$1,555,000
SOLD APR 27, 2012
-- Bed
-- Bath
4,000 Sq Ft
2,818 Sq Ft Lot

Recently Sold

$389 Per Sq Ft

7% Below List Price

167 Days on Market

Highlights

  • Ocean View
  • Ocean Side of Freeway
  • Balcony
  • Harbor View Elementary School Rated A
  • Wood Flooring
  • 1-minute walk to Begonia Park

About This Home

As of May 2025

Corona del Mar duplex on the ocean side of Pacific Coast Highway. This property is perfect for an investor or owner/tenant situation. Each unit is approximately 2,000 square feet offering 3 bedrooms, 2.5 baths and a large living room with fireplace and open kitchen to a family room with el fresco dining. The upper unit is light and bright and offers a nice view of the ocean from the balcony. The kitchen features all stainless steel appliances. Newly painted and trim added, new lighting and wood flooring as well. The lower unit features a large front patio screened by lush vegetation for a private setting perfect for relaxing or entertaining. The lower unit features the same spacious floor plan as the upper unit 3 bedrooms and 2.5 baths. The rent for each unit would be approx. $3,500/month. Live like you re on vacation and relish in all that Corona del Mar has to offer. This opportunity is one of the lowest priced PSF homes available in the blissful Village of Corona del Mar.

Last Agent to Sell the Property

Eliisa Stowell

Surterre Properties Inc. License #01397481 Listed on: 10/18/2011

Surterre Properties Inc.

Co-Listed By

Cora Berkery

Coldwell Banker Realty License #01415774

Last Buyer's Agent

Cassie Hammond

Surterre Properties Inc. License #01264839

Surterre Properties Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1973

Lot Details

  • 2,818 Sq Ft Lot
  • Lot Dimensions are 30x118

Property Views

  • Ocean
  • Harbor

Home Design

  • 4,000 Sq Ft Home
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Stucco

Kitchen

  • Gas Oven or Range
  • Range
  • Microwave
  • Dishwasher
  • Tile Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Laundry

  • Laundry in Kitchen

Parking

  • 2 Car Garage
  • Rear-Facing Garage

Outdoor Features

  • Ocean Side of Freeway
  • Balcony

Utilities

  • Central Heating
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection, water
  • Legal Lot and Block 12 / 431
  • Tax Tract Number 186
  • Assessor Parcel Number 45911105

Community Details

Overview

  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Net Operating Income $86,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 5.43
  • View: Yes
  • Property Type: Residential Income
  • Parcel Number: 45911105
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony, Tile Counters
  • Flooring: Carpet, Tile, Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 388.75

Exterior Features

  • View: Harbor, Ocean
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Parking: No
  • Parking Features: Garage Faces Rear
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Heating: No
  • Laundry: No
  • Appliances: Dishwasher, Gas Cooking, Disposal, Microwave, Range, Refrigerator
  • Heating Type: Central
  • Laundry Features: In Kitchen
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 30x118
  • Lot Size Sq Ft: 2818.00
  • Lot Size Acres: 0.0650

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection, Water

Multi Family

  • Average3 Bed Area: 2000
  • Gross Multiplier: 18.21
  • Gross Scheduled Income: 87600.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 2818.0000 Square Feet
  • Net Operating Income: 86600.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Disposal: 2
  • Number With Patio: 3
  • Number With Refrigerator: 2
  • Operating Expense: 1000.00
  • Waterfront Features: Ocean Side of Freeway

Tax Info

  • Tax Area: 07001
  • Tax Block: 431
  • Tax Lot: 12
  • Tax Tract Number: 186

Range of Values:

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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
05/27/2025 05/27/25 Sold $4,410,000 -2.0% $1,103 / Sq Ft
05/10/2025 05/10/25 Pending -- -- --
05/07/2025 05/07/25 For Sale $4,500,000 0.0% $1,125 / Sq Ft
09/01/2024 09/01/24 Rented $9,000 0.0% --
07/25/2024 07/25/24 For Rent $9,000 0.0% --
07/23/2024 07/23/24 Sold $4,100,000 0.0% $1,025 / Sq Ft
07/23/2024 07/23/24 Sold $4,100,000 -8.8% $1,025 / Sq Ft
07/17/2024 07/17/24 Pending -- -- --
07/17/2024 07/17/24 Pending -- -- --
05/29/2024 05/29/24 For Sale $4,495,000 0.0% $1,124 / Sq Ft
05/29/2024 05/29/24 For Sale $4,495,000 0.0% $1,124 / Sq Ft
07/07/2014 07/07/14 Rented $8,000 -5.9% --
06/07/2014 06/07/14 Under Contract -- -- --
04/10/2014 04/10/14 For Rent $8,500 +102.4% --
07/31/2013 07/31/13 Rented $4,200 -6.7% --
07/31/2013 07/31/13 Under Contract -- -- --
06/07/2013 06/07/13 For Rent $4,500 0.0% --
04/27/2012 04/27/12 Sold $1,555,000 -7.4% $389 / Sq Ft
04/02/2012 04/02/12 Pending -- -- --
10/18/2011 10/18/11 For Sale $1,679,000 -- $420 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: U11004426

California Regional Multiple Listing Service (CRMLS)

APN: 459-111-05