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$3,400,000   Price Analysis
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714 Orchid Ave
Corona Del Mar, CA 92625
5 bed 3 bath 1,989 SqFt ($1709/SqFt)
3,489SqFt lot. Built 1949
Listed 2024-06-14, Taxes $6,092
Ⓧ USDA Ineligible
due to price & location

near Corona del Mar

This duplex is located in upper Orchid Avenue

One of the most desirable streets in CDM with less parking hassles and is fully rented. This is the first time on the market in over fifty yers. This well-maintained property has private patio areas, quintessential beach cottage kitchens and bathrooms, laminate wood flooring, walk-in closets, shared laundry, fireplace, vaulted ceilings and more. Property has been professionally managed by Genuine Property Management since 2018.

Copies of floor plan, leases, visual inspection s, repair history, tenant ledgers and other documents are available upon request. Priced right to attract a new landlord who desires to provide the same fantastic Corona del Mar living experience with quality residents already in place. Close to all the CDM Village restaurants, shops and amenities, as well as a short walk to parks, trails, beaches and Oasis Senior Center. A shared two car garage with laundry and is being sold as-is. Please do not disturb residents.


Presented by Marcel Ford at
Old Newport Realty.
Listing Agent Photo

Property MLS #NP24117352 from CRMLS

Bedrooms: 5

Appliances: Disposal, Gas Oven, Gas Range, Refrigerator
Appliances YN: Yes
Laundry Features: Gas Dryer Hookup, In Garage, Washer Hookup

Full Bathrooms: 3

Fireplace Features: Family Room
Heating Features: Fireplace(s), Wall Furnace
Heating: Yes

Lot Description: Front Yard, Gentle Sloping
Lot Size Acres: 0.0800964
Lot Size Source: Assessor
Lot Size Square Feet: 3489

Garage Spaces: 2
Parking Features: Parking YN: Yes, Parking Features: Garage Faces Rear
Parking Total: 2

Number of Units: 2
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 3
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 2
Unit-1 Garage Spaces: 1
Unit-2 Garage Spaces: 1

Calculated Total Monthly Association Fees: 0
Gardener Expense: 1250.00

Tenant Pays: Electricity, Gas
Rent Control: Yes

Community Features: Curbs, Gutters, Sidewalks

Source Listing Status: Active
County: Orange
Source Property Type: Residential Income
Insurance Expense: 2500.00
Area: CS - Corona Del Mar - Spyglass
Source Neighborhood: Corona del Mar North of PCH (CNHW)
Number of Separate Electric Meters: 2
Number of Separate Gas Meters: 2
Number of Separate Water Meters: 1
Parcel Number: 45907304
Postal Code Plus 4: 2427
Subdivision: Corona del Mar North of PCH (CNHW)
Trash Expense: 600.00
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$140,414 + $390,623
$531,037
$6,092
2021$137,661 + $382,964
$520,625
$5,979
2020$136,250 + $379,037
$515,287
$5,921
2019$133,579 + $371,605
$505,184
$5,806
2018$130,960 + $364,319
$495,279
$5,694
2017$128,393 + $357,175
$485,568
$5,595
2016$125,876 + $350,172
$476,048
$5,474
2015$123,986 + $344,912
$468,898
$5,420
2014$121,558 + $338,155
$459,713
$5,294
2013$121,009 + $336,627
$457,636
$5,259
2012$118,637 + $330,026
$448,663
$5,101
2011$116,311 + $323,555
$439,866
$4,963
2010$115,442 + $321,137
$436,579
$4,898
2009$115,717 + $321,900
$437,617
$4,871
2008$113,449 + $315,588
$429,037
$4,741
2007$111,225 + $309,400
$420,625
$4,631

Listed 2024-06-14
$3,400,000
CRMLS
Sold 1980-10-31
$262,000
Public Record

Net Operating Income: 71850.00

Total Square Feet Living: 1989
Year Built: 1949
Building Features: 2
Common Walls: No Common Walls
Entry Level: 1
Entry Location: 1
Property Age: 75
Levels or Stories: Two
Building Total Stories: 1
Structure Type: Duplex
Year Built Source: Assessor

Sewer: Sewer: Public Sewer, Sewer Paid, Water Sewer Expense: 1200.00
Water Source: Public

Harbor View Elementary School is a public elementary school located approximately 0.4 miles away.
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Corona Del Mar High School is a public middle and high school located approximately 2.6 miles away.
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Harbor Day School is a private elementary and middle school located approximately 0.9 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.