Airbnb & VRBO Performance in Corona Del Mar California.

Short-Term Rental Regulations in Del Mar, California for 2024

Key Regulations

1. Cap on Short-Term Rentals

• The number of short-term rentals (STRs) is capped at 129 units, which is 5% of the city’s housing stock.

2. Registration Requirement

• Owners must register their existing STRs with the City by December 31, 2024.

3. Permit Application

• Existing owners must apply for a short-term rental permit within 60 days of the ordinance taking effect after California Coastal Commission certification.

4. Primary Residence Requirement

• STRs must be used as a primary residence, meaning the owner must live there for at least six months of the year.

5. Minimum Stay Requirement

• A minimum three-night stay is required for short-term rentals.

6. Zoning Restrictions

• Short-term rental operations are only permitted in the Residential-Commercial (RC) zone and the Visitor Commercial (VC) zone, and where otherwise provided by development entitlement.

7. Grandfathering Clause

• Owners who registered their STRs before December 31, 2024, or filed an STR permit application within 60 days of the ordinance going into effect will be grandfathered in from the cap.

8. Compliance and Enforcement

• Property owners must obtain a short-term rental permit and sign a self-certification document attesting that the unit complies with all regulations and applicable laws. Enforcement protocols are established to ensure compliance.

9. Good Neighbor Policy and Other Regulations

• Owners must disclose recycling/organics regulations, trash regulations, and other STR rental regulations to tenants. The ordinance includes a “Good Neighbor Policy” to maintain civil conduct.

10. California Coastal Commission Approval

- The ordinance will take effect once approved by the California Coastal Commission, which could take between 18 months to a year.

Top Neighborhoods for Airbnb Revenue in Corona Del Mar, California

Why Corona Del Mar is Appealing for Guests

Corona Del Mar, located in Newport Beach, California, is a highly desirable destination for Airbnb guests due to its:- Proximity to beautiful beaches, such as Corona del Mar State Beach.- Charming village with quaint shops, cafes, bakeries, and restaurants.- Easy access to popular attractions like Disneyland and Fashion Island.- Luxurious and family-friendly vacation rentals with various amenities.

High-Revenue Neighborhoods in Corona Del Mar

1. The "Flower Streets"

• Appeal: This area is known for its picturesque streets lined with multimillion-dollar homes, walking distance to Corona del Mar Beach, and close proximity to the charming village of Corona del Mar.
• Revenue Potential: Properties here can generate significant revenue due to their prime location and high demand for family-friendly and luxurious accommodations.

2. Corona del Mar Village

• Appeal: Located on the beach side of Pacific Coast Highway, this area offers unique charm, easy access to the beach, and a variety of local amenities such as shops, restaurants, and bakeries.
• Revenue Potential: The high occupancy rate and average daily rate of $424 in Newport Beach, which includes Corona del Mar, indicate a lucrative market for Airbnb hosts.

3. Beachfront and Nearby Areas

• Appeal: Properties that are a short walking distance to the beach, such as those on Goldenrod or other beach-adjacent streets, offer guests the ultimate California beach experience with ocean breezes, sunsets, and easy beach access.
• Revenue Potential: Beachfront and beach-adjacent properties tend to command higher daily rates and have higher occupancy rates, making them highly profitable for Airbnb hosts.

4. Areas with Ocean Views and Amenities

• Appeal: Properties that offer ocean views, outdoor patios, BBQ grills, and other amenities like beach chairs and umbrellas are highly attractive to guests seeking a relaxing and luxurious getaway.
• Revenue Potential: These properties can generate higher revenue due to their additional amenities and the premium guests are willing to pay for such comforts.

In summary, the combination of prime locations, luxurious amenities, and the charming atmosphere of Corona Del Mar makes these neighborhoods highly appealing for guests and profitable for Airbnb hosts.

Tips for Furnishing and Designing an Inviting Airbnb in Corona Del Mar, California

Understand the Local Style

• Corona Del Mar is known for its coastal and farmhouse aesthetics. Incorporate elements like rafter ceilings, white-washed color palettes, and tropical vibes to align with the local style.

Choose Coastal and Farmhouse Furniture

• Opt for furniture that reflects the coastal farmhouse theme, such as light-colored woods, natural textiles, and nautical accents.

Highlight Natural Light and Views

• Utilize the natural light and stunning views of the Pacific Ocean. Use sheer curtains, large windows, and French doors to maximize the light and views.

Select Comfortable and Practical Pieces

• Focus on comfort, especially for essential items like beds. Invest in high-quality beds that ensure a good night’s sleep for your guests.

Add Unique and Local Touches

• Incorporate unique, eye-catching, and whimsical items that reflect the local culture. Consider adding antique or vintage pieces that fit the Creole or coastal style.

Use Rugs to Anchor the Space

• Rugs can be either the first or last piece in a room. Use them to dictate the color scheme and style of the space, or choose them last to ensure they complement existing furniture.

Incorporate Outdoor Living

• Since Corona Del Mar is known for its beautiful outdoors, ensure your Airbnb has a well-designed outdoor space. This could include a patio with a dining table, fire pit, and BBQ grill to enhance the California lifestyle experience.

Pay Attention to Details

• Do not underestimate the effort required to furnish and equip the entire space. Ensure you have all necessary small appliances, kitchenware, utensils, bathroom items, linens, towels, and toiletries to make the space fully functional and inviting.

Consider Local Regulations and Guest Preferences

• Be aware of local regulations, such as noise restrictions, and ensure your Airbnb complies with them. Also, consider what guests highly value in the area, such as proximity to the beach and high-quality kitchens.

Use Local and Natural Elements

• Incorporate local and natural elements like potted palms, beach chairs, and umbrellas to bring the outdoors into your Airbnb and enhance the coastal experience.

