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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.
Property Type(s):
Multi Family
| Last Updated | 10/23/2024 | Tract | The Village (VIL) |
|---|---|---|---|
| Year Built | 1922 | Community | Laguna Village |
| Garage Spaces | 1.5 | County | Orange |
SCHOOLS
| School District | Laguna Beach Unified |
|---|
Price History
| Prior to Sep 16, '24 | $4,350,000 |
|---|---|
| Sep 16, '24 - Oct 23, '24 | $4,295,000 |
| Oct 23, '24 - Today | $4,245,000 |
Additional Details
| 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 |
Location
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Listed with Pacific Sotheby’s International Realty
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2024.
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