Price Reduction - Water Views
Address
31674 Coast Laguna Beach, CA
Price
$ 2,950,000
Property Attributes
  • MLS#PW21061396
  • TypeIncome
  • CountyORANGE
  • CityLaguna Beach
  • AreaSouth Laguna
  • Zip92651
  • Style
  • Price$ 2,950,000
  • Bedrooms4
  • Full Bathrooms4
  • Half Bathrooms0
  • Lot Size3,250 SqFt
Listing Provided Courtesy Of:
Michael Sacks with Coldwell Banker Realty.
Data Source:
CRMLS
Property Description

This is a well maintained mixed-use investment property located on the iconic Pacific Coast Highway in South Laguna Village. Rare mixed-use apartment/retail property containing (6) total units. The mix of units consist of (1) Studio, (2) 1BR/1BA,(1) 2BR/1BA and (2) retail stores. Quality tenants in place as both the nail salon and the tailoring & Design business have more than 15 years in this location; and the apartments tenants truly love this as their home. This property now utilizes a resident-utility-billback-system as the landlord has no utility costs. Adjacent to the property are coveted Table Rock & 1,000 Steps Beaches, known for dramatic rock formations and stunning views; Vacationers and local beach goers are driven to this area throughout the year. With stabilized rents and updated interiors, a new owner can rely on reliable income and phenomenal historical appreciation.

Price History
3/24/2021 Listed $2,999,000
6/15/2021 2% - $2,950,000

General Features

Community Features Curbs, Hiking, Storm Drain(s), Sidewalks, Water Sports
Levels Two
Listing Agent Michael Sacks - BRE#01945984
Listing Agent State License 01945984
MLS Area SL - South Laguna
Pool Features None
Property Type Residential Income
Sewer Public Sewer
Special Listing Conditions Standard
Stories 2
Terms Cash, Cash to New Loan
Total Actual Rent 14090
Total Units 6
View Coastline, Ocean
Zoning C2

Interior Features

Common Walls No Common Walls
Laundry Features Inside, See Remarks

Exterior Features

Lot Features 2-5 Units/Acre
Lot Size Acres 0.07
Lot Size Area 3250
Lot Size Source Owner
Lot Size Square Feet 3250
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 3
Number of Separate Gas Meters 1
Number of Separate Water Meters 1
View Y/N Yes
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 92651

Price
AVG $5.26M
$2.95M
Visits
AVG 272
71
Year Built
AVG 1959
1935
Walkscore
AVG 76
47
Data Provided by Walkscore ® not using MLS data

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