PRICE $7,995,000 dsIDX morgage calculator
BEDS n/a
BATHS 0
HOME SIZE 3,483 sqft
LOT SIZE 7,240 sqft

Incredible Value!! Extraordinary Beach Location!! Three spectacular beach villas will generate gross income well over $450K in 2022 as short-term rentals, and these villas generated income well over $410 K in 2021. If used as long term rentals, we believe yearly gross income would exceed $360,000. The Villas offer one of the highest CAP rate of 4% along the Orange County Coastline. This gated World Class Laguna Beach residential family complex consists of 3 beautiful beach villas. Perhaps the most attractive and versatile multi-villas property currently available in the coastal area of Orange County. Nestled on an approximately 7,200 sq. ft. lot immediately adjacent to the Cress Street Beach steps, and with parking for at least 6 vehicles. It is a rare and incredible value and shines as a family complex, multiple lucrative beach villa rentals, or both. It has 3 lovely single-level villas offer a total of 8 bedrooms, 5 full baths plus a half-bath. Mixes of three villas are 2 bedrooms & 1 bath; 3 bedrooms & 2 baths; & 3 bedrooms & 2.5 baths. The compound rests a short walk or ride from restaurants and shopping in one of the area’s trendiest neighborhoods, the Hip district. Completely renovated and incorporating the finest materials & fixtures, each of the beach villas is worthy of the most discriminating guests or family members. Wide-plank wood & tasteful natural stone floors & shower walls, recessed lighting, crown molding & tray ceilings, stainless steel kitchen appliances, & luxurious bathrooms are only a few of the features contributing to the ambiance of casual sophistication. An expansive, multi-level courtyard features 4 fire pits & seating, with views of the ocean and spectacular sunsets. The investment & use options of this one-of-a-kind complex make it a superb prospect for immediate as well as long-term financial and tax benefits. Villas offer a viable 1031 exchange & enhances your great investment opportunity in one of the best & highly regarded beach City in the United States. Excellent use as a beach house for family & friends; as a second home when needed; & rent the villas as vacation rentals or long term rentals as needed and/or rent them as needed to supplement the income to offset property mortgage and taxes. The rare Laguna Beach short term rental license conveys with the property. Potential to add a second story to capture mesmerizing views of the Coastal line, Catalina Island, beautiful hills, & enhances value significantly.

DAYS ON MARKET 22 LAST UPDATED 7/29/2022
TRACT Main Beach (BCH) YEAR BUILT 2007
COMMUNITY Laguna Village GARAGE SPACES 3.0
COUNTY Orange STATUS Active
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR Central Air, Electric
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Disposal, Dryer, Gas Cooktop, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Washer, Water Purifier, Water To Refrigerator
AREA Laguna Village
CONSTRUCTION Copper Plumbing, Stucco, Wood Siding
EXTERIOR Fire Pit
FIREPLACE Yes
GARAGE Door-Multi, Door-Single, Garage, Garage Faces Front, Yes
HEAT Electric, Fireplace(s), Forced Air, Heat Pump
INTERIOR All Bedrooms Down, Bedroom on Main Level, Ceiling Fan(s), Coffered Ceiling(s), Crown Molding, Granite Counters, Open Floorplan, Paneling/Wainscoting, Recessed Lighting, Wired for Data
LOT 7241 sq ft
LOT DESCRIPTION Bluff
LOT DIMENSIONS 73x100
PARKING Door-Multi,Door-Single,Garage Faces Front,Garage
POOL DESCRIPTION None
SEWER Sewer Tap Paid
STORIES 1
STYLE Contemporary
SUBDIVISION Main Beach (BCH)
UTILITIES Cable Available,Cable Connected,Electricity Available,Electricity Connected,Natural Gas Available,Natural Gas Connected,Phone Available,Sewer Available,Sewer Connected,Underground Utilities,Water Available,Water Connected, Electric: Electricity - On Property
VIEW Yes
VIEW DESCRIPTION Catalina,City Lights,Coastline,Mountain(s),Ocean
WATER Public
WATERFRONT Yes
WATERFRONT DESCRIPTION Ocean Side Of Freeway
MORTGAGE CALCULATOR
   

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Listing provided by : Carl Wuestehube CalDRE: 00634943 | 800-621-4258, Tri-Star 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 8/19/22 7:37 PM PDT 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

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