611 Larkspur, Corona Del Mar, California 92625, Corona Del Mar, 92625 - 5 bed, 3 bath
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Corona Del Mar, California 92625
This rare Residential Income Duplex presents a High-Potential Investment Opportunity with a List Price of $3,600,000—positioned above the $3,064,196 Fair Market Value. While the property requires capital expenditure given its Condition Rating of 4, the detached dual-residence layout on a prime Village lot offers significant development upside. Located in the Newport Mesa Unified district with access to 9/10 rated schools, this asset is ideal for Buy-and-Hold Investors or Developers seeking to build a custom coastal estate in a premier location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 611 Larkspur Subject | $3,600,000* List Price | 5 | 3 | 1,636 | $1,873 | - |
A 430 Goldenrod Sold | $3,775,000 | 5 | 3 | 2,225 | $1,697 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is a 1962 build that appears well-maintained but is significantly dated. The kitchen features older white tile countertops and basic appliances consistent with a 20+ year old renovation. The presence of a window AC unit suggests the lack of a modern central HVAC system. While functional and move-in ready for tenants, the listing's emphasis on 'designing a brand-new dream home' confirms it is nearing the end of its effective life cycle.
Elementary School: Harbor View Elementary School (9/10). High School: Corona Del Mar High School (9/10).
This rare single-level duplex features two detached residences with no shared walls, offering exceptional flexibility for rental income, multigenerational living, or a live-in-one-rent-the-other scenario.
Situated in the highly coveted Corona del Mar Village, the property is moments away from world-class beaches, Fashion Island, and top-tier schools, ensuring long-term value and desirability.
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 = 3573. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
Originally built in 1962, the structures may require significant capital expenditure for modern upgrades or a complete rebuild to meet the standards of contemporary luxury buyers.
With a list price of $3.6 million for approximately 1,636 square feet, the high price-per-square-foot reflects land value, which may limit immediate cash-flow returns for pure income investors.
Perfectly positioned on an exceptional Village lot, this rare single-level duplex presents a compelling opportunity for investors, developers, or those seeking to create a custom coastal retreat. Whether reimagining the existing residences, generating income while planning for the future, or designing a brand-new dream home, the possibilities are endless in one of Corona del Mar's most coveted locations. The property consists of two detached residences, the front home is a three bedroom two bath and the rear is a two bedroom one bath, with no shared walls and private outdoor living spaces. The front residence boasts an open-concept floor plan filled with natural light, vaulted beamed ceilings, abundant storage, and a charming white-washed masonry fireplace. Multiple outdoor spaces, including a beautifully landscaped front yard with a fire pit, enhance the home's indoor-outdoor appeal. A private enclosed garage adds convenience and functionality. The rear residence is equally appealing, featuring a well-maintained interior and an expansive private patio, offering comfort, privacy, and flexibility for guests, tenants, or multigenerational living. Located moments from renowned beaches, picturesque parks, Fashion Island, award-winning schools, celebrated dining, and boutique shopping, this property offers the quintessential Corona del Mar lifestyle.
No exterior & parking available.
Grades PK-6 • 0.3 mi
Grades K-6 • 0.9 mi
Grades K-6 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 58% |
| Baths | 3.0 | 2.0 | 58% |
| Square foot | 1,636 | 2,107.5 | 42% |
| Lot Size | 3,485 | 3,541 | 25% |
| Price | $3.60M | $3.67M | 42% |
| Price per sq ft | $2.2K | $1.9K | 75% |
| Built year | 1962 | 1968 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 140 | 8% |
Jun 1, 2026
$3,600,000
Initial Listing
Dec 10, 1996
$300,000
Public Record