701 Jasmine, Corona Del Mar, California 92625, Corona Del Mar, 92625 - 3 bed, 2 bath
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Corona Del Mar, California 92625
This Residential Income Duplex presents a High-Potential Investment Opportunity with a List Price of $3,500,000—positioned well below the $3,939,229 Fair Market Value by 11%. This valuation gap offers $439,229 in Instant Equity. Featuring a Fair Condition Rating, the property offers significant upside through redevelopment on its rare corner lot. Located in the prestigious Flower Streets near Top-Rated Schools like Harbor View Elementary, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking long-term coastal appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 701 Jasmine Subject | $3,500,000* List Price | 3 | 2 | 1,215 | $3,242 | - |
A 708 Narcissus Sold | $3,415,000 | 4 | 2 | 978 | $3,492 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1952, this 74-year-old property exceeds the age threshold for 'Poor' or 'Tear-down,' but the 'updated kitchen' and well-maintained hardwood floors keep it in 'Fair' condition. While functional and move-in ready for tenants, the emphasis on 'future redevelopment' and 'upside' suggests that the core systems and structure are dated and the primary value lies in the land.
Elementary School: Harbor View Elementary School (9/10). High School: Corona Del Mar High School (9/10).
Situated on a rare corner lot in the highly coveted 'Flower Streets' of Corona del Mar, this property offers superior curb appeal and immediate proximity to world-class beaches and luxury amenities.
A rarity for the Village, the property includes individual garages for both units plus an additional oversized rear parking pad, significantly increasing its functional value and tenant appeal.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1215, other record living area = 480. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 1.
With only 1,215 total square feet divided between two residences, the individual living spaces are quite compact, which may deter buyers looking for a more spacious primary home.
Originally built in 1952, the property may require substantial capital investment to modernize structural systems and finishes to meet the expectations of today's luxury coastal market.
Seize this exceptional opportunity to own a charming Beach Bungalow duplex, on a rare corner-lot, in the highly coveted Flower Streets of Corona del Mar. This coastal property offers flexibility, income potential, and future development possibilities, capturing the essence of Southern California living and multiple lifestyle or investment options. The front residence features 2 bedrooms, 1 bath, hardwood floors, a welcoming fireplace, and an updated kitchen filled with natural light and coastal character. Privately situated at the rear of the property is the 1-bedroom, 1-bath unit featuring an efficiency kitchen, spacious living area, wood beam ceiling, and a Dutch door for those cool ocean breezes. This unit provides ideal flexibility for guests, rental income, or a convenient office space. Each residence includes its own garage and laundry, plus an additional oversized rear parking pad — a rare convenience in the Village. Whether you continue operating as an income-producing property with long-term tenants, live in one and lease the other, create a custom coastal vacation home, or explore future redevelopment opportunities, this property presents exceptional upside in one of Southern California’s most sought-after neighborhoods. Moments from world-class beaches, Newport Harbor, Hoag Hospital, Fashion Island, Fine Dining, Golf, Tennis, parks, and commuter access to the 73 Toll Road and Freeways - this property truly has it all!
No exterior & parking available.
Grades PK-6 • 0.2 mi
Grades K-6 • 0.9 mi
Grades K-6 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.5 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,215 | 2,107.5 | 42% |
| Lot Size | 3,485 | 3,541 | 25% |
| Price | $3.50M | $3.67M | 33% |
| Price per sq ft | $2.9K | $1.9K | 75% |
| Built year | 1952 | 1968 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 24 | 142 | 8% |
May 22, 2026
$3,500,000
Initial Listing