510 Avocado, Newport Beach, CA 92625
- $3,995,000
- List Price
- $3,995,000
- Status
- ACTIVE
- MLS#
- NP26174879
- Year Built
- 1972
- Lot Size
- 3,354
- Acres
- 0.08
- Lot Location
- 0-1 Unit/Acre, Near Park, Rectangular Lot
- Days on Market
- 4
- Property Type
- Multifamily
- Style
- Cape Cod
- Property Sub Type
- Duplex
- Stories
- Two Levels
- Neighborhood
- Corona Del Mar South Of Pch (Cdms)
Property Description
510 and 510 1/2 Avocado is an exceptional investment and development opportunity in one of Corona Del Mar's most desirable neighborhoods. Situated on an approximately 30' x 118' lot (3,540 sq. ft.) in the coveted Flower Streets, this existing duplex offers endless possibilities—live in as-is or lease for immediate income, renovate to maximize value, or redevelop into two custom luxury residences. Each unit of approx. 1,500 SF features 3 bedrooms, 2 bathrooms, plus a versatile bonus room that can be used as an office, or additional living space. The upper unit enjoys ocean views and a spacious private deck, perfect for indoor-outdoor coastal living. The lower unit has a front deck off the living room with peek-a-boo ocean views. Both properties open to the coastal breeze and sunsets. Located oceanside of Pacific Coast Highway, just two blocks from Begonia Park and across from the prestigious Irvine Terrace neighborhood, this property is also a short stroll to the shops, restaurants, and beaches of the Corona del Mar Village. Additional highlights include: -Great ingress/egress avoids Village traffic -Median with 2x free street parking as other locations -Shared two-car garage with storage space -Stately, wide street creates feeling of openness -Highly sought-after Flower Streets location -Elevated lot for privacy and enhanced views -Outstanding opportunity to remodel, hold, or build new. This is a rare chance to own a premier property in the heart of Corona del Mar, offering exceptional lifestyle appeal and long-term investment potential.
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Additional Information
- Appliances
- 6 Burner Stove, Dishwasher, Freezer, Refrigerator, Water Heater
- Pool Description
- None
- Fireplace Description
- Living Room
- Heat
- Forced Air
- Cooling Description
- None
- View
- Neighborhood, Ocean
- Garage Spaces Total
- 2
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Beamed Ceilings, Ceiling Fan(s), High Ceilings, All Bedrooms Up, All Bedrooms Down
- Attached Structure
- Attached
- Number Of Units Total
- 2
- Gross Scheduled Income
- $168,000
Listing courtesy of Listing Agent: Grant Bixby (grant@bixbyresidential.com) from Listing Office: Compass.
Mortgage Calculator
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.