$3,850,000

beds

baths

half baths

3,200

square ft

505 & 505 .5 Acacia Avenue

Corona Del Mar, California 92625

New / MLS #NP24253316 / Multiple Unit (2-4) / Corona Del Mar

Listing information updated 12/24/2024 at 8:22am

Charming Rare South of Highway Duplex on one of the best and prettiest streets in the Village! Presenting a unique and exceptional Residential Income R2 opportunity in the heart of Corona Del Mar village, where coastal living seamlessly blends with strong investment potential. Both units are 1600 sq ft, with a Living Room, Family room, Kitchen with Breakfast Bar, Powder, and Laundry down and three bedrooms upstairs (one ensuite) and two baths, primary and one bedroom in each with walk-in closets. Rear unit even has another balcony off of the primary suite, complete with workspace/exercise area/sitting area too! Super clean with excellent tenants, whose leases run until 8/25 for the front and 6/25 for the rear. Loads of outdoor space - inviting enclosed brick front patio, balcony, and a generous side patio for each unit. With its excellent walkability, residents can easily explore the village's renowned beaches, restaurants, top-rated schools, shopping, scenic hiking trails, and nearby golf courses. Whether you're considering redevelopment or looking to enhance the cash flow of a valuable investment, this property offers all the options. This is an excellent opportunity to own a piece of coveted Corona Del Mar real estate-a combination of the beauty of our coast and excellent investment potential.

Full Features

Architecture Style:

Traditional, Patio Home

Exterior Type:

Stucco

Beds Above Grade:

Cooling System:

Central Air

Heating System:

Central

Appliances:

Dishwasher, Electric Oven, Electric Range, Microwave, Water Heater

Pool:

Age:

56 Years

Roof Type:

Composition

Parking Spaces:

Garage:

Garage - 2 Car(s)

Water Features:

Ocean Side Of Freeway, Ocean Side Of Highway

Square Feet:

3,200

Lot Size:

3611 Square Feet

Acreage:

0.0829

Taxes & Assessments

Tax Amount:

N/A

Tax Year:

N/A

Location

Zip Code:

92625

City:

Corona Del Mar

County:

Orange

Schools

School District(s):

Newport Mesa Unified

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Architecture Style:

Traditional, Patio Home

Exterior Type:

Stucco

Beds Above Grade:

Cooling System:

Central Air

Heating System:

Central

Appliances:

Dishwasher, Electric Oven, Electric Range, Microwave, Water Heater

Pool:

Age:

56 Years

Roof Type:

Composition

Parking Spaces:

Garage:

Garage - 2 Car(s)

Water Features:

Ocean Side Of Freeway, Ocean Side Of Highway

Square Feet:

3,200

Lot Size:

3611 Square Feet

Acreage:

0.0829

Tax Amount:

N/A

Tax Year:

N/A

Zip Code:

92625

City:

Corona Del Mar

County:

Orange

School District(s):

Newport Mesa Unified

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Listing Office: Compass

Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. 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.