308 Marguerite Ave

HIGHLY PROFITABLE Corona del Mar triplex situated in a premier location of the Village just 1 short block to the beach and nearby local shops and restaurants. For builders: Being set on Marguerite allows for unique setbacks and fascinating views – supplying favored accommodations for a Corona del Mar builder – neighboring properties have provided record sales. For investment property owners: The property rates as a five-star on main stream rental sites and generates a high annual income amount. Rent the property while planning and permitting process is underway. All three units have been upgraded with designer finishes. This is a rare opportunity as very few triplexes exist in the village. The single-story front unit, is equipped with 2 bedrooms; 1 bathroom; fireplace; hardwood floors; and welcomes you with an ocean-view, large front patio. The single story middle unit offers 1 bedroom; 1 bathroom; and a side patio. The rear upper unit, boasts 2 bedrooms; 1 bathroom; hardwood floors, open floor plan and peek-a-boo ocean views. The property offers a large laundry room and storage area to the tenants of the triplex, along with a three-car garage. Units rent immediately with multiple applicants and have very low vacancy, if any. Seller’s full proforma available upon request.

Features & Amenities

Interior

Total Bedrooms 5
Total Bathrooms 3
Full Bathrooms 3
Laundry Room Common Area
Flooring Wood
Fireplace Living Room, See Remarks
Appliances Free-Standing Range, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator
Other Interior Features Built-in Features, Ceiling Fan(s), Granite Counters, Open Floorplan, All Bedrooms Up, All Bedrooms Down, Bedroom on Main Level

Exterior

Stories 2
Garage Space 3
Water Source Public
POOL None
Lot Features Near Park, Near Public Transit, Walkstreet
Parking Garage, Garage Faces Rear
Heat Type Fireplace(s), Wall Furnace
Air Conditioning Wall/Window Unit(s)
Sewer Public Sewer
HOA Amenities Curbs, Park

Area & Lot

Status Sold
LIVING SPACE 2,749 Sq.Ft.
LOT SIZE 0.08 Acres
MLS ID NP20010242
Type RESIDENTIAL
Year Built 1955
Architecture Styles Cottage, Traditional, Patio Home
Water Frontage Across the Road from Lake/Ocean,Beach Access,Ocean Side Of Freeway,Ocean Side Of Highway
View Description City Lights, Ocean, Peek--Boo, Water
School District Newport Mesa Unified

Financial

SALES PRICE $2,875,000

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