2516 Bayside Drive, Corona Del Mar, CA 92625

$2,695,000
2,388
SqFt
List Price
$2,695,000
Status
ACTIVE
MLS#
OC19183258
Year Built
1972
Living Sq. Ft
2,388
Lot Size
154,202,400
Acres
3540
Lot Location
Rectangular Lot, Level, Sprinkler System
Days on Market
24
Property Type
Multifamily
Neighborhood
Corona Del Mar South Of Pch (Cdms)

Property Description

Multi-unit Income property with Bay Views! Ideally located, a block from Begonia Park and within walking distance to the Beach. Nestled in Corona del Mar village, south of PCH and adjacent to walking trails/sidewalks. Enter through a dedicated driveway for only two parcels and elevated from Bayside Drive, this property is spacious between it's neighbors. Zoned R2 but currently has Three units (all rented), each having their own mailing address. The studio unit is non-conforming (2516 ½). Two (2516 & 2518) have 2 Bed/2 Bath/1-car garage and parking. The Two bedroom units each have A/C, newer appliances, refrigerators, and washer/dryer laundry closets. One unit has newly two remodeled bathrooms and the other has newer hardwood floors. Both have vaulted hardwood ceilings and lots of windows with views. The studio unit includes a storage room, a covered patio and side yard. Geological and topography reports are done. Leave As Is or Build two new dream homes with Bay Views! Good current cap rate too. Buyer to cooperate with 1031 exchange.

Additional Information

Tract Number
186
Lot Description
Curbs
Appliances
Dishwasher, Electric Range, Disposal
Pool Description
None
Fireplace Description
None
Heat
Forced Air
Cooling
Yes
Cooling Description
Central Air
View
Bay, Hills, Park/Greenbelt
Garage Spaces Total
2
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Total Number of Units
3

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Michelle Ultimo Hall from Ultimo Properties, Inc.

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.