488 Seaward Road, Corona Del Mar, CA 92625

$1,899,000
List Price
$1,899,000
Status
ACTIVE
MLS#
OC18155437
Year Built
1960
Lot Size
7,518
Lot Location
0-1 Unit/Acre, Front Yard
Days on Market
85
Property Type
Multifamily
Style
Modern, Ranch
Property Sub Type
Triplex
Stories
Two Level
Neighborhood
Corona Highlands (Corh)

Property Description

Back on the Market!! Well price rare triplex steps to downtown Corona del Mar and the beach. All units 2 bedrooms with upgrades, a community laundry room, tiles baths, new windows, balconies overlooking the pool area. The propertyis part of an assoc. with tenants having community pool access. Covered parking and 2 spaces per unit. Due to the association pool encroaching on the lot the assoc. pays for approx. 27% of the property tax....which helps with NOI. Potential to covert to 2 condos or improve the existing units. NO architechural oversight by the assoc. Multiple possibilities! All units are currently rented with stable tenants. There are several long term tenants that are paying below market rent.

Additional Information

Tract Number
2758
HOA
292
Association Amenities
Pool
Lot Description
Carbon Monoxide Detector(s), Smoke Detector, Curbs, Sidewalks, Street Lighting, Suburban
Appliances
Dishwasher, Electric Oven, Electric Stove, Garbage Disposal, Water Heater Unit
Pool Description
Association, Community Pool, Gunite, In Ground
Fireplace Description
Living Room
Heat
Central Furnace
Cooling Description
None
View
Pool
Water
Public
Attached Structure
Attached

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Lori Chairez from Seven Gables Real Estate

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.