MLS® ID: OC19183258

2516 Bayside Drive

Corona del Mar, California, 92625

$2,450,000 Active
  • - SQFT
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.
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Listing courtesy of Ultimo Properties, Inc.

Amenities

  • Full baths
    0
  • Half baths
    0
  • Three-quarter Baths
    0
  • Total Baths
    0
  • Zip
    92625
  • Office name
    Ultimo Properties, Inc.
  • SQFT
    0
  • Bedrooms
    0
  • Zoning type
    R2
  • Year built
    1972
  • Lot size
    154202400.00
  • Sewer
    Public Sewer
  • Heating
    Forced Air
  • Tax year
    0
  • Agent name
    Michelle Ultimo Hall
  • Tax amount
    $ 0.0
  • Purchase Type
    Active
  • HOA fees
    $ 0.00
  • Price Range
    $2m+
  • Square Feet Range
    < 1000 sq ft.
  • Year Built Range
    1989 (and earlier)
  • Office ID
    J01501
  • Agent ID
    SULTIMIC

Location

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