705 Iris Avenue, Corona Del Mar, CA 92625

$3,395,000 Asking Price

5 beds
4 baths
2,350  sqft
Built in 1950

Triplex nestled in the vibrant heart of Corona del Mar Village! 705 Iris an investor's dream with its prime location just steps to restaurants, parks, sporting facilities and schools. Take a relaxing stroll over the picturesque Goldenrod Foot Bridge and you'll find yourself at the beach in 15 minutes. This triplex consists of two separate buildings which grants you the opportunity to live in one unit and rent out the others for additional income. The first building is a 2 bed/2 bath front unit which is perched on the elevated side of the street creating an abundance of natural light. At approximately 1050 sqft, this fully remodeled unit features beautiful wide plank hardwood floors, a modern kitchen with high end appliances and quartz countertops, spacious bedrooms and tastefully appointed bathrooms. The living area seamlessly transitions to the large patio through folding doors, creating fabulous indoor/outdoor living. The second building features a 2 bed/1 bath unit on the upper level and a ground level studio below. At approximately 950 sqft, the upper unit has an efficient layout highlighted by living area French Doors opening up to a generous balcony which boasts spectacular neighborhood views. This light and bright unit has a spacious kitchen with butcher's block countertops and pantry, plenty of storage and high ceilings. The studio has new laminate flooring, large closet and kitchenette with a cooktop. Both the front and upper unit's have a one car garage with washer and dryer included. Other nearby amenities include tennis & basketball courts, soccer field, childre

Features & Amenities

Interior

General:
Beamed Ceilings,Recessed Lighting
Laundry:
Garage
Flooring:
Wood
A/C:
N/K
Heating:
Forced Air Unit
Fireplace:
FP in Living Room,Gas
Disability Feature:
2+ Access Exits

Exterior

General:
Stucco
Pool:
None
Parking:
Parking spaces: 2

Construction

Roofing:
Tile/Clay,Shingle
General:
2 Story

Location

HOA Amenities:
0.0
Originating MLS:
California Regional MLS
County:
Orange

Lot

Zoning:
45904213
View:
Neighborhood

Utilities

Utilities:
Electricity Connected,Natural Gas Connected,Sewer Connected
Water:
Public
Sewer:
Public Sewer

Financial

Source:
California Regional MLS

This listing courtesy of:
O'Shaughnessy Group Real Estate, Brett Lucas

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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