$2,050,000
SOLD MAR 6, 2017

2516 Bayside Dr Corona Del Mar, CA 92625

Corona Del Mar Neighborhood
2 Beds
2 Baths
2,388 Sq Ft
3,540 Sq Ft Lot

Recently Sold

$858 Per Sq Ft

29% Below List Price

191 Days on Market

Highlights

  • Landscaped
  • Harbor View Elementary School Rated A
  • 1-minute walk to Begonia Park

About This Home

As of March 2017

The property, located at 2516 Bayside Drive is a 2+1* unit investment property comprised of 2, upstairs 2-bedroom/1.75-bath units and 1, downstairs non-conforming studio unit, located in the Corona del Mar neighborhood of Newport Beach, California. With fantastic amenities and walkable access (78 Walk Score) to the heart of Corona del Mar’s unique selection of shopping, dining, and entertainment destinations. Units include balconies with ocean views, washers and dryers and garage parking.

*Studio unit is non-conforming.

Last Agent to Sell the Property

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 07/27/2016

Co-Listed By

Kurt Hediger

Marcus & Millichap RE Invest License #01846649

Last Buyer's Agent

Michelle Ultimo Hall

Ultimo Properties, Inc. License #01031639

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 3,540 Sq Ft Lot
  • No Common Walls
  • Landscaped

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage

Interior Spaces

  • 2,388 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 1 / 331
  • Tax Tract Number 186
  • Assessor Parcel Number 45911410

Community Details

Overview

  • 3 Units

Building Details

  • 1 Leased Unit
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Electric Expense $625
  • Gardener Expense $900
  • Insurance Expense $525
  • Maintenance Expense $1,000
  • Other Expense $500
  • Trash Expense $625
  • Water Sewer Expense $625
  • New Taxes Expense $26,201
  • Operating Expense $31,611
  • Gross Income $9,025
  • Net Operating Income $73,440

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Corona del Mar South of PCH (CDMS)
  • Water Sewer Expenses: 625.00
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 45911410
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 858.46

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 625.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 3540.00
  • Price Per Lot Square Foot: 762.71

Multi Family

  • Electric Expense: 625.00
  • Gross Income: 9025.00
  • Gross Operating Income: 105051.00
  • Gross Scheduled Income: 108300.00
  • Insurance Expense: 525.00
  • Maintenance Expense: 1000.00
  • Net Operating Income: 73440.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 1
  • Number Of Units Total: 3
  • Operating Expense: 31611.00
  • Other Expense: 500.00
  • Other Expense Description: Reserves
  • Rent Control: No
  • Total Actual Rent: 1100.00
  • Total Expenses: 31611.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 26201.00
  • Tax Block: 331
  • Tax Lot: 1
  • Tax Tract Number: 186

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2025 06/20/25 For Rent $4,900 0.0% --
06/10/2025 06/10/25 For Sale $4,995,000 -13.1% $1,959 / Sq Ft
05/07/2025 05/07/25 Off Market $5,750,000 -- --
04/15/2025 04/15/25 For Sale $5,750,000 0.0% $2,255 / Sq Ft
01/24/2024 01/24/24 Rented $4,200 0.0% --
01/24/2024 01/24/24 Off Market $4,200 -- --
01/22/2024 01/22/24 For Rent $4,200 +17.2% --
06/04/2019 06/04/19 Rented $3,585 +1.7% --
05/30/2019 05/30/19 Price Changed $3,525 +0.7% $3 / Sq Ft
05/29/2019 05/29/19 For Rent $3,500 +4.2% --
04/25/2017 04/25/17 Rented $3,360 +1.8% --
03/24/2017 03/24/17 For Rent $3,300 0.0% --
03/06/2017 03/06/17 Sold $2,050,000 -16.3% $858 / Sq Ft
12/02/2016 12/02/16 Price Changed $2,450,000 -9.3% $1,026 / Sq Ft
09/06/2016 09/06/16 Price Changed $2,700,000 -6.9% $1,131 / Sq Ft
07/27/2016 07/27/16 For Sale $2,900,000 -- $1,214 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Leo Goldschwartz

    Seller's Agent in 2025

    Leo Goldschwartz

    Coldwell Banker Realty

    (714) 719-0670

    4 in this area

    63 Total Sales

    Leo Goldschwartz
    Section Image
  • Michelle Ultimo Hall

    Seller's Agent in 2024

    Michelle Ultimo Hall

    Ultimo Properties, Inc.

    (949) 307-0626

    1 in this area

    12 Total Sales

    Michelle Ultimo Hall
    Section Image
  • Tyler Leeson

    Seller's Agent in 2017

    Tyler Leeson

    Marcus & Millichap RE Invest

    (949) 419-3200

    145 Total Sales

    Tyler Leeson
    Section Image

  • K

    Seller Co-Listing Agent in 2017

    Kurt Hediger

    Marcus & Millichap RE Invest

    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16164221

California Regional Multiple Listing Service (CRMLS)

APN: 459-114-10

California Orange County Corona Del Mar 92625 Corona Del Mar

2516 Bayside Dr, Corona Del Mar, CA

This home is located at 2516 Bayside Dr, Corona Del Mar, CA 92625 and is currently priced at $2,050,000, approximately $858 per square foot. This property was built in 1972. 2516 Bayside Dr is a home located in Orange County with nearby schools including Harbor View Elementary School, Corona del Mar Middle and High School, and Harbor Day School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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