• 5 Beds
  • 3 Baths
  • 2,749 sq ft
  • 3,540 lot
  • $2,875,000
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HIGHLY PROFITABLE Corona del Mar triplex situated in a premier location of the Village just 1 short block to the beach and nearby local shops and restaurants. For builders: Being set on Marguerite allows for unique setbacks and fascinating views – supplying favored accommodations for a Corona del Mar builder – neighboring properties have provided record sales. For investment property owners: The property rates as a five-star on main stream rental sites and generates a high annual income amount. Rent the property while planning and permitting process is underway. All three units have been upgraded with designer finishes. This is a rare opportunity as very few triplexes exist in the village. The single-story front unit, is equipped with 2 bedrooms; 1 bathroom; fireplace; hardwood floors; and welcomes you with an ocean-view, large front patio. The single story middle unit offers 1 bedroom; 1 bathroom; and a side patio. The rear upper unit, boasts 2 bedrooms; 1 bathroom; hardwood floors, open floor plan and peek-a-boo ocean views. The property offers a large laundry room and storage area to the tenants of the triplex, along with a three-car garage. Units rent immediately with multiple applicants and have very low vacancy, if any. Seller’s full proforma available upon request.
MLS #NP20010242Days on Market256
Last Updated3/17/2020Year Built1955
TractCorona del Mar South of PCH (CDMS)CommunityCorona Del Mar - Spyglass
Garage Spaces3CountyOrange
Total Parking6StatusSold
Property Type(s)Residential

Additional Features & Details

Accessibility Features
  • Customized Wheelchair Accessible
  • Disposal
  • Free-Standing Range
  • Gas Oven
  • Gas Range
  • Microwave
  • Refrigerator
Architectural Style
  • Cottage
  • Traditional
  • Unknown
Attached Garage YN
  • 0
  • Corona del Mar
Common Interest
  • None
Common Walls
  • 2+ common walls
  • No one above
  • No one below
Community Features
  • Curbs
  • Wall/Window Unit(s)
  • US
County Or Parish
  • Orange
Elevation Units
  • Feet
Fireplace Features
  • Living Room
  • See Remarks
  • Wood
  • Fireplace(s)
  • Wall Furnace
High School District
  • Newport Mesa Unified
Interior Features
  • Built-in Features
  • Ceiling Fan(s)
  • Granite Counters
  • Open Floorplan
Laundry Features
  • Community
  • One
  • Two
List Agent AOR
  • Newport
Living Area Units
  • Square Feet
Lot Dimensions Source
  • Public Records
Lot Features
  • Near Public Transit
  • Park Nearby
  • Patio Home
  • Walkstreet
Lot Size Units
  • Square Feet
Major Change Type
  • Closed
MLSArea Major
  • CS - Corona Del Mar - Spyglass
Parcel Number
  • 05210324
Parking Features
  • Garage
  • Garage Faces Rear
Pool Features
  • None
Previous Standard Status
  • Pending
Property Condition
  • Updated/Remodeled
Property Sub Type
  • Triplex
Property Type
  • Residential
Road Frontage Type
  • Alley
Room Type
  • All Bedrooms Down
  • All Bedrooms Up
  • Laundry
  • Living Room
  • Main Floor Bedroom
Senior Community YN
  • 0
  • Public Sewer
Special Listing Conditions
  • Standard
Standard Status
  • Closed
State Or Province
  • CA
Street Suffix
  • Avenue
Tax Tract Number
  • 186
  • City Lights
  • Ocean
  • Peek-A-Boo
  • Water
Water Features
  • Across the Road from Lake/Ocean
  • Beach Access
  • Ocean Side of Freeway
  • Ocean Side Of Highway 1
Water Source
  • Public
Year Built Source
  • Public Records

Zestimate Details for: 308 MARGUERITE Avenue, Corona del Mar, CA

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Listing provided by : Casey Lesher License # 01795953, Coldwell Banker Res. Brokerage

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