Courtesy of Coldwell Banker Realty, Mary Golding.

$1,895,000

416 Larkspur Avenue

Corona Del Mar , CA 92625

  • 4

  • 4

  • 3,001

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David Csira

David Csira

Founder

DRE# 01491451

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Property Description

Lowest priced full lot in the Village by over $200k. This attractive duplex was constructed in 1996 and exhibits a strong rental history. A buyer could 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 provides a unique opportunity for maximizing square footage on the R2 lot, 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.

Property Details & Features

Property Type
  • Duplex
Year Built
  • 1996
Bathrooms
  • 1 half bathroom
  • 3 full bathrooms
  • 4 total bathrooms
  • 2 bathrooms on main level
Bedrooms
  • 4 total bedrooms
  • Bedroom on main level
House
  • 1 total stories
  • Built in 1996
  • 3,001 sqft living area
  • 1 Common Wall
  • Two
  • Duplex
Community
  • Curbs
  • Gutter(s)
  • Sidewalks
Cooling
  • Central Air
Fireplaces
  • Living Room
Garage
  • Attached garage
  • 2 garage spaces
Interior Features
  • Loft
  • Main Level Master
Laundry
  • Laundry Closet
  • Laundry Room
Listing
  • Property Subtype: Duplex
  • 6 days on market
  • Listed on 2021-02-22
Location
  • County: Orange
  • Subdivision: Corona del Mar North of PCH (CNHW)
Lot
  • 3485 sqft
  • 0.08 acres
  • Area: 3485
  • Front Yard
Parking
  • Carport
  • 2 carport spaces
  • 4 total parking spaces
  • Carport
  • Direct Access
  • Garage
  • Tandem
  • Uncovered
Possession
  • Close Of Escrow
Property
  • 2 units
  • Property attached
Schools
  • High School District: Newport Mesa Unified
Sewer
  • Public Sewer

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Contact Details

Telephone:

949-500-3283

Address:

950 Glenneyre St Laguna Beach, CA 92651