Laguna Beach, CA 92651,510 Glenneyre Street
Laguna Beach, CA 92651,510 Glenneyre Street
Laguna Beach, CA 92651,510 Glenneyre Street
$4,500,000
Est. payment /mo
$4,600,000
2.2%
Est.Price: ?

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3 Beds
4 Baths
5,663 Sqft Lot
SOLD DATE : 07/15/2022

Key Details

Sold Price $4,500,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID OC22097535

Sold Date 07/15/22

Bedrooms 3

HOA Y/N No

Lot Size 5,663 Sqft

Lot Dimensions 114 x 44

Property Description

Amazing investment opportunity in downtown Laguna Beach. This property is in excellent condition and has been professionally managed for years. Walk to the beach, walk to downtown. There is a two bedroom "owner's unit" plus six one bedroom units and a studio. These units are in high demand and never have a vacancy of any meaningful length. Plumbing has been completely updated. Roof has been recently replaced. The property has been in the same family for decades and they have taken very good care of it. but now they have decided it is time to sell. Up to date financials are available with a successful offer as well as copies of all existing leases. All leases are for one year terms and they expire at various times throughout the year. The units are thoroughly inspected and refurbished as needed each time a tenant moves out so there is no "deferred" maintenance.
Amazing investment opportunity in downtown Laguna Beach. This property is in excellent condition and has been professionally managed for years. Walk to the beach, walk to downtown. There is a two bedroom "owner's unit" plus six one bedroom units and a studio. These units are in high demand and never have a vacancy of any meaningful length. Plumbing has been completely updated. Roof has been recently replaced. The property has been in the same family for decades and they have taken very good care of it. but now they have decided it is time to sell. Up to date financials are available with a successful offer as well as copies of all existing leases. All leases are for one year terms and they expire at various times throughout the year. The units are thoroughly inspected and refurbished as needed each time a tenant moves out so there is no "deferred" maintenance.

Location

State CA

County Orange

Area Oc - Laguna Beach (92651)

Zoning Assessor

Exterior

Garage Unit1:Assigned

Roof Type Composition

Building

Story 2

Lot Size Range 4000-7499 SF

Level or Stories 2 Story

Others

Acceptable Financing Cash, Conventional

Space Rent $2,800

Listing Terms Cash, Conventional

Financing Cash

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San Diego Regional MLS (SDMLS)
Listed by Doug Graham • The Silver Group
Bought with Doug Graham • The Silver Group
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