Skip To Content

    618 S Coast

    Laguna Beach, CA 92651
    • $4,780,000
    • STATUS: Active
    • ON SITE: 247 days
    • ID#: OC20188062
    UPDATED: 64 min ago
    $4,780,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,005
      SQFT
    • $1,194
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1965
    County:

    School Ratings & Info

    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.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-16T15:32:13.477. 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 deemed reliable but is not guaranteed accurate by the MLS or Compass. Licensed in the State of California, USA.
    www.sandiegohomesdirect.com/homes/109875108
    Print Image

    618 S Coast Laguna Beach, CA 92651

    • Price: $4,780,000
    • Status: Active
    • Updated: 64 min ago
    • ID#: OC20188062
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    4,005
    SQFT
    $1,194
    $/SQFT
    1965
    Built
    Neighborhood:
    The Village (Vil)
    County:
    Orange
    Area:
    LV - Laguna Village
    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.
    Exterior Features

    Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 5 Parking Total 3 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Common Walls No Common Walls

    Property Features

    Additional Parcels YN No Cap Rate 3.72 Common Interest None Community Features BikingCurbsGutter(S)Suburban Electric Expense 4000 Fuel Expense 900 Garage YN Yes Gross Income 254940 Gross Scheduled Income 254940 Insurance Expense 3700 Land Lease YN No Laundry Features Electric Dryer HookupGas Dryer Hookup Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Maintenance Expense 3500 Net Operating Income 178011 New Construction YN No New Taxes Expense 50817 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 5 Operating Expense 76929 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 254940 Trash Expense 1500 Water Sewer Expense 2000 Water Source Public

    Listing provided courtesy of John Gessford of First Team Estates


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-16T15:32:13.477. 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 deemed reliable but is not guaranteed accurate by the MLS or Compass. Licensed in the State of California, USA.
     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364730819-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364730819-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364730819-1.jpg
    Logo
    Compass
    617 Saxony Place #101
    Encinitas CA, 92024