602 Marguerite, 2, Corona del Mar, CA 92625
602 Marguerite, 2, Corona del Mar, CA 92625
Property Description
CHECK OUT THIS DUPLEX AT THIS GREAT PRICE! MOTIVATED SELLER! Located in the heart of Corona Del Mar Village, just north of Pacific Coast Highway, this fabulous duplex is a great opportunity to own income property in CDM. Both front & back units are approx 1516 sq. ft. each, with 3 bedrooms and 2.5 baths, open floor plans, newer luxury vinyl flooring throughout, stone counters in the kitchens, gas cooktops w/ovens below, stainless steel dishwashers & refrigerators, 2 sets of laundry facilities in the garage, that has new epoxy flooring. There are spacious walk-in closets in the primary suites, lots of storage cabinets for linens, and mirrored closet doors in the all secondary bedrooms. The front home is fully furnished for short term rentals at premium prices. The back home is on a long-term lease that continues through May 2027 at $6400.00 per month. The exterior of the property just underwent a major facelift with a whole new expanded front patio with sliding glass doors, leading out from the front home. There's a new firepit, BBQ, seating area for additional outdoor entertaining space, new drought tolerant landscaping and front yard fencing that adds charm to the property. Each home has its own mailbox and separate entries. The back home has newer sliding glass doors leading out to a newly extended private patio for their space too. This duplex is just minutes from Corona del Mar's world famous beaches, a local park, the areas top restaurants, boutiques, shopping at Fashion Island, Laguna Beach & John Wayne Airport. Schools are top notch in the Newport Mesa school district and one is just a few blocks away. The Oasis Senior Center is just 2 blocks from the property, offering a gym, various classes & all kinds of other social events for the senior community of 55 yrs & older.
Features & Amenities
Property Details
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Comparative Market Analysis
Luxury Tier · 5 active · 3 closed
Corona del Mar · Duplex
Listed 5.5% above the median closed sale of $4,450,000. Price per sqft ($1,548) is a 17% discount to closed comps ($1,863). Comparable homes are moving quickly (avg 16 days on market). Luxury tier — fewer comparable sales widen the confidence range.
Price Position
Positioned above the market — commands a premium.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 520 Iris | Corona del Mar | 2023 | 6 | 4 | 3,649 | 3,485 | $1,315 | $4.80M | 9 | 84 |
| 310 Fernleaf | Corona del Mar | 1972 | 5 | 3 | 2,500 | 4,156 | $1,800 | $4.50M | 41 | 66 |
| 214 Dahlia | Corona del Mar | 1914 | 4 | 3 | 1,582 | 3,485 | $3,157 | $5.00M | 26 | 60 |
| 1320 Balboa Boulevard | Newport Beach | 1955 | 7 | 5 | 2,371 | 3,049 | $1,687 | $4.00M | 166 | 51 |
| 1311 Bay Avenue | Newport Beach | 1947 | 5 | 4 | 2,335 | 2,614 | $2,139 | $5.00M | 173 | 46 |
| Total: 5 · Average | 5.4 | 3.8 | 2,487.4 | 3,357.8 | $2,019.6 | $4.66M | 83 | |||
| Median | 2,371 | $4.80M | ||||||||
Closed Properties (3)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 600 Orchid | Corona del Mar | 1955 | 08/20/2026 | 3 | 5 | 2,700 | 3,528 | $4.20M | $4.10M | $1,519 | 0.98 | 38 | 71 |
| 616 Narcissus | Corona del Mar | 2015 | 12/02/2025 | 3 | 3 | 2,124 | 3,485 | $4.50M | $4.50M | $2,116 | 1.00 | 0 | 63 |
| 117 Marine Avenue | Newport Beach | 1940 | 12/12/2025 | 5 | 5 | 2,279 | 2,614 | $4.50M | $4.45M | $1,953 | 0.99 | 11 | 58 |
| Total: 3 · Average | 3.7 | 4.3 | 2,367.667 | 3,209 | $4.35M | $4.35M | $1,862.667 | — | 16.333333333333332 | ||||
| Median | 2,279 | $4.45M | $4.45M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.