617 Iris AVE new

Corona Del Mar,CA 92625

$ 3200000

- Bed

- Bath

- SqFt


Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Subdivision Corona Del Mar North Of Pch (Cnhw)

MLS Listing ID NP25139099

HOA Y/N No

Rental Info Short Term Lease

Year Built 1965

Lot Size 3,310 Sqft

Lot Dimensions Estimated

Property Sub-Type Duplex

Property Description

Exceptional Duplex Opportunity in Coveted Corona Del Mar – R2 Zoned
Don't miss this rare opportunity to own a beautifully maintained R2-zoned duplex in the heart of Corona Del Mar. This versatile property features two spacious units, each offering four bedrooms across two stories, ideal for short-term rental income, long-term tenants, or future redevelopment into luxury condos or a spectacular custom home.
Property Highlights:
Two Fully Furnished Units – Each unit includes 4 bedrooms and 2 bathrooms with expansive, open-concept living spaces.
Permitted Short-Term Rental – Operates successfully as a fully furnished STR with city permits already in place.
Modern Comforts – Near-new air conditioning, forced-air furnaces, double-pane Milgard windows and sliders, and two high-speed EV charging stations.
Green Energy Ready – Two separate sets of solar panels help minimize utility costs.
Outdoor Living – Front unit features a large private patio with brand-new decking and elegant wrought iron railing—perfect for entertaining or relaxing.
Garage & Parking – Shared double garage with ample additional street parking.
Prime Location – Walking distance to Grant Howald Park and the Community Youth Center; just minutes to the beach, top-rated schools, fine dining, shops, and services.
Spacious and Comfortable Living
Each unit offers generously sized bedrooms, including large master suites, and flowing floor plans ideal for families or group rentals. Natural light floods the interiors, enhancing the home's coastal charm.
Whether you're an investor seeking turnkey rental income, a developer looking for your next project, or a homeowner envisioning a dream estate in one of Newport Beach's most desirable neighborhoods—this property delivers.

Location

State CA

County Orange

Area Cs - Corona Del Mar - Spyglass

Interior

Interior Features Ceiling Fan(s),Cathedral Ceiling(s),Furnished,High Ceilings,Open Floorplan,All Bedrooms Up

Heating Forced Air

Cooling Central Air

Flooring Laminate,Tile

Fireplaces Type Electric

Fireplace Yes

Appliance Built-In Range,Dishwasher,Gas Cooktop,Disposal,Gas Water Heater,Water Heater

Laundry Washer Hookup,Gas Dryer Hookup,Inside

Exterior

Exterior Feature Rain Gutters

Parking Features Garage

Garage Spaces 2.0

Garage Description 2.0

Fence None

Pool None

Community Features Biking,Curbs,Hiking,Park,Storm Drain(s),Sidewalks

Utilities Available Electricity Connected,Natural Gas Connected,Water Connected

Roof Type Composition

Accessibility Parking,Accessible Doors

Total Parking Spaces 2

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Mid-Century Modern

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 45905220

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash,Cash to New Loan,1031 Exchange

Listing Terms Cash,Cash to New Loan,1031 Exchange

Special Listing Condition Standard

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