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433 Iris Ave

Corona Del Mar, CA 92625 View Map $2,699,000 Schedule a Tour
Beds3
Baths3
Sq.Ft.2,035
Year2007
Celeste Gilles

Celeste Gilles

(949) 466-3176
DRE No.: 01209187

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Open House: Saturday, June 3, 2023 from 1:00 PM - 4:00 PM More
Status: Active
Property Type:Condominium
MLS #:LG23088552
Sq. Feet:2,035
On Site:11 Days
Lot Size:3,528 Sq. Ft.
County:Orange
Monthly HOA:$110

Listing Agent/Office

Agent:Brad Bankenbush
Office:Douglas Elliman Of California, Inc.
Welcome to 433 Iris Ave, a remarkable investment opportunity in the heart of Corona Del Mar, California. This property offers a rare chance to own a short-term rental property with an existing, coveted short-term rental license. Making this an excellent income-producing property for Airbnb rentals. The management of the property is already taken care of by a professional management company, making it a turnkey opportunity for a savvy investor. Situated just a few blocks away from the beach, this home allows for a delightful stroll to the sun-kissed shores. Additionally, it offers convenient access to a variety of amenities such as restaurants, grocery stores, coffee shops, and the prestigious Fashion Island shopping center. This unique property features three bedrooms and three full bathrooms, all fully remodeled and furnished to perfection. The rooftop terrace with a barbecue grill provides an ideal space for gatherings and entertaining guests. The remodeled kitchen boasts new appliances, including a stove and microwave, while modern hardwood floors adorn the stairs, hallways, and common areas. With 2035 square feet of living space makes for a desirable front unit south of Pacific Coast Highway. The attention to detail is evident throughout the home, showcasing custom flooring, natural stone, granite countertops, dual pane windows, French doors, and crown moldings. The open gourmet kitchen seamlessly flows into the spacious dining area, while a cozy fireplace graces the living room, creating an inviting ambiance for intimate or large-scale gatherings. Located on a corner lot south of PCH, this home was thoughtfully designed and built in 2007 to utilize the full width and depth of the large lot. Natural light illuminates all living areas, creating a bright and welcoming atmosphere. The upper level is dedicated to a master suite, complete with a luxurious bathroom, walk-in closet, and a private deck. An indoor laundry room, garage access, and carport provide convenience and ease of living. Living in this property offers a truly exceptional lifestyle, allowing you to experience the vibrant village of Corona Del Mar. Immerse yourself in breathtaking sunsets, indulge in fine dining experiences, explore specialty shops and boutiques, and delight in the local farmers market. With nature trails and the beach at your fingertips, you can enjoy the best of coastal living.

Mortgage Calculator

$000 Monthly Payment
Loan and interest only.

Detailed Maps

Community Information

Address:433 Iris Ave, Corona Del Mar, CA 92625
County:Orange
Zip Code:92625

School Information

School System:Newport Mesa Unified
High School:Corona Del Mar
Middle School:Corona Del Mar

Architecture

Bedrooms: 3
Bathrooms: 3
Year Built:2007
Stories:4
Style:Cape Cod, Craftsman, Traditional
Total Units: 4
Stories Total: 4
Garage Spaces: 2.0
Carport Spaces: 1.0

Features / Amenities

Interior Features: Built-in Features, Balcony, Ceiling Fan(s), Furnished, Granite Counters, High Ceilings, Living Room Deck Attached, Open Floorplan, Recessed Lighting, Wired for Data, Wired for Sound, Bedroom on Main Level, Walk-In Closet(s)
Appliances: Barbecue, Convection Oven, Dishwasher, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Freezer, Gas Oven, Gas Range, HighEfficiencyWaterHeater, Microwave, Refrigerator, Water Heater
Fireplace Features: Family Room
Flooring: Carpet, Stone, Wood
Laundry: Washer Hookup, Inside, Laundry Room
Exterior Features: Barbecue, Rain Gutters
Patio And Porch: Concrete, Covered, Deck, Front Porch, Patio, Porch
Direction Faces: Southeast
Door Features: DoubleDoorEntry, ENERGY STAR Qualified Doors, French Doors
Entry Level: 1
Entry Location: Front
Security Features: Pre Wired, Security System, Closed Circuit Camera(s), Smoke Detector(s), Security Lights
Window: ENERGY STAR Qualified Windows
Common Walls: 1 Common Wall
Parking Features: Attached Carport, Carport, Door-Single, Garage, Garage Faces Rear
Parking Total: 3.0
Cooling: Central Air
Heating: ENERGY STAR Qualified Equipment, Forced Air, HighEfficiency

Rooms

Master Bedroom
Master Bedroom
Master Bathroom
Bedroom
Living Room
Laundry
Kitchen
Great Room
Family Room
Kitchen
Bathroom
Entry/Foyer

Property Features

Lot Size: 0.08 Acres / 3,528 Sq. Ft.
Lot Features: Item25UnitsAcre, Corner Lot, Garden, NearPark
Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Water Available, Water Connected
Sewer: Public Sewer
Water: Public
Road Frontage: City Street
Road Surface: Paved
Fencing: NewCondition
Directions:S. on Pacific Coast HWY 1, Right on Iris Ave, home is on the Right.

Tax and Financial Info

Contingency: Short Term Rental Property with an existing RARE TO FIND SHORT TERM RENTAL LICENSE. Airbnb is Grandfathered in an Excellent Income-Producing Property for Airbnb Rental. Being Managed by a Management company.
Terms: Cash, CashtoExistingLoan, CashtoNewLoan, Conventional
Land Lease: No
Association Fee: $110 (paid Monthly)

Schools

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433 Iris Ave Corona Del Mar,  CA 92625
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433 Iris Ave Corona Del Mar, CA 92625
 
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Based on information from California Regional Multiple Listing Service, Inc. as of June 1, 2023. 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. IDX provided by Sierra Interactive.