About 505 & 505 .5 Acacia Avenue
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.
Features of 505 & 505 .5 Acacia Avenue
| MLS® # | NP24253271 |
|---|---|
| Price | $3,850,000 |
| Bedrooms | 6 |
| Bathrooms | 6.00 |
| Acres | 0.08 |
| Year Built | 1968 |
| Type | Residential Income |
| Sub-Type | Duplex |
| Style | Traditional, Patio Home |
| Status | Active Under Contract |
Community Information
| Address | 505 & 505 .5 Acacia Avenue |
|---|---|
| Area | CS - Corona Del Mar - Spyglass |
| Subdivision | Corona del Mar South of PCH (CDMS) |
| City | Corona Del Mar |
| County | Orange |
| Zip Code | 92625 |
Amenities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Parking Spaces | 2 |
| # of Garages | 2 |
| View | Neighborhood |
| Is Waterfront | No |
| Waterfront | Ocean Side Of Freeway, Ocean Side Of Highway |
| Has Pool | No |
| Pool | None |
Interior
| Interior | Laminate, Tile |
|---|---|
| Interior Features | Ceiling Fan(s), Laminate Counters, Living Room Deck Attached, Unfurnished, All Bedrooms Up, Primary Suite, Walk-In Closet(s) |
| Appliances | Dishwasher, Electric Oven, Electric Range, Microwave, Water Heater |
| Heating | Central |
| Cooling | Central Air |
| Has Basement | No |
| Fireplace | Yes |
| Fireplaces | Family Room, Gas Starter, Living Room |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Exterior | Stucco |
|---|---|
| Exterior Features | Awning(s) |
| Lot Description | Near Park, Near Public Transit, Rectangular Lot, Street Level, Walkstreet |
| Roof | Composition |
| Construction | Stucco |
| Foundation | Slab |
Additional Information
| Date Listed | December 21st, 2024 |
|---|---|
| Days on Market | 24 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Brenda Mccroskey |
|---|---|
| Office | Compass |