Corona Del Mar, CA 92625,613 Marigold Avenue
Corona Del Mar, CA 92625,613 Marigold Avenue
Corona Del Mar, CA 92625,613 Marigold Avenue
49
Listed by Ramzi Ataya • Engel & Voelkers Newport Beach
$3,150,000
$3,195,000
1.4%
Est.Price: ?

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6 BD
4 BA
2,900 SqFt

613 Marigold Avenue Corona Del Mar, CA 92625

Est. payment /mo
SOLD DATE : 07/12/2024

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Key Details

Sold Price $3,150,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

Square Footage 2,900 sqft

Price per Sqft $1,086

Subdivision Corona Del Mar North Of Pch

MLS Listing ID OC-24117204

Sold Date 07/12/24

Bedrooms 6

Full Baths 2

Half Baths 2

Year Built 1973

Lot Size 3,489 Sqft

Property Description

Welcome to 613 Marigold Avenue, a charming duplex built in 1973 that's nestled in the heart of Corona del Mar's vibrant Village. PRIME LOCATION: Situated on a much-sought-after, quiet, tree-lined street with excellent walkability, just a few short blocks to downtown Corona del Mar and the beach. SPACIOUS LIVING: Both units are mirror images of each other, featuring 3 spacious bedrooms and 3 bathrooms. Each unit is filled with plenty of natural light, beamed ceilings and fireplaces in the family rooms, and cathedral ceilings in all bedrooms. FRONT UNIT: Double-wide French doors in the family room seamlessly blend indoor and outdoor spaces, leading to a fenced-off private courtyard that's perfect for entertaining and breathing in the ocean breeze. BACK UNIT: Features an expansive rooftop deck over the garage, facing west to capture those beautiful sunsets and cotton-candy skies. INVESTORS: This exceptional property is competitively priced...and offers an array of possibilities; whether you're looking to redevelop into two condos, enjoy one unit while renting out the other, or simply invest in a prime coastal location. It's a perfect "hybrid property" giving the investor the option to renovate now and rent out each unit between $6K-$8K per month, depending on the extent of the remodel. Proforma setup showing 4% cap rate is available upon request. Alternatively, it may be more suitable to tear-down and rebuild sometime in the future allowing for a bigger payout to the investor...ideally if/when interest rates, labor & material costs decline. NOTE: This duplex is being offered for sale as-is and represents a rare gem in a highly desirable location. Don't miss this opportunity to own a piece of coastal luxury in Corona del Mar. Contact us today to explore the potential of this versatile property! Showings will be scheduled with qualified offers by appointment only. Please do not disturb tenants.

Location

State CA

County Orange

Interior

Interior Features Beamed Ceilings, Cathedral Ceiling(s), Ceiling Fan(s), Granite Counters, Tile Counters

Heating Fireplace(s), Forced Air

Cooling None

Fireplaces Type Electric, Family Room

Laundry Gas Dryer Hookup, In Garage, Washer Hookup

Exterior

Garage Spaces 2.0

Pool None

Community Features Curbs, Sidewalks, Storm Drains

Utilities Available Sewer Connected, Water Connected, Electricity Connected, Natural Gas Connected

View Y/N No

View None

Building

Lot Description 0-1 Unit/Acre

Sewer Public Sewer

Schools

Elementary Schools Harbor View

Middle Schools Corona Del Mar

High Schools Corona Del Mar

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agent

Maureen Alphonso

Agent | License ID: 01734126

+1(805) 279-6885

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