For Sale
416 Larkspur Avenue, Corona Del Mar
Residential Income
$2,095,000
3 Bed
3 Bath | 1 ½Baths
3,001 Square Feet
2 Floors
Built in 1996

Listed on 09/11/2019

This attractive duplex was constructed in 1996 and exhibits a strong rental history with the ability to 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 offers a unique opportunity for maximizing square footage on the R2 lot as well, 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.



MlsNumber#: NP19215748



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caseylesher@gmail.com


DRE#: 01795953


Coldwell Banker Residential Brokerage

offered properties | mls search | sold portfolio | corona del mar real estate | about | contact

© 2019, all rights reserved

website by: mediataskforce.com






caseylesher@gmail.com


DRE#: 01795953




Coldwell Banker Residential Brokerage

offered properties | mls search | sold portfolio | corona del mar real estate | about | contact

© 2019, all rights reserved

website by: mediataskforce.com



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