614 Marguerite Avenue Corona del Mar, CA $ 4,195,000
614 Marguerite Avenue
$ 4,195,000
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614 Marguerite Avenue

Corona del Mar, CA, 92625
$ 4,195,000
Bedrooms4 Baths1.0 Sq 2,250

Monthly Estimate*

$ 25,124

Listed by Old Newport Realty
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Multi-Family Home for sale in Corona del Mar, CA

for $4,195,000 with 4 bedrooms and 1 full bath. This 2,250 square foot home was built in 1947 on a lot size of 0.1219.

Imagine what one can do with two 45' wide lots in the heart and soul of Corona del Mar located at 610 & 614 Marguerite. This is an opportunity to own what is currently two triplexes nestled on three 30' wide lots as the city has the original parcel map showing three lots that can be reinstated during plan review. The three parcels total 10,620 square feet ideal for new construction for six condos or three houses with an ADU or three duplexes. The current ultra-private setting is a garden oasis with lush landscaping creating a serene and peaceful living environment that is second to none to any other property in the flower streets. Documents such as parcel map showing three parcels, rent roll, repair history, triplex photos, 3D video, floor plans, and visual inspection reports are available upon request. The location is close to all of what the Village has to offer such as world class restaurants, shops, beaches, coves, and all the amenities. Plus, it's just a short walk to parks, hiking trails, beaches, coves, bay, and the Oasis Senior Center. Each of the six units has a detached one car garage and a shared laundry room.

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Multi-Family Active

Price

$ 4,195,000

Bedrooms

4

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Triplex

Lot Size

0.1219

Year Built

1947

Town/City

Corona del Mar

County/Region

Orange

MLS | Web ID

NP24185644

Days on Market

16

Features
General
Sewer PublicSewer
Heating WallFurnace
Cooling None
Possession CloseOfEscrow
Appliances GasOven GasRange Refrigerator
Garage Spaces 6.0
Pool Features None
Year Built 1947
Tenant Pays Electricity Gas
View None
Stories 2
Levels Two
Property SubType Triplex
Gross Income 204300.0
Community Features Biking Hiking
County Orange
Net Operating Income 204300.0
Operating Expense 10500.0
Insurance Expense 6000.0
New Construction N
Property Type ResidentialIncome
Home Owner Assoc N
Attached Garage N
Subdivision Name Corona del Mar North of PCH (CNHW)
Garage Y/N Y
Special Listing Conditions Standard
Status ActiveUnderContract
Directions South on PCH and left on Marguerite
City Corona del Mar
Disclosures CityInspectionRequired
Entry Location 1
View Y/N N
Senior Community Y/N N
Open Parking Spaces 0.0
NumberOfUnitsTotal 6
MLS Area CS - Corona Del Mar - Spyglass
Lot Size Units SquareFeet
Lot Size Square Feet 5310.0
Private Pool N
Waterfront Y/N N
Carport Spaces 0.0
Carport Y/N N
Terms Cash CashtoNewLoan
Spa Features None
Land Lease Y/N N
Home Warranty Y/N N
Trash Expense 600.0
Water Sewer Expense 2400.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Virtual Tour https://my.matterport.com/show/?m=TvT4nwBHnGV
Days on Market 14
Building Area Units SquareFeet
Standard Status ActiveUnderContract
Year Built Source Assessor
Tax Lot 12
Property Sub Type Additional Triplex
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Interior
Flooring Wood
Fireplace Features FamilyRoom
Total Stories 2
Common Walls Item2CommonWalls
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N Y
Laundry Features CommonArea LaundryRoom
Entry Level 1
Electric On Property Y/N N
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Exterior
Parking Features GarageFacesRear
Lot Features FrontYard Garden
Water Source Public
Total Parking 6.0
Lot Size Area 5310.0
Number of Buildings 2
Spa N
Building Area Total 2250.0
Lot Size Acres 0.1219
Lot Size Source Assessor
Number of Separate Water Meters 2
Number of Separate Gas Meters 6
Number of Separate Electric Meters 6
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 614
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* Excluded Features
List By
Old Newport Realty

Broker

(949) 298-4888

Phone

Affordability Calculator

$25,124
Per Month
100%
0%
0%
Monthly Principal & Interest
$25,124
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/7/2024$2,795,000 Listed Price

Map


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614 Marguerite Avenue, Corona del Mar, CA, 92625 is a Multi-Family Home for sale at $4,195,000 with 2,250 sqft and a lot size of 0.1219. 614 Marguerite Avenue has 4 bedrooms, 1.0 baths, and was built in 1947. The property's zip code is 92625 which is in Corona del Mar, CA