359 Myrtle Street, Laguna Beach

$4,100,000

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0 Bed
0 Bath
.14 Acre
2 Garages

Amazing 4 unit investment property in North Laguna Beach situated on a large 50x122 street to alley lot just 3 blocks to the ocean. Beautifully landscaped grounds offer a pacific tropical paradise with hibiscus, plumeria, palms, ferns, citrus & rose bushes. Each of the 4 units seem like they're individual homes with great open floor plans & views of the lush landscaping. The front house, #359, includes 2 spacious bedrooms, 1 which leads to a private patio, 1 bathroom with a tub & shower, bright light & open kitchen concept to the living & dining rooms. Additional amenities include a front yard, gas fireplace, hardwood floors, and a single enclosed garage with 2nd tandem space behind it. Current rent is $3,675 per month. Unit #361 includes 1 bedroom, 1 bathroom with hardwood floors, living room that looks out to the courtyard, & 2 tandem parking spaces. Currently rented furnished for 31 night minimum stays and with current pricing set at $3,600/ month September - May, and $4,800 June - August. Unit #363 includes 2 spacious bedrooms, 1 bathroom, hardwood floors, front balcony overlooking the courtyard, spacious open kitchen concept, very sunny/bright with peek-a-boo ocean views and awesome 4th of July fireworks display, 1 car garage plus tandem space. Currently rented furnished for 31 night minimum stays for $3,990/ mo Sept - May, and $6,000/ mo June - Aug. Unit 363.5 is a studio with a large outdoor patio, full kitchen. Currently rented furnished 31 night minimum.

Essential Information

MLS® #
TR22020157
Price
$4,100,000
Bathrooms
0.00
Acres
0.14
Year Built
1947
Type
Residential Income
Style
Cottage
Status
Active

Community Information

Address
359 Myrtle Street
Area
NL - North Laguna
Subdivision
North Laguna (NL)
City
Laguna Beach
County
Orange
State
CA
Zip Code
92651

Amenities

Parking Spaces
6
# of Garages
2
Pool
None

Utilities

Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

View

City Lights, Coastline, Hills, Canyon

Interior

Interior
Tile, Wood
Cooling
None
Fireplace
Yes
Stories
Two

Interior Features

Balcony, Furnished, Bedroom on Main Level

Appliances

Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Water Heater, Dryer, Washer

Heating

Fireplace(s), Natural Gas, Wall Furnace

Fireplaces

Bath, Kitchen, Living Room, Outside, Dining Room

Exterior

Exterior
Stucco
Exterior Features
Awning(s)
Roof
Asphalt, Shingle
Construction
Stucco
Foundation
Raised, Combination

Lot Description

Sprinklers In Rear, Sprinklers In Front, Lawn, Near Park, Near Public Transit, Rectangular Lot, Sprinklers Timer, Sprinklers On Side, Sprinkler System, Street Level, Value In Land, Yard, 26-30 Units/Acre

Additional Information

Date Listed
February 1st, 2022
Days on Market
240
HOA Fees
0.00

Listing Details

Agent
Jonathan Minerick
Office
Homecoin.com
Property History
Status Changed from Active Under Contract to Active
Status Changed from Active to Active Under Contract

LISTING MAP

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Based on information from California Regional Multiple Listing Service, Inc. as of September 28th, 2022 at 9:17pm 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.