618 South. Coast, Laguna Beach, CA 92651 - OC20188062 - iPro Real Estate
iPro Real Estate

iPro Real Estate

618 South. Coast
Laguna Beach, CA 92651

Active, Multi-Family/Income Sale

Price Decrease
For Sale

$4,780,000 $833.19 per sqft

Free Professional CMA

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 

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Interactive

33.539459 -117.780716 $4,780,000 OC20188062
618 South. Coast, Laguna Beach, CA 92651
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Local Statistics

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

Anneliese Schools

private • K-3
GS Rating

Parent Rating
Distance
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Distance
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Parent Rating
Distance
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Parent Rating
Distance

Anneliese's School

private • K
GS Rating

Parent Rating
Distance
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Distance

Anneliese Schools

private • PK-6
GS Rating

Parent Rating
Distance
School Name GS Rating Parent Rating Distance

Laguna Beach Adult

public • n/a
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Distance

Thurston Middle School

public • 6-8
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Parent Rating
Distance
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Aliso Viejo Christian

private • K-8
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Distance

St. Mary's School

private • PK-8
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Laguna Niguel Jr. Academy

private • K-10
GS Rating

Parent Rating
Distance
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Distance

Vandamme Academy

private • K-8
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Parent Rating
Distance
School Name GS Rating Parent Rating Distance

Laguna Beach High School

public • 9-12
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Distance

Laguna Beach Adult

public • n/a
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Laguna Niguel Jr. Academy

private • K-10
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Distance
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Distance

Aliso Niguel High School

public • 9-12
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Distance

Ocean View School

private • 5-12
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Crosswalk Academy

private • 1-12
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Saddleback Christian Academy

private • 1-12
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Distance

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