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Rare Coastal Investment & Dream Build Opportunity in Corona del MarPerched above Bayside Drive with harbor and ocean views, this rare multi-unit income property offers endless possibilities in one of Coastal Orange County’s most coveted zip codes. Zoned R2 and featuring three well-maintained units, this unique lot also comes with plans set for approval by renowned architect Chris Brandon, showcasing a future architectural masterpiece — a modern coastal home with floor-to-ceiling glass, open-concept design, and a stunning rooftop deck with covered outdoor living space to soak in harbor views.Currently configured as a charming mid-century modern triplex, each unit boasts its own address:2516 & 2518 feature 2 beds, 2 baths, 1-car garages, vaulted wood-beamed ceilings, A/C, in-unit laundry, updated appliances, and expansive windows to capture the harbor views.2516 ½ is a private studio with a covered patio, side yard, and dedicated storage — ideal for guests, rental income, or a private workspace.The property sits on a special entitlement lot — spaciously set back via a private drive , offering privacy, abundant parking, and a park-like atmosphere. Located just one block from picturesque Begonia Park, walking distance to the beach and famed ocean blvd , the village,Newport Harbor, Fashion Island, walking trails, and the world-class shopping and dining of Corona del Mar and Newport Beach.Whether you're an investor seeking a premium long-term asset, a buyer looking to downsize and rent additional units, or a visionary ready to build a landmark coastal residence, this is your opportunity to own an irreplaceable piece of CDM real estate.Opportunities like this rarely come to market / Proforma on existing available.
Property Type(s):
Residential Income
| Last Updated | 4/15/2025 | Tract | Corona del Mar South of PCH (CDMS) |
|---|---|---|---|
| Year Built | 1972 | Community | Corona Del Mar - Spyglass |
| Garage Spaces | 2.0 | County | Orange |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | 6 Burner Stove, Gas Range, Range Hood, Water Heater |
| AREA | Corona Del Mar - Spyglass |
| CONSTRUCTION | Asphalt, Drywall, Stucco |
| GARAGE | Concrete, Door-Multi, Driveway, Driveway Up Slope From Street, Garage, Garage Faces Front, Guest, On Street, Paved, Private, Public, Yes |
| HEAT | Central |
| HOA DUES | 0 |
| INTERIOR | All Bedrooms Up, Balcony, Beamed Ceilings, Block Walls, Ceiling Fan(s), High Ceilings, In-Law Floorplan, Laminate Counters, Living Room Deck Attached, Multiple Staircases, Tile Counters |
| LOT | 3337 sq ft |
| LOT DESCRIPTION | 2-5 Units/Acre, Front Yard, Greenbelt, Lawn, Rectangular Lot, Sprinklers Timer, Tear Down, Value In Land, Walkstreet |
| PARKING | Concrete,Door-Multi,Driveway,Driveway Up Slope From Street,Garage Faces Front,Garage,Guest,Paved,Public,Private,On Street |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Mid-Century Modern |
| SUBDIVISION | Corona del Mar South of PCH (CDMS) |
| UTILITIES | Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected, Electric: Electricity - On Property,220 Volts in Garage |
| VIEW | Yes |
| VIEW DESCRIPTION | City Lights,Park/Greenbelt,Harbor,Ocean |
| WATER | Public |
| WATERFRONT | Yes |
| WATERFRONT DESCRIPTION | Ocean Side Of Highway |
Location
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Listed with Coldwell Banker Realty
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