Est. cap rate

1.0%

Assumed rent, all units

$7,720/mo

Units

2

Price per unit

$2,250,000

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.

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

2,500 sqft

Lot size

4,156 sqft

Year built

1972

Stories

2

Garage spaces

2

Pool

None

View

Ocean,Park/Greenbelt,Neighborhood

Status

Active

Days on market

1

MLS #

247330762

About this property

A compelling development opportunity south of Pacific Coast Highway in Corona del Mar, positioned just one block from the beach and moments from the Village. The 35-foot-wide parcel offers dimensions notably wider than many Village properties, complemented by smaller setbacks that create an advantageous building envelope and greater design flexibility. The frontage allows for a generous architectural presence and improved interior proportions. Currently providing a three-bedroom, two-bath front residence with ocean views from the front patio and a two-bedroom, one-bath rear residence with city and park views, the property offers existing improvements ahead of future redevelopment. With the beach at the end of the block, a south-of-PCH location, favorable lot dimensions, reduced setbacks, and meaningful buildable square footage, the property presents a strong foundation for a thoughtfully designed Corona del Mar redevelopment project.

Location

310 Fernleaf

Corona del Mar, Orange, CA, 92625