31674 Coast, Laguna Beach, CA 92651

$2,999,000
List Price
$2,999,000
Status
ACTIVE
MLS#
PW21061396
Year Built
1935
Lot Size
3,250
Acres
0.07
Lot Location
Item25UnitsAcre
Days on Market
53
Property Type
Multifamily
Stories
Two Levels

Property Description

This is a well maintained mixed-use investment property located on the iconic Pacific Coast Highway in South Laguna Village. Rare mixed-use apartment/retail property containing (6) total units. The mix of units consist of (1) Studio, (2) 1BR/1BA,(1) 2BR/1BA and (2) retail stores. Quality tenants in place as both the nail salon and the tailoring & Design business have more than 15 years in this location; and the apartments tenants truly love this as their home. The units share some utility meters as Seller has begun transitioning tenants to resident-utility-billback-system. Adjacent to the property are coveted Table Rock & 1,000 Steps Beaches, known for dramatic rock formations and stunning views; Vacationers and local beach goers are driven to this area throughout the year. With stabilized rents and updated interiors, a new owner can rely on reliable income and phenomenal historical appreciation.

Additional Information

Pool Description
None
View
Coastline, Ocean
Sewer
Public Sewer
Water
Public
Number Of Units Total
6
Gross Scheduled Income
$164,100
Operating Expense
159177

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Michael Sacks from Coldwell Banker Realty

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.