618 S Coast, Laguna Beach, CA 92651

$4,995,000
4,005
SqFt
List Price
$4,995,000
Status
ACTIVE
MLS#
OC20188062
Year Built
1965
Living Sq. Ft
4,005
Lot Size
5,737
Acres
0.1317
Lot Location
6-10 Units/Acre
Days on Market
18
Property Type
Multifamily
Stories
One Level
Builders Tract Code
The Village (VIL)
Neighborhood
The Village (Vil)

Property Description

This is a 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. REQUEST OFFERING MEMORANDUM FROM BROKER.

Additional Information

Tract Number
410
Lot Description
Biking, Curbs, Gutters, Suburban
Pool Description
None
Garage Spaces Total
3
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Number Of Units Total
5
Gross Scheduled Income
$254,940
Operating Expense
80424
Unit One Total Units
3
Unit One Beds
1
Unit One Baths
1
Unit One Garage Spaces
6.00
Unit One Actual Rent
2850.00
Unit One Total Rent
8550.00
Unit One Pro Forma
9600
Unit One Furnished
Unfurnished
Unit Two Total Units
1
Unit Two Beds
2
Unit Two Baths
1
Unit Two Garage Spaces
2.00
Unit Two Actual Rent
5195.00
Unit Two Total Rent
5195.00
Unit Two Pro Forma
5200
Unit Two Furnished
Unfurnished
Unit Three Total Units
1
Unit Three Beds
1
Unit Three Baths
1
Unit Three Garage Spaces
3.00
Unit Three Actual Rent
7500.00
Unit Three Total Rent
7500.00
Unit Three Pro Forma
7500
Unit Three Furnished
Unfurnished

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Calculator source: Real Geeks

Listing courtesy of John Gessford from First Team Estates

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.