2838 Wards TER Laguna Beach, CA 92651
Active
$4,495,000
3 Units
4 Beds
3 Baths
2,191 Area(sq.ft.)
2,250 Lot Size(sq.ft.)
Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
---|---|---|---|---|---|---|---|
Unit 1 | 1 | 1 | 1 | No | $ 2,695 | n/a | $ 2,800 |
Unit 2 | 1 | 1 | 1 | No | $ 2,995 | n/a | $ 3,300 |
Unit 3 | 1 | 2 | 1 | No | $ 4,495 | n/a | $ 4,900 |
3 | 3 | 4 | 3 | $ 10,185 | $ 0 | $ 11,000 |
MLS #: | OC25017762MR |
Days On Market: | 1 |
County: | Orange County |
Property Type: | Residential Income |
Price per ft2: | $ 2,052 |
Price per unit: | $ 1,498,333 |
Year Built: | 1927 |
Property Details
Perched along Wards Terrace in South Laguna Beach, this classic 1920s triplex is just steps from the sands of Victoria Beach, offers ocean views, and outstanding ARV income potential. Escape to the beach with family and friends or take advantage of short- or long-term revenue opportunities, with a property primed for future value potential. Its location at the beach is among the best along the Orange County coast, only moments from the luxurious Montage Laguna Beach resort, classic restaurants including Dizz s As Is, the golf course at The Ranch at Laguna Beach, and downtown Laguna s popular galleries and boutiques. Victoria Beach, with its enchanting Pirates Tower, tide pools and dramatic sunset vistas, continues to charm locals and visitors alike. At home, residents will enjoy a trio of open and bright apartments, including a beautiful top-level unit with panoramic ocean views that encompass breaking waves and Catalina Island. This apartment also hosts two bedrooms, one bath, a fireplace and an ocean-view balcony. Two one-bedroom, one-bath units include one with a private stone patio and another with a loft. Two single-car garages feature brand-new doors, and wood floors, open-beam ceilings and upgraded kitchens are on display. With its beach setting, priceless views and enviable income prospects, this cottage-style Laguna Beach triplex is poised to enrich your lifestyle.Interested in this Listing?
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Income Details
Rent Control: | False |
Total Annual Expense: | $ 327 |
Net Operating Income: | $ 109,705 |
Cap Rate: | 2.5% |
Gross Rent Multiplier: | 2.70 |
Actual Gross Rent: | $ 10,185 |
Structure
Community Features: | Fishing, Hiking, Suburban |
Sewer: | Public Sewer |
Water: | Public |
Land & Parking
Land Lease Type: | Fee |
Parking Garage: | Garage, Garage - 1 Car |
Interior
Cooking Appliances: | Range |
AC/Cooling: | None |
Equipment: | Garage, Refrigerator |
Heating: | Wall |
Fireplace Rooms: | Family Room |
Laundry: | Garage |
Laundry Equipment: | Own |
Laundry Income: | 1200.00 |
Exterior
Pool: | No |
Detailed Map
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