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2715 Cove, Corona del Mar, CA 92625

$6,248,000
  • 2715 Cove, Corona del Mar, CA 92625 Main Photo

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New to the Market Active
BEDS4 BATHS4 full SQUARE FEET1,647 MLS#OC26201520
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONCorona del Mar South of PCH (CDMS) SCHOOLNewport Mesa Unified

Listing Courtesy of: Tri-Star Realty
Agency Phone: 800-621-4258
Associate Name: Carl Wuestehube
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Listing Shown by: Farrell Smyth, Inc.
Agency Phone: 805-543-2172


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.

2715 Cove | MLS# OC26201520

This multi-family property located at 2715 Cove, Corona del Mar, CA 92625 is currently listed for sale with an asking price of $6,248,000. Cove is located within the Newport Mesa Unified school district. Search Corona Del Mar real estate on www.farrellsmyth.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: CentralAir
Garage: 2 car attached
Heating: Central
Home Style: Bungalow
Lot Size: 0.08 Acres
Stories: 2.0
Year Built: 1940

Amenities

BeamedCeilings
Balcony
BlockWalls
CeilingFans
CathedralCeilings
BedroomOnMainLevel
MainLevelPrimary
WalkInClosets

Feature Descriptions

Appliances: BuiltInRange, DoubleOven, Dishwasher, Freezer, GasRange, Microwave, Refrigerator
Community Features: WaterSports
Days on Site: 1
Fireplace: FamilyRoom
Flooring: Laminate
Laundry: Inside, InKitchen, LaundryRoom
Lot: CornerLot, Walkstreet
Parcel#: 05204503
Sewer: PublicSewer
Special View Info: Ocean, Water
Units: 2
Water: Public

Local Schools

School District: Newport Mesa Unified

Listed By / Shown By

Listed By

Agency Name: Tri-Star Realty
Agent Name: Carl Wuestehube
Agency Phone: 800-621-4258

Shown By

Agency Title: Farrell Smyth, Inc.
Agency Phone: 805-543-2172

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Estimate Your Payment

Estimated Payment

$ 15,727.67 per month $13,905.34 Principal & Interest $0.00 Property Tax (data not provided by mls) $1,822.33 Homeowner's Insurance

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