Seller's Agent in 2025
Ernie Caponera
Newport Properties
(714) 606-0926
3 in this area
20 Total Sales
617 Iris Ave Corona Del Mar, CA 92625
Corona Del Mar Neighborhood
8
Beds
6
Baths
3,620
Sq Ft
3,311
Sq Ft Lot
Highlights
- Open Floorplan
- Midcentury Modern Architecture
- Furnished
- Harbor View Elementary School Rated A
- Cathedral Ceiling
- 2-minute walk to Community Youth Center & Grant Howald Park
About This Home
As of July 2025Exceptional 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.
Last Agent to Sell the Property
Newport Properties Brokerage Phone: 714-606-0926 License #00781214 Listed on: 06/22/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1965
Lot Details
- 3,311 Sq Ft Lot
- Lot Dimensions are 30x110
- 1 Common Wall
- Density is up to 1 Unit/Acre
Parking
- 2 Car Garage
- Parking Available
Home Design
- Duplex
- Midcentury Modern Architecture
- Entry on the 1st floor
- Slab Foundation
- Frame Construction
- Composition Roof
- Copper Plumbing
- Stucco
Interior Spaces
- 3,620 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Furnished
- Cathedral Ceiling
- Ceiling Fan
- Electric Fireplace
- Double Pane Windows
- Window Screens
- Great Room
- Family Room
- Living Room
Kitchen
- Built-In Range
- Dishwasher
- Disposal
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 8 Bedrooms
- All Upper Level Bedrooms
- 6 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Accessible Home Design
- Doors are 32 inches wide or more
- Accessible Parking
Outdoor Features
- Rain Gutters
Utilities
- Forced Air Heating and Cooling System
- 220 Volts in Garage
- Natural Gas Connected
- Gas Water Heater
Listing and Financial Details
- Legal Lot and Block 17 / 635
- Tax Tract Number 186
- Assessor Parcel Number 45905220
- $547 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 2 Units
- Corona Del Mar North Of Pch Subdivision
Recreation
- Park
- Hiking Trails
- Bike Trail
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $2,592
- Gardener Expense $1,140
- Insurance Expense $4,300
- Other Expense $3,831
- Trash Expense $140
- Water Sewer Expense $919
- Operating Expense $12,782
- Gross Income $129,200
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 22, 2025
Closed on
Sep 2, 2025
Sold by
Bought by
Seller's Agent
Ernie Caponera
Newport Properties
Buyer's Agent
Daniel Taylor
Compass
List Price
$3,200,000
Sold Price
$3,220,000
Premium/Discount to List
$20,000
0.62%
Views
7
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,254,000
Interest Rate
6.13%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jun 22, 2025
Closed on
Jul 18, 2025
Sold by
Bought by
Seller's Agent
Ernie Caponera
Newport Properties
Buyer's Agent
Daniel Taylor
Compass
List Price
$3,200,000
Sold Price
$3,220,000
Premium/Discount to List
$20,000
0.62%
Views
7
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,254,000
Interest Rate
6.13%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jun 22, 2025
Closed on
May 29, 2025
Sold by
Bought by
Seller's Agent
Ernie Caponera
Newport Properties
Buyer's Agent
Daniel Taylor
Compass
List Price
$3,200,000
Sold Price
$3,220,000
Premium/Discount to List
$20,000
0.62%
Views
7
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,254,000
Interest Rate
6.13%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 17, 2010
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.76%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Jun 14, 2003
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Listed On Document | ||
| $3,220,000 | First American Title Company | ||
| -- | None Listed On Document | ||
| -- | None Listed On Document | ||
| $1,200,000 | Chicago Title Company | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $2,254,000 | ||
| Previous Owner | $300,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/21/2025 07/21/25 | Sold | $3,220,000 | +0.6% | $890 / Sq Ft |
| 06/29/2025 06/29/25 | Pending | -- | -- | -- |
| 06/22/2025 06/22/25 | For Sale | $3,200,000 | 0.0% | $884 / Sq Ft |
| 12/28/2016 12/28/16 | Rented | $4,700 | -5.1% | -- |
| 11/25/2016 11/25/16 | Price Changed | $4,950 | -4.8% | $3 / Sq Ft |
| 09/27/2016 09/27/16 | For Rent | $5,200 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $16,406 | $1,537,408 | $1,371,944 | $165,464 |
| 2024 | $16,406 | $1,507,263 | $1,345,043 | $162,220 |
| 2023 | $16,019 | $1,477,709 | $1,318,669 | $159,040 |
| 2022 | $15,750 | $1,448,735 | $1,292,813 | $155,922 |
| 2021 | $15,450 | $1,420,329 | $1,267,464 | $152,865 |
| 2020 | $15,302 | $1,405,766 | $1,254,468 | $151,298 |
| 2019 | $14,990 | $1,378,202 | $1,229,870 | $148,332 |
| 2018 | $14,694 | $1,351,179 | $1,205,755 | $145,424 |
| 2017 | $14,435 | $1,324,686 | $1,182,113 | $142,573 |
| 2016 | $14,114 | $1,298,712 | $1,158,934 | $139,778 |
| 2015 | $13,980 | $1,279,205 | $1,141,526 | $137,679 |
| 2014 | $13,651 | $1,254,148 | $1,119,165 | $134,983 |
Source: Public Records
Agents Affiliated with this Home
-
Ernie Caponera
-
Daniel Taylor
Buyer's Agent in 2025
Daniel Taylor
Compass
(949) 484-7620
1 in this area
110 Total Sales
-
Michael caponera
M
Seller Co-Listing Agent in 2016
Michael caponera
Michael Caponera, Broker
(714) 606-0926
2 Total Sales
-
Bob Doorman
Buyer's Agent in 2016
Bob Doorman
Harcourts signature properties
(949) 613-2219
7 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP25139099
APN: 459-052-20
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.
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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