2614 Ocean Boulevard A+b, Corona Del Mar, California 92625, Corona Del Mar, 92625 - bed, bath
ACTIVE UNDER CONTRACT$6,999,999
2614 Ocean Boulevard A+b, Corona Del Mar, California 92625
0Bed
0Bath
3,280Sqft
4,024Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: Elementary School: Harbor View Elementary School (9/10). High School: Corona Del Mar High School (9/10).
Top Cons:
Requires Significant Modernization: Built in 1991, the property likely necessitates substantial renovation and updates to meet contemporary luxury standards, implying considerable capital investment for a new owner.
Compared to the nearby listings
Price:$7.00M vs avg $3.30M (+$3,699,999)92%
Size:3,280 sqft vs avg 2,093 sqft83%
Price/sqft:$2.1K vs avg $2.0K58%
More Insights
Built in 1991 (34 years old).
Condition: The property was built in 1991, making it 33 years old. The images clearly show dated features in the kitchen and bathrooms, consistent with its age and lack of recent extensive renovation. The kitchen has white cabinets, tile countertops, and white appliances that appear functional but are aesthetically outdated. The bathroom features a pinkish marble-look countertop, white cabinets, and carpeted flooring, all indicative of early 90s style. While the property appears maintained and functional, it requires significant modernization and updates to meet current standards, as also suggested by the listing description which mentions 'Fix & Flip, remodel, rebuild, renovate'.
Year Built
1991
Close
-
List price
$7M
Original List price
$10M
Price/Sqft
$2,134
HOA
-
Days on market
-
Sold On
-
MLS number
OC25007386
Home ConditionFair
Features
Excellent View: Coastline
Deck
ViewCoastline
About this home
MASSIVE PRICE REDUCTION!!! Wake up to the sound of the ocean, watch the sunsets paint Catalina in gold, and let your property work for you - because with this opportunity, you get it ALL! Rarely do duplexes open up on CDM's Ocean Blvd. Rarer still are ones with views like this and just moments away from Corona del Mar’s village shops, restaurants, Fashion Island, Lido Marina Village, and award-winning schools. Built in the early 90's, this two story duplex boasts a 2 bedroom ground-floor unit and a 3 bedroom 2nd floor unit with a rooftop deck. Two car garage plus covered tandem parking for two more cars PLUS street front parking means you and your guests are never far from the breathtaking views of the Jetty, China Cove and the spectacular Catalina Island sunsets you'll be toasting from your deck or patio. Best of all, this duplex has two separate APN's (meaning that you could remodel one or both & sell them off separately). Fix & Flip, remodel, rebuild, renovate or just rent - all are great choices for this phenomenal CDM duplex opportunity!
Nearby schools
9/10
Harbor View Elementary School
Public,•PK-6•0.6mi
7/10
Abraham Lincoln Elementary School
Public,•K-6•1.3mi
9/10
Roy O. Andersen Elementary School
Public,•K-6•2.0mi
9/10
Newport Coast Elementary School
Public,•PK-6•3.1mi
9/10
Corona Del Mar High School
Public,•7-12•2.6mi
Condition Rating
Fair
The property was built in 1991, making it 33 years old. The images clearly show dated features in the kitchen and bathrooms, consistent with its age and lack of recent extensive renovation. The kitchen has white cabinets, tile countertops, and white appliances that appear functional but are aesthetically outdated. The bathroom features a pinkish marble-look countertop, white cabinets, and carpeted flooring, all indicative of early 90s style. While the property appears maintained and functional, it requires significant modernization and updates to meet current standards, as also suggested by the listing description which mentions 'Fix & Flip, remodel, rebuild, renovate'.
Pros & Cons
Pros
Great Schools: Elementary School: Harbor View Elementary School (9/10). High School: Corona Del Mar High School (9/10).
Unparalleled Oceanfront Location: The property boasts a rare and highly sought-after oceanfront address on Corona Del Mar's Ocean Blvd, offering direct access to ocean sounds and an exclusive coastal lifestyle.
Breathtaking Panoramic Views: It provides spectacular, unobstructed views of the Jetty, China Cove, and Catalina Island sunsets, significantly enhancing its appeal and intrinsic value.
Exceptional Investment Versatility: With two separate APNs, the property offers diverse investment strategies, including the potential for individual unit sales, extensive renovation, or continued rental income, maximizing future value.
Abundant Parking Solutions: The property includes a two-car garage, covered tandem parking for two additional vehicles, and street parking, a significant advantage in a desirable coastal community.
Proximity to Premier Amenities & Schools: Located moments from Corona del Mar's village shops, upscale restaurants, Fashion Island, Lido Marina Village, and top-rated schools, it offers a highly convenient and desirable lifestyle.
Cons
Requires Significant Modernization: Built in 1991, the property likely necessitates substantial renovation and updates to meet contemporary luxury standards, implying considerable capital investment for a new owner.
History of Substantial Price Reductions: The significant drop from an original list price of nearly $10M to $7M suggests initial overpricing or challenges in market valuation, which could raise buyer concerns.
Duplex Configuration in Luxury Market: While offering income potential, the duplex format may not appeal to all high-net-worth buyers in Corona Del Mar who often prioritize single-family exclusivity, potentially narrowing the buyer pool.