Laguna Beach, CA 92651,31674 Coast
Laguna Beach, CA 92651,31674 Coast
Laguna Beach, CA 92651,31674 Coast
$2,900,000
Est. payment /mo
$2,950,000
1.7%
Est.Price: ?

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3,870 SqFt
SOLD DATE : 09/16/2021

Key Details

Sold Price $2,900,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 3,870 sqft

Price per Sqft $749

MLS Listing ID PW21061396

Sold Date 09/16/21

HOA Y/N No

Year Built 1935

Lot Size 3,249 Sqft

Acres 0.0746

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.

Location

State CA

County Orange

Area Sl - South Laguna

Zoning C2

Rooms

Ensuite Laundry Inside, See Remarks

Interior

Laundry Location Inside,See Remarks

Fireplace No

Laundry Inside, See Remarks

Exterior

Pool None

Community Features Curbs, Hiking, Storm Drain(s), Sidewalks, Water Sports

View Y/N Yes

View Coastline, Ocean

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 05610105

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Michael Sacks • Coldwell Banker Realty
Bought with Brian Estes • Re/Max Commercial & Investment
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