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$ 6,248,000
Est. payment | /mo
4 Beds
4 Baths
3,485 Sqft Lot
$ 6,248,000
Est. payment | /mo
4 Beds
4 Baths
3,485 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Corona Del Mar South Of Pch (Cdm
MLS Listing ID OC26201207
Bedrooms 4
Lot Size 3,485 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Maximize your portfolio with this turnkey investment opportunity located just 30 feet from the sand in Corona del Mars highly exclusive China Cove. 2715 Cove Street is a completely renovated, dual-income duplex spanning a highly efficient 1,647 total square feet, offering an unbeatable coastal location paired with exceptional revenue potential. Strategically configured with two distinct 2-bedroom, 2-bathroom units, this property maximizes its footprint to deliver an attractive layout for high-end tenants. A true asset-multiplier for the area, the property boasts an unprecedented seven-vehicle parking capacityan incredibly rare commodity that slashes vacancy rates, commands premium rental premiums, and accelerates long-term property valuation. Both updated units are optimized for high-yield performance, offering a uniform, low-maintenance design aesthetic with premium finishes that appeal to discerning tenants. The upper-level 2BR/2BA residence features sun-drenched, open-concept interiors and selective ocean views, making it an ideal candidate for a premium long-term lease or a high-rate executive rental. The ground-floor 2BR/2BA residence maximizes its footprint with inviting private outdoor patios, perfectly capturing the indoor-outdoor California lifestyle that renters willingly pay a premium to secure. Whether your strategy focuses on maximizing dual-income rental streams, executing a high-end corporate leasing model, or utilizing a live-in-one, rent-the-other strategy to offset your debt service, this asset delivers immediate cash-flow potential. Capitalize on a rare,
Location
State CA
County Orange
Zoning Assessor
Direction PCH, South on Marguerite, West on Ocean Blvd, down the ramp to China Cove
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 05204503
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Carl Wuestehube, DRE#00634943 Tri-Star Realty
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