618 South. Coast, Laguna Beach, CA 92651 - OC20188062

Listing ID : OC20188062

Garage
3
Lot Size
5,737 Sqft
Year
1965

Description

100% Leased trophy property walking distance to the beach and downtown "The Village" in Laguna Beach. Excellent unit mix of (3) 1+1s, (1) 2+2, and a commercial unit. The Two bedroom Unit & Commercial Unit have an Amazing Ocean View. There is tremendous upside potential by increasing the residential rents on the 1+1s. And when leases turn, have the tenants pay their own electric bill. The building is separately metered, however the Owner did not take advantage of this and is paying for everyone's electricity. REQUEST OFFERING MEMORANDUM FROM BROKER.

Details

Type: Multi-Family/Income Sale

Subdivision: Lv - Laguna Village

MLS Area: LV - Laguna Village

County: Orange

Tax ID: 64403629

Cap Rate: 3.72%

Gross Rent Multiplier: 18.75

Days on Market: 214

Laundry: 9, 38

Number of Buildings: 2

Number of Units: 5

Parking Spaces: 3

Property Type: Commercial Sale

Water: District - Public

Show More

Interactive

618 South. Coast, Laguna Beach, CA 92651
Directions to here from: 155 mi

Local Statistics

Laguna Beach

View details...

Area Information 92651

Population:

29,182 Up .02% since 2010

Average Income:

$171,061

Average Age:

46Years

Gender:

49.65%Male
50.35%Female

Households:

13,17423.21% with children

Average Value:

$2,573,750

Occupancy:

59.11%Owned
40.89%Rented
15.21%Vacant

Education:

6.7%High School
6.32%Associate
38.37%Bachelor
29.92%Graduate

Average Residency:

21Years

Crime Rate:

Below Average

Annual Rainfall:

14.02Inches

Earthquake Risk:

Very High

Hail Risk:

Very Low

Hurricane Risk:

Very Low

Ozone Risk:

Average

Pollution Risk:

Average

Tornado Risk:

Below Average

Wind Risk:

Very Low

Nearby Schools Laguna Beach School Districts

School Name	GS Rating	Parent Rating	Distance
Laguna Beach Adult public • n/a	GS Rating	Parent Rating	Distance 0.3 mi
Anneliese Schools private • K-3	GS Rating	Parent Rating	Distance 0.4 mi
Top Of The World Elementary School public • K-5	GS Rating	Parent Rating	Distance 1.7 mi
St. Catherine Of Siena Parish School private • K-8	GS Rating	Parent Rating	Distance 2.0 mi
El Morro Elementary School public • K-5	GS Rating	Parent Rating	Distance 2.2 mi
Anneliese's School private • K	GS Rating	Parent Rating	Distance 2.3 mi
Canyon Vista Elementary School public • K-5	GS Rating	Parent Rating	Distance 3.0 mi
Anneliese Schools private • PK-6	GS Rating	Parent Rating	Distance 3.1 mi

School Name	GS Rating	Parent Rating	Distance
Laguna Beach Adult public • n/a	GS Rating	Parent Rating	Distance 0.3 mi
Thurston Middle School public • 6-8	GS Rating	Parent Rating	Distance 1.1 mi
St. Catherine Of Siena Parish School private • K-8	GS Rating	Parent Rating	Distance 2.0 mi
Aliso Viejo Christian private • K-8	GS Rating	Parent Rating	Distance 3.3 mi
St. Mary's School private • PK-8	GS Rating	Parent Rating	Distance 3.4 mi
Laguna Niguel Jr. Academy private • K-10	GS Rating	Parent Rating	Distance 3.5 mi
The Discovery Preparatory School private • 6-12	GS Rating	Parent Rating	Distance 3.5 mi
Vandamme Academy private • K-8	GS Rating	Parent Rating	Distance 3.5 mi

School Name	GS Rating	Parent Rating	Distance
Laguna Beach High School public • 9-12	GS Rating	Parent Rating	Distance 0.2 mi
Laguna Beach Adult public • n/a	GS Rating	Parent Rating	Distance 0.3 mi
Laguna Niguel Jr. Academy private • K-10	GS Rating	Parent Rating	Distance 3.5 mi
The Discovery Preparatory School private • 6-12	GS Rating	Parent Rating	Distance 3.5 mi
Aliso Niguel High School public • 9-12	GS Rating	Parent Rating	Distance 3.8 mi
Ocean View School private • 5-12	GS Rating	Parent Rating	Distance 3.9 mi
Crosswalk Academy private • 1-12	GS Rating	Parent Rating	Distance 5.1 mi
Saddleback Christian Academy private • 1-12	GS Rating	Parent Rating	Distance 5.4 mi

View all...

History

Date	Transaction	Price	Mortgage Amt & Lender
Date Mar 04, 2021	Transaction Active - Commercial Multi-Residential (5+ units)CROC20188062	Price $4,780,000	Mortgage Amt & Lender - -
Date Feb 01, 2020	Transaction Expired - Commercial Multi-Residential (5+ units)CROC19262746	Price $4,995,000	Mortgage Amt & Lender - -
Date Jun 08, 2019	Transaction Expired - Commercial Multi-Residential (5+ units)CRLG18134828	Price $5,900,000	Mortgage Amt & Lender - -
Date Jun 07, 2019	Transaction Sold - Commercial Multi-Residential (5+ units)CRLG16168184	Price $3,350,000	Mortgage Amt & Lender - -

Mortgage Calculator

Listed by John Gessford with First Team Estates

Based on information from the MLSListings MLS) as of 4/13/2021. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than iPro Real Estate are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. Based on information from the MLSListings MLS) as of 4/13/2021. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. ©2021 MLSListings Inc. All rights reserved. Data updated approximately every 30 minutes

Office: 888-603-IPRO

618 South. Coast - $4,780,000