323 Iris Avenue, Corona del Mar

$3,695,000

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6

Beds

4

Baths

0.10

Acres

Listing Agent
Arthur Dorr - Balboa Realty

About 323 Iris Avenue

Welcome to a rare and exceptional opportunity in the heart of Corona Del Mar village, where coastal living meets investment potential. This cosmetically remodeled duplex, nestled in a prime location south of Pacific Coast Hwy and Bayside Drive, offers an unparalleled lifestyle with close proximity to the renowned beaches of CDM. Zoned R2, this property boasts a commanding view of the park/playground below, the charming neighborhood, and the picturesque hills of Newport Coast. At the end of a tranquil cul-de-sac, this duplex provides a peaceful retreat while being within walking distance of the sun-soaked shores. Both units, currently occupied on a month-to-month basis, feature a desirable 3-bedroom, 2-bathroom layout with upgraded kitchens and bathrooms. The large balcony upstairs presents an idyllic spot to soak in the panoramic views of the park and surrounding neighborhood. This spacious duplex not only offers a comfortable residence but also unlocks various income opportunities. With excellent walkability, residents can explore world-class dining options in the village, access renowned schools, indulge in shopping, traverse scenic hiking trails, and tee off at nearby golf courses. Whether you're considering redevelopment or seeking to enhance the revenue of a trophy cash-flowing asset, this property is primed for success. Seize the chance to own a piece of Corona Del Mar's coveted real estate, where every day is an opportunity for coastal bliss and investment prosperity.

Features of 323 Iris Avenue

MLS® # NP24045926
Price $3,695,000
Bedrooms 6
Bathrooms 4.00
Acres 0.10
Year Built 1977
Type Residential Income
Sub-Type Duplex
Style Other
Status Active

Community Information

Address 323 Iris Avenue
Area CS - Corona Del Mar - Spyglass
Subdivision Corona del Mar South of PCH (CDMS)
City Corona del Mar
County Orange
Zip Code 92625

Amenities

Amenities Dog Park, Trail(s), Trash, Water
Parking Spaces 4
# of Garages 2
View Bluff, City Lights, Mountain(s), Neighborhood
Is Waterfront No
Has Pool No
Pool None

Interior

Interior Tile, Vinyl
Interior Features Granite Counters, Living Room Deck Attached, Bedroom on Main Level
Appliances Gas Range
Heating Forced Air
Cooling None
Has Basement No
Fireplace Yes
Fireplaces Living Room
# of Stories 2
Stories Two

Exterior

Exterior Stucco
Lot Description Bluff, Corner Lot, Near Park
Roof Shingle
Construction Stucco

Additional Information

Date Listed March 7th, 2024
Days on Market 79
Foreclosure No
Short Sale No
RE / Bank Owned No
Leased Land Fee
Senior Community No

Listing Details

AgentArthur Dorr
OfficeBalboa Realty

Listing Map

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