1254 Glenneyre, Laguna Beach

$1,900,000

1254 Glenneyre is a 2 BR home on a double wide lot in the heart of the Village. Totally remodeled within the last five years, it has a new kitchen and bath, wood floors, walls & open beamed ceiling, a built-in bar in the livingroom adds to the lodge character of the structure. The price includes 3 rental cabins on the property as well. All units have been totally remodeled, new kitchens, baths, electrical & plumbing t/o. New roofs and skylights, decks & porches. Enjoy ocean views from the main home and two of the three units, which bring in between $7300-7500/mo. income. 1264 Glenneyre is a separate 1BR concrete log cabin that is currently for rent @ $3000/mo., but it has rented in the past for $3250/mo. Two units are currently rented on a month-to-month basis, furnished @ $4400/month. Ideal for a Village home buyer who wants location, views and help with paying the mortgage by renting out the cabins. Also, a great compound for co-owners or investors. Flexible zoning allows for various work/live situations, even a B & B. Property has been on the market for sale under Residential Income under the address of 1252 Glenneyre. There are many ways to add onto the main house & back structure to increase the income stream or accommodate more people.

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