$4,500,000
$4,600,000
2.2%For more information regarding the value of a property, please contact us for a free consultation.
5,662 Sqft Lot
SOLD DATE : 07/15/2022
Key Details
Sold Price $4,500,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision The Village (Vil)
MLS Listing ID OC22097535
Sold Date 07/15/22
Construction Status Turnkey
HOA Y/N No
Year Built 1953
Annual Tax Amount $8,128
Lot Size 5,662 Sqft
Lot Dimensions Assessor
Property Description
Amazing investment opportunity in downtown Laguna Beach. This property is in excellent condition and has been professionally managed for years. Walk to the beach, walk to downtown. There is a two bedroom "owner's unit" plus six one bedroom units and a studio. These units are in high demand and never have a vacancy of any meaningful length. Plumbing has been completely updated. Roof has been recently replaced. The property has been in the same family for decades and they have taken very good care of it. but now they have decided it is time to sell. Up to date financials are available with a successful offer as well as copies of all existing leases. All leases are for one year terms and they expire at various times throughout the year. The units are thoroughly inspected and refurbished as needed each time a tenant moves out so there is no "deferred" maintenance.
Location
State CA
County Orange
Area Lv - Laguna Village
Interior
Cooling None
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Garage Assigned, Carport
Carport Spaces 4
Pool None
Community Features Biking
Utilities Available Cable Connected, Electricity Connected, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Composition
Total Parking Spaces 4
Private Pool No
Building
Lot Description Landscaped
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Construction Status Turnkey
Others
Senior Community No
Tax ID 64401205
Energy Description 1833.0
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Cash
Special Listing Condition Standard
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Bought with Doug Graham • The Silver Group
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "