Rare Coastal Investment & Dream Build Opportunity in Corona del Mar Perched above Bayside Drive with harbor and ocean views, this rare multi-unit income property offers endless possibilities in one of Coastal Orange County’s most coveted zip codes. Zoned R2 and featuring three well-maintained units, this unique lot also comes with plans set for approval by renowned architect Chris Brandon, showcasing a future architectural masterpiece — a modern coastal home with floor-to-ceiling glass, open-concept design, and a stunning rooftop deck with covered outdoor living space to soak in harbor views.Currently configured as a charming mid-century modern triplex, each unit boasts its own address:2516 & 2518 feature 2 beds, 2 baths, 1-car garages, vaulted wood-beamed ceilings, A/C, in-unit laundry, updated appliances, and expansive windows to capture the harbor views.2516 ½ is a private studio with a covered patio, side yard, and dedicated storage — ideal for guests, rental income, or a private workspace.The property sits on a special entitlement lot — spaciously set back via a private drive , offering privacy, abundant parking, and a park-like atmosphere. Located just one block from picturesque Begonia Park, walking distance to the beach and famed ocean blvd , the village,Newport Harbor, Fashion Island, walking trails, and the world-class shopping and dining of Corona del Mar and Newport Beach.Whether you're an investor seeking a premium long-term asset, a buyer looking to downsize and rent additional units, or a visionary ready to build a landmark coastal residence, this is your opportunity to own an irreplaceable piece of CDM real estate. Opportunities like this rarely come to market / Proforma on existing available.
MASSIVE PRICE REDUCTION!!! Wake up to the sound of the ocean, watch the sunsets paint Catalina in gold, and let your property work for you - because with this opportunity, you get it ALL! Rarely do duplexes open up on CDM's Ocean Blvd. Rarer still are ones with views like this and just moments away from Corona del Mar’s village shops, restaurants, Fashion Island, Lido Marina Village, and award-winning schools. Built in the early 90's, this two story duplex boasts a 2 bedroom ground-floor unit and a 3 bedroom 2nd floor unit with a rooftop deck. Two car garage plus covered tandem parking for two more cars PLUS street front parking means you and your guests are never far from the breathtaking views of the Jetty, China Cove and the spectacular Catalina Island sunsets you'll be toasting from your deck or patio. Best of all, this duplex has two separate APN's (meaning that you could remodel one or both & sell them off separately). Fix & Flip, remodel, rebuild, renovate or just rent - all are great choices for this phenomenal CDM duplex opportunity!
Corona Del Mar is located in California.
