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Keith Nichols

Keith Nichols
Sells Orange County
Huntington Beach, CA

714-417-1363
Contact Me
DRE #01050395

Contact Me





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Listing 20 out of 121
$2,185,000 For Sale

416 Larkspur Avenue
Corona del Mar, CA 92625

2 units | Multi Family Home
3541 sq ft lot - MLS# NP19010449
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: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 92625
  • Year Built: 1996
  • Subdivision/Neighborhood: Corona Del Mar North Of Pch (Cnhw)
  • Stories: Two
  • Units: 2 units
  • # of Parking Spaces: 4.00
  • Fireplace: Living Room, Yes
  • Lot Size: 3541 sq ft lot
  • Area: CS - Corona Del Mar - Spyglass
  • Appliances: Dishwasher, Double Oven, Electric Cooktop, Disposal, Refrigerator
  • Appliances YN: Yes
  • Average 1 Bed Area: 691
  • Average 2 Bed Area: 2310
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 3001.00
  • Building Area Units: Square Feet
  • 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
  • Entry Level: 1
  • Entry Location: 1
  • Flooring: Carpet, Vinyl
  • Garage Spaces: 2.00
  • Gross Income: 76740.00
  • Gross Scheduled Income: 76740.00
  • Heating: Central
  • Heating YN: Yes
  • Insurance Expense: 1500.00
  • Interior Features: 2 Staircases, Ceiling Fan(s), High Ceilings
  • Laundry Features: Individual Room
  • Laundry YN: Yes
  • Listing Agent License: 01865418
  • Listing Office License: 00616212
  • Lot Features: Rectangular Lot
  • Lot Size Area: 3540.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 53062.00
  • New Taxes Expense: 22178.00
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Operating Expense: 23678.00
  • 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
  • Total Expenses: 23678.00
  • Water Source: Public
  • Year Built Source: Public Records
Courtesy of Coldwell Banker Res. Brokerage, Mary Golding

Keith Nichols | 714-417-1363 | Contact Me
Huntington Beach, CA 92646
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