Welcome to 433 Iris Ave, a remarkable investment opportunity in the heart of Corona Del Mar, California. This property offers a rare chance to own a short-term rental property with an existing, coveted short-term rental license. Making this an excellent income-producing property for Airbnb rentals. The management of the property is already taken care of by a professional management company, making it a turnkey opportunity for a savvy investor. Situated just a few blocks away from the beach, this home allows for a delightful stroll to the sun-kissed shores. Additionally, it offers convenient access to a variety of amenities such as restaurants, grocery stores, coffee shops, and the prestigious Fashion Island shopping center. This unique property features three bedrooms and three full bathrooms, all fully remodeled and furnished to perfection. The rooftop terrace with a barbecue grill provides an ideal space for gatherings and entertaining guests. The remodeled kitchen boasts new appliances, including a stove and microwave, while modern hardwood floors adorn the stairs, hallways, and common areas. With 2035 square feet of living space makes for a desirable front unit south of Pacific Coast Highway. The attention to detail is evident throughout the home, showcasing custom flooring, natural stone, granite countertops, dual pane windows, French doors, and crown moldings. The open gourmet kitchen seamlessly flows into the spacious dining area, while a cozy fireplace graces the living room, creating an inviting ambiance for intimate or large-scale gatherings. Located on a corner lot south of PCH, this home was thoughtfully designed and built in 2007 to utilize the full width and depth of the large lot. Natural light illuminates all living areas, creating a bright and welcoming atmosphere. The upper level is dedicated to a master suite, complete with a luxurious bathroom, walk-in closet, and a private deck. An indoor laundry room, garage access, and carport provide convenience and ease of living. Living in this property offers a truly exceptional lifestyle, allowing you to experience the vibrant village of Corona Del Mar. Immerse yourself in breathtaking sunsets, indulge in fine dining experiences, explore specialty shops and boutiques, and delight in the local farmers market. With nature trails and the beach at your fingertips, you can enjoy the best of coastal living.