150 Cliff Dr., Laguna Beach, CA 92651 - PW20224742 - iPro Real Estate
iPro Real Estate

iPro Real Estate

150 Cliff Dr.
Laguna Beach, CA 92651

Canceled, Multi-Family/Income Sale

For Sale

$7,995,000 $915.18 per sqft

Free Professional CMA

Listing ID : CRPW20224742

  • Garage

    8
  • Lot Size

    8,736 Sqft
  • Year

    1992

Description

VALUE ADD OPPORTUNITY IN LAGUNA BEACH. 4-unit luxury condominium portfolio available in Downtown Laguna Beach. Each residence features a huge wraparound deck with stunning ocean and city views, floor to ceiling windows, secure gated access, and a private 2-car garage. 3 residences are in turnkey condition, and can generate tremendous income as corporate and executive housing. 4th unit is an unfinished remodel project, a blank canvas with endless possibilities. Unbeatable downtown location, within walking distance of everything you need. Keep your car parked in a private garage and walk to the beach, restaurants, and shops 1/2 mile away. This Value-Add Luxury Condo Project is ideal for a seasoned investor or developer. Complete the 4th unit remodel and flip the units individually. Or retain the portfolio as an income producing trophy asset.

Details

Type: Multi-Family/Income Sale 
Subdivision: Nl - North Laguna 
MLS Area: NL - North Laguna 
County: Orange 
Tax ID: 93275009
Amenities: Balcony/Patio 
Laundry: In Garage, Other 
Number of Buildings: 2 
Number of Units: 4 
Parking Spaces: 11 
Property Type: Commercial Sale 
Sub Type: Fourplex 
View: City Lights, Ocean 
Water: District - Public 

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Interactive

33.545784 -117.795868 $7,995,000 PW20224742
150 Cliff Dr., Laguna Beach, CA 92651
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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:
$2,585,031
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

Tax Assessments

Value

  • Land $1,579,148
  • Improvements $277,966

  • Total $1,857,114

Property Tax

  • 2020 $19,826

History

Date Transaction Price Mortgage Amt & Lender
Date
Jan 16, 2021
Transaction
Canceled - Residential Income (2-4 units)CRPW20224742
Price
$7,995,000
Mortgage Amt & Lender
- -
Date
Sep 24, 2020
Transaction
Canceled - Residential Income (2-4 units)CRNP19222973
Price
$10,995,000
Mortgage Amt & Lender
- -

Mortgage Calculator

Listed by Caroline Gim with Expert Real Estate

Based on information from the MLSListings MLS) as of 10/25/2021. 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 10/25/2021. 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