2607 Ocean BlvdCorona Del MarCA92625
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Corona Del Mar at 2607 Ocean Blvd, Corona Del Mar, CA, 92625 projects strong ROI of 4.48%. Rental yield 2.56%. With 5% annual appreciation, the property builds $1,312,337 in value over five years. Equity growth combined delivers a projected five-year ROI of 20.33%, translating into $312,896 in total cumulative return on $1,539,000 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Single Family
Built in 1948
4,840 sqft lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 92625, Corona Del Mar, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,328 (100%) |
| Owner Occupied HU | 3,642 (57.6%) |
| Renter Occupied HU | 1,880 (29.7%) |
| Vacant Housing Units | 806 (12.7%) |
| Median Home Value | $2,000,001 |
| Average Home Value | $1,991,255 |
Housing Distribution
Address Breakdown
Residential
6,597
Single Family
6,196
Multi-Family
401
Businesses
592
Price History
Date | Event | Price |
|---|---|---|
| 2021-12-23 | Sold | $4,450,000 |
| 2021-11-30 | Pending sale | $4,995,000 |
| 2021-01-15 | Listing removed | N/A |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | $49108.00 | 2.39% | $4,629,780 | 2.00% |
| 2023-02-13 | $47962.40 | 1.68% | $4,539,000 | 2.00% |
| 2022-02-13 | $47172.14 | -9.73% | $4,450,000 | -9.78% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1948
- Architectural Style: N/A
- Building Area: N/A
- Living Area: 2,260 sqft
- Property Condition: Fixer
Features & Amenities
- Heating: N/A
- Cooling: None
- Flooring: N/A
- Interior Features: Entry
- Exterior Features: N/A
- Parking Features: Garage, No Driveway
Location
- City: Corona Del Mar
- State: CA
- Subdivision: Corona del Mar South of PCH (CDMS)
- Lot Size: 4,840 sqft
- Lot Features: Sloped Down
- View: Catalina, City Lights, Coastline, Harbor, Ocean, Panoramic, Water
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Electricity Available, Natural Gas Available, Water Available
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: Corona Del Mar
- High School: Corona Del Mar
Listed by: Tony Bartolic • Coldwell Banker Realty
Mls Name: CRMLS
Mls Provider:
Mls ID: #NP25009263
Disclaimer: The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Based on information from California Regional Multiple Listing Service, Inc. as of 2025-02-13 01:31:03 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information