618 S Coast, Laguna Beach

$4,780,000

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0 Bed
0 Bath
.13 Acre
3 Garages

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. Two units are permitted for short term rentals like VRBO. REQUEST OFFERING MEMORANDUM FROM BROKER.

Essential Information

MLS® #
OC20188062
Price
$4,780,000
Bathrooms
0.00
Acres
0.13
Year Built
1965
Type
Residential Income
Status
Active

Community Information

Address
618 S Coast
Area
LV - Laguna Village
Subdivision
The Village (VIL)
City
Laguna Beach
County
Orange
State
CA
Zip Code
92651

Amenities

Parking Spaces
3
# of Garages
3
Pool
None

Interior

# of Stories
1
Stories
One

Exterior

Lot Description
6-10 Units/Acre

Additional Information

Date Listed
September 10th, 2020
Days on Market
225
HOA Fees
0.00

Listing Details

Agent
John Gessford
Office
First Team Estates
Property History
Price Reduced from $4,995,000 to $4,780,000

LISTING MAP

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Based on information from California Regional Multiple Listing Service, Inc. as of May 9th, 2021 at 9:17am PDT. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.