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618 S Coast Laguna Beach, CA 92651
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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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Bought with Dean Garcia • Auston Driver