308 MARGUERITE AVE, Corona Del Mar, CA 92625

$2,875,000

Est. payment -/mo

$2,995,000

4.0%

Est.Price: ?

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5 Beds

3 Baths

2,749 SqFt

SOLD DATE : 03/17/2020

Key Details

Sold Price $2,875,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,749 sqft

Price per Sqft $1,045

Subdivision Corona Del Mar South Of Pch (Cdms)

MLS Listing ID NP20010242

Sold Date 03/17/20

Bedrooms 5

Full Baths 3

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1955

Lot Size 3,484 Sqft

Lot Dimensions Public Records

Property Description

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.

Location

State CA

County Orange

Area Cs - Corona Del Mar - Spyglass

Rooms

Main Level Bedrooms 3

Interior

Interior Features Built-in Features, Ceiling Fan(s), Granite Counters, Open Floorplan, All Bedrooms Up, All Bedrooms Down, Bedroom on Main Level

Heating Fireplace(s), Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Wood

Fireplaces Type Living Room, See Remarks

Fireplace Yes

Appliance Free-Standing Range, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator

Laundry Common Area

Exterior

Garage Garage, Garage Faces Rear

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Curbs, Park

Waterfront Description Across the Road from Lake/Ocean,Beach Access,Ocean Side Of Freeway,Ocean Side Of Highway

View Y/N Yes

View City Lights, Ocean, Peek-A-Boo, Water

Accessibility Customized Wheelchair Accessible

Attached Garage No

Total Parking Spaces 3

Private Pool No

Building

Lot Description Near Park, Near Public Transit, Walkstreet

Story 2

Entry Level One,Two

Sewer Public Sewer

Water Public

Architectural Style Cottage, Traditional, Patio Home

Level or Stories One, Two

New Construction No

Construction Status Updated/Remodeled

Schools

School District Newport Mesa Unified

Others

Senior Community No

Tax ID 05210324

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Financing Conventional

Special Listing Condition Standard

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Diego Magdaleno

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Listed by Casey Lesher • Coldwell Banker Res. Brokerage
Bought with Casey Lesher • Coldwell Banker Res. Brokerage

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