610 Marguerite Avenue, Corona Del Mar, CA 92625

$9,450,000
List Price
$9,450,000
MLS#
NP24117368
Status
ACTIVE
Type
Multifamily

Property Description

This is six-units made up of two triplexes that is not available anywhere else in Corona del Mar and is the first time on the market in over fifty years and may never be available again. This ultra-rare scenario is unique in that it is comprised of both 610 & 614 Marguerite Avenue adjoining parcels with each lot being 45 wide x 118 feet deep for a total of ninety feet of frontage and a combined 10,620 SF lot. Imagine what one can do with a 90' wide lot or two 45' wide lots or three 30' wide lots in the heart of Corona del Mar. The ultra-private setting is a garden oasis with lush landscaping creating a serene and peaceful living environment that is second to no other property on the flower streets. Three units are on 610 Marguerite and three units are on 614 Marguerite and are identical to each other. Fireplaces located in the front house and unit A. Property has been professionally managed by Genuine Property Management since 2018. Interior photos and 3D virtual tours are available. Copies of floor plan, leases, visual inspection reports, repair history, and tenant ledgers are available upon request. Close to all the Village restaurants, shops, and amenities, as well as a short walk to parks, trails, beaches, and Oasis Senior Center. Each unit has a one car garage, a shared laundry room, and is being sold as-is. Both lots are being sold together. Please do not disturb residents.

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

Courtesy of Old Newport Realty, Marcel Ford.