
Corona Del Mar, California 92625
Maximize your portfolio with this turnkey investment opportunity located just 30 feet from the sand in Corona del Mar’s highly exclusive China Cove. 2715 Cove Street is a completely renovated, dual-income duplex spanning a highly efficient 1,647 total square feet, offering an unbeatable coastal location paired with exceptional revenue potential. Strategically configured with two distinct 2-bedroom, 2-bathroom units, this property maximizes its footprint to deliver an attractive layout for high-end tenants. A true asset-multiplier for the area, the property boasts an unprecedented seven-vehicle parking capacity—an incredibly rare commodity that slashes vacancy rates, commands premium rental premiums, and accelerates long-term property valuation. Both updated units are optimized for high-yield performance, offering a uniform, low-maintenance design aesthetic with premium finishes that appeal to discerning tenants. The upper-level 2BR/2BA residence features sun-drenched, open-concept interiors and selective ocean views, making it an ideal candidate for a premium long-term lease or a high-rate executive rental. The ground-floor 2BR/2BA residence maximizes its footprint with inviting private outdoor patios, perfectly capturing the indoor-outdoor California lifestyle that renters willingly pay a premium to secure. Whether your strategy focuses on maximizing dual-income rental streams, executing a high-end corporate leasing model, or utilizing a live-in-one, rent-the-other strategy to offset your debt service, this asset delivers immediate cash-flow potential. Capitalize on a rare, completely updated footprint just steps from the beach, upscale shopping, and elite dining in one of Southern California's most resilient and appreciating real estate markets.
Property is new construction or fully renovated.
Although originally built in 1940, the property has undergone a complete high-end renovation. The interiors feature modern vaulted ceilings, recessed lighting, and premium finishes including marble vanities and contemporary hardwood flooring. The listing describes it as a turnkey asset with a low-maintenance design, placing it in mint condition consistent with a renovation completed within the last 5 years.
Elementary School: Roy O. Andersen Elementary School (9/10). High School: Corona Del Mar High School (9/10).
Situated just 30 feet from the sand in the exclusive China Cove, this property offers unparalleled beach access in one of Southern California's most prestigious and resilient markets.
The property features a rare seven-vehicle parking capacity, an unprecedented amenity for the area that significantly increases rental premiums and reduces vacancy risks.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3485, other record lot size in square feet = 3254. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1647, other record living area = 1332.
At a list price of over $6.2 million for 1,647 square feet, the property commands a significant premium that may challenge traditional valuation metrics and cap rate expectations.
With the total square footage divided into two separate 2-bedroom units, the individual living areas are relatively small, which may limit appeal for tenants seeking more spacious interiors.
No exterior & parking available.
Grades PK-6 • 0.7 mi
Grades K-6 • 1.4 mi
Grades K-6 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.5 |
| Square foot | 1,647 | 2,064 |
| Lot Size | 3,485 | 3,511 |
| Price | $6.25M | $3.71M |
| Price per sq ft | $3.8K | $2.1K |
| Built year | 1940 | 1959 |
| HOA | $0 | $0 |
| Days on market | 41 | 68 |
Sep 14, 2026
$6,248,000
Initial Listing
Mar 9, 2004
$1,890,000
Public Record
Oct 1, 2002
$1,650,000
Public Record