Est. cap rate

1.0%

Assumed rent, all units

$9,080/mo

Units

2

Price per unit

$2,625,000

Est. annual NOI

$54,480

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

5

Bathrooms

6

Building size

3,108 sqft

Lot size

3,540 sqft

Year built

2004

Stories

3

Garage spaces

2

Style

Custom Built,Spanish,Mediterranean

Heating

Central

Cooling

Central Air

Pool

None

View

Park/Greenbelt,Neighborhood,Peek-A-Boo

Status

Active

Days on market

4

MLS #

247575021

About this property

707 & 707½ Larkspur Avenue presents a rare opportunity to acquire a well-located duplex in the heart of Corona del Mar Village. Offered together and not available for separate purchase, the property provides exceptional flexibility for an owner-user, investor, or multi-generational living arrangement. Built in 2004 and beautifully maintained, the approximately 3,108 square-foot property comprises two thoughtfully designed residences that live more like separate homes than a traditional duplex. Separated by private patios that create a remarkable sense of privacy and independence, each residence enjoys its own laundry area and separate utilities, with four parking spaces in total - a one-car garage and one-car carport for each home. The front residence spans approximately 1,795 square feet and offers three bedrooms and two-and-one-half baths. An elevated front patio with a charming fountain and gas lamp fixtures welcomes guests, while French doors create a seamless connection between the living room and outdoor space. The custom kitchen, appointed with stainless steel appliances, opens to a dining area overlooking a private rear patio, complemented by a built-in desk, dry bar, generous pantry, and powder bath. Two fireplaces — one in the living room and one in the primary bedroom - add warmth and ambiance throughout. The second level holds the primary suite, with a custom-built closet, alongside two secondary bedrooms sharing a hall full bath. A private rooftop terrace crowns the home above, offering a peek-a-boo view of the water. The rear residence offers approximately 1,313 square feet with two bedrooms and two-and-one-half baths, with an open-concept living room and kitchen. Currently vacant and ready for a tenant or guest. Whether held as an investment, occupied while generating supplemental rental income, or utilized for multi-generational living, the property offers a range of ownership opportunities in one of Orange County's most sought-after coastal communities. Surrounded by the best of Corona del Mar Village - acclaimed dining, boutique shopping, pristine beaches, harbor activities, convenient freeway access, and nearby John Wayne Airport — the home is also in close proximity to the Community Youth Center and Grant Howald Park, and just steps to the OASIS Senior Center and Fitness Center. This exceptional offering invites you to invest in, live in, and enjoy the quintessential CdM lifestyle.

Location

707 Larkspur Avenue

Corona del Mar, Orange, CA, 92625