416 Larkspur Avenue, Corona Del Mar

$2,185,000

3 Beds
4 Baths
3,001 Sqft
.08 Acres
2 Garages

This attractive duplex was constructed in 1996 and exhibits a strong rental history with the ability to grow in-place rents, or substantially increase proforma rents through a conservative remodel. The front unit is a 2 bedroom plus loft with 2.5 baths totaling 2,310 square feet. The back unit is a 1 bedroom 1 bath layout totaling 691 square feet. Given the current configuration of the building, one could endeavor to condo the property as well, offering multiple unit sales or owner and tenant occupancy. A complete redevelopment of the property offers a unique opportunity for maximizing square footage on the R2 lot as well, given the reduced front yard setback North of PCH. Typical lots in the area have 20-foot setbacks, whereas 416 Larkspur benefits from a 10-foot front yard setback, thereby maximizing the buildable square footage. Experience the finest in Corona del Mar living close to area dining such as Zinc, Bandera, and the Quiet Woman. Pristine beaches, Fashion Island, and Newport Center are just moments away.

Essential Information
MLS® #NP19215748
Price$2,185,000
Bedrooms3
Bathrooms4.00
Full Baths3
Half Baths1
Square Footage3,001
Acres0.08
Year Built1996
TypeResidential
Sub-TypeDuplex
StatusActive
Community Information
Address416 Larkspur Avenue
AreaCorona Del Mar - Spyglass (CS)
CityCorona Del Mar
CountyOrange
StateCA
Zip Code92625
Subdivision

Corona del Mar North of PCH (CNHW)

Amenities
Parking Spaces4
ParkingCarport, Garage
# of Garages2
ViewNo View
PoolNone
Interior
HeatingCentral Furnace
CoolingCentral A/C
FireplaceYes
FireplacesLiving Room
# of Stories2
StoriesTwo
Interior Features

2 Staircases, Ceiling Fan, High Ceilings (9 Feet+)

Appliances

Dishwasher, Double Oven, Electric Stove, Garbage Disposal, Refrigerator

Exterior
Lot DescriptionLot Shape-Rectangular
RoofComposition
School Information
DistrictNewport Mesa Unified
Additional Information
Date ListedSeptember 11th, 2019
Days on Market4
HOA Fees0.00
Listing Details
AgentMary Golding(01865418)
OfficeColdwell Banker Res. Brokerage
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Based on information from California Regional Multiple Listing Service, Inc. as of September 16th, 2019 at 8:48pm PDT. 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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