416 Larkspur Avenue

    Corona Del Mar, CA 92625
    • $2,185,000
    • STATUS: ACTIVE
    • ON SITE: 10 days
    • ID#: 301632156
    $2,185,000
    • 3
      BEDS
    • 0.08
      ACRES
    • 3
      BATHS
    • 1
      1/2 BATHS
    • 3,001
      SQFT
    • $728
      $/SQFT
    Type:
    Villa/Townhouse
    Built:
    1996
    County:

    School Ratings & Info

    Description

    This attractive duplex was constructed in 1996 and exhibits a strong rental history with the ability to grow in-place rents, or substantially increase proforma rents through a conservative remodel. The front unit is a 2 bedroom plus loft with 2.5 baths totaling 2,310 square feet. The back unit is a 1 bedroom 1 bath layout totaling 691 square feet. 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 This attractive duplex was constructed in 1996 and exhibits a strong rental history with the ability to grow in-place rents, or substantially increase proforma rents through a conservative remodel. The front unit is a 2 bedroom plus loft with 2.5 baths totaling 2,310 square feet. The back unit is a 1 bedroom 1 bath layout totaling 691 square feet. 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 redevelopment of the property offers a unique opportunity for maximizing square footage on the R2 lot as well, given the reduced front yard setback North of PCH. Typical lots in the area have 20-foot setbacks, whereas 416 Larkspur benefits from a 10-foot front yard setback, thereby maximizing the buildable square footage. Experience the finest in Corona del Mar living close to area dining such as Zinc, Bandera, and the Quiet Woman. Pristine beaches, Fashion Island, and Newport Center are just moments away.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2019 San Diego MLS, Inc. Licensed in the state of California.
    www.forsalesandiego.com/homes/98872803

    416 Larkspur Avenue Corona Del Mar, CA 92625

    • Price: $2,185,000
    • Status: ACTIVE
    • ID#: 301632156
    3
    Beds
    3
    Baths
    1
    ½ Baths
    0.08
    Acres
    3,001
    SQFT
    $728
    $/SQFT
    1996
    Built
    Neighborhood:
    Oc - Corona Del Mar (92625)
    County:
    Orange
    Area:
    Oc - Corona Del Mar (92625)
    Property Description
    This attractive duplex was constructed in 1996 and exhibits a strong rental history with the ability to grow in-place rents, or substantially increase proforma rents through a conservative remodel. The front unit is a 2 bedroom plus loft with 2.5 baths totaling 2,310 square feet. The back unit is a 1 bedroom 1 bath layout totaling 691 square feet. 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 This attractive duplex was constructed in 1996 and exhibits a strong rental history with the ability to grow in-place rents, or substantially increase proforma rents through a conservative remodel. The front unit is a 2 bedroom plus loft with 2.5 baths totaling 2,310 square feet. The back unit is a 1 bedroom 1 bath layout totaling 691 square feet. 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 redevelopment of the property offers a unique opportunity for maximizing square footage on the R2 lot as well, given the reduced front yard setback North of PCH. Typical lots in the area have 20-foot setbacks, whereas 416 Larkspur benefits from a 10-foot front yard setback, thereby maximizing the buildable square footage. Experience the finest in Corona del Mar living close to area dining such as Zinc, Bandera, and the Quiet Woman. Pristine beaches, Fashion Island, and Newport Center are just moments away.
    Exterior Features

    Fencing Vinyl Parking Garage Description Garage Parking Non Garage Description Carport Parking Spaces Total 4 Pool N/K Residential Styles Townhome Residential Unit Location 1 Common Wall Roof Composition Site Sidewalks View N/K

    Interior Features

    Bath Totals 4 Bedrooms Total 3 Equipment Available DishwasherDisposalRefrigeratorDouble Oven Fireplace Fp in Living Room Floor Coverings CarpetLaminate Interior Features 2 Staircases Laundry Location Laundry Room Searchable Rooms Great RoomLoftMbr Entry LevelKitchenLaundry Stories 2 Story

    Property Features

    Assessments Unknown Home Owners Fees 0 Sales Restrictions Standard Sewer Septic Public Sewer Terms CashExchangeCash To New Loan Water Public

    Listing provided courtesy of Coldwell Banker Res. Brokerage. Listing information © 2019 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2019 San Diego MLS, Inc. Licensed in the state of California.
     
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