$2,695,000 - 2516 & 2518 Bayside Drive, Corona Del Mar

  • 0Beds
  • Baths
  • 2,388SQ. Feet
  • 3,540.00Acres

Multi-unit Income property with Bay Views! Ideally located, a block from Begonia Park and within walking distance to the Beach. Nestled in Corona del Mar village, south of PCH and adjacent to walking trails/sidewalks. Enter through a dedicated driveway for only two parcels and elevated from Bayside Drive, this property is spacious between it's neighbors. Zoned R2 but currently has Three units (all rented), each having their own mailing address. The studio unit is non-conforming (2516 ½). Two (2516 & 2518) have 2 Bed/2 Bath/1-car garage and parking. The Two bedroom units each have A/C, newer appliances, refrigerators, and washer/dryer laundry closets. One unit has newly two remodeled bathrooms and the other has newer hardwood floors. Both have vaulted hardwood ceilings and lots of windows with views. The studio unit includes a storage room, a covered patio and side yard. Geological and topography reports are done. Leave As Is or Build two new dream homes with Bay Views! Good current cap rate too. Buyer to cooperate with 1031 exchange.

Sales Agent

Sam Smith TeamLaguna Beach Realtors ®Phone: 949-355-1622Cell: 949-355-1622Contact Agent Now

Essential Information

  • MLS® #:OC19183258
  • Price:$2,695,000
  • Bathrooms:0.00
  • Square Footage:2,388
  • Acres:3,540.00
  • Year Built:1972
  • Type:Residential Income
  • Status:Active

Community Information

  • Address:2516 & 2518 Bayside Drive
  • Area:Corona Del Mar - Spyglass (CS)
  • Subdivision:Corona del Mar South of PCH (CDMS)
  • City:Corona Del Mar
  • County:Orange
  • State:CA
  • Zip Code:92625

Amenities

  • Parking Spaces:2
  • # of Garages:2
  • Is Waterfront:Yes
  • Waterfront:Ocean Side of Freeway, Ocean Side of Highway 1

Interior

  • Appliances:Dishwasher, Garbage Disposal, Electric Range
  • Heating:Forced Air
  • Cooling:Central A/C

Exterior

  • Lot Description:Lot Shape-Rectangular, Sprinkler System, Lot-Level/Flat

Additional Information

  • Date Listed:August 1st, 2019
  • Days on Market:15
  • Zoning:R2

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Provided By: Michelle Ultimo Hall(01031639), Ultimo Properties, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of August 17th, 2019 at 8:02pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.