An extraordinary location will almost always come with higher property values, higher appreciation rates and a better quality of life. This 4-PLEX investment opportunity is in the ideal Laguna Beach location. Primely positioned in the heart of town (Walkscore 94) on the ocean side of Coast Highway, one row from the Oceanfront. Endless views of the coastline in both directions....sand, white water, Catalina island and city lights. This property is surrounded mostly by updated and high value SFRs. The floor plan configuration includes three one bedroom apartments and one studio unit. Zoned R3, if desired, the upper unit could be converted to one, top level owner's unit or two bedroom apartment. For 60 years, this property has been diligently maintained by the same family and now presents a rare opportunity for a new owner. All systems are functional. Recent structural steel foundation upgrade and new roof. Cosmetic improvements and surface upgrades would take this property to a whole new level. Rents are all currently under market value. Schedule a tour today. 24 hour notice required.
|
DAYS ON MARKET
|
94
|
LAST UPDATED
|
10/23/2024
|
|
TRACT
|
The Village (VIL)
|
YEAR BUILT
|
1922
|
|
COMMUNITY
|
Laguna Village
|
GARAGE SPACES
|
1.5
|
|
COUNTY
|
Orange
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
|
Prior to Sep 16, '24
|
$4,350,000
|
|
Sep 16, '24 - Oct 23, '24 |
$4,295,000
|
| Oct 23, '24 - Today |
$4,245,000 |
| AIR |
None |
| AREA |
Laguna Village |
| CONSTRUCTION |
Asphalt, Stucco |
| EXTERIOR |
Awning(s), Rain Gutters |
| FIREPLACE |
Yes |
| GARAGE |
Driveway, Garage Faces Rear, Yes |
| HEAT |
Combination |
| HOA DUES |
0 |
| INTERIOR |
Multiple Staircases, Pantry |
| LOT |
3049 sq ft |
| LOT DESCRIPTION |
0-1 Unit/Acre |
| PARKING |
Driveway,Garage Faces Rear |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| STYLE |
Traditional |
| SUBDIVISION |
The Village (VIL) |
| UTILITIES |
Electricity Connected,Water Connected |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Catalina,City Lights,Ocean,Water |
| WATER |
Public |
| WATERFRONT |
Yes |
| WATERFRONT DESCRIPTION |
Ocean Access,Ocean Side Of Freeway,Ocean Side Of Highway |
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Listed with Pacific Sotheby’s International Realty
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 11/21/24 2:45 AM 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
This IDX solution is (c) Diverse Solutions 2024.
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