5 Beds
5 Baths
2,550 SqFt
5 Beds
5 Baths
2,550 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,550 sqft
Price per Sqft $2,254
Subdivision Corona Del Mar South Of Pch (Cdms)
MLS Listing ID OC25079508
Bedrooms 5
Full Baths 5
Construction Status Building Permit
HOA Y/N No
Year Built 1972
Lot Size 3,541 Sqft
Property Sub-Type Single Family Residence
Property Description
Perched above Bayside Drive with harbor and ocean views, this rare multi-unit income property offers endless possibilities in one of Coastal Orange County's most coveted zip codes. Zoned R2 and featuring three well-maintained units, this unique lot also comes with plans set for approval by renowned architect Chris Brandon, showcasing a future architectural masterpiece — a modern coastal home with floor-to-ceiling glass, open-concept design, and a stunning rooftop deck with covered outdoor living space to soak in harbor views.Currently configured as a charming mid-century modern triplex, each unit boasts its own address:2516 & 2518 feature 2 beds, 2 baths, 1-car garages, vaulted wood-beamed ceilings, A/C, in-unit laundry, updated appliances, and expansive windows to capture the harbor views.2516 ½ is a private studio with a covered patio, side yard, and dedicated storage — ideal for guests, rental income, or a private workspace.The property sits on a special entitlement lot — spaciously set back via a private drive , offering privacy, abundant parking, and a park-like atmosphere. Located just one block from picturesque Begonia Park, walking distance to the beach and famed ocean blvd , the village,Newport Harbor, Fashion Island, walking trails, and the world-class shopping and dining of Corona del Mar and Newport Beach.Whether you're an investor seeking a premium long-term asset, a buyer looking to downsize and rent additional units, or a visionary ready to build a landmark coastal residence, this is your opportunity to own an irreplaceable piece of CDM real estate.
Opportunities like this rarely come to market / Proforma on existing available.
Location
State CA
County Orange
Area Cs - Corona Del Mar - Spyglass
Rooms
Other Rooms Storage
Main Level Bedrooms 1
Interior
Interior Features Beamed Ceilings, Breakfast Bar, Balcony, Breakfast Area, Block Walls, Ceiling Fan(s), High Ceilings, In-Law Floorplan, Laminate Counters, Living Room Deck Attached, Multiple Staircases, Tile Counters, All Bedrooms Up
Heating Central
Cooling Central Air
Flooring Laminate
Fireplaces Type None
Inclusions NEGOTIABLE
Fireplace No
Appliance 6 Burner Stove, Gas Range, Range Hood, Water Heater
Laundry Electric Dryer Hookup, Gas Dryer Hookup, Inside, Stacked
Exterior
Parking Features Concrete, Door-Multi, Driveway, Driveway Up Slope From Street, Garage Faces Front, Garage, Guest, Paved, Public, Private, On Street
Garage Spaces 2.0
Garage Description 2.0
Fence Block
Pool None
Community Features Biking, Curbs, Gutter(s), Park, Street Lights, Sidewalks
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Waterfront Description Ocean Side Of Highway
View Y/N Yes
View City Lights, Park/Greenbelt, Harbor, Ocean
Roof Type Asphalt,Composition,Flat
Accessibility No Stairs, Accessible Hallway(s)
Porch Concrete, Deck, Front Porch, Open, Patio, Terrace, Wood
Attached Garage Yes
Total Parking Spaces 8
Private Pool No
Building
Lot Description 2-5 Units/Acre, Front Yard, Greenbelt, Lawn, Rectangular Lot, Sprinklers Timer, Tear Down, Value In Land, Walkstreet
Dwelling Type House
Faces Northwest
Story 2
Entry Level Two
Foundation Raised, Slab
Sewer Public Sewer
Water Public
Architectural Style Mid-Century Modern
Level or Stories Two
Additional Building Storage
New Construction No
Construction Status Building Permit
Schools
Elementary Schools Harbor View
Middle Schools Lincoln
High Schools Corona Del Mar
School District Newport Mesa Unified
Others
Senior Community No
Tax ID 45911410
Security Features Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
GET MORE INFORMATION
Broker Associate | Lic# 01956495