416 Larkspur AVE Corona Del Mar, CA 92625
UPDATED:  
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1895000
/mo

4Beds

4Baths

3001SqFt

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Key Details

Property Type: Multi-Family

Sub Type: Duplex

Listing Status: Active Under Contract

Purchase Type: For Sale

Square Footage: 3,001 sqft

Price per Sqft: $631

Lot Size: 3,484 Sqft

Year Built: 1996

MLS Listing ID: NP21035658

Subdivision: Corona Del Mar North Of Pch (Cnhw)

Bedrooms: 4

Full Baths: 3

Half Baths: 1

Total Units: 2

HOA Y/N: No

Property Description

Lowest priced full lot in the Village by over $200k. This attractive duplex was constructed in 1996 and exhibits a strong rental history. A buyer could grow in-place rents or substantially increase proforma rents through a conservative remodel. The front unit is a 2 bedroom plus loft with 2.5 baths totaling 2,310 square feet. The back unit is a 1 bedroom 1 bath layout totaling 691 square feet. Given the current configuration of the building, one could endeavor to condo the property as well, offering multiple unit sales or owner and tenant occupancy. A complete redevelopment of the property provides a unique opportunity for maximizing square footage on the R2 lot, given the reduced front yard setback North of PCH. Typical lots in the area have 20-foot setbacks, whereas 416 Larkspur benefits from a 10-foot front yard setback, thereby maximizing the buildable square footage. Experience the finest in Corona del Mar living close to area dining such as Zinc, Bandera, and the Quiet Woman. Pristine beaches, Fashion Island, and Newport Center are just moments away.

Location

State: CA

County: Orange

Area: Cs - Corona Del Mar - Spyglass

Rooms

Other Rooms: Living Room,Loft,Main Floor Master Bedroom

Master Bathroom: 2

Main Level Bedrooms: 1

Interior

Laundry: In Closet,Individual Room

Cooling: Central Air

Fireplaces Type: Living Room

Fireplace: Yes

Exterior

Garage: Carport,Direct Garage Access,Garage,Tandem Uncovered

Garage Spaces: 2.0

Pool: None

Community Features: Curbs,Gutters,Sidewalks

View: None

Attached Garage: 1

Building

Lot Description: Front Yard

Dwelling Type: Duplex

Story: 1

Sewer: Public Sewer

Water: Public

Level or Stories: Two

New Construction: No

Schools

School District: Newport Mesa Unified

Others

Senior Community: No

Special Sale: Standard

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Listing provided by  Coldwell Banker Realty

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Nearby School & Properties

School data provided by GreatSchools for your convenience. Please contact schools directly for enrollment eligibility.

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    Windy Ruffini Focus Realty
    Windy Ruffini

    Broker License ID: 01526913

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