308 Marguerite Avenue

    Corona Del Mar, CA 92625
    • $2,795,000
    • STATUS: Active
    • ON SITE: 102 days
    • ID#: NP18076603
    UPDATED: 41 min ago
    $2,795,000
    • 0
      BEDS
    • 0.08
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,749
      SQFT
    • $1,017
      $/SQFT
    Type:
    Multi-Family
    Built:
    1955
    County:

    School Ratings & Info

    Description

    HIGHLY PROFITABLE Corona del Mar triplex situated in a premier location of the Village just 1 short block to the beach and nearby local shops and restaurants. For builders: Being set on Marguerite allows for unique setbacks and fascinating views +GG supplying favored accommodations for a Corona del Mar builder +GG neighboring properties have provided record sales. For investment property owners: The property rates as a five-star on main stream rental sites and generates a high annual income amount. Rent the property while planning and permitting process is underway. All three units have been upgraded with designer finishes. This is a rare opportunity as very few triplexes exist in the village. The single-story front unit, is equipped with 2 bedrooms; 1 bathroom; fireplace; hardwood floors; and welcomes you with an ocean-view, front patio. The single story middle unit offers 1 bedroom; 1 bathroom; and a spacious side patio. The rear upper unit, boasts 2 bedrooms; 1 bathroom; hardwood floors, open floor plan and peek-a-boo ocean views. The property offers a large laundry room and storage area to the tenants of the triplex, along with a three-car garage. Units rent immediately with multiple applicants and have very low vacancy, if any.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-17T22:28:53.15. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.amazingtemeculahomes.com/homes/82316444

    308 Marguerite Avenue Corona Del Mar, CA 92625

    • Price: $2,795,000
    • Status: Active
    • Updated: 41 min ago
    • ID#: NP18076603
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.08
    Acres
    2,749
    SQFT
    $1,017
    $/SQFT
    1955
    Built
    Neighborhood:
    Corona Del Mar South Of Pch (Cdms)
    County:
    Orange
    Area:
    CS - Corona Del Mar - Spyglass
    Property Description
    HIGHLY PROFITABLE Corona del Mar triplex situated in a premier location of the Village just 1 short block to the beach and nearby local shops and restaurants. For builders: Being set on Marguerite allows for unique setbacks and fascinating views +GG supplying favored accommodations for a Corona del Mar builder +GG neighboring properties have provided record sales. For investment property owners: The property rates as a five-star on main stream rental sites and generates a high annual income amount. Rent the property while planning and permitting process is underway. All three units have been upgraded with designer finishes. This is a rare opportunity as very few triplexes exist in the village. The single-story front unit, is equipped with 2 bedrooms; 1 bathroom; fireplace; hardwood floors; and welcomes you with an ocean-view, front patio. The single story middle unit offers 1 bedroom; 1 bathroom; and a spacious side patio. The rear upper unit, boasts 2 bedrooms; 1 bathroom; hardwood floors, open floor plan and peek-a-boo ocean views. The property offers a large laundry room and storage area to the tenants of the triplex, along with a three-car garage. Units rent immediately with multiple applicants and have very low vacancy, if any.
    Exterior Features

    Architectural Style CottageTraditional Entry Level 1 Garage Spaces 3.00 Lot Features Near Public TransitPark NearbyPatio HomeWalkstreet Lot Size Dimensions 30X118 Lot Size Units Square Feet Parking Features GarageGarage - Rear Entry Parking Total 3.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type Alley View City LightsOceanPeek-A-BooWater View YN Yes Waterfront Features Across The Road From Lake/OceanBeach AccessOcean Side Of FreewayOcean Side Of Highway 1

    Interior Features

    Appliances Free Standing RangeGarbage DisposalGas OvenGas RangeMicrowaveRefrigerator Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area 840 Average1 Bed Area Units Square Feet Average2 Bed Area 955 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common WallsNo One AboveNo One Below Cooling Wall Window Cooling YN Yes Fireplace Features Living RoomSee Remarks Fireplace YN Yes Flooring Wood Heating Wall HeaterFireplace Heating YN Yes Interior Features Built-InsCeiling FanGranite CountersOpen Floor Plan Laundry Features Community Levels Two Room Type All Bedrooms DownAll Bedrooms UpLaundryLiving RoomMain Floor Bedroom

    Property Features

    Accessibility Features Customized Wheelchair Accessible Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 0.00 Community Features Curbs Country Us Electric Expense 120.00 Elevation Units Feet Gardener Expense 1020.00 Gross Income 129680.00 Gross Operating Income 0.00 Gross Scheduled Income 132000.00 Insurance Expense 0.00 Land Lease YN No Laundry Income 500.00 Laundry YN Yes Lot Dimensions Source Public Records Maintenance Percent 0.00 Net Operating Income 129180.00 New Taxes Expense 0.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Number Of Units Leased 3 Number Wall AC 3 Number With Disposal 3 Number With Patio 3 Number With Range 3 Number With Refrigerator 3 Operating Expense 2820.00 Other Expense 960.00 Other Expense Description City Pest Control Expense 0.00 Property Condition Updated/Remodeled Property Sub Type Triplex Rent Control YN No Senior Community YN No Special Listing Conditions Standard Subdivision Name Other Corona Del Mar South Of Pch (Cdms) Total Actual Rent 11000.00 Total Expenses 2535.00 Trash Expense 0.00 Water Sewer Expense 435.00 Water Source Public Workmans Compensation Expense 0.00

    Listing provided courtesy of Casey Lesher of Coldwell Banker Res. Brokerage.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-17T22:28:53.15. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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