617 Iris Avenue, Corona Del Mar, CA 92625
- $3,200,000
- List Price
- $3,200,000
- Status
- ACTIVE UNDER CONTRACT
- MLS#
- NP25139099
- Year Built
- 1965
- Lot Size
- 3,311
- Acres
- 0.08
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 22
- Property Type
- Multifamily
- Style
- Mid-Century Modern
- Property Sub Type
- Duplex
- Stories
- Two Levels
- Neighborhood
- Corona Del Mar North Of Pch (Cnhw)
Property Description
Exceptional Duplex Opportunity in Coveted Corona Del Mar – R2 Zoned Don't miss this rare opportunity to own a beautifully maintained R2-zoned duplex in the heart of Corona Del Mar. This versatile property features two spacious units, each offering four bedrooms across two stories, ideal for short-term rental income, long-term tenants, or future redevelopment into luxury condos or a spectacular custom home. Property Highlights: Two Fully Furnished Units – Each unit includes 4 bedrooms and 2 bathrooms with expansive, open-concept living spaces. Permitted Short-Term Rental – Operates successfully as a fully furnished STR with city permits already in place. Modern Comforts – Near-new air conditioning, forced-air furnaces, double-pane Milgard windows and sliders, and two high-speed EV charging stations. Green Energy Ready – Two separate sets of solar panels help minimize utility costs. Upgraded electrical to 200 amp service. Trexs front patio decking. Outdoor Living – Front unit features a large private patio with brand-new decking and elegant wrought iron railing—perfect for entertaining or relaxing. Garage & Parking – Shared double garage with ample additional street parking. Prime Location – Walking distance to Grant Howald Park and the Community Youth Center; just minutes to the beach, top-rated schools, fine dining, shops, and services. Spacious and Comfortable Living Each unit offers generously sized bedrooms, including large master suites, and flowing floor plans ideal for families or group rentals. Natural light floods the interiors, enhancing the home's coastal charm. Whether you're an investor seeking turnkey rental income, a developer looking for your next project, or a homeowner envisioning a dream estate in one of Newport Beach’s most desirable neighborhoods—this property delivers.
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Additional Information
- Appliances
- Built-In Range, Dishwasher, Gas Cooktop, Disposal, Gas Water Heater, Water Heater
- Pool Description
- None
- Fireplace Description
- Electric
- Heat
- Forced Air
- Cooling
- Yes
- Cooling Description
- Central Air
- Exterior Construction
- Frame, Stucco, Copper Plumbing
- Roof
- Composition
- Garage Spaces Total
- 2
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Ceiling Fan(s), Cathedral Ceiling(s), Furnished, High Ceilings, Open Floorplan, All Bedrooms Up
- Attached Structure
- Attached
- Number Of Units Total
- 2
- Gross Scheduled Income
- $136,000
Listing courtesy of Listing Agent: Ernie Caponera (ernie@newport-properties.com) from Listing Office: Newport Properties.
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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.