447 N Coast

    Laguna Beach, CA 92651
    • $4,395,000
    • STATUS: Active
    • ON SITE: 48 days
    • ID#: PW18256228
    Price Reduced
    UPDATED: 43 min ago
    $4,395,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,079
      SQFT
    • $1,077
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1920
    County:

    School Ratings & Info

    Description

    We are pleased to present an eight unit multi-family/retail cottage community located in one of the premier coastal communities of Southern California, Laguna Beach, CA. Located in the heart of North Laguna, right on N. Coast Hwy, the subject property was originally built in 1920, and consists of approximately 3,589 square feet on approximately a quarter of an acre lot. The building consists of 3 studio units, 3 one-bedroom / one-bathroom units, 1 two-bedroom / one-bathroom unit with a storefront retail space and a three-bedroom / one-bathroom detached cottage. The property is located on the Ocean side of N. Coast Hwy, just steps from Main Beach, Heisler Park, and world-famous Diver's Cove. Furthermore, with a "Walk Score" of 82, this location is deemed to be "very walkable" where most errands can be accomplished on foot. The tenants benefit from the many restaurants, shops, art galleries and various other entertainment options all within a short walk from the property. This an absolutely incredible opportunity to acquire a true pride of ownership mixed-use asset in one of the most premier locations in all of Southern California, and would make a fantastic addition to any investor's portfolio.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-10T18:30:19.243. 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. Licensed in the State of California, USA.
    www.impactca.com/homes/88753093

    447 N Coast Laguna Beach, CA 92651

    • Price: $4,395,000
    • Status: Active
    • Updated: 43 min ago
    • ID#: PW18256228
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    4,079
    SQFT
    $1,077
    $/SQFT
    1920
    Built
    Neighborhood:
    North Laguna (Nl)
    County:
    Orange
    Area:
    NL - North Laguna
    Property Description
    We are pleased to present an eight unit multi-family/retail cottage community located in one of the premier coastal communities of Southern California, Laguna Beach, CA. Located in the heart of North Laguna, right on N. Coast Hwy, the subject property was originally built in 1920, and consists of approximately 3,589 square feet on approximately a quarter of an acre lot. The building consists of 3 studio units, 3 one-bedroom / one-bathroom units, 1 two-bedroom / one-bathroom unit with a storefront retail space and a three-bedroom / one-bathroom detached cottage. The property is located on the Ocean side of N. Coast Hwy, just steps from Main Beach, Heisler Park, and world-famous Diver's Cove. Furthermore, with a "Walk Score" of 82, this location is deemed to be "very walkable" where most errands can be accomplished on foot. The tenants benefit from the many restaurants, shops, art galleries and various other entertainment options all within a short walk from the property. This an absolutely incredible opportunity to acquire a true pride of ownership mixed-use asset in one of the most premier locations in all of Southern California, and would make a fantastic addition to any investor's portfolio.
    Exterior Features

    Garage Spaces 0.00 Lot Features 6-10 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features Parking Space Parking Total 7.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features None Levels One

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features CurbsSidewalks Country Us Electric Expense 2869.00 Elevation Units Feet Fuel Expense 2869.00 Gardener Expense 1450.00 Gross Income 209811.00 Gross Scheduled Income 249120.00 Insurance Expense 2298.00 Land Lease YN No Laundry YN No Maintenance Expense 9279.00 Net Operating Income 130189.00 New Construction YN No New Taxes Expense 52819.00 Number Of Separate Electric Meters 8 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Operating Expense 79622.00 Other Expense 2000.00 Other Expense Description Misc Professional Management Expense 300.00 Property Sub Type Commercial/Residential Rent Control YN No Senior Community YN No Sewer Public SewerSeptic Type Unknown Special Listing Conditions Standard Subdivision Name Other North Laguna (Nl) Total Expenses 79622.00 Trash Expense 2869.00 Vacancy Allowance Rate 3.00 Water Sewer Expense 2869.00 Water Source Public Year Built Source Assessor Zoning C2

    Listing provided courtesy of Kevin King of Marcus & Millichap and Ryan Gonzalez of Marcus & Millichap.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-10T18:30:19.243. 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. Licensed in the State of California, USA.
     
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