Listed by Obeid Habibi, Luxe Real Estate,

2511 Seaview Avenue

Corona del Mar, CA, 92625

$5,750,000

$2,300 per ft²
$5,750,000
$2,300 per ft²
Active
Active
 - For Sale
beds
5 Beds
baths
3 Baths
carpenters-square
2,500 ft²
property_type
Multi-family
calendar
Built 1961
Embodying arguably every characteristic of what one looks for in a charming Corona Del Mar Village Lot, seldom does an opportunity like this rare offering present itself. 2511 Seaview Ave is one of the last oversized parcels, featuring 45 feet plus of frontage, 118 feet of depth, sited on an R-2 zoned corner, oceanside of Pacific Coast Hwy inclusive of currently both Outdoor Yard space, and Bay + City Light Views. The potential stretches as far as ones imagination allows on this approx. 5,641 Sqft lot; currently functioning as a Duplex, and included in the sale is the lower unit at 2501 Seaview Ave. Find joy in a designated active lifestyle encouraging walkability; being just steps to multiple world class beaches including CDM State Beach, Little Corona, China Cove, and a short stroll to the CDM village shops and restaurants, all while having immediate proximity to Fashion Island & South Coast Plaza, award winning schools, the resort at Pelican Hill, renowned Crystal Cove promenade and Nature Preserve trails. The existing humble structure features a 3/2 up and 2/1 down, 2 car garage for upper unit, 1 for lower, along with dedicated laundry room. Live in one unit and rent the other, keep the property as a pure investment and benefit from the appreciation over time, rent both units while drawing and submitting plans, redevelop and build your dream home, or spec 2 units; the options are without exception and as comprehensive as they come. The building envelop lends itself to push up well past the existing structure and realize the appropriate potential with a roof deck showcasing premier 360 degree views of Ocean, Catalina, Newport Harbor, Coastline, City Lights, Boat activity, majestic year-round Sunsets, and all the beauty that is the California Riviera. Breathe life into what could very well be the space you’ve been looking for.
MLS® ID:
OC22245926
Listed:
11/22/22
Updated:
1/26/23

Interior Features

Total Bedrooms
5
Full Bathrooms
3
Interior Features
All Bedrooms Up, All Bedrooms Down, Bedroom on Main Level
Laundry Description
In Garage, Laundry Room
Fireplace
Family Room
Cooling
None

Exterior/Building Features

Lot Size
5,641 ft² lot
Architectural Style
Duplex
Lot Details
0-1 Unit/Acre, Corner Lot, Front Yard, Landscaped, Near Park, Rectangular Lot, Value In Land, Yard
Sewer
Public Sewer

School Information

School District
Newport Mesa Unified
High School
Corona Del Mar
Middle/Jr High
Corona Del Mar
Elementary School
Harbor View

Other Property Details

Area Name
CS - Corona Del Mar - Spyglass
Association Amenities
Biking, Curbs, Fishing, Golf, Gutter(s), Hiking, Mountainous, Sidewalks, Water Sports, Park
Garage
Yes
Garage Spaces
3
Parking
3
Parking Total
3.0
View
Y
County
Orange
Water Source
Public
Pool
No
Pool Description
None
Total Stories
2
Zoning
R-2
Buyer Agency Compensation
2.500

Property History

Date
Event
Price
Value
1/7/23
Price Change
$5,750,000
-4%

Listed by Luxe Real Estate, Obeid Habibi,
Listing Contact:  

Based on information from California Regional Multiple Listing Service, Inc. as of 1/26/23. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 9:38 PM UTC, 1/26/23

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