$5,795,000
520 Iris, Corona Del Mar CA 92625
Multi-Family (Duplex)
Property type
31 days
On market
$1,588
Price per sqft
2 cars
Garage
1973
Year built
3,485 sqft
Lot size
Home highlights
Open Houses
Overview
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,...
Listing provided by: Steven "Bud" Mastropaolo DRE #01976149 714-655-6584, eXp Realty of Southern Ca, Inc, Johanna Felix DRE #02115726, eXp Realty of Southern Ca, Inc
Listing updated: Jun 5, 2026 at 04:10pm.
Last checked: Jun 5, 2026 at 04:30pm
Source: CRMLS #NP26097495
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 3 | 3 | 1 | $15,000 | $15,000 | $16,000 | Furnished |
| 1 | 3 | 3 | 1 | $8,200 | $8,200 | $8,500 | Unfurnished |
# of Buildings: 1
# of Units Total: 2
Separate Electric Meters: 2
Separate Gas Meters: 2
Separate Water Meters: 2
Rent Control: No
Units Leased: 2
Tenant Pays: All Utilities
Financial Snapshot
Gross Rent Multiplier
22.0x
List Price / Annual Gross Rent
Cap Rate
3.8%
NOI / List Price
Gross Scheduled Income: $264,000
Vacancy Allowance Rate: 2%
Operating Expense: $62,290
Net Operating Income: $201,710
Annual Operating Expenses
Insurance: $4,000
New Taxes: $56,250
Trash: $240
Water / Sewer: $1,800
Interior
Interior Features: Built In Features, Balcony, Ceramic Counters, Cathedral Ceilings, Granite Counters, High Ceilings, Open Floor Plan, Pantry, Quartz Counters, Recessed Lighting, Main Floor Bedroom, Galley Kitchen, Main Level Primary
Room Type: Bedroom, Basement, Entry Foyer, Exercise Room, Family Room, Kitchen, Living Room, Primary Bathroom, Primary Bedroom, Office, Other
Cooling: Central Air, Gas
Heating: Central
Fireplace: Gas
Laundry: Electric Dryer Hookup, Gas Dryer Hookup, Inside
Entry Location: Iris
Exterior
Architectural Style: Modern
Property Attached: Yes
Stories Total: 2
Levels: Multi Split
Door Features: Sliding Doors
Window Features: Double Pane Windows
Property Condition: Turnkey
Exterior: Fire Pit
Common Walls: One Common Wall
Security Features: Carbon Monoxide Detectors, Smoke Detectors
Lot Features: Two To Five Units Acre, Corner Lot, Drip Irrigation Bubblers, Garden, Near Public Transit
Pool: None
Spa: None
Water Source: Public
Sewer: Public Sewer
View: Hills, Mountains, Neighborhood, Panoramic
Garage and Parking
Parking: Garage
Garage Spaces: 2
Parking Total: 2
Lot Information
Land Lease: No
Common Interest: Condominium
Parcel #: 45918607
Additional Parcels: No
Tax Lot: 22
Tax Block: 536
Subdivision: Corona del Mar North of PCH (CNHW)
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Biking, Curbs, Dog Park, Hiking, Park
Nearby Schools
Nearby schools around the 520 Iris, Corona Del Mar, CA 92625. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$4,636,000
Total Interest
$5,912,962
Total Payment
$10,548,962
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$35,489
per month
Property History for 520 Iris
Corona Del Mar Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 92625.
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