705 Orchid Avenue Corona Del Mar, CA 92625
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.
- Property TypeTownhouse
- NeighborhoodN/A
- CountyOrange
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site24 Days
- MLS StatusActive
- MLS ID NumberOC24098930
- Home Size Source N/A
- Year Built1969
- Lot Size0.0777 Acres
- Full Baths5
- Partial BathsN/A
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General Features
- Parking Garage Spaces 2
- Sewer Public Sewer
- Terms Lease OptionCash To New Loan
- Stories 2 Story
Interior Features
- Additional Rooms KitchenLiving RoomEntry
- Cooling N/K
Exterior Features
- Water Public
- Pool N/K
- View N/K
Community Features
- Sales Restrictions Standard
- Laundry Location CommunityGarage
- Neighborhood N. of PCH