$3,395,000
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705 Orchid Avenue Corona del Mar, CA 92625
Duplex
Residence
5
Beds
5
Baths
...
Bed/Bath
2,967
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
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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.
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MLS#
OC24098930
Property Type
Duplex
Bedrooms
5
Bathrooms
5 Full
Year Built
1969
Square Feet
2,967
sq. ft
Lot Size
0.08
Stories
2.0
Sewer
Public Sewer
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Source: Walk Score®
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