current listings


Ultimo Properties

2516 & 2518 Bayside Dr


Corona del Mar

STATUS: FOR SALE

List Price: $2,695,000

Multi-unit Income property with Bay Views! Ideally located, a block from Begonia Park and within walking distance to the Beach. Nestled in Corona del Mar village, south of PCH and adjacent to walking trails/sidewalks. Enter through a dedicated driveway for only two parcels and elevated from Bayside Drive, this property is spacious between it's neighbors. Zoned R2 but currently has Three units (all rented), each having their own mailing address. The studio unit is non-conforming (2516 ½). Two (2516 & 2518) have 2 Bed/2 Bath/1-car garage and parking. The Two bedroom units each have A/C, newer appliances, refrigerators, and washer/dryer laundry closets. One unit has newly two remodeled bathrooms and the other has newer hardwood floors. Both have vaulted hardwood ceilings and lots of windows with views. The studio unit includes a storage room, a covered patio and side yard. Geological and topography reports are done. Leave As Is or Build two new dream homes with Bay Views! Good current cap rate too. Buyer to cooperate with 1031 exchange.

michelle ultimo hall

Broker

949.307.0626

michelle@ultimoproperties.com

CA Broker's License: 01031639

kathy ultimo

Realtor

949.836.5875

kathy@ultimoproperties.com

Frank Ultimo

Realtor

949.689.5293

frank@teamultimo.com