2715 CoveCorona Del Mar, CA 92625

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.

Property Information

Property type

Residential Income

Sub-type

Duplex

Style

Bungalow

Year built

1940

Stories

2

Building area

1,647 Sq Ft

Lot size

0.08 acres

Garage spaces

2

Parking spaces

2

Days on market

34

MLS^® Listing#

OC26201207

Property Features

Interior

Beamed Ceilings · Ceiling Fan(s) · Cathedral Ceiling(s)

Exterior

Balcony

Appliances

Built-In Range · Double Oven · Dishwasher · Freezer · Gas Range · Microwave · Refrigerator

Cooling

Central Air

Heating

Central

Flooring

Laminate

Pool

None

Laundry

Inside · In Kitchen · Laundry Room

Fencing

Masonry

Lot features

Corner Lot

Roof

Composition

Sewer

Public Sewer

Water source

Public

Parcel number

05204503

Directions

PCH, South on Marguerite, West on Ocean Blvd, down the ramp to China Cove