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Property

Corona Del Mar, CA 92625 520 Iris

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Presented By: Steven "Bud" Mastropaolo with eXp Realty of Southern Ca, Inc; 714-655-6584
  • MLS# NP26097495
  • 04/20/2026
  • Request Tour
  • Request Info
  • Full/Half Baths • 2 / 1
  • SQFT • 3,649
  • Garage • 2
  • Year Built • 1973

Home Details

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.
Presented By: Steven "Bud" Mastropaolo with eXp Realty of Southern Ca, Inc; 714-655-6584

Interior Features for 520 Iris

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)Yes
Common Walls1 Common Wall
Fireplace FeaturesGas
Fireplace Y/NYes
Heating Y/NYes
Interior AmenitiesBuilt-in Features, Balcony, Ceramic Counters, Cathedral Ceiling(s), Granite Counters, High Ceilings, Open Floorplan, Pantry, Quartz Counters, Recessed Lighting, Bedroom on Main Level, Galley Kitchen, Main Level Primary
Laundry FeaturesElectric Dryer Hookup, Gas Dryer Hookup, Inside, See Remarks
Total Stories2
Window FeaturesDouble Pane Windows

Other Rooms

Entry Level1

General for 520 Iris

Additional Parcels Y/NNo
Architectural StyleModern
Building Area UnitsSquare Feet
Cap Rate3.8
CityCorona Del Mar
Community FeaturesBiking, Curbs, Dog Park, Hiking, Park
CoolingCentral Air, Gas
CountyOrange
DirectionsFrom PCH, head east, property is on the right at the corner of Iris and 3rd Ave
Entry LocationIris
Garage Spaces2
Garage Y/NYes
Gross Income264000
HOANo
HOA Fee$
HeatingCentral
Insurance Expense4000
Land Lease Y/NNo
LevelsMulti/Split
Listing TermsCash, Cash to New Loan, Conventional
Lot Size Square Feet3485
Lot Size UnitsSquare Feet
MLS AreaCS - Corona Del Mar - Spyglass
Net Operating Income201710
New ConstructionNo
Number Of Units Total2
Number of Units Leased2
Operating Expense62290
Pool FeaturesNone
PostalCityCORONA DEL MAR
Property Attached Y/NYes
Property ConditionTurnkey
Property Sub Type AdditionalDuplex
Property SubtypeDuplex
Property TypeResidential Income
Rent Control Y/NNo
Security FeaturesCarbon Monoxide Detector(s), Smoke Detector(s)
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Subdivision NameCorona del Mar North of PCH (CNHW)
Tax Lot22
Taxes$56,250
Tenant PaysAll Utilities, See Remarks
Trash Expense240
ViewHills, Mountain(s), Neighborhood, Panoramic
Water Sewer Expense1800
Year Built1973
Year Built SourceAssessor

Exterior for 520 Iris

Building Area Total3649
Door FeaturesSliding Doors
Exterior AmenitiesFire Pit
Lot Features2-5 Units/Acre, Corner Lot, Drip Irrigation/Bubblers, Garden, Near Public Transit
Lot Size Acres0.08
Lot Size Area3485
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters2
Number of Separate Gas Meters2
Number of Separate Water Meters2
Parking FeaturesGarage
Private PoolNo
SpaNo
Total Parking2
Water SourcePublic

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Justin Hughey

Price $5,795,000
MLS#NP26097495
List Date 04/20/2026
Property Type Multi-Family
Request Tour
Request Info

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