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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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Bought with Brian Estes • Re/Max Commercial & Investment
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