2715 Cove, Corona Del Mar, CA 92625
2715 Cove, Corona Del Mar, CA 92625
2715 Cove, Corona Del Mar, CA 92625
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John R Thompson

John R Thompson

+1(805) 796-5221
Listed by Carl Wuestehube • Tri-Star Realty
$6,248,000
Est. payment /mo
1,647 SqFt
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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,647 sqft

Price per Sqft $3,793

MLS Listing ID OC-26201207

Style Bungalow

Year Built 1940

Lot Size 3,485 Sqft

Property Sub-Type Duplex

Source California Regional Multiple Listing Service (CRMLS)

Property Description

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.

Location

State CA

County Orange

Area Cs - Corona Del Mar - Spyglass

Interior

Interior Features Ceiling Fan(s), Cathedral Ceiling(s), Block Walls, Beamed Ceilings, Balcony

Heating Central

Flooring Laminate

Laundry In Kitchen, Individual Room, Inside

Exterior

Garage Spaces 2.0

Pool None

Community Features Watersports

Building

Lot Description Corner Lot, Walkstreet

Sewer Public Sewer

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John R Thompson

John R Thompson

+1(805) 796-5221

Broker/Owner License ID: 01200900

Broker/Owner License ID: 01200900

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2715 Cove