613 Marigold Avenue, Corona del Mar

$3,195,000

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6

Beds

4

Baths

2,900

Square feet

0.08

Acres

Listing Agent
Ramzi Ataya - Engel & Voelkers Newport Beach

About 613 Marigold Avenue

Welcome to 613 Marigold Avenue, a charming duplex built in 1973 that’s nestled in the heart of Corona del Mar's vibrant Village. PRIME LOCATION: Situated on a much-sought-after, quiet, tree-lined street with excellent walkability, just a few short blocks to downtown Corona del Mar and the beach. SPACIOUS LIVING: Both units are mirror images of each other, featuring 3 spacious bedrooms and 3 bathrooms. Each unit is filled with plenty of natural light, beamed ceilings and fireplaces in the family rooms, and cathedral ceilings in all bedrooms. FRONT UNIT: Double-wide French doors in the family room seamlessly blend indoor and outdoor spaces, leading to a fenced-off private courtyard that’s perfect for entertaining and breathing in the ocean breeze. BACK UNIT: Features an expansive rooftop deck over the garage, facing west to capture those beautiful sunsets and cotton-candy skies. INVESTORS: This exceptional property is competitively priced...and offers an array of possibilities; whether you're looking to redevelop into two condos, enjoy one unit while renting out the other, or simply invest in a prime coastal location. It’s a perfect “hybrid property” giving the investor the option to renovate now and rent out each unit between $6K-$8K per month, depending on the extent of the remodel. Proforma setup showing 4% cap rate is available upon request. Alternatively, it may be more suitable to tear-down and rebuild sometime in the future allowing for a bigger payout to the investor…ideally if/when interest rates, labor & material costs decline. NOTE: This duplex is being offered for sale as-is and represents a rare gem in a highly desirable location. Don't miss this opportunity to own a piece of coastal luxury in Corona del Mar. Contact us today to explore the potential of this versatile property! Showings will be scheduled with qualified offers by appointment only. Please do not disturb tenants.

Features of 613 Marigold Avenue

MLS® # OC24117204
Price $3,195,000
Bedrooms 6
Bathrooms 4.00
Full Baths 2
Half Baths 2
Square Footage 2,900
Acres 0.08
Year Built 1973
Type Residential
Sub-Type Duplex
Status Active

Community Information

Address 613 Marigold Avenue
Area CS - Corona Del Mar - Spyglass
Subdivision Corona del Mar North of PCH (CNHW)
City Corona del Mar
County Orange
Zip Code 92625

Amenities

Utilities Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Parking Spaces 2
Parking Garage, On Street
# of Garages 2
Garages Garage, On Street
View None
Is Waterfront No
Has Pool No
Pool None

Interior

Interior Features Beamed Ceilings, Ceiling Fan(s), Cathedral Ceiling(s), Granite Counters, Tile Counters, All Bedrooms Up
Appliances Dishwasher, Gas Cooktop, Disposal, Gas Oven, Gas Water Heater, Microwave, Water Heater
Heating Forced Air, Fireplace(s)
Cooling None
Has Basement No
Fireplace Yes
Fireplaces Electric, Family Room
# of Stories 2
Stories Two

Exterior

Lot Description 0-1 Unit/Acre
Roof Composition

School Information

District Newport Mesa Unified
Elementary Harbor View
Middle Corona Del Mar
High Corona Del Mar

Additional Information

Date Listed June 8th, 2024
Days on Market 11
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentRamzi Ataya
OfficeEngel & Voelkers Newport Beach

Listing Map

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