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    2442 S Coast Highway

    Laguna Beach, CA 92651
    • $8,950,000
    • STATUS: Active
    • ON SITE: 111 days
    • ID#: LG21014610
    UPDATED: 58 min ago
    $8,950,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,991
      SQFT
    • $995
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    Whether youre searching for an ideal investment, tax advantages, a chic beach getaway or all of that and more, this fashionably remodeled 8-residence property on South Coast Highway in Laguna Beach is ready to enrich your life. Go in with friends and family, keep a few units for yourself and rent the rest, make one your perfect ocean-side hideaway or rent them all and reap the rewards...the choice is all yours. Panoramic ocean and Catalina Island views amp up the beauty of every residenceeach offering its own unique character through an array of high-end features that vary by unit. Open floorplans showcase large balconies or expansive rooftop decks, hardwood flooring, 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 apartment is centered around a sleek kitchen with island, a variety of solid-surface and stone countertops, high-end appliances and new cabinetry. The property boasts easy access to beautiful beaches and coves, restaurants and shops, parks, hiking trails, and luxe hotels including Montage Resort & Spa.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-18T22:35:40.89. 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 deemed reliable but is not guaranteed accurate by the MLS or The Bhagat Group. Licensed in the State of California, USA.
    www.propertycove.com/homes/113641269
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    2442 S Coast Highway Laguna Beach, CA 92651

    • Price: $8,950,000
    • Status: Active
    • Updated: 58 min ago
    • ID#: LG21014610
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    8,991
    SQFT
    $995
    $/SQFT
    1964
    Built
    Neighborhood:
    Alta Vista (Av)
    County:
    Orange
    Area:
    LV - Laguna Village
    Property Description
    Whether youre searching for an ideal investment, tax advantages, a chic beach getaway or all of that and more, this fashionably remodeled 8-residence property on South Coast Highway in Laguna Beach is ready to enrich your life. Go in with friends and family, keep a few units for yourself and rent the rest, make one your perfect ocean-side hideaway or rent them all and reap the rewards...the choice is all yours. Panoramic ocean and Catalina Island views amp up the beauty of every residenceeach offering its own unique character through an array of high-end features that vary by unit. Open floorplans showcase large balconies or expansive rooftop decks, hardwood flooring, 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 apartment is centered around a sleek kitchen with island, a variety of solid-surface and stone countertops, high-end appliances and new cabinetry. The property boasts easy access to beautiful beaches and coves, restaurants and shops, parks, hiking trails, and luxe hotels including Montage Resort & Spa.
    Exterior Features

    Lot Features Paved Number Of Separate Electric Meters 8 Open Parking Spaces 6 Parking Total 10 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Common Walls No Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes

    Property Features

    Additional Parcels YN No Builder Name Other Cap Rate 3.34 Common Interest None Community Features Curbs Electric Expense 6240 Fuel Expense 0 Garage YN Yes Gross Income 0 Gross Scheduled Income 422619 Insurance Expense 3080 Land Lease YN No Laundry Features Inside Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Net Operating Income 299207 New Construction YN No New Taxes Expense 90965 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 8 Operating Expense 123412 Property Sub Type Mixed Use Rent Control YN No Senior Community YN No Sewer Public SewerSewer Tap Paid Special Listing Conditions Standard Supplies Expense 2400 Trash Expense 0 Utilities Sewer Connected Water Sewer Expense 0 Water Source Public

    Listing provided courtesy of Andy Stavros of Douglas Elliman Of California, Inc. and Peter Hauser of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-18T22:35:40.89. 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 deemed reliable but is not guaranteed accurate by the MLS or The Bhagat Group. Licensed in the State of California, USA.
     
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    The Bhagat Group
    22939 Hawthorne Blvd, Suite 203
    Torrance CA, 90505