505-505 5 Acacia Avenue

Corona del Mar, CA 92625

$3,850,000
Price
6
Beds
6
Baths
3,200 Sq. Ft.
$1,203 / Sq. Ft.
3,200
Sq. Ft.
$1,203
per Sq. Ft.

Description

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....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.

Listing Agent

  1. Brenda McCroskey

    Brenda McCroskey

    Listing Agent

    Compass

    DRE #01869273

Property Details for 505-505 5 Acacia Avenue

Architectural Style
Traditional
View
Neighborhood
Parking Spaces Total
2
Private Pool
No
Cooling Type
Central
Total Units
2.0
Building Type
Attached
Lot Size Source
Assessor
LISTING UPDATED: 12/23/2024 10:14 PM

Property Details for 505-505 5 Acacia Avenue

StatusActive
MLS #NP24253271
Days on Market10
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1968
Lot Size0.08 AC / 3,611 SF
CountyOrange County

Building Information for 505-505 5 Acacia Avenue

Stories2Residences-Year Built1968Building Size-Lot Size0.08 AC / 3,611 SF

Property Information for 505-505 5 Acacia Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Pest Control
Income / Expense / Tax Details
Income Details
  • Gross Income: $141,600
  • Gross Scheduled Income: $141,600
  • Net Operating Income: $0
Expense Details
  • Operating Expense: $0
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Tract Number: 682
  • Tax Census Tract: 627.01
  • Tax Lot: 54
Community / Development
Community / Development
  • Accessibility Features: None
  • Disability Access: None
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Curbs, Sidewalks, Street Lights, Suburban
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Electric Oven, Electric Range, Microwave, Water Heater
  • Equipment: Dishwasher, Inside, Microwave, Room, Washer Hookup
  • Interior Features: Ceiling Fan(s), Laminate Counters, Living Room Deck Attached, Unfurnished
  • Room Type: All Bedrooms Up, Family Room, Kitchen, Laundry, Living Room, Primary Bathroom, Primary Bedroom, Primary Suite, Separate Family Room, Walk-In Closet
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 0
  • Bedroom Features: All Bedrooms Up, WalkInCloset
  • Laundry: Yes
  • Laundry Features: Individual Room, Inside, Washer Hookup
  • Fireplace Features: Family Room, Living Room, Gas Starter
  • Fireplace Rooms: Family Room, Gas Starter, Living Room
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
  • Flooring: Laminate, Tile
Exterior Features
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior Features: Awning(s)
  • Roof: Composition
  • Entry Location: Ground
  • Fence: Yes
  • Fence: Wood
  • Fencing: Wood
  • Foundation Details: Slab
  • Structure Type: Duplex
  • Waterfront Features: Ocean Side of Freeway, Ocean Side Of Highway 1
  • Pool Features: None
  • Pool Description: None
  • Spa Features: None
Land/Lot Info
  • Lot Features: Level with Street, Rectangular Lot, Near Public Transit, Park Nearby, Patio Home, Walkstreet
  • Lease Considered: No
  • Number Of Units: 2
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 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)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $6,400
  • Unit Type Total Rent: $76,800
  • Unit Type Pro Forma: 0
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $5,400
  • Unit Type Total Rent: $64,800
  • Unit Type Pro Forma: 0
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Number With Disposal: 2
  • Number With Patio: 2

Property History for 505-505 5 Acacia Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 505-505 5 Acacia Avenue

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

Corona Del Mar High School
Public7 to 12

Back Bay High School
Public9 to 12

Monte Vista High School
PublicK 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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505-505 5 Acacia Avenue is a multi-family home for sale in Corona del Mar, CA 92625. This property was listed for sale on December 21, 2024 by Compass, it's currently listed at $3,850,000. This listing's school district is Newport-Mesa Unified School District. Nearby schools include Harbor View Elementary School, Corona Del Mar High School and Back Bay High School. 505-505 5 Acacia Avenue is a 6-bed, 6-bath, 3,200 sqft multi-family home built in 1968.

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. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Compass, Brenda McCroskey, DRE #01869273

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.