Listed by Chas Patterson, The Firm Real Estate Services Inc.,

3732 E Coast Highway

Corona del Mar, CA, 92625

$7,999,000

$1,673 per ft²
$7,999,000
$1,673 per ft²
Active
Active
 - For Sale
carpenters-square
4,779 ft²
property_type
Multi-family
calendar
Built 1949
***PRICE REDUCED FOR QUICK SALE*** Prime commercial trophy asset in Corona Del Mar. The building is in immaculate condition and represents a fantastic long-term investment opportunity. Situated across from the famous 5 Crowns Restaurant, CdM’s exclusive “flower streets” and just a couple of blocks from the Corona del Mar State Beach, this location is ideal. This asset has great curb appeal, sits in a neighborhood filled with $5M -$20M homes, is near a signalized intersection on Coast Hwy between Newport Beach and Laguna Beach, all of which allow the property to benefit from strong tenant demand and an upside in potential rents. This mixed-use property has two ground level commercial units and two upper level apartments. One of the units is a restaurant with a commercial kitchen with built-in grease intercept and rooftop swamp fan. All units are individually metered and air conditioned. Nearly one million dollars in property upgrades since 2015. This gem has low management and maintenance costs. Property is ideal for a 1031 exchange upleg or for an owner-user. This is your chance to own one of the nicest properties in all of Corona Del Mar! Note: This information is believed to be reliable; however, no warranty, express or implied, is made as to the accuracy of the information contained herein. Buyer and other parties in receipt of this information should independently confirm the accuracy of the information through their own due diligence and determine suitability of the property for their needs.
MLS® ID:
OC23003486
Listed:
1/4/23
Updated:
2/6/23

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Washer Hookup, Gas Dryer Hookup, Upper Level
Cooling
Central Air
Heating
Forced Air

Exterior/Building Features

Lot Size
4,792 ft² lot
Lot Details
Street Level
Sewer
Public Sewer

Other Property Details

Area Name
CS - Corona Del Mar - Spyglass
Taxes
$29856
Tax Frequency
per YEAR
Association Amenities
Suburban
Garage
No
Parking
On Street
View
N
County
Orange
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Water Source
Public
Pool
No
Pool Description
None
Total Stories
2
Buyer Agency Compensation
2.000

Property History

Date
Event
Price
Value
1/13/23
Price Change
$7,999,000
-4%

Listed by The Firm Real Estate Services Inc., Chas Patterson,
Listing Contact: 949-295-0610 

Based on information from California Regional Multiple Listing Service, Inc. as of 2/6/23. 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.

©2023 California Regional Multiple Listing Service. All rights reserved.

Data last updated 3:16 AM UTC, 2/6/23

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