Recently Listed Open House 5/16 1pm - 4pm
520 Iris
Corona del Mar, CA, 92625 $ 5,795,000
Baths2.1 Sq 3,649 Monthly Estimate*
$ 35,681
Listed by eXp Realty of Southern Ca, Inc
Studio for $5,795,000 with 2 full baths, 1 half bath. This 3,649 square foot home was built in 1973 on a lot size of 0.08.
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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Open House
5/16/2026 1:00 PM - 4:00 PM
520 Iris Corona del Mar, CA
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm
FeaturesGeneralSewer PublicSewer
Heating Central
Cooling CentralAir Gas
HOA Fee 0
Garage Spaces 2
Architectural Style Modern
Pool Features None
Security Features CarbonMonoxideDetectors SmokeDetectors
Year Built 1973
Tenant Pays AllUtilities SeeRemarks
View Hills Mountains Neighborhood Panoramic
Levels MultiSplit
Property Subtype Duplex
Gross Income 264000
Community Features Biking Curbs DogPark Hiking Park
County Orange
Net Operating Income 201710
Operating Expense 62290
Insurance Expense 4000
New Construction false
Property Type ResidentialIncome
HOA false
Subdivision Name Corona del Mar North of PCH (CNHW)
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions From PCH head east property is on the right at the corner of Iris and 3rd Ave
City Corona Del Mar
Entry Location Iris
Senior Community Y/N false
Number Of Units Total 2
MLS Area CS - Corona Del Mar - Spyglass
Lot Size Units SquareFeet
Lot Size Square Feet 3485
Number of Units Leased 2
Listing Terms Cash CashToNewLoan Conventional
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Property Condition Turnkey
Trash Expense 240
Water Sewer Expense 1800
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 22
Property Sub Type Additional Duplex
Taxes 56250
Cap Rate 3.8
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InteriorInterior Amenities BuiltInFeatures Balcony CeramicCounters CathedralCeilings GraniteCounters HighCeilings OpenFloorplan Pantry QuartzCounters RecessedLighting BedroomOnMainLevel GalleyKitchen MainLevelPrimary
Fireplace Features Gas
Total Stories 2
Common Walls OneCommonWall
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Window Features DoublePaneWindows
Fireplace Y/N true
Laundry Features ElectricDryerHookup GasDryerHookup Inside SeeRemarks
Entry Level 1
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ExteriorExterior Amenities FirePit
Parking Features Garage
Lot Features TwoToFiveUnitsAcre CornerLot DripIrrigationBubblers Garden NearPublicTransit
Water Source Public
Total Parking 2
Lot Size Area 3485
Number of Buildings 1
Spa false
Building Area Total 3649
Lot Size Acres 0.08
Private Pool false
Lot Size Source Assessor
Door Features SlidingDoors
Number of Separate Water Meters 2
Number of Separate Gas Meters 2
Number of Separate Electric Meters 2
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* Excluded FeaturesList ByExp Realty Of Southern Ca, IncBroker
bud@oceancollective.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $35,681
- Monthly Property Taxes
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- Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Corona del Mar, CA
Average List Price $8,994,160
Percent of Sale Price 55%
About Corona del Mar, CA 12,568 Population
-3% Since 2002
$ 142,922 Median Income
51.71 Median Age
15% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/5/2026 | $5,795,000 | | Listed Price |