Est. cap rate

0.9%

Assumed rent, all units

$7,720/mo

Units

2

Price per unit

$2,497,500

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

1,582 sqft

Lot size

3,485 sqft

Year built

1914

Stories

2

Garage spaces

2

Pool

None

Status

Active

Days on market

1

MLS #

247949964

About this property

An exceptional development opportunity in one of Corona del Mar’s most coveted locations, just a few doors from Ocean Boulevard and moments from the beach. The property offers a compelling opportunity to create a new coastal residence or duplex in a premier South of Pacific Coast Highway setting. The location places future development within steps of scenic overlooks, beaches, and the shops and restaurants of the Village. With an increasingly limited supply of redevelopment opportunities this close to Ocean Boulevard, the property presents an exciting canvas for a builder, investor, or owner seeking to create something special in the Village of Corona del Mar.

Location

214 Dahlia

Corona del Mar, Orange, CA, 92625