Listing Agent: Carl Wuestehube      Broker/Office: Tri-Star Realty
2715 Cove Corona Del Mar CA 92625
$ 6,248,000
  4   |    4   |    1647 Sq Feet

Listing ID

#OC26201520

Status

Active

Property Type

Duplex

Property Style

Bungalow

County

Orange

Neighborhood

Corona del Mar South of PCH (CDMS)

Year Built

1940

Days on website

12

Description
Maximize your portfolio with this turnkey investment opportunity located just 30 feet from the sand in Corona del Mar’s 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 capacity—an 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, completely updated footprint just steps from the beach, upscale shopping, and elite dining in one of Southern California's most resilient and appreciating real estate markets.
Location
Financial Information
List Price:  $ 6248000
Property Features
Appliances:  Dishwasher, Freezer, Microwave, Refrigerator
Flooring:  Laminate
Heating:  Central
High School District:  Newport Mesa Unified
Interior Features:  Balcony
Laundry Features:  Inside
Levels:  Two
Lot Features:  Walkstreet
Senior Community YN:  false
Structure Type:  Duplex
View:  Ocean, Water
Water Source:  Public
High School District:  Newport Mesa Unified
MLS Area Major:  CS - Corona Del Mar - Spyglass
City:  Corona Del Mar
Senior Community YN:  false
Listed By:   Carl Wuestehube   Tri-Star Realty 
CA Lic#