718 Iris Avenue
718 Iris Avenue
718 Iris Avenue
718 Iris Avenue
718 Iris Avenue
718 Iris Avenue
718 Iris Avenue
718 Iris Avenue
718 Iris Avenue
718 Iris Avenue
718 Iris Avenue
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718 Iris Avenue
718 Iris Avenue
718 Iris Avenue
718 Iris Avenue
718 Iris Avenue
718 Iris Avenue
718 Iris Avenue
718 Iris Avenue
718 Iris Avenue
718 Iris Avenue
718 Iris Avenue
Pending

718 Iris Avenue

718 Iris Avenue, Corona del Mar, CA 92625

$2,995,000
This attractive duplex constructed in the mid-70s exhibits an excellent rental history with the ability for a buyer to grow in-place rents or substantially increase proforma rents through a conservative remodel. Each unit features attractive and well-maintained 3 bed/3 bath configurations with some enhancements over the years, such as plank vinyl flooring and partial window replacements. Given the current configuration of the building, one could endeavor to condo the property as well, offering multiple unit sales or owner and tenant occupancy. A complete property redevelopment provides a unique opportunity for maximizing square footage on the R2 lot as well. Experience the finest in Corona del Mar living close to area dining such as Zinc, Bandera, and the Quiet Woman. Pristine beaches, Grant Howard Park, Fashion Island, and Newport Center are just moments away.

6
beds

6
baths

3,000 Sq.Ft. LIVING AREA

0.081 Acres lot

Mary Golding

Mary Golding

Features & Amenities

Interior

  • total bedrooms6
  • Total bathrooms6
  • full bathrooms6
  • Laundry room Inside
  • Fireplace Living Room

Area & Lot

  • Status Pending
  • Living Area3,000 Sq.Ft.
  • Lot Area0.081 Acres
  • MLS® IDNP22209923
  • TypeRESIDENTIAL
  • YEAR BUILT1974
  • NeighborhoodCorona del Mar
  • Architecture StylesDuplex
  • View DescriptionNone
  • High SchoolNewport Mesa Unified

Exterior

  • STORIES2
  • Garage Space4
  • water SourcePublic
  • PoolNone
  • roofComposition, Flat, Spanish Tile
  • lot featuresFront Yard, Landscaped
  • parkingGarage
  • HEAT TYPECentral
  • AIR CONDITIONINGNone
  • sewerPublic Sewer
  • SubstructureStucco
  • HOA AmenitiesSidewalks
  • security FeaturesCarbon Monoxide Detector(s), Smoke Detector(s)
  • other exterior FeaturesDeck, Patio

Financial

  • Sales Price$2,995,000
  • Zoning R2

Corona del Mar

The neighborhood lives up to its name of the “Crown of the Sea.”

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