2442 Coast , Laguna Beach, CA - 92651 is For Sale

  • OC24024333
  • OC24024333
  • OC24024333
  • OC24024333
  • OC24024333
  • OC24024333
  • OC24024333
  • OC24024333
  • OC24024333
  • OC24024333
  • OC24024333
  • OC24024333
  • OC24024333
  • OC24024333
  • OC24024333
  • OC24024333
$9,500,000· Income property

Description

2442 Laguna is a rare fully renovated 8-unit, three-story, ocean view oriented apartment community built in 1964. Located in the city of Laguna Beach, California, situated on .222 acres of land, this property contains one building constructed of wood frame, and stucco with stone accents. The roof system is flat built up. 2442 Laguna is comprised of a majority two-bedroom / two-bathroom units, with an average unit size of 1,124 sf. 2442 Laguna features panoramic ocean and Catalina Island views which enrich every residence—each offering its own unique character through an array of chic features that vary by unit. Recent DRE Approval - Active TIC (Tenant in Common Ownership Structure), which could allow for individual sale of units. Open floorplans showcase large balconies or expansive rooftop decks, hardwood flooring in a variety of colors, contemporary fireplaces, new windows and glass doors, water- and energy-saving washer and dryer sets, jetted bathtubs, walk-in closets, Noritz instant hot water systems, and state-of-the-art wiring for full HDTV, surround sound, home automation and security systems. Each unit is centered around a modern chef’s kitchen with island, a variety of solid-surface and stone countertops, Wolf ranges and hoods, Sub-Zero refrigerators, Bosch dishwashers, and sleek new cabinetry. Residents will enjoy easy access to stunningly beautiful beaches and coves, a broad spectrum of restaurants and shops, Laguna’s popular Main Beach, Aliso Beach, parks, hiking trails, and luxe hotels, including Montage Resort & Spa.

Features

MLS#: OC24024333
List Price : $9,500,000
Total Units : 8
Net Operating Income : $322,179
Sq M : 835 M2
Year Built : 1964
Days on market : 104 Days
Gross taxes : N/A
Address : 2442 Coast
City : Laguna Beach
State : CA
Zip Code : 92651
Neighborhood : N/A
Stories : 3
Laundry : Dryer Included, Washer Included
Sale Type : Standard
 
Property Type : Residential Income
Original List Price : $9,500,000
Acres : 0.2063
Lot Size (Acres) : 0.2063
Water : Public
Sewer : Public Sewer
Pool Desc : None
Driving Directions : Located directly off of South Coast Highway with tenant access off of Arch Street
Lot Features : Bluff
 
Courtesy of : Peter Hauser , NorthMarq Realty Services, Inc

Location

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