705 Iris Avenue

Corona del Mar, CA 92625

$3,375,000
Price
5
Beds
4
Baths
2,350 Sq. Ft.
$1,436 / Sq. Ft.
2,350
Sq. Ft.
$1,436
per Sq. Ft.

Description

Centrally located in the Village of Corona del Mar, 705 Iris offers a wealth of possibilities! Currently configured as a triplex, the property could be a consistent income generator for the new owner. The main residence consists of two bedrooms and two bathrooms. The updated kitchen is open to a living room where natural light pours in, and a charming fireplace sits ready to warm coastal nights. The spacious living area that opens to a large front patio via a wall of folding doors. The rear cottage...Centrally located in the Village of Corona del Mar, 705 Iris offers a wealth of possibilities! Currently configured as a triplex, the property could be a consistent income generator for the new owner. The main residence consists of two bedrooms and two bathrooms. The updated kitchen is open to a living room where natural light pours in, and a charming fireplace sits ready to warm coastal nights. The spacious living area that opens to a large front patio via a wall of folding doors. The rear cottage sits above the two car garage and consists of two bedrooms and one bathroom. The third unit is a large, ground level studio. Although immensely livable as-is - the property is primed for redevelopment. Located just minutes to beautiful beaches, shopping, and award winning restaurants. This alluring cottage style home is ready for any number of living options.

Listing Agent

  1. Nick Hooper

    Nick Hooper

    Listing Agent

    Compass

    DRE #01962012

Property Details for 705 Iris Avenue

View
Neighborhood
Parking Spaces Total
2
Private Pool
No
Cooling Type
N/K
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2350

Location

Listing Courtesy of Compass, Nick Hooper, DRE #01962012; O'Shaughnessy Group Real Estate, Brett Lucas, DRE #01963994
Add your commute
LISTING UPDATED: 04/28/2024 09:47 AM

Property Details for 705 Iris Avenue

StatusActive
MLS #LG24062639
Days on Market26
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential
Year Built1950
CountyOrange County

Location

Listing Courtesy of Compass, Nick Hooper, DRE #01962012; O'Shaughnessy Group Real Estate, Brett Lucas, DRE #01963994
Add your commute

Building Information for 705 Iris Avenue

Building/Complex705 Iris AveFloor-Stories2Residences-Pet Policy-Year Built1950Building Size-

Payment Calculator

$21,105 per month

30 year fixed, 7.25% Interest

Principal and Interest

$18,419

Property Taxes

$2,686

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 705 Iris Avenue

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Current Financing: None
Expense Details
  • Operating Expense: $0
  • Fuel Expense: $0
  • Electric Expense: $1,440
  • Insurance Expense: $300
  • Trash Expense: $720
  • Water Sewer Expense: $1,200
  • Total Expenses: $3,660
Tax / Assessment Info
  • Tax Block: 735
  • Tax Tract: 186
  • Tax Tract Number: 186
  • Tax Census Tract: 627.02
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 5
Community / Development
Community / Development
  • Accessibility Features: 2+ Access Exits
  • Disability Access: 2+ Access Exits
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Free-Standing Range, Disposal, Refrigerator
  • Equipment: Dishwasher, Dryer, Dryer Included, Garage, Refrigerator, Washer, Washer Included
Exterior Features
  • Door Features: French Doors
  • Window Features: Custom Covering
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Roof: Shingle
  • Entry Location: Iris
  • Foundation Details: Slab
  • Structure Type: Triplex
  • Property Condition: Updated/Remodeled
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Landscaped
  • Lease Considered: No
  • Number Of Units: 3
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Sewer/Septic: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Electric: 220 Volts in Garage
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Garage
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Attached Garage: Yes
  • Parking Features: Garage, Garage Faces Rear
Property / Structure Info
  • Builders Tract Name: Corona del Mar North of PCH
  • Builders Tract Code: Corona del Mar North of PCH (CNHW)
  • Residential Styles: All Other Attached
  • Residential Unit Location: 1 common wall
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 7500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 4500
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 0
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number With Dishwasher: 1
  • Number With Range: 2
  • Number With Refrigerator: 3
  • Number With Carpet: 2
  • Number With Drapes: 3
  • Number With Patio: 2

Property History for 705 Iris Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 705 Iris Avenue

Taxable ValueLand$2,906,420Additions$118,580Total$3,025,000
Tax Record2023$32,234 ($2,686 / month)
Home Facts
Beds2Total Finished SqFt810 SqFtAbove Grade Finished SqFt810 SqFtStories1Lot Size3,541 SqFtStyleSingle Family ResidenceYear Built1950CountyORANGEAPN459-042-13Fireplace TypeHas Fireplace

Schools near 705 Iris Avenue

This home is within Newport-Mesa Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 12
Public - K to 12
Public - 9 to 12
Rating
School
Distance
Harbor View Elementary School
PublicK to 6

Corona Del Mar High School
Public7 to 12

Monte Vista High School
PublicK to 12

Back Bay High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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705 Iris Avenue is a multi-family home for sale in Corona del Mar, CA 92625. This property was listed for sale on March 19, 2024 by Compass, it's currently listed at $3,375,000. It has been on the market for a total of 26 days and was last sold on September 19, 2022. This listing's school district is Newport-Mesa Unified School District. Nearby schools include Harbor View Elementary School, Corona Del Mar High School and Monte Vista High School. 705 Iris Avenue is a 5-bed, 4-bath, 2,350 sqft multi-family home built in 1950.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Nick Hooper, DRE #01962012; O'Shaughnessy Group Real Estate, Brett Lucas, DRE #01963994

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.