2442 S Coast Laguna Beach, CA 92651
Sale
$9,500,000
8 Units
2 Beds
2 Baths
9,336 Area(sq.ft.)
8,988 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 8 | 2 | 2 | No | $ 474,396 | $ 474,396 | $ 587,400 |
| 1 | 8 | 16 | 16 | $ 3,795,168 | $ 3,795,168 | $ 4,699,200 |
| MLS #: | OC24024333MR |
| Days On Market: | 123 |
| County: | Orange County |
| Property Type: | Residential Income |
| Price per ft2: | $ 1,018 |
| Price per unit: | $ 1,187,500 |
| Year Built: | 1964 |
Property Details
2442 Laguna is a rare fully renovated 8-unit, three-story, ocean view oriented apartment community built in 1964. Located in the city of Laguna Beach, California, situated on .222 acres of land, this property contains one building constructed of wood frame, and stucco with stone accents. The roof system is flat built up. 2442 Laguna is comprised of a majority two-bedroom / two-bathroom units, with an average unit size of 1,124 sf. 2442 Laguna features panoramic ocean and Catalina Island views which enrich every residence each offering its own unique character through an array of chic features that vary by unit. Recent DRE Approval - Active TIC (Tenant in Common Ownership Structure), which could allow for individual sale of units. Open floorplans showcase large balconies or expansive rooftop decks, hardwood flooring in a variety of colors, contemporary fireplaces, new windows and glass doors, water- and energy-saving washer and dryer sets, jetted bathtubs, walk-in closets, Noritz instant hot water systems, and state-of-the-art wiring for full HDTV, surround sound, home automation and security systems. Each unit is centered around a modern chef s kitchen with island, a variety of solid-surface and stone countertops, Wolf ranges and hoods, Sub-Zero refrigerators, Bosch dishwashers, and sleek new cabinetry. Residents will enjoy easy access to stunningly beautiful beaches and coves, a broad spectrum of restaurants and shops, Laguna s popular Main Beach, Aliso Beach, parks, hiking trails, and luxe hotels, including Montage Resort & Spa.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | False |
| Total Annual Expense: | $ 137,985 |
| Net Operating Income: | $ 322,179 |
Structure
| Community Features: | Biking, Watersports |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Land Lease Type: | Fee |
| Total Parking: | 10 |
Interior
| Laundry: | Dryer, Dryer Included, Washer, Washer Included |
Exterior
| Pool: | No |
Detailed Map
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