Skip To Content

    618 S Coast

    Laguna Beach, CA 92651
    • $4,780,000
    • STATUS: Active
    • ON SITE: 214 days
    • ID#: OC20188062
    UPDATED: 3 min ago
    $4,780,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,005
      SQFT
    • $1,194
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1965
    County:

    School Ratings & Info

    Description

    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.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-13T08:28:02.15. 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 deemed reliable but is not guaranteed accurate by the MLS or Realty Masters & Associates. Licensed in the State of California, USA.
    www.mckeeregroup.com/homes/109875108
    Print Image

    618 S Coast Laguna Beach, CA 92651

    • Price: $4,780,000
    • Status: Active
    • Updated: 3 min ago
    • ID#: OC20188062
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    4,005
    SQFT
    $1,194
    $/SQFT
    1965
    Built
    Neighborhood:
    The Village (Vil)
    County:
    Orange
    Area:
    LV - Laguna Village
    Property Description
    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.
    Exterior Features

    Garage Spaces 3.00 Lot Features 6-10 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 3.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Electric Dryer HookupGas & Electric Dryer Hookup Levels One

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 3.72 Community Features BikingCurbsGuttersSuburban Country Us Electric Expense 4000.00 Elevation Units Feet Fuel Expense 900.00 Gross Income 254940.00 Gross Multiplier 18.75 Gross Scheduled Income 254940.00 Insurance Expense 3700.00 Land Lease YN No Laundry YN Yes Maintenance Expense 3500.00 Net Operating Income 178011.00 New Construction YN No New Taxes Expense 50817.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 5 Operating Expense 76929.00 Professional Management Expense 12807.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other The Village (Vil) Total Actual Rent 254940.00 Total Expenses 76929.00 Trash Expense 1500.00 Water Sewer Expense 2000.00 Water Source Public Year Built Source Public Records

    Listing provided courtesy of John Gessford of First Team Estates


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-13T08:28:02.15. 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 deemed reliable but is not guaranteed accurate by the MLS or Realty Masters & Associates. Licensed in the State of California, USA.
     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364730819-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364730819-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364730819-1.jpg
    Logo
    Realty Masters & Associates
    2900 Adams St #A-420
    Riverside CA, 92504