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Listing 18 out of 112
$2,185,000 For Sale

416 Larkspur Avenue
Corona del Mar, CA 92625

3 beds, 3 full, 1 partial baths | Single Family Home
3,001 sq ft; lot: 3541 sq ft - MLS# NP19009135
Property Photo
1/18

Description

Offering numerous scenarios from multi-family investment, condo conversion, to a complete redevelopment, 416 Larkspur is ideally located in the heart of the Village, maximizing returns for the prospective buyer. The attractive duplex, constructed in 1996, exhibits a strong rental history with the ability to grow in-place rents, or substantially increase proforma rents through a conservative remodel. Given the current configuration of the building, one could endeavor to condo the property as well, offering multiple unit sales or owner and tenant occupancy. A complete redevelopment of the property offers a unique opportunity for maximizing square footage on the R2 lot, given the reduced front yard setback North of PCH. Typical lots in the area have 20-foot setbacks, whereas 416 Larkspur benefits from a 10-foot front yard setback, thereby maximizing the buildable square footage. Experience the finest in Corona del Mar living close to area dining such as Zinc, Bandera, and the Quiet Woman. World famous beaches, Fashion Island, and Newport Center are just moments away.

Features

  • Property Type: Single Family Home
  • Sub Type: Duplex
  • Listing Status: Active
  • Zip Code: 92625
  • Year Built: 1996
  • Subdivision/Neighborhood: Corona Del Mar North Of Pch (Cnhw)
  • School District: Newport Mesa Unified
  • Sq.Ft.: 3,001 sq ft
  • Stories: Two
  • Bedrooms: 3
  • Full Baths: 3
  • Half Baths: 1
  • Garage: 2-Car
  • # of Parking Spaces: 4.00
  • Fireplace: Living Room, Yes
  • Lot Size: 3541 sq ft
  • Baths: 4
  • Area: CS - Corona Del Mar - Spyglass
  • Appliances: Dishwasher, Double Oven, Electric Cooktop, Disposal, Refrigerator
  • Appliances YN: Yes
  • Bathroom Features: Jetted Tub
  • Carport Spaces: 2.00
  • Common Walls: 1 Common Wall
  • Community Features: Sidewalks
  • Cooling: Central Air
  • Cooling YN: Yes
  • Country: US
  • Directions: 416 Larkspur Ave, Corona del Mar
  • Eating Area: In Living Room
  • Entry Level: 1
  • Entry Location: 1
  • Flooring: Carpet, Vinyl
  • Heating: Central
  • Heating YN: Yes
  • Interior Features: 2 Staircases, Ceiling Fan(s), High Ceilings
  • Laundry Features: Individual Room
  • Laundry YN: Yes
  • Listing Agent License: 01865418
  • Listing Office License: 00616212
  • Living Area Source: Plans
  • Lot Features: Rectangular Lot
  • Lot Size Area: 3540.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Major Change Type: New Listing
  • Parking Features: Carport, Garage
  • Parking YN: Yes
  • Property Attached YN: Yes
  • Roof: Composition
  • Room Type: Great Room, Kitchen, Laundry, Loft, Main Floor Master Bedroom, Walk-In Closet
  • Sewer: Public Sewer
  • Stories Total: 2
  • Water Source: Public
Courtesy of Coldwell Banker Res. Brokerage, Mary Golding

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