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520 Iris

Corona Del Mar, CA 92625
  • $5,795,000
  • STATUS: Active
  • ON SITE: 7 Days
  • ID#: NP26097495
UPDATED: 56 min ago
$5,795,000
  • 0
    BEDS
  • 0.08
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1973
County:

School Ratings & Info

Listing Agent(s): Steven "Bud" Mastropaolo of eXp Realty of Southern Ca, Inc (888-584-9427) and Johanna Felix of eXp Realty of Southern Ca, Inc(888-584-9427)


Description

Experience refined coastal living in this fully remodeled, grandfathered oversized duplex on a prime corner lot in the heart of the Village. Reimagined in 2023 with meticulous attention to detail, this exceptional property delivers the feel of brand-new construction, while offering a scale and square footage that simply can’t be replicated today. Spanning 3,649 square feet, the residence features two expansive units, each thoughtfully designed with high-end finishes, open-concept layouts, and seamless indoor-outdoor living. Enjoy spacious patios and balconies, a turfed entertainment deck, an oversized two-car garage, and a rare 225-square-foot basement, an uncommon bonus in this area. The lower unit is a standout 3-bedroom, 2.5-bath home offering 1,873 square feet, highlighted by soaring 10-foot ceilings in the kitchen and 9-foot ceilings in the living area. Upstairs, the 1,776-square-foot unit includes 3 bedrooms and 2 baths, plus a versatile laundry room that can be converted into a powder room. Its expansive outdoor deck serves as an additional living space, perfect for entertaining, dining, or relaxing by the fire pit. Both units feature French white oak flooring, custom cabinetry, granite countertops, stainless steel appliances, and drought-tolerant landscaping. The exterior is finished with striking New Tech siding for lasting durability and low maintenance. Positioned on a coveted corner, the home is filled with natural light from sunrise to sunset. This rare investment opportunity allows for flexible living, occupy one unit while generating income from the other. Ideally located just steps from the beach, shops, and local dining, and minutes from premier destinations and major conveniences, this property captures the essence of elevated California coastal living. A truly one-of-a-kind offering, don’t miss your chance to own it.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-05-13T17:37:37.08. 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 deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Empire Properties. Licensed in the State of California, USA.
www.inlandempiresold.com/homes/176137667
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520 Iris Corona Del Mar, CA 92625

  • Price: $5,795,000
  • Status: Active
  • On Site: 7 Days
  • Updated: 56 min ago
  • ID#: NP26097495
0
Beds
0
Baths
0
½ Baths
0.08
Acres
1973
Built
Neighborhood:
Corona Del Mar North Of Pch (Cnhw)
County:
Orange
Area:
CS - Corona Del Mar - Spyglass
Property Description
Experience refined coastal living in this fully remodeled, grandfathered oversized duplex on a prime corner lot in the heart of the Village. Reimagined in 2023 with meticulous attention to detail, this exceptional property delivers the feel of brand-new construction, while offering a scale and square footage that simply can’t be replicated today. Spanning 3,649 square feet, the residence features two expansive units, each thoughtfully designed with high-end finishes, open-concept layouts, and seamless indoor-outdoor living. Enjoy spacious patios and balconies, a turfed entertainment deck, an oversized two-car garage, and a rare 225-square-foot basement, an uncommon bonus in this area. The lower unit is a standout 3-bedroom, 2.5-bath home offering 1,873 square feet, highlighted by soaring 10-foot ceilings in the kitchen and 9-foot ceilings in the living area. Upstairs, the 1,776-square-foot unit includes 3 bedrooms and 2 baths, plus a versatile laundry room that can be converted into a powder room. Its expansive outdoor deck serves as an additional living space, perfect for entertaining, dining, or relaxing by the fire pit. Both units feature French white oak flooring, custom cabinetry, granite countertops, stainless steel appliances, and drought-tolerant landscaping. The exterior is finished with striking New Tech siding for lasting durability and low maintenance. Positioned on a coveted corner, the home is filled with natural light from sunrise to sunset. This rare investment opportunity allows for flexible living, occupy one unit while generating income from the other. Ideally located just steps from the beach, shops, and local dining, and minutes from premier destinations and major conveniences, this property captures the essence of elevated California coastal living. A truly one-of-a-kind offering, don’t miss your chance to own it.
Exterior Features

Architectural Style Modern Entry Level 1 Entry Location Iris Exterior Features Fire Pit Lot Features 2-5 Units/AcreCorner LotDrip Irrigation/BubblersGardenNear Public Transit Number Of Separate Electric Meters 2 Parking Features Garage Parking Total 2 Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No View HillsMountain(s)NeighborhoodPanoramic View YN Yes

Interior Features

Basement YN Yes Common Walls 1 Common Wall Cooling Central AirGas Cooling YN Yes Door Features Sliding Doors Fireplace Features Gas Fireplace YN Yes Heating Central Heating YN Yes Interior Features Built-in FeaturesBalconyCeramic CountersCathedral Ceiling(s)Granite CountersHigh CeilingsOpen FloorplanPantryQuartz CountersRecessed LightingBedroom on Main LevelGalley KitchenMain Level Primary Window Features Double Pane Windows

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 3.8 Common Interest Condominium Community Features BikingCurbsDog ParkHikingPark Garage YN Yes Gross Income 264000 Gross Scheduled Income 264000 Insurance Expense 4000 Land Lease YN No Laundry Features Electric Dryer HookupGas Dryer HookupInsideSee Remarks Levels Multi/Split Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventional Net Operating Income 201710 New Construction YN No New Taxes Expense 56250 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 2 Number Of Units Leased 2 Operating Expense 62290 Property Condition Turnkey Property Sub Type Duplex Rent Control YN No Security Features Carbon Monoxide Detector(s)Smoke Detector(s) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All UtilitiesSee Remarks Trash Expense 240 Vacancy Allowance Rate 2 Water Sewer Expense 1800 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-05-13T17:37:37.08. 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 deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Empire Properties. Licensed in the State of California, USA.
 
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Listing Agent(s): Steven "Bud" Mastropaolo of eXp Realty of Southern Ca, Inc (888-584-9427) and Johanna Felix of eXp Realty of Southern Ca, Inc(888-584-9427)