705 Iris, Corona Del Mar, CA 92625

$3,375,000 Asking Price

5 beds
4 baths
2,350  sqft
Built in 1950

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.

Features & Amenities

Interior

General:
Beamed Ceilings
Laundry:
Garage
A/C:
N/K
Heating:
Forced Air Unit
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:
45904213
View:
Neighborhood

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
California Regional MLS

This listing courtesy of:
Compass, Nicholas Hooper

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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