Bought with Dean Garcia • Auston Driver
$5,100,000
$5,298,000
3.7%For more information regarding the value of a property, please contact us for a free consultation.
618 S Coast Laguna Beach, CA 92651
4,005 SqFt
Key Details
Sold Price $5,100,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 4,005 sqft
Price per Sqft $1,273
MLS Listing ID CROC20188062
Sold Date 12/13/21
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1965
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.
Location
State CA
County Orange
Interior
Fireplace No
Laundry Other
Building
Water Public
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