Laguna Beach, CA 92651,618 S Coast
Laguna Beach, CA 92651,618 S Coast
Laguna Beach, CA 92651,618 S Coast
Laguna Beach, CA 92651,618 S Coast
Laguna Beach, CA 92651,618 S Coast
Laguna Beach, CA 92651,618 S Coast
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$5,100,000

$5,298,000

3.7%
Est.Price: ?

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Est. payment /mo

5,736 Sqft Lot


SOLD DATE : 12/13/2021

Key Details

Sold Price $5,100,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision The Village (Vil)

MLS Listing ID OC20188062

Sold Date 12/13/21

HOA Y/N No

Year Built 1965

Lot Size 5,736 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.

Location

State CA

County Orange

Area Lv - Laguna Village

Interior

Fireplace No

Laundry Electric Dryer Hookup, Gas Dryer Hookup

Exterior

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Biking, Curbs, Gutter(s), Suburban

Total Parking Spaces 3

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 64403629

Energy Description 900.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash to Loan

Special Listing Condition Standard

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Valerie Van De Zilver

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California Regional MLS (CRMLS)
Listed by John Gessford • First Team Estates
Bought with Dean Garcia • Auston Driver
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5280 2nd St., Long Beach, CA, 90803 Unit, USA

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