Est. cap rate

1.0%

Assumed rent, all units

$7,720/mo

Units

2

Price per unit

$2,400,000

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

3,649 sqft

Lot size

3,485 sqft

Year built

1973

Stories

2

Garage spaces

2

Style

Modern

Heating

Central

Cooling

Gas,Central Air

Pool

None

View

Mountain(s),Neighborhood,Hills,Panoramic

Status

Active

Days on market

160

MLS #

248875504

About this property

TWO DISTINCT RESIDENCES. ONE EXCEPTIONAL COASTAL ADDRESS. AN OPPORTUNITY NOT TO BE MISSED. SELLING BY AUCTION | OWNER’S INSTRUCTIONS ARE CLEAR | 14-DAY SALE CAMPAIGN What if your next property offered more than a place to live? Imagine the freedom to bring family together, generate potential income, invest in your future, or embrace a new way of coastal living. Welcome to 520 Iris Avenue, Corona del Mar. Beautifully reimagined and thoughtfully remodeled, this distinctive property offers approximately 3,649 square feet across two separate three-bedroom residences, combining coastal sophistication, versatility, and long-term opportunity. For multigenerational families, enjoy the privilege of living close to loved ones while preserving the privacy and independence of separate residences. For homeowners, embrace the Corona del Mar lifestyle while exploring the potential for rental income from the second residence. For investors, discover the appeal of two residences within one property in one of Southern California’s most desirable coastal communities. Situated in the heart of Corona del Mar Village, 520 Iris Avenue places you moments from charming cafés, acclaimed restaurants, boutique shopping, and the breathtaking coastline. Yet what truly distinguishes this property extends beyond its beautifully remodeled interiors and coveted location. It’s the possibilities. YOUR OPPORTUNITY IS NOW. The owner has issued firm instructions to sell and authorized a focused 14-day auction campaign through Sellers Reserve. Unlike a traditional open-ended listing, this property is being offered through a defined, time-sensitive competitive sale process, bringing interested buyers together within a limited window of opportunity. The auction date is set. The campaign is underway. The opportunity to act is limited. Whether you’re seeking a sophisticated coastal residence, a multigenerational living arrangement, or a compelling investment opportunity, 520 Iris Avenue deserves your immediate attention. ONE ADDRESS. MORE POSSIBILITIES. ONE OPPORTUNITY. Presented by Bud Mastrapolo | Ocean Collective Auction and marketing campaign powered by Sellers Reserve. Sale subject to published auction terms and seller’s reserve, if applicable.

Location

520 Iris

Corona del Mar, Orange, CA, 92625