618 S Coast

Laguna Beach, CA 92651 View Map $4,780,000 Schedule a Tour
Sq.Ft. Lot5,737
Year1965
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Christian Walsh

Christian Walsh

(949) 635-4466
 
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Status: Active
Property Type:Residential Income (Multi-Family)
MLS #:OC20188062
On Site:127 Days
Lot Size:5,737 Sq. Ft.
County:Orange
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. REQUEST OFFERING MEMORANDUM FROM BROKER.

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$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.

Detailed Maps

Community Information

Address:618 S Coast Laguna Beach, CA 92651
County:Orange
Subdivision:The Village (Vil)
Zip Code:92651

Architecture

Year Built:1965
Stories:One
Total Units: 5
Stories Total: 1
Unit 1: 3 Units•1 Bed•1 Bath•6 Garages•Unfurnished•$2,850 actual rent•$8,550 total rent•$9,600 pro forma
Unit 2: 1 Unit•2 Beds•1 Bath•2 Garages•Unfurnished•$5,195 actual rent•$5,195 total rent•$5,200 pro forma
Unit 3: 1 Unit•1 Bed•1 Bath•3 Garages•Unfurnished•$7,500 actual rent•$7,500 total rent•$7,500 pro forma
Garage Spaces: 3

Features / Amenities

Laundry: Electric Dryer Hookup, Gas & Electric Dryer Hookup
Common Walls: No Common Walls
Parking Total: 3

Property Features

Lot Size: 0.13 Acres / 5,737 Sq. Ft.
Lot Features: 6-10 Units/Acre
Lot Number: 37
Sewer: Public Sewer
Water: Public
Directions:Coast Hwy and Legion St.

Tax and Financial Info

Land Lease: No
Electric Expense: 4000.00
Insurance Expense: 3700.00
Maintenance Expense: 3500.00
Trash Expense: 1500.00
Water / Sewer Expense: 2000.00
Total Expenses: 76929.00
Gross Annual Income: 254940.00

Schools

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618 S Coast Laguna Beach, CA 92651
GO SEE THIS LISTING
618 S Coast Laguna Beach, CA 92651
 
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Listing provided courtesy of John Gessford, First Team Estates.
Based on information from California Regional Multiple Listing Service, Inc. as of April 21, 2021. 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. IDX provided by Sierra Interactive.