613 Marigold Avenue Corona Del Mar, CA 92625
Welcome to 613 Marigold Avenue, a charming duplex built in 1973 that’s nestled in the heart of Corona del Mar's vibrant Village. PRIME LOCATION: Situated on a much-sought-after, quiet, tree-lined street with excellent walkability, just a few short blocks to downtown Corona del Mar and the beach. SPACIOUS LIVING: Both units are mirror images of each other, featuring 3 spacious bedrooms and 3 bathrooms. Each unit is filled with plenty of natural light, beamed ceilings and fireplaces in the family rooms, and cathedral ceilings in all bedrooms. FRONT UNIT: Double-wide French doors in the family room seamlessly blend indoor and outdoor spaces, leading to a fenced-off private courtyard that’s perfect for entertaining and breathing in the ocean breeze. BACK UNIT: Features an expansive rooftop deck over the garage, facing west to capture those beautiful sunsets and cotton-candy skies. INVESTORS: This exceptional property is competitively priced...and offers an array of possibilities; whether you're looking to redevelop into two condos, enjoy one unit while renting out the other, or simply invest in a prime coastal location. It’s a perfect “hybrid property” giving the investor the option to renovate now and rent out each unit between $6K-$8K per month, depending on the extent of the remodel. Proforma setup showing 4% cap rate is available upon request. Alternatively, it may be more suitable to tear-down and rebuild sometime in the future allowing for a bigger payout to the investor…ideally if/when interest rates, labor & material costs decline. NOTE: This duplex is being offered for sale as-is and represents a rare gem in a highly desirable location. Don't miss this opportunity to own a piece of coastal luxury in Corona del Mar. Contact us today to explore the potential of this versatile property! Showings will be scheduled with qualified offers by appointment only. Please do not disturb tenants.
- Property TypeMulti-Family
- NeighborhoodCorona Del Mar North of Pch (Cnhw)
- CountyOrange
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site8 Days
- MLS StatusActive
- MLS ID NumberOC24117204
- Home Size Source Assessor
- Year Built1973
- Lot Size0.0801 Acres
- Full Baths2
- Partial Baths2
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General Features
- Parking GarageStreet
- Parking Spaces 2
- Sewer Public Sewer
- Number of Stories 22
- Acreage 0.0801
- Water Public
- Property Sub Type Duplex
- Garage Spaces 2
- Attached Garage No
- Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
- Listing Conditions Standard
Interior Features
- Cooling None
- Heating Fireplace(s)Forced Air
- Appliances DishwasherDisposalGas OvenGas CooktopGas Water HeaterMicrowaveWater Heater
- Interior Beamed CeilingsCathedral Ceiling(s)Ceiling Fan(s)Granite CountersTile Counters
- Fireplace Features Family RoomElectric
- Laundry Features Gas Dryer HookupIn GarageWasher Hookup
- Fireplace Yes
Exterior Features
- Roof Composition
- View None
- Fencing VinylWood
- Spa No
- Pool Features None
- Spa Features None
- Lot 0-1 Unit/ Acre
- Patio And Porch Front PorchRoof Top
Community Features
- Association Dues 0
- Community Features CurbsSidewalksStorm Drains
- Senior Community No
- MLS Area CS - Corona Del Mar - Spyglass