Hire Local Help if Necessary

• If you are managing the property remotely, consider hiring a local co-host to handle any immediate issues that may arise, such as late deliveries or other logistical problems.

Discovering Corona del Mar: Local Attractions and Insider Tips for Your Guests

Local Attractions

Beaches and Coastal Spots

• Corona del Mar State Beach: A half-mile stretch of sand perfect for swimming, volleyball, and fire pits. Great for family outings and sunset views.
• Little Corona del Mar Tide Pools: Calm waters ideal for swimming, snorkeling, and exploring tide pools filled with marine life.
• Pirate's Cove: A secluded beach cove below Lookout Point, known for its tranquility and scenic views.
• China Cove Beach: A hidden gem at the end of Ocean Boulevard, perfect for a quiet day in the sun.

Parks and Gardens

• Sherman Library & Gardens: A botanical garden with a wide range of flowers, vegetation, and a greenhouse. Includes a restaurant on-site.
• Lookout Point: A small grassy area with stunning views of the Newport coast. Ideal for sunset viewing.
• Begonia Park: A small park in the heart of Corona del Mar featuring beautiful gardens, picnic tables, and a playground.
• Harbor View Nature Park: Offers stunning views of Newport Harbor, perfect for picnics or leisurely strolls.

Other Points of Interest

• Goldenrod Footbridge: A historic footbridge constructed in 1928, connecting Goldenrod Avenue and First Avenue.
• Inspiration Point: Just a few minutes from Lookout Point, offering more panoramic views of the coastline.
• Fashion Island: A popular shopping and dining destination with a variety of stores and restaurants.

Insider Tips

Dining

• Quiet Woman: A local favorite restaurant known for its unique atmosphere and cuisine.
• Pirozzi Corona Del Mar: Offers Italian cuisine in a cozy setting.
• Zinc Cafe & Market: A great spot for breakfast and brunch.
• Bungalow Restaurant: Located in a historic bungalow, perfect for a romantic dinner or night out with friends.

Shopping

• The White Dress: A must-visit for brides-to-be, offering a wide range of wedding dresses.
• On Que Style: A luxury resale shop for those looking for high-end items.
• McKibben Studios: A gallery featuring fine surf and island art.

Activities

• Newport Beach Farmers Market: Every Sunday, local farmers and artisans gather to sell fresh produce and handmade crafts.
• Snorkeling and Surfing: Take advantage of the crystal-clear waters at Little Corona and the surfable waves at Shore Cliffs Beach.

Local Events and Culture

• Annual Events: Check local listings for annual events and festivals in Corona del Mar, which can add to the guest experience.
• Local Organizations: Encourage guests to participate in local activities and events organized by community groups.

By sharing these attractions and insider tips, you can enhance your guests' experience and help them fully enjoy the beauty and charm of Corona del Mar.

Practical Tips to Run a Successful Short Term Rental Business in Corona Del Mar, California

To ensure a smooth and profitable short-term rental business in Corona Del Mar, California, several key practices can be implemented. Here are some practical tips:

Noise Regulations and Guest Communication

Inform your guests about quiet hours and noise regulations to maintain a good neighbor policy. This can be included in a digital and physical house manual, which should also cover other essential house rules and regulations.

Comprehensive House Manual

Create a detailed house manual that includes instructions on how to use appliances, Wi-Fi passwords, and other important information. This manual should be both digital, accessible through a guest portal, and physical, left in the rental property for easy reference.

Simplified Check-in Process

Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide clear instructions on how to access the property, including photos of the smart lock and any other relevant entry points.

Parking Instructions

Include detailed parking instructions with photos in your house manual to avoid any confusion. This ensures guests know where to park and how to access parking facilities, reducing potential issues and enhancing their overall experience.

By implementing these strategies, you can enhance guest satisfaction, reduce potential conflicts with neighbors, and maintain a well-organized and efficient short-term rental operation in Corona Del Mar.

Here is a brief list of house cleaning providers in Corona Del Mar, California:

House Cleaning Providers in Corona Del Mar, CA

Aloha Maids

• Offers house cleaning, housekeeping, and various specialized services such as kitchen cleaning, bathroom service, move in/move out cleaning, and deep cleaning.
• Provides referral services for experienced and vetted house cleaners.
• Available for weekly, bi-weekly, or one-time cleanings.

Merry Maids of Newport Coast & Irvine

• Provides professional home cleaning services with 40 years of industry experience.
• Services include meticulous cleaning to help manage your time better.
• Serves the Newport Coast and Irvine areas, including Corona Del Mar.

Maggy Maid

• Offers maid services in Orange County and its suburbs, including Corona Del Mar.
• Provides a range of cleaning services tailored to individual needs.

The Maids

• Specializes exclusively in residential house cleaning for health.
• Offers comprehensive cleaning services focused on maintaining a healthy home environment.

For additional options and reviews, you can also refer to Angie's List, which provides ratings and reviews for various house cleaners in Corona Del Mar.

Short-Term Rental Management Fees in Corona Del Mar, California

In Corona Del Mar, California, short-term rental management fees can vary significantly, typically ranging from 10% to 30% of the rental revenue, depending on the level of service provided. Full-service management, which includes comprehensive tasks such as guest communication, marketing, and maintenance, tends to be on the higher end of this spectrum, often falling between 20% to 30% of the rental income. This level of service ensures that all aspects of the rental are handled, providing a hassle-free experience for property owners. On the other hand, basic services that may only include listing and rent collection can cost less, usually around 10% to 15%. Additionally, property owners may incur extra fees for services like cleaning, repairs, or design enhancements, which can further impact the overall management cost.