613 Marigold Avenue, Corona del Mar
Corona del Mar Home For Sale
Welcome to 613 Marigold Avenue, a charming duplex built in 1973 thats nestled in the heart of Corona del Mar's vibrant Village. PRIME LOCATION: Situated on a much-sought-after, quiet, tree-lined street with excellent walkability, just a few short blocks to downtown Corona del Mar and the beach. SPACIOUS LIVING: Both units are mirror images of each other, featuring 3 spacious bedrooms and 3 bathrooms. Each unit is filled with plenty of natural light, beamed ceilings and fireplaces in the family rooms, and cathedral ceilings in all bedrooms. FRONT UNIT: Double-wide French doors in the family room seamlessly blend indoor and outdoor spaces, leading to a fenced-off private courtyard thats perfect for entertaining and breathing in the ocean breeze. BACK UNIT: Features an expansive rooftop deck over the garage, facing west to capture those beautiful sunsets and cotton-candy skies. INVESTORS: This exceptional property is competitively priced...and offers an array of possibilities; whether you're looking to redevelop into two condos, enjoy one unit while renting out the other, or simply invest in a prime coastal location. Its a perfect hybrid property giving the investor the option to renovate now and rent out each unit between $6K-$8K per month, depending on the extent of the remodel. Proforma setup showing 4% cap rate is available upon request. Alternatively, it may be more suitable to tear-down and rebuild sometime in the future allowing for a bigger payout to the investorideally if/when interest rates, labor & material costs decline. NOTE: This duplex is being offered for sale
Property Details
Additional Information
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- City:
- Corona del Mar
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- County:
- Orange
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- Zip:
- 92625
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- MLS® #:
- OC24117204
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- Bedrooms:
- 6
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- Bathrooms:
- 4
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- Square Ft:
- 2,900
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- Lot Size:
- 0.08
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- Neighborhood:
- OC - CORONA DEL MAR (92625)
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- Garages:
- 2
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Listing information last updated on July 3rd, 2024 at 7:16pm PDT.