304 Myrtle Street , Laguna Beach, CA - 92651 is For Sale

  • LG24070119
  • LG24070119
  • LG24070119
  • LG24070119
  • LG24070119
  • LG24070119
  • LG24070119
  • LG24070119
  • LG24070119
  • LG24070119
  • LG24070119
  • LG24070119
$4,995,000· Income property

Description

Offered for the first time in over 80 years, this extremely rare, iconic Spanish-Revival property epitomizes the classic "native" California architecture and style. Located on a prime corner in North Laguna Beach, the most desirable part of town, within blocks of world-famous beaches, art galleries, restaurants and other nearby attractions. Offering an eclectic mix of one two-bedroom unit, four one-bedroom units, one studio, three one-car garages and a dedicated laundry room, there is an endless demand for quality rental properties in Laguna Beach with an unusually high ceiling for rents - especially this close to the water. Towering 100+ year-old palm trees sway in the ocean-breeze surrounding this trophy property. This is a unique investment property, the likes of which may not be appear again for a very long time.

Features

MLS#: LG24070119
List Price : $4,995,000
Total Units : 6
Net Operating Income : $126,539
Sq M : 588 M2
Year Built : 1942
Days on market : 22 Days
Gross taxes : N/A
Address : 304 Myrtle Street
City : Laguna Beach
State : CA
Zip Code : 92651
Neighborhood : N/A
Appliances : Dishwasher, Gas & Electric Range, Water Heater
Fireplace Features : None
Foundation : Slab
Stories : 2
Laundry : Common Area
Parking Features : Garage Faces Rear, Garage - Three Door
Sale Type : Standard
Spa : None
View : Peek-A-Boo
 
Property Type : Residential Income
Property Style : Spanish
Original List Price : $4,995,000
Acres : 0.1453
Lot Size (Acres) : 0.1453
Heating : Combination
Water : Public
Sewer : Sewer Paid
Parking Features : Garage Faces Rear, Garage - Three Door
Pool Desc : None
Utilities : Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Interior Features : High Ceilings
Cooling : None
Flooring : Tile, Wood
Roofing : Spanish Tile
Driving Directions : PCH to Myrtle. At intersection of Myrtle and Cypress.
Lot Features : Corner Lot
 
Courtesy of : David Csira , Cove Canyon Realty

Location

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