Deal numbers
- Est. cap rate
- 0.8%
- Assumed rent, all units
- $7,720/mo
- Units
- 2
- Price per unit
- $2,749,000
- Est. annual NOI
- $46,320
- Expense assumption
- 50%
Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.
Run your own numbers
Adjust the assumptions to see cash flow and cash on cash return.
- Effective gross income
- $88,008
- Operating expenses
- $44,004
- Net operating income
- $44,004
- Annual debt service
- $329,205
- Annual cash flow
- -$285,201
- Cash on cash return
- -20.7%
- Down payment
- $1,374,500
Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.
Property details
- Type
- Duplex
- Bedrooms
- 2
- Building size
- 2,802 sqft
- Lot size
- 3,537 sqft
- Year built
- 1970
- Stories
- 2
- Garage spaces
- 2
- Heating
- Forced Air
- Cooling
- Central Air
- Pool
- None
- View
- Neighborhood
- Status
- Active
- Days on market
- 17
- MLS #
- 244177417
About this property
Rare opportunity to own a beautifully remodeled duplex in the heart of Corona del Mar, offering exceptional flexibility for owner-occupants, investors, or multi-generational living. The front residence features 3 bedrooms and 2.5 baths with an open-concept floor plan, custom kitchen with stainless steel appliances, center island, skylights, abundant natural light, vinyl flooring, interior laundry, and an attached two-car garage with epoxy flooring. The spacious primary suite offers a walk-in closet and spa-inspired bath with dual sinks and a multi-head walk-in shower. A large private front patio provides the perfect setting for entertaining and enjoying the coastal lifestyle. The rear residence offers 2 bedrooms and 2 baths and has been thoughtfully remodeled with quartz countertops, stainless steel appliances, vinyl flooring, recessed lighting, dual-pane windows, and an open living area filled with natural light. The primary suite features dual sinks and a walk-in closet, while a private patio with skylight creates a tranquil outdoor retreat. Located just moments from Corona del Mar's renowned restaurants, boutiques, beaches, Fashion Island, and John Wayne Airport, this turnkey duplex presents an incredible opportunity in one of Orange County's most sought-after coastal communities.
Location
503 Marguerite
Corona del Mar, Orange, CA, 92625