Corona Del Mar, CA 92625,613 Marigold Avenue
Corona Del Mar, CA 92625,613 Marigold Avenue
Corona Del Mar, CA 92625,613 Marigold Avenue
Corona Del Mar, CA 92625,613 Marigold Avenue
Corona Del Mar, CA 92625,613 Marigold Avenue
Corona Del Mar, CA 92625,613 Marigold Avenue
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$3,150,000

$3,195,000

1.4%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

6 Beds

4 Baths

2,900 SqFt


SOLD DATE : 07/12/2024

Key Details

Sold Price $3,150,000

Property Type Townhouse

Sub Type Townhome

Listing Status Sold

Purchase Type For Sale

Square Footage 2,900 sqft

Price per Sqft $1,086

MLS Listing ID OC24117204

Sold Date 07/12/24

Style Townhome

Bedrooms 6

Full Baths 2

Half Baths 2

HOA Y/N No

Year Built 1973

Lot Size 3,489 Sqft

Acres 0.0801

Property Description

Welcome to 613 Marigold Avenue, a charming duplex built in 1973 thats 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 thats 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. Its 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 investorideally if/when interest rates, labor & material costs decline. NOTE: This duplex is being offered for sale
Welcome to 613 Marigold Avenue, a charming duplex built in 1973 thats 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 thats 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. Its 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 investorideally 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.

Location

State CA

County Orange

Area Oc - Corona Del Mar (92625)

Interior

Interior Features Beamed Ceilings, Granite Counters, Tile Counters

Fireplaces Type FP in Family Room, Electric

Equipment Dishwasher, Disposal, Microwave, Gas Oven, Gas Stove

Appliance Dishwasher, Disposal, Microwave, Gas Oven, Gas Stove

Laundry Garage

Exterior

Parking Features Garage

Garage Spaces 2.0

Fence Vinyl, Wood

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Roof Type Composition

Total Parking Spaces 2

Building

Lot Description Curbs, Sidewalks

Story 2

Lot Size Range 1-3999 SF

Sewer Public Sewer

Water Public

Level or Stories 2 Story

Others

Monthly Total Fees $44

Acceptable Financing Cash, Conventional, Exchange, Cash To New Loan

Listing Terms Cash, Conventional, Exchange, Cash To New Loan

Special Listing Condition Standard

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San Diego Regional MLS (SDMLS)
Listed by Ramzi Ataya • Engel & Voelkers Newport Beach
Bought with Ramzi Ataya • Engel & Voelkers Newport Beach
agent-avatar

+1(858) 449-1101

theresa@octagonre.com

1420 Kettner Blvd, Suite 100, Diego, CA, 92101, United States

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