416 Larkspur Avenue, Corona Del Mar, CA 92625

$2,185,000
3
BD
4
BA
3,001
SqFt
List Price
$2,185,000
Status
ACTIVE
MLS#
NP19215748
Year Built
1996
Bedrooms
3
Bathrooms
4
Living Sq. Ft
3,001
Lot Size
3,540
Acres
0.0813
Lot Location
Rectangular Lot
Days on Market
12
Property Type
Single Family Residential
Property Sub Type
Duplex
Stories
Two Level
Neighborhood
Corona Del Mar North Of Pch (Cnhw)

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 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.

Additional Information

Tract Number
186
Lot Description
Sidewalks
Appliances
Dishwasher, Double Oven, Electric Cooktop, Disposal, Refrigerator
Pool Description
None
Fireplace Description
Living Room
Heat
Central
Cooling
Yes
Cooling Description
Central Air
View
None
Roof
Composition
Garage Spaces Total
2
Sewer
Public Sewer
Water
Public
School District
Newport Mesa Unified
Attached Structure
Attached
Total Number of Units
2

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Mary Golding from Coldwell Banker Res. Brokerage

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.