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

3

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
Senior Community YN:  false
MLS Area Major:  CS - Corona Del Mar - Spyglass
City:  Corona Del Mar
Listed By:   Carl Wuestehube   Tri-Star Realty 
CA Lic#