2715 Cove, Corona Del Mar, CA 92625

$6,248,000
4
BD
4
BA
1,647
SqFt

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List Price
$6,248,000
Status
ACTIVE
Days on Market
23
MLS#
OC26201520
Subtype
Residential
Style
Bungalow
Year Built
1940
Bedrooms
4
Bathrooms
4
Full Baths
4
Living Area
1,647
Lot Size
3,485
Acres
0.08
Subdivision
Corona Del Mar South Of Pch (Cdms)
Neighborhood
Corona Del Mar South Of Pch (Cdms)
MLS Area Major
Corona Del Mar - Spyglass (CS)

Property 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.

Additional Information

Interior Features
Beamed Ceilings, Balcony, Block Walls, Ceiling Fan(s), Cathedral Ceiling(s), Bedroom on Main Level, Main Level Primary, Walk-In Closet(s)
Property Description
Bungalow
Flooring
Laminate
Appliances
Built-In Range, Double Oven, Dishwasher, Freezer, Gas Range, Microwave, Refrigerator
Heating
Central
Air Conditioning
Yes
Stories
Two Levels
Levels
Two
Pool Type
None
Garage Spaces
2
School District
Newport Mesa Unified
View
Ocean, Water

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Carl Wuestehube (Carl@HomeListers.org) from Listing Office: Tri-Star Realty.

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.