$3,150,000
$3,195,000
1.4%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
5 Baths
2,900 SqFt
SOLD DATE : 07/12/2024
Key Details
Sold Price $3,150,000
Property Type Townhouse
Sub Type Townhome
Listing Status Sold
Purchase Type For Sale
Square Footage 2,900 sqft
Price per Sqft $1,086
Subdivision Corona Del Mar North Of Pch (Cnh
MLS Listing ID OC24117204
Sold Date 07/12/24
Bedrooms 6
Full Baths 2
Half Baths 2
Year Built 1973
Property Sub-Type Townhome
Property Description
Welcome to 613 Marigold Avenue, a charming duplex built in 1973 thats 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 thats 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. Its 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 investorideally if/when interest rates, labor & material costs decline. NOTE: This duplex is being offered for sale
Location
State CA
County Orange
Direction ===== Quaintly nestled between 3rd and 4th Avenue...on the Westside of Marigold Avenue. =====
Interior
Interior Features Beamed Ceilings, Granite Counters, Tile Counters
Heating Fireplace, Forced Air Unit
Fireplaces Type FP in Family Room, Electric
Fireplace No
Appliance Dishwasher, Disposal, Microwave, Gas Oven, Gas Stove
Laundry Gas, Washer Hookup
Exterior
Parking Features Garage
Garage Spaces 2.0
Fence Vinyl, Wood
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N Yes
Water Access Desc Public
Roof Type Composition
Porch Roof Top
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories 2
Others
Special Listing Condition Standard
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Bought with Ramzi Ataya Engel & Voelkers Newport Beach
