705 Orchid AVE Active Save Request In-Person Tour Request Virtual Tour
Corona Del Mar,CA 92625
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,967 sqft
Price per Sqft $1,110
Subdivision Corona Del Mar North Of Pch (Cnhw)
MLS Listing ID OC24196512
Bedrooms 5
Full Baths 5
Year Built 1969
Lot Size 3,384 Sqft
Property Description
Welcome to the gorgeous seaside community of Corona Del Mar! World class shopping, entertainment & dining, coupled with beautiful weather all year 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 two car garage, a lovely central courtyard separating the front and rear units, and community laundry in the 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.
Location
State CA
County Orange
Area Cs - Corona Del Mar - Spyglass
Interior
Cooling None
Fireplaces Type Family Room
Laundry In Garage
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Curbs,Sidewalks,Water Sports
View Y/N No
View None
Building
Lot Description Landscaped
Dwelling Type Duplex
Story 2
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Newport Mesa Unified
Others
Acceptable Financing Cash,Cash to New Loan,Conventional
Listing Terms Cash,Cash to New Loan,Conventional
Special Listing Condition Standard