About 705 Orchid Avenue
Welcome to the gorgeous seaside community of Corona Del Mar! World class shopping, entertainment & dining, coupled with beautiful weather all year makes this coastal paradise extremely attractive to discerning homebuyers, capable developers, and savvy investors! Just a few short blocks to downtown CDM & to the beach, this beautiful duplex offers two spacious units: A 3 bedroom 3 bathroom in the picture-perfect front cottage, and 2 bedrooms & 2 bathrooms in the rear unit. The property has a two car garage, a lovely central courtyard separating the front and rear units, and community laundry in the garage (separate hookups for each unit). The property is being sold as-is. From a re-development perspective, the subject property is an ideal candidate for redevelopment. The city of Newport Beach launched an incentive program for the preservation of beach cottages on January 25, 2022, which allows owners to build substantial additions (up to 50 percent of the existing floor area or a maximum of 750 square feet) without providing the minimum code-required parking. Only the structure affected by the renovation/addition will have to comply with current building code standards. Refer to city website for more details.
Features of 705 Orchid Avenue
| MLS® # | OC24196512 |
|---|---|
| Price | $3,295,000 |
| Bedrooms | 5 |
| Bathrooms | 5.00 |
| Full Baths | 5 |
| Square Footage | 2,967 |
| Acres | 0.08 |
| Year Built | 1969 |
| Type | Residential |
| Sub-Type | Duplex |
| Status | Active |
Community Information
| Address | 705 Orchid 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
| Parking Spaces | 2 |
|---|---|
| # of Garages | 2 |
| View | None |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Cooling | None |
|---|---|
| Has Basement | No |
| Fireplace | Yes |
| Fireplaces | Family Room |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Lot Description | Landscaped |
|---|
School Information
| District | Newport Mesa Unified |
|---|
Additional Information
| Date Listed | September 20th, 2024 |
|---|---|
| Days on Market | 23 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | James Vanar |
|---|---|
| Office | Anchor West Properties, Inc. |