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Key Details
Sold Price $4,125,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision North Laguna (Nl)
MLS Listing ID LG24070119
Sold Date 10/03/24
HOA Y/N No
Year Built 1942
Lot Size 6,329 Sqft
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.
Location
State CA
County Orange
Area Nl - North Laguna
Interior
Interior Features High Ceilings
Heating Combination
Cooling None
Flooring Tile, Wood
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Electric Range, Gas Range, Water Heater
Laundry Common Area
Exterior
Garage Door-Multi, Garage, Garage Faces Rear
Garage Spaces 3.0
Garage Description 3.0
Fence None
Pool None
Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Suburban
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N Yes
View Peek-A-Boo
Roof Type Spanish Tile
Accessibility None
Total Parking Spaces 3
Private Pool No
Building
Lot Description Corner Lot
Story 2
Entry Level Two
Foundation Slab
Sewer Sewer Tap Paid
Water Public
Architectural Style Spanish
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 49613615
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Mark Langer • Far West Management Corporation
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