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308 MARGUERITE Avenue
Corona Del Mar, CA 92625

$2,795,000 
  • -- Beds
  • -- Baths
  • 2,749 sqft
  • Residential Income | Triplex
  • Pending Continue to Show
308 MARGUERITE Avenue, Corona Del Mar - 538459064
308 MARGUERITE Avenue, Corona Del Mar - 538459065
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Property Description for 308 MARGUERITE Avenue, Corona Del Mar CA 92625

HIGHLY PROFITABLE Corona del Mar triplex situated in a premier location of the Village just 1 short block to the beach and nearby local shops and restaurants. For builders: Being set on Marguerite allows for unique setbacks and fascinating views – supplying favored accommodations for a Corona del Mar builder – neighboring properties have provided record sales. For investment property owners: The property rates as a five-star on main stream rental sites and generates a high annual income amount. Rent the property while planning and permitting process is underway. All three units have been upgraded with designer finishes. This is a rare opportunity as very few triplexes exist in the village. The single-story front unit, is equipped with 2 bedrooms; 1 bathroom; fireplace; hardwood floors; and welcomes you with an ocean-view, front patio. The single story middle unit offers 1 bedroom; 1 bathroom; and a spacious side patio. The rear upper unit, boasts 2 bedrooms; 1 bathroom; hardwood floors, open floor plan and peek-a-boo ocean views. The property offers a large laundry room and storage area to the tenants of the triplex, along with a three-car garage. Units rent immediately with multiple applicants and have very low vacancy, if any.

  • Property Class: Residential Income
  • Listing Status: Pending Continue to Show
  • City: Corona Del Mar
  • State: CA
  • Zip: 92625
  • Area: CS - Corona Del Mar - Spyglass
  • County: Orange
  • Class: Residential Income
  • Property Subtype: Triplex
  • Stories: 2
  • Fireplaces: Yes
  • Baths (F/H): -- / --
  • Baths Partial: 0
  • Living Area (SqFt): 2,749 sqft
  • Lot Sq Ft Apx: 3540.00
  • Garage: 3.00
  • Year Built: 1955
  • Listing#: NP18076603
  • HOA Fee: 0.00
  • Parcel Number: 05210324
  • List Date: 4/4/2018
  • Last updated on: 7/21/2018

Property Features for 308 MARGUERITE Avenue, Corona Del Mar CA 92625

  • Appliances: Free Standing Range, Garbage Disposal, Gas Oven, Gas Range, Microwave, Refrigerator
  • Cooling: Wall Window
  • Heating: Wall Heater, Fireplace
  • Interior Features: Built-Ins, Ceiling Fan, Granite Counters, Open Floor Plan
  • Parking Features: Garage, Garage - Rear Entry
  • Water Access: Beach
  • Year Built: 1955
  • Community Features: Curbs
  • View Description: City Lights, Ocean, Peek-A-Boo, Water
  • Style: Cottage, Traditional
  • Lot Desc: Near Public Transit, Park Nearby, Patio Home, Walkstreet
  • Pool: None

Additional Information for 308 MARGUERITE Avenue, Corona Del Mar CA 92625

  • Bedroom 2 Area: 955
  • Development Status: Updated/Remodeled
  • Expenses: 2820.00
  • Garage Style: Garage, Garage - Rear Entry
  • Gross Building Area: 2749.00
  • Net Income: 129180.00
  • Rent Income: 11000.00
  • Style: Cottage, Traditional
  • Subdivision: Corona Del Mar South Of PCH (CDMS)
Courtesy of Casey Lesher, Coldwell Banker Res. Brokerage
Copyright 2018, California Regional Multiple Listing Service, Inc.. All Rights Reserved.
Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.