505 Acacia Avenue

Corona del Mar, CA 92625

$3,850,000
Price
6
Beds
6
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
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 villages renowned beaches, restaurants, top-rated schools, shopping, scenic hiking trails, and nearby golf courses. Whether youre 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 estatea 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 Acacia Avenue

City Postal ID
OC - CORONA DEL MAR (92625)
LISTING UPDATED: 12/24/2024 11:41 AM

Property Details for 505 Acacia Avenue

StatusActive
MLS #NP24253271
Days on Market11
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type2-4 Units
Year Built-
Lot Size0.08 AC / 3,611 SF
CountyOrange County

Building Information for 505 Acacia Avenue

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

Property Information for 505 Acacia Avenue

Summary Information
Property and Location
  • System ID: 306329343
  • Class: 2-4 UNITS
  • Levels: 2 Story
  • Street Number Numeric: 505
  • Street Name: Acacia Avenue
  • Directions To Property: Turn onto Acacia from PCH
HOA and Fees
  • Home Owner Fees: $0
  • CFD/Mello-Roos Fee: $0
  • CFD/Mello-Roos Fee Reflct: Year
Supplement
  • Supplement: 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 villages renowned beaches, restaurants, top-rated schools, shopping, scenic hiking trails, and nearby golf courses. Whether youre 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 estatea combination of the beauty of our coast and excellent investment potential.
Interior and Exterior Features
Exterior Features
  • Exterior: Stucco
  • Roof: Composition
  • Pool: N/K
Property Information
Property and Assessments
  • Total Stories: 2
  • Entry Only: No
  • Lot Size: 1-3,999 SF
  • Lot Size Source: Assessor Record
  • Topography: Level
  • Site: Curbs, Sidewalks
  • Zoning: Assessor
  • Assessors Parcel Num: 45909113
Multi Family Information
Unit 1
  • Unit Num for Unit 1: 1
  • Unit 1 Num of Bedrooms: 3
  • Unit 1 Num of Total Baths: 3
  • Unit 1 Rent Actual: $6,400
Unit 2
  • Unit Num for Unit 2: 2
  • Unit 2 Num of Bedrooms: 3
  • Unit 2 Num of Total Baths: 3
  • Unit 2 Rent Actual: $5,400

Property History for 505 Acacia 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 505 Acacia Avenue

Taxable ValueLand$2,128,199Additions$162,255Total$2,290,454
Tax Record2024$24,647 ($2,054 / month)
Home Facts
Lot Size3,541 SqFtStyleMulti-Family Dwelling (2-4)Year Built1968CountyORANGEAPN459-091-13

Schools near 505 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 - 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.

Similar Homes

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505 Acacia Avenue is a multi-family home for sale in Corona del Mar, CA 92625. This property was listed for sale on December 23, 2024 by Compass, it's currently listed at $3,850,000. It has been on the market for a total of 11 days and was last sold on May 18, 2017. 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. 505 Acacia Avenue is a 6-bed, 6-bath, multi-family home.

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 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.