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ActiveOpen house: Tue, Aug 8 · 12-4 PM

Buy a multi-family propertyat 520 Iris Avenue, Corona del Mar, CA 92625

$4,999,995

$5,195,000 (-3.75%)

$0/mo

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Residential

3,649 Sq. Ft.

3,485 Sq. Ft. lot

6 Bedrooms

5 Bathrooms

385 Days on market

NP23066303 MLS ID

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About 520 Iris Avenue multi-family property

Experience the luxury of a completely remodeled grand-fathered oversized duplex situated on a corner lot in the heart of the village! This exquisite showpiece has been extensively renovated in 2023, leaving no detail overlooked and offering a rare opportunity to live in what feels like new construction with the benefit of more footage than new construction allows! You can never re-build this large. This special 3,649 sf property features two large units with designer touches, spacious patios and balconies, a turfed entertainment deck, an oversized 2-car garage PLUS a rare bonus 225 sf basement! This perfect investment offers the opportunity to live in one unit and rent out the other for upwards. The lower and upper units are beautifully designed open floor plans with French white oak floors throughout. The downstairs unit is a unique 3 bed, 2.5 bath, 1873sf masterpiece with an 11ft high kitchen ceiling + 9ft living area ceiling. The upstairs unit is a 3bed, 2 bath, 1776 sf with a laundry room that can be converted to a powder room + an outdoor deck that serves as an extension of the home - an outdoor room for grilling, entertaining and nights around the firepit. Both units boast custom kitchen cabinetry, granite countertops, stainless-steel appliances, drought tolerant landscaping and an eye-catching New Tech siding that never fades nor has to be oiled like Ipe. The incredible corner location bestows abundant natural light on both units from sunlight to sunset. Nestled in the heart of the Village, this divine duplex is steps to the beach, shops, neighborhood restaurants, and minutes from Fashion Island, the Freeways, Pelican Hill Golf Course, and John Wayne Airport. This distinguished home is the epitome of California coastal living and won’t be available for long. Don't wait to make this stunning home yours!
Experience the luxury of a completely remodeled grand-fathered oversized duplex situated on a corner lot in the heart of the village! This exquisite showpiece has been extensively renovated in 2023, leaving no detail overlooked and offering a rare opportunity to live in what feels like new construction with the benefit of more footage than new construction allows! You can never re-build this large. This special 3,649 sf property features two large units with designer touches, spacious patios and balconies, a turfed entertainment deck, an oversized 2-car garage PLUS a rare bonus 225 sf basement! This perfect investment offers the opportunity to live in one unit and rent out the other for upwards. The lower and upper units are beautifully designed open floor plans with French white oak floors throughout. The downstairs unit is a unique 3 bed, 2.5 bath, 1873sf masterpiece with an 11ft high kitchen ceiling + 9ft living area ceiling. The upstairs unit is a 3bed, 2 bath, 1776 sf with a laundry room that can be converted to a powder room + an outdoor deck that serves as an extension of the home - an outdoor room for grilling, entertaining and nights around the firepit. Both units boast custom kitchen cabinetry, granite countertops, stainless-steel appliances, drought tolerant landscaping and an eye-catching New Tech siding that never fades nor has to be oiled like Ipe. The incredible corner location bestows abundant natural light on both units from sunlight to sunset. Nestled in the heart of the Village, this divine duplex is steps to the beach, shops, neighborhood restaurants, and minutes from Fashion Island, the Freeways, Pelican Hill Golf Course, and John Wayne Airport. This distinguished home is the epitome of California coastal living and won’t be available for long. Don't wait to make this stunning home yours!

Open houses

Tue, Aug 8, 12:00 PM - 4:00 PM

Property details

Bathrooms

1 half bathroom

4 full bathrooms

5 total bathrooms

3 bathrooms on main level

Bedrooms

6 total bedrooms

3 bedrooms on main level

Building

2 total stories

Built in 1973

Stories: 2

3,649 sqft living area

1 Common Wall

Two

Duplex

Community

2 units in community

Biking

Curbs

Dog Park

Hiking

Park

Cooling

Central Air

Gas

Exterior Features

Fire Pit

Fireplaces

Gas

Garage

Attached garage

2 garage spaces

Interior Features

Built-in Features

Balcony

Ceramic Counters

Cathedral Ceiling(s)

Granite Counters

High Ceilings

Open Floorplan

Pantry

Quartz Counters

Recessed Lighting

Bedroom on Main Level

Galley Kitchen

Main Level Master

Laundry

Electric Dryer Hookup

Gas Dryer Hookup

Inside

Listing

Listing ID: NP23066303

Property Subtype: Duplex

104 days on market

Listed on 2023-04-25

Location

County: Orange

Subdivision: Corona del Mar North of PCH (CNHW)

Lot

3485 sqft

0.08 acres

Area: 3485

2-5 Units/Acre

Corner Lot

Drip Irrigation/Bubblers

Garden

Near Public Transit

Parking

2 total parking spaces

Property

2 units

Property attached

Hills

Mountain(s)

Neighborhood

Panoramic

Schools

High School District: Newport Mesa Unified

Sewer

Public Sewer

Monthly cost

Estimated monthly cost

$31,862/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$4,699,995

+$150,000

$4,849,995

Seller agent commission$150,000 (3%)*

$0 (0%)

Buyer agent commission$150,000 (3%)*

$150,000 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

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with an Unreal Estate agent

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State

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Unreal Estate checked: May 15, 2024 at 11:08 p.m.

Data updated: Aug 8, 2023 at 12:05 p.m.

Property listed by eXp Realty of Southern Ca, Inc, Steven Bud Mastropaolo
Based on information from California Regional Multiple Listing Service, Inc. as of 08/08/2023 and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing Information © 2024 California Regional MLS. All Rights Reserved.

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