308 Marguerite Ave

308 MARGUERITE Avenue, Corona del Mar, CA 92625

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-A-Boo, Water
School District Newport Mesa Unified

Financial

SALES PRICE $2,875,000

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