323 Iris Avenue

Corona del Mar, CA 92625

$3,695,000
Price
6
Beds
4
Baths
2,492 Sq. Ft.
$1,483 / Sq. Ft.
2,492
Sq. Ft.
$1,483
per Sq. Ft.

Description

Welcome to a rare and exceptional opportunity in the heart of Corona Del Mar village, where coastal living meets investment potential. This cosmetically remodeled duplex, nestled in a prime location south of Pacific Coast Hwy and Bayside Drive, offers an unparalleled lifestyle with close proximity to the renowned beaches of CDM. Zoned R2, this property boasts a commanding view of the park/playground below, the charming neighborhood, and the picturesque hills of Newport Coast. At the end of a tranquil...Welcome to a rare and exceptional opportunity in the heart of Corona Del Mar village, where coastal living meets investment potential. This cosmetically remodeled duplex, nestled in a prime location south of Pacific Coast Hwy and Bayside Drive, offers an unparalleled lifestyle with close proximity to the renowned beaches of CDM. Zoned R2, this property boasts a commanding view of the park/playground below, the charming neighborhood, and the picturesque hills of Newport Coast. At the end of a tranquil cul-de-sac, this duplex provides a peaceful retreat while being within walking distance of the sun-soaked shores. Both units, currently occupied on a month-to-month basis, feature a desirable 3-bedroom, 2-bathroom layout with upgraded kitchens and bathrooms. The large balcony upstairs presents an idyllic spot to soak in the panoramic views of the park and surrounding neighborhood. This spacious duplex not only offers a comfortable residence but also unlocks various income opportunities. With excellent walkability, residents can explore world-class dining options in the village, access renowned schools, indulge in shopping, traverse scenic hiking trails, and tee off at nearby golf courses. Whether you're considering redevelopment or seeking to enhance the revenue of a trophy cash-flowing asset, this property is primed for success. Seize the chance to own a piece of Corona Del Mar's coveted real estate, where every day is an opportunity for coastal bliss and investment prosperity.
  1. Listed by Arthur Dorr • DRE #01899740 • Brokerage DRE #01897014 • Balboa Realty • 9495009832

Property Details for 323 Iris Avenue

Architectural Style
See Remarks
View
Bluff, City Lights, Mountain(s), Neighborhood
Parking Spaces Total
4
Private Pool
No
Cooling Type
N/K
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
LISTING UPDATED: 09/18/2024 09:16 AM

Property Details for 323 Iris Avenue

StatusActive
MLS #NP24045926
Days on Market258
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeTownhouse
MLS TypeResidential Income
Year Built1977
Lot Size0.10 AC / 4,356 SF
CountyOrange County

Building Information for 323 Iris Avenue

Stories2Residences-Year Built1977Building Size-Lot Size0.10 AC / 4,356 SF

Property Information for 323 Iris Avenue

Rental Info
Rental Info
  • Tenant Pays: All Utilities
  • Pets Allowed: Call For Rules
Income / Expense / Tax Details
Income Details
  • Gross Income: $99,540
  • Gross Scheduled Income: $99,540
  • Net Operating Income: $87,568
  • Number Of Rented Garages: 0
  • 433a Certified: No
Expense Details
  • Operating Expense: $11,972
  • Insurance Expense: $3,000
  • Professional Management Expense: $5,972
  • Trash Expense: $1,200
  • Water Sewer Expense: $1,800
  • Total Expenses: $11,972
Tax / Assessment Info
  • Tax Block: 235
  • Tax Tract Number: 07001
  • Tax Census Tract: 627.02
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 21,23
Community / Development
Community / Development
  • Accessibility Features: Parking
  • Disability Access: Other Main Level Modifications
  • Association Amenities: Dog Park, Hiking Trails, Trash, Sewer, Water
  • Assessments YN: No
  • Assessments: None
  • Community Features: Curbs, Fishing, Hiking, Park, Sidewalks, Street Lights, Urban
Property / Structure Info
Interior Features
  • Appliances: Gas Range
  • Equipment: Refrigerator, Gas Range
  • Interior Features: Granite Counters, Living Room Deck Attached
  • Room Type: Laundry, Main Floor Bedroom
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Room Bathroom Features: Shower, Shower in Tub
  • Bedroom Features: Main Floor Bedroom
  • Laundry: Yes
  • Laundry Features: In Closet, Inside
  • Laundry Location: Inside
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Fireplace: FP in Living Room
  • Cooling: None
  • Heating Type: Forced Air
  • Heating: Forced Air
  • Heat Equipment: Forced Air Unit
  • Flooring: Tile, Vinyl
Exterior Features
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Roof: Shingle
  • Entry Location: Ground
  • Structure Type: Duplex
  • Miscellaneous: Urban
  • View Description: Bluff, City Lights
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Sign on Property: Yes
  • Lot Features: Bluff, Corner Lot, Park Nearby
  • Lease Considered: No
  • Number Of Units: 2
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Sewer/Septic: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Uncovered Spaces: 2
  • Open Other Spaces Total: 2
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Attached Garage: No
Property / Structure Info
  • Builders Tract Name: Corona del Mar South of PCH
  • Builders Tract Code: Corona del Mar South of PCH (CDMS)
  • Residential Styles: Townhome
  • Residential Unit Location: No Common Walls
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,695
  • Unit Type Total Rent: $3,695
  • Unit Type Pro Forma: 4695
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $4,600
  • Unit Type Total Rent: $4,600
  • Unit Type Pro Forma: 4995
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Number With Disposal: 2
  • Number With Drapes: 2
  • Number With Patio: 1
  • Number Wall AC: 0

Property History for 323 Iris Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 323 Iris Avenue

Taxable ValueLand$371,488Additions$172,780Total$544,268
Tax Record2024$6,274 ($523 / month)
Home Facts
Total Finished SqFt2,492 SqFtAbove Grade Finished SqFt2,492 SqFtStories2Lot Size4,363 SqFtStyleDuplexYear Built1977CountyORANGEAPN052-083-23

Schools near 323 Iris Avenue

This home is within Newport-Mesa Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 12
Public - K to 12
Public - 9 to 12
Rating
School
Distance
Harbor View Elementary School
PublicK to 6

Corona Del Mar High School
Public7 to 12

Monte Vista High School
PublicK to 12

Back Bay High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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323 Iris Avenue is a townhouse for sale in Corona del Mar, CA 92625. This property was listed for sale on March 6, 2024 by Balboa Realty, it's currently listed at $3,695,000. This listing's school district is Newport-Mesa Unified School District. Nearby schools include Harbor View Elementary School, Corona Del Mar High School and Monte Vista High School. 323 Iris Avenue is a 6-bed, 4-bath, 2,492 sqft townhouse built in 1977.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Balboa Realty, Arthur Dorr, DRE #01899740

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.