Active

505 & 505 .5 Acacia Avenue

Corona Del Mar CA, 92625

$3,850,000


$1,203.13 per sqft

Active

6 Beds

6 Baths

3,200 sqft

Multi-family

Built in 1968

Listed by Brenda McCroskey with Compass 949-280-5563

Charming Rare South of Highway Duplex on one of the best and prettiest streets in the Village! Presenting a unique and exceptional Residential Income R2 opportunity in the heart of Corona Del Mar village, where coastal living seamlessly blends with strong investment potential. Both units are 1600 sq ft, with a Living Room, Family room, Kitchen with Breakfast Bar, Powder, and Laundry down and three bedrooms upstairs (one ensuite) and two baths, primary and one bedroom in each with walk-in closets. Rear unit even has another balcony off of the primary suite, complete with workspace/exercise area/sitting area too! Super clean with excellent tenants, whose leases run until 8/25 for the front and 6/25 for the rear. Loads of outdoor space - inviting enclosed brick front patio, balcony, and a generous side patio for each unit. With its excellent walkability, residents can easily explore the village's renowned beaches, restaurants, top-rated schools, shopping, scenic hiking trails, and nearby golf courses. Whether you're considering redevelopment or looking to enhance the cash flow of a valuable investment, this property offers all the options. This is an excellent opportunity to own a piece of coveted Corona Del Mar real estate--a combination of the beauty of our coast and excellent investment potential.

NP24253316

MLS ID

December 23, 2024

Listed

December 24, 2024

Updated

Map

505 & 505 .5 Acacia Avenue
Corona Del Mar CA, 92625

Interior Features

Total Stories

2


Bedrooms

6


Total Bathrooms

6


Full Bathrooms

3


Half Bathrooms

2


Three-Quarter Bathrooms

1


Interior Features

Ceiling Fan(s), Laminate Counters, Living Room Deck Attached, Unfurnished, All Bedrooms Up, Primary Suite, Walk-In Closet(s)


Appliances

Dishwasher, Electric Oven, Electric Range, Microwave, Water Heater


Laundry Description

Washer Hookup, Inside, Laundry Room


Floor Description

Laminate, Tile


Fireplace

Yes


Fireplace Description

Family Room, Gas Starter, Living Room


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.08 Acres


Exterior Features

Awning(s)


Lot Features

Near Park, Near Public Transit, Rectangular Lot, Street Level, Walkstreet


Architectual Style

Traditional, Patio Home


Roof

Composition


Sewer

Public Sewer

School Information

School District

Newport Mesa Unified

Other Property Details

Area Name

CS - Corona Del Mar - Spyglass


Days on Market

1


Garage

Yes


Garage Spaces

2


Parking Total

2


View

Yes


View Description

Neighborhood


County

Orange


Water Source

Public


Pool

No


Pool Features

None


Waterfront

Yes

Listing Contact: 949-438-4340 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/24/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 12/24/2024 at 2:40 PM UTC

 

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