718 Iris Avenue, Corona del Mar, CA 92625
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.
3,000 Sq.Ft. LIVING AREA
0.081 Acres lot
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