Remodeled Residential Income
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506 Poinsettia Avenue, Corona del Mar, CA 92625
Corona del Mar, CA
Property Size900 SF
Lot Size0.08 Acres
Price / SF$7.67
Days on Market7
Property Features for 506 Poinsettia Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Laundry Room, Bedroom 1, Bathroom 1, Family Room, Bathroom 2, Bedroom 2
Parking
2
Patio and Porch features
Porch, Patio
Pets allowed
Yes
Interior features
Unfurnished
Fireplace
1
Appliances
Microwave, Built-In Range, Refrigerator, Ice Maker, Gas Range, Dishwasher
Subdivision
Corona del Mar North of PCH (CNHW)
Lot features
Front Yard
Elementary school
Harbor View
Middle school
Corona Del Mar
High school
Corona Del Mar
Elementary school district
Newport Mesa Unified
Middle school district
Newport Mesa Unified
High school district
Newport Mesa Unified
Directions
Pacific Coast Highway (PCH), Turn onto Poinsettia. Cross street 2nd Ave.
Standard status
Active
APN
45922204
Size
900 SF
Lot size
0.08 Acres
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
white oak flooring
quartz counter tops
stainless appliances
recessed lighting
fireplace
front patio
washer/dryer
Building Details
Year built
1977
Floors in Building
1
Number of units
2
Listing Agency:
Compass
(949) 438-4340
Listed By:
Susie McKibben · License #01966883
(949) 500-5327
Added: Oct 23
Changed: Oct 28
Last Checked: Oct 29 at 12:06AM
MLS# NP26224659
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 900-square-foot, single-level residence contains two bedrooms and two bathrooms. Renovated in 2018, it features white oak flooring, quartz countertops, stainless steel appliances, recessed lighting, HVAC, and a fireplace. A front patio adds outdoor space, and the detached garage accommodates two tandem vehicles. A washer and dryer are included. The property was built in 1977.
The home is a short distance from Corona del Mar Village, area restaurants and shops, and the beach. Harborview Elementary and Corona del Mar Middle and High Schools are also identified among the nearby schools.
The home is a short distance from Corona del Mar Village, area restaurants and shops, and the beach. Harborview Elementary and Corona del Mar Middle and High Schools are also identified among the nearby schools.
Key Highlights
- 900‑square‑foot, single‑level residence with 2 bedrooms and 2 bathrooms
- Remodeled in 2018; built in 1977
- Detached two‑car tandem garage with washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,178
Suggested Prices Based on Cap Rates
Cap Rate 5%
$343,560
$343.6K
Cap Rate 7%
$245,400
$245.4K
Cap Rate 9%
$190,867
$190.9K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$32.4K $36.00/SF
− Vacancy
−$1.2K −$1.30/SF
EGI
$31.2K $34.70/SF
− OpEx
−$14.1K −$15.62/SF
NOI
$17.2K $19.09/SF
Area
Orange County, CA
Vacancy
3.60%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$343,560
Cap Rate 7%
$245,400
Cap Rate 9%
$190,867
Alternative Uses
Best Use
Apartment 5plus
$245.4K
$214.7K – $286.3K
NOI $17,178 @ 7.0% cap · market cap 248.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$302.3K
$264.5K – $352.7K
NOI $21,160 @ 7.0% cap · market cap 306.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
112
Businesses Nearby
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Business Placement
Demographics for 92625, CA
12,017
Population
6,802
Households
1.8
Avg Household Size
54
Median Age
73%
College-Educated
99%
High-School Grad
2.6 sq mi
ZIP Area
4,622
Density / Sq Mi
$197,628
Median Household Income
$114,295
Median Earnings
$3,501
Median Rent
$2,000,001
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom residence has a private patio and a detached tandem garage.
Where is this residential income property located?
The property is located at 506 Poinsettia Avenue Corona del Mar, CA.
What are key features of this property?
This property features: 900‑square‑foot, single‑level residence with 2 bedrooms and 2 bathrooms; Remodeled in 2018; built in 1977; Detached two‑car tandem garage with washer and dryer
