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Christian Walsh(949) 635-4466
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On Site:5 Days
Lot Size:3,540 Sq. Ft.
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.
$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.
Address:416 Larkspur Avenue Corona Del Mar, CA 92625
City:Corona del Mar
Subdivision:Corona Del Mar North Of Pch (Cnhw)
Total Units: 2
Stories Total: 2
Unit 1: 1 Unit•1 Bed•1 Bath•1 Garage•Unfurnished•$1,895 actual rent•$1,895 total rent•$2,500 pro forma
Unit 2: 1 Unit•2 Beds•3 Baths•3 Garages•Unfurnished•$3,900 actual rent•$3,900 total rent•$5,500 pro forma
Parking: Carport, Garage
Garage Spaces: 2
Features / Amenities
Floor Material: Carpet, Vinyl
Interior: 2 Staircases, Ceiling Fan(s), High Ceilings
Rooms: Great Room, Kitchen, Laundry, Loft, Main Floor Master Bedroom, Walk-In Closet
Laundry: In Closet, Individual Room
Common Walls: 1 Common Wall
Parking Total: 4
Appliances: Dishwasher, Double Oven, Electric Cooktop, Disposal, Refrigerator
Fireplace(s): Living Room
Cooling Type: Central Air
Heating Type: Central
Lot Size: 0.08 Acres / 3,540 Sq. Ft.
Lot Features: Rectangular Lot
Lot Number: 12
Sewer: Public Sewer
Directions:416 Larkspur Ave, Corona del Mar
Tax and Financial Info
Land Lease: No
Insurance Expense: 1500.00
Total Expenses: 23678.00
Gross Annual Income: 76800.00
Legal Disclosures: Principal Is RE Licensed
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Listing provided courtesy of Mary Golding, Coldwell Banker Realty.
Based on information from California Regional Multiple Listing Service, Inc. as of February 26, 2021. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.