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617 Iris Avenue, 
Corona Del Mar, CA 92625

$3,200,000


Bed


Bath


3,620

Sq Ft


Multi-Family

Active

Listed by

Ernie Caponera

Newport Properties

714-606-0926

Last updated:

June 24, 2025, 05:06 AM

MLS#

NP25139099

Source:

CRMLS

About This Home

617 Iris Avenue

Exceptional Duplex Opportunity in Coveted Corona Del Mar – R2 Zoned Don't miss this rare opportunity to own a beautifully maintained R2-zoned duplex in the heart of Corona Del Mar. This versatile property features two spacious units, each offering four bedrooms across two stories, ideal for short-term rental income, long-term tenants, or future redevelopment into luxury condos or a spectacular custom home. Property Highlights: Two Fully Furnished Units – Each unit includes 4 bedrooms and 2 bathrooms with expansive, open-concept living spaces. Permitted Short-Term Rental – Operates successfully as a fully furnished STR with city permits already in place. Modern Comforts – Near-new air conditioning, forced-air furnaces, double-pane Milgard windows and sliders, and two high-speed EV charging stations. Green Energy Ready – Two separate sets of solar panels help minimize utility costs. Upgraded electrical to 200 amp service. Trexs front patio decking. Outdoor Living – Front unit features a large private patio with brand-new decking and elegant wrought iron railing—perfect for entertaining or relaxing. Garage & Parking – Shared double garage with ample additional street parking. Prime Location – Walking distance to Grant Howald Park and the Community Youth Center; just minutes to the beach, top-rated schools, fine dining, shops, and services. Spacious and Comfortable Living Each unit offers generously sized bedrooms, including large master suites, and flowing floor plans ideal for families or group rentals. Natural light floods the interiors, enhancing the home's coastal charm. Whether you're an investor seeking turnkey rental income, a developer looking for your next project, or a homeowner envisioning a dream estate in one of Newport Beach’s most desirable neighborhoods—this property delivers.

Home Facts

Multi-Family

Built in 1965

Price Summary

3,200,000

$883 per Sq. Ft.

MLS #:

NP25139099

Last Updated:

June 24, 2025, 05:06 AM

Added:

2 day(s) ago


Rooms & Interior

Interior

Living Area:

3,620 Sq. Ft.


Structure

Structure

Architectural Style:

Mid Century Modern

Building Area:

3,620 Sq. Ft.

Year Built:

1965


Lot

Lot Size (Sq. Ft):

3,310


Finances & Disclosures

Finances

Price:

$3,200,000

Price per Sq. Ft:

$883 per Sq. Ft.

Source:CRMLS
Based on information from California Regional Multiple Listing Service, Inc. as of June 24, 2025 . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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