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Nicole Van Parys & Gary Nesen

nicole.vanparys@engelvoelkers.com +1(805) 795-1880

Listed by Ernie Caponera • Newport Properties

$ 3,200,000

Est. payment -/mo

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617 Iris Avenue Corona Del Mar, CA 92625

3,620 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,620 sqft

Price per Sqft $883

Subdivision Corona Del Mar North Of Pch

MLS Listing ID NP-25139099

Style Mid Century Modern

Year Built 1965

Lot Size 3,311 Sqft

Property Sub-Type Duplex

Property Description

Exceptional 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.

Location

State CA

County Orange

Area Cs - Corona Del Mar - Spyglass

Interior

Interior Features Copper Plumbing Full, Ceiling Fan(s), Cathedral Ceiling(s), Furnished, High Ceilings, Open Floorplan

Heating Forced Air

Flooring Laminate, Tile

Fireplaces Type Electric

Laundry Gas Dryer Hookup, Inside, Washer Hookup

Exterior

Exterior Feature Rain Gutters

Parking Features Garage

Garage Spaces 2.0

Pool None

Community Features Biking, Curbs, Hiking, Park, Sidewalks, Storm Drains

Utilities Available Water Connected, Electricity Connected, Natural Gas Connected

Building

Lot Description 0-1 Unit/Acre

Sewer Public Sewer

Nicole Van Parys & Gary Nesen

License Partners, Private Office Advisors | License ID: 01108944

+1(805) 795-1880

Nicole Van Parys & Gary Nesen

617 Iris Avenue Corona Del Mar, CA 92625

Key Details

Location

Interior

Exterior

Building

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617 Iris Avenue