613 Marigold Ave

Corona Del Mar, CA 92625 View Map $3,150,000 Ask a Question
Beds6
Baths2Full21/2
Sq.Ft.2,900
Year1973

Ryan Dailey

(949) 297-2020

Ask a Question
Status: Sold
Property Type:Duplex
MLS #:OC24117204
Sq. Feet:2,900
Date Sold:7/12/2024
Lot Size:3,489 Sq. Ft.
County:Orange
Welcome to 613 Marigold Avenue, a charming duplex built in 1973 that's nestled in the heart of Corona del Mar's vibrant Village. PRIME LOCATION: Situated on a much-sought-after, quiet, tree-lined street with excellent walkability, just a few short blocks to downtown Corona del Mar and the beach. SPACIOUS LIVING: Both units are mirror images of each other, featuring 3 spacious bedrooms and 3 bathrooms. Each unit is filled with plenty of natural light, beamed ceilings and fireplaces in the family rooms, and cathedral ceilings in all bedrooms. FRONT UNIT: Double-wide French doors in the family room seamlessly blend indoor and outdoor spaces, leading to a fenced-off private courtyard that's perfect for entertaining and breathing in the ocean breeze. BACK UNIT: Features an expansive rooftop deck over the garage, facing west to capture those beautiful sunsets and cotton-candy skies. INVESTORS: This exceptional property is competitively priced...and offers an array of possibilities; whether you're looking to redevelop into two condos, enjoy one unit while renting out the other, or simply invest in a prime coastal location. It's a perfect hybrid property giving the investor the option to renovate now and rent out each unit between $6K-$8K per month, depending on the extent of the remodel. Proforma setup showing 4% cap rate is available upon request. Alternatively, it may be more suitable to tear-down and rebuild sometime in the future allowing for a bigger payout to the investor ideally if/when interest rates, labor & material costs decline. NOTE: This duplex is being offered for sale as-is and represents a rare gem in a highly desirable location. Don't miss this opportunity to own a piece of coastal luxury in Corona del Mar. Contact us today to explore the potential of this versatile property! Showings will be scheduled with qualified offers by appointment only. Please do not disturb tenants.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
7/13/2024$3,195,000$3,150,000-1.4%

Community Information

Address:613 Marigold Ave, Corona Del Mar, CA 92625
Area:CS - Corona Del Mar - Spyglass
County:Orange
City:Corona Del Mar
Subdivision:Corona Del Mar North Of Pch (Cnhw)
Zip Code:92625

School Information

School System:Newport Mesa Unified
High School:Corona Del Mar
Middle School:Corona Del Mar
Elementary School:Harbor View

Architecture

Bedrooms: 6
Bathrooms: 2 Full / 2 Half
Year Built:1973
Stories:2
Style:Duplex
Total Units: 2
Stories Total: 2
Roof: Composition
Garage Spaces: 2.0

Features / Amenities

Interior Features: Beamed Ceilings, Ceiling Fan(s), Cathedral Ceilings, Granite Counters, Tile Counters, AllBedroomsUp
Appliances: Dishwasher, Gas Cooktop, Disposal, Gas Oven, Gas Water Heater, Microwave, Water Heater
Fireplace Features: Electric, Family Room
Laundry: Washer Hookup, Gas Dryer Hookup, In Garage
Room Type: Bedroom, FamilyRoom, Kitchen, PrimaryBathroom, PrimaryBedroom
Patio And Porch: Front Porch, Rooftop
Door Features: French Doors
Entry Level: 1
Entry Location: Main/Lower Level
Common Walls: 1 Common Wall, No One Above, No One Below
Parking Features: Garage, On Street
Parking Total: 2.0
Heating: Forced Air, Fireplace(s)

Rooms

Features
Master Bedroom
BedroomAllBedroomsUp
BathroomBathroomExhaustFan,GraniteCounters,TubShower
KitchenTileCounters
Family Room
Kitchen
Master Bathroom

Property Features

Lot Size: 0.08 Acres / 3,489 Sq. Ft.
Lot Features: Item01UnitAcre
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Sewer: Public Sewer
Water: Public
Electric: Standard
Fencing: Vinyl, Wood
Directions:===== Quaintly nestled between 3rd and 4th Avenue...on the Westside of Marigold Avenue. =====

Tax and Financial Info

Buyer Financing: Cash, Trade
Terms: Cash, CashtoNewLoan, Conventional, Item1031Exchange
Land Lease: No

Listing Agent/Office

Agent:Ramzi Ataya
Office:Engel & Voelkers Newport Beach
Broker Phone:714-404-0606

Schools

WALKING AND TRANSPORTATION

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Based on information from California Regional Multiple Listing Service, Inc. as of July 19, 2024. 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. IDX provided by Sierra Interactive.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.