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Sq.Ft. Lot3,540
Year1950
Status:
Sold
Property Type:Residential Income (Multi-Family)
MLS #:NP17144330
Date Sold:1/3/2018
Lot Size:3,540 Sq. Ft.
County:Orange
Listing Agent/Office
Agent:Timothy Carr
Office:Villa Real Estate
Building opportunity! Potential for ocean views. Great property in the Village of Corona del Mar consists currently of two units- the back is a studio unit with separate kitchen, bath, and large private yard. The front is a 2BR, 1 BA with front yard space and private patio. R-2 lot, street to alley. Two single garages. Licensed with the City of Newport Beach for short-term rental -this is a great opportunity for a builder/investor to make extra money while going through the build process with the City. Great location close to beach, shops, restaurants, Crystal Cove Promenade and Fashion Island.
Detailed Maps
Community Information
Address:505 Poppy Ave, Corona Del Mar, CA 92625
Area:CS - Corona Del Mar - Spyglass
County:Orange
City:Corona Del Mar
Subdivision:Corona Del Mar North Of Pch (Cnhw)
Zip Code:92625
Architecture
Year Built:1950
Stories:1
Number of Buildings: 2
Total Units: 2
Stories Total: 1
Garage Spaces: 2.0
Parking Total: 2.0
Features / Amenities
Laundry: In Garage
Common Walls: No Common Walls
Property Features
Lot Size:
0.08 Acres / 3,540 Sq. Ft.
Lot Features: Back Yard, Front Yard
Waterfront: Ocean Side Of Freeway
Sewer: Public Sewer
Water: Public
Directions:PCH to Poppy
Tax and Financial Info
Buyer Financing: Cash
Gross Income: $100
Gross Scheduled Income: $111,600
Net Operating Income: $61,325
Operating Expense: $20
Terms: Cash, CashtoNewLoan, SubjectToOther
Land Lease: No
Disclosures: Principal is Real Estate Licensed, TrustConservatorship
Schools
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Based on information from California Regional Multiple Listing Service, Inc. as of March 20, 2023. 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. IDX provided by Sierra Interactive.