705 Iris Avenue Corona del Mar, CA ^$ 3,375,000

705 Iris Avenue

^$ 3,375,000

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705 Iris Avenue

Corona del Mar, CA, 92625

^$ 3,375,000

Bedrooms4 Baths4.0 Sq 2,350

Monthly Estimate*

^$ 22,431

Listed by O'Shaughnessy Group Real Estate

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Multi-Family Home for sale in Corona del Mar, CA

for $3,375,000 with 4 bedrooms and 4 full baths. This 2,350 square foot home was built in 1950 on a lot size of 0.08.

Centrally located in the Village of Corona del Mar, 705 Iris offers a wealth of possibilities! Currently configured as a triplex, the property could be a consistent income generator for the new owner. The main residence consists of two bedrooms and two bathrooms. The updated kitchen is open to a living room where natural light pours in, and a charming fireplace sits ready to warm coastal nights. The spacious living area that opens to a large front patio via a wall of folding doors. The rear cottage sits above the two car garage and consists of two bedrooms and one bathroom. The third unit is a large, ground level studio. Although immensely livable as-is - the property is primed for redevelopment. Located just minutes to beautiful beaches, shopping, and award winning restaurants. This alluring cottage style home is ready for any number of living options.

Multi-Family Active

Price

^$ 3,375,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Triplex

Lot Size

0.08

Year Built

1950

Town/City

Corona del Mar

County/Region

Orange

MLS | Web ID

OC24065122

Days on Market

Features

General

Interior Features BeamedCeilings Balcony HighCeilings LivingRoomDeckAttached RecessedLighting Unfurnished

Sewer PublicSewer

Heating ForcedAir Fireplaces

Cooling None

Utilities CableAvailable ElectricityConnected NaturalGasConnected PhoneAvailable SewerConnected WaterConnected

Possession CloseOfEscrow

Roof Shingle

Appliances Dishwasher FreeStandingRange Disposal Refrigerator Dryer Washer

HOA 0.0

Garage Spaces 2.0

Pool Features None

Construction Materials Stucco

Year Built 1950

Electric Item220VoltsinGarage

Tenant Pays AllUtilities

View Neighborhood

Stories 1

Levels One Two

Property SubType Triplex

Gross Income 0.0

Community Features Suburban Sidewalks

Accessibility SafeEmergencyEgressfromHome

County Orange

Net Operating Income 0.0

Operating Expense 0.0

Insurance Expense 300.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Subdivision Name Corona del Mar North of PCH (CNHW)

Garage Y/N Y

Special Listing Conditions Standard

Status Active

Directions Driving north on PCH take right onto IRIS

City Corona del Mar

Entry Location Front & Rear

View Y/N Y

Senior Community Y/N N

NumberOfUnitsTotal 3

MLS Area CS - Corona Del Mar - Spyglass

Lot Size Units SquareFeet

Lot Size Square Feet 3485.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Number of Units Leased 0

Street Name Iris

Listing Terms CashtoExistingLoan CashtoNewLoan

Spa Features None

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 1440.0

Home Warranty Y/N N

Current Financing None

Fuel Expense 0.0

Property Condition UpdatedRemodeled

Trash Expense 720.0

Water Sewer Expense 1200.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 52

Building Area Units SquareFeet

Standard Status Active

Year Built Source PublicRecords

Tax Lot 5

Total Actual Rent 0.0

Property Sub Type Additional Triplex

Interior

Flooring Carpet Laminate Wood

Fireplace Features FamilyRoom

Total Stories 2

Common Walls Item1CommonWall

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Window Features CustomCoverings

Fireplace Y/N Y

Street Suffix Avenue

Laundry Features InGarage

Entry Level 1

Electric On Property Y/N N

Exterior

Parking Features Garage GarageFacesRear

Lot Features Item01UnitAcre

Water Source Public

Total Parking 2.0

Lot Size Area 3485.0

Foundation Details Slab

Number of Buildings 2

Spa N

Building Area Total 2350.0

Lot Size Acres 0.08

Road Surface Type Paved

Lot Size Source Assessor

Door Features FrenchDoors

Number of Separate Water Meters 2

Number of Separate Gas Meters 2

Number of Separate Electric Meters 2

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 705

* Excluded Features

List By

O'shaughnessy Group Real Estate

Broker

(949) 378-3075

Phone

Affordability Calculator

$22,431

Per Month

Monthly Principal & Interest: $22,431
Monthly Property Taxes: --
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% 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

Trends
Schools

Multi-family listings in Corona del Mar, CA

Average List Price ^$3,630,725

Percent of Sale Price 8%

About Corona del Mar, CA

12,568 Population

-3% Since 2002

^$142,922 Median Income

51.71 Median Age

15% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/4/2024	$3,375,000		Listed Price

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705 Iris Avenue, Corona del Mar, CA, 92625 is a Multi-Family Home for sale at $3,375,000 with 2,350 sqft and a lot size of 0.08. 705 Iris Avenue has 4 bedrooms, 4.0 baths, and was built in 1950. The property's zip code is 92625 which is in Corona del Mar, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% 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.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 6/1/2024. 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.

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705 Iris Avenue

Multi-Family Home for sale in Corona del Mar, CA

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