Laguna Beach, CA 92651,618 S Coast
Laguna Beach, CA 92651,618 S Coast
Laguna Beach, CA 92651,618 S Coast
$5,100,000
Est. payment /mo
$5,298,000
3.7%
Est.Price: ?

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4 Beds
3 Baths
5,737 Sqft Lot
SOLD DATE : 12/13/2021

Key Details

Sold Price $5,100,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID OC20188062

Sold Date 12/13/21

Bedrooms 4

HOA Y/N No

Lot Size 5,737 Sqft

Property Description

100% Leased trophy property walking distance to the beach and downtown "The Village" in Laguna Beach. Excellent unit mix of (3) 1+1s, (1) 2+2, and a commercial unit. The Two bedroom Unit & Commercial Unit have an Amazing Ocean View. There is tremendous upside potential by increasing the residential rents on the 1+1s. And when leases turn, have the tenants pay their own electric bill. The building is separately metered, however the Owner did not take advantage of this and is paying for everyone's electricity. Two units are permitted for short term rentals like VRBO. REQUEST OFFERING MEMORANDUM FROM BROKER.
100% Leased trophy property walking distance to the beach and downtown "The Village" in Laguna Beach. Excellent unit mix of (3) 1+1s, (1) 2+2, and a commercial unit. The Two bedroom Unit & Commercial Unit have an Amazing Ocean View. There is tremendous upside potential by increasing the residential rents on the 1+1s. And when leases turn, have the tenants pay their own electric bill. The building is separately metered, however the Owner did not take advantage of this and is paying for everyone's electricity. Two units are permitted for short term rentals like VRBO. REQUEST OFFERING MEMORANDUM FROM BROKER.

Location

State CA

County Orange

Area Oc - Laguna Beach (92651)

Zoning Public Rec

Building

Lot Description Curbs

Story 1

Lot Size Range 4000-7499 SF

Level or Stories 1 Story

Others

Acceptable Financing Cash

Space Rent $2,850

Listing Terms Cash

Read Less Info

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San Diego Regional MLS (SDMLS)
Listed by John Gessford • First Team Estates
Bought with Dean Garcia • Auston Driver
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