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31
Photos
705 Orchid Avenue, Corona Del Mar, CA 92625
$3,395,000 Asking Price
$---/mo Est. Payment Get Prequalified »
5
beds
5
baths
2,967
sqft
Built in
1969
Welcome to the gorgeous seaside community of Corona Del Mar, where the allure of luxurious beach living coupled with world class shopping & dining, makes this coastal paradise extremely attractive to discerning homebuyers, capable developers, and savvy investors! Just a few short blocks to downtown CDM & to the beach, this beautiful duplex offers two spacious units: A 3 bedroom 3 bathroom in the picture-perfect front cottage, and 2 bedrooms & 2 bathrooms in the rear unit. The property has a lovely central courtyard separating the front and rear units, and community laundry in the two car garage (separate hookups for each unit). The property is being sold as-is. From a re-development perspective, the subject property is an ideal candidate for redevelopment. The city of Newport Beach launched an incentive program for the preservation of beach cottages on January 25, 2022, which allows owners to build substantial additions (up to 50 percent of the existing floor area or a maximum of 750 square feet) without providing the minimum code-required parking. Only the structure affected by the renovation/addition will have to comply with current building code standards. Refer to city website for more details.
Features & Amenities
Interior
- Laundry:
- Community,Garage
- A/C:
- N/K
- Fireplace:
- FP in Living Room
Exterior
- Pool:
- None
- Parking:
- Parking spaces: 2
Construction
- General:
- 2 Story
Location
- HOA Amenities:
- 0.0
- Originating MLS:
- California Regional MLS
- County:
- Orange
Lot
- Zoning:
- 45907213
- View:
- N/K
Utilities
- Water:
- Public
- Sewer:
- Public Sewer
Financial
- Source:
- California Regional MLS
This listing courtesy of:
Anchor West Properties, Inc., James Vanar
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Corona del Mar, CA
Housing
- Number of Units
- 6,389
- Median Home Value
- $1,208,848
- Median Rent
- $2,070
35.33% of housing units are renter occupied.
12.81% are vacant.
Commute
- Car
-
46.70%
- Public Transportation
-
0.00%
- Walk to Work
-
0.70%
- Work from Home
-
52.46%
- Other
-
0.02%
The median travel time to work is 11 minutes.
People
- Population
- 11,606
- Median Age
- 54.50
- Median Household Size
- 2.35
Education
- High School
-
6.68%
- Associate’s Degree
-
6.04%
- Bachelor’s Degree
-
40.15%
- Graduate Degree
-
31.66%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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