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    1570 N Coast

    Laguna Beach, CA 92651
    • $5,499,000
    • STATUS: Active
    • ON SITE: 48 days
    • ID#: LG21059331
    UPDATED: 27 min ago
    $5,499,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,300
      SQFT
    • $873
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1965
    County:

    School Ratings & Info

    Description

    This trophy property set in iconic Laguna Beach underwent extensive renovations in 2019. Six of eight units have views of the Pacific Ocean, and all units have access to a spacious brick-paved courtyard for comfortable outdoor space. Units feature double-door entries, balconies, in-unit laundry, and assigned covered parking. Tenants enjoy being within walking distance of Main Beach Village, Heisler Park, and Crescent Bay Beach. This building is very attractive for renters seeking the Coastal lifestyle. With two 2-bed/2-bath and six 1-bed/1-bath apartments, plus assigned covered parking spaces, it's a perfect fit for Laguna's strong rental market. Turn-key with great tenants, 1570 N Coast Hwy is truly a set-it-and-forget-it investment for the longterm. All details provided deemed accurate but not guaranteed, Buyer to verify. See virtual tour link for aerial video.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-10T19:36:26.273. 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 DeBonis Team | Keller Williams Realty. Licensed in the State of California, USA.
    www.debonishomes.com/homes/115360989
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    1570 N Coast Laguna Beach, CA 92651

    • Price: $5,499,000
    • Status: Active
    • Updated: 27 min ago
    • ID#: LG21059331
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    6,300
    SQFT
    $873
    $/SQFT
    1965
    Built
    Neighborhood:
    North Laguna (Nl)
    County:
    Orange
    Area:
    NL - North Laguna
    Property Description
    This trophy property set in iconic Laguna Beach underwent extensive renovations in 2019. Six of eight units have views of the Pacific Ocean, and all units have access to a spacious brick-paved courtyard for comfortable outdoor space. Units feature double-door entries, balconies, in-unit laundry, and assigned covered parking. Tenants enjoy being within walking distance of Main Beach Village, Heisler Park, and Crescent Bay Beach. This building is very attractive for renters seeking the Coastal lifestyle. With two 2-bed/2-bath and six 1-bed/1-bath apartments, plus assigned covered parking spaces, it's a perfect fit for Laguna's strong rental market. Turn-key with great tenants, 1570 N Coast Hwy is truly a set-it-and-forget-it investment for the longterm. All details provided deemed accurate but not guaranteed, Buyer to verify. See virtual tour link for aerial video.
    Exterior Features

    Carport Spaces 8 Carport YN Yes Direction Faces Southwest Entry Location Front Gate And Rear Gate. Lot Features Corner LotNear ParkNear Public TransitPaved Number Of Separate Electric Meters 9 Parking Features AssignedCoveredCarportPaved Parking Total 8 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Spa Features None Spa YN No

    Interior Features

    Appliances DishwasherGas OvenGas RangeRefrigeratorRange HoodDryerWasher Common Walls 1 Common WallEnd Unit Cooling Central AirElectric Cooling YN Yes Interior Features BalconyCeiling Fan(S)Granite Counters

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 3.2 Common Interest None Community Features BikingGolfHikingStreet LightsSidewalksWater SportsPark Electric Expense 720 Fuel Expense 720 Garage YN No Gross Income 247548 Gross Scheduled Income 252600 Insurance Expense 2205 Land Lease YN No Laundry Features Washer Hookup Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Maintenance Expense 4000 Net Operating Income 175733 New Construction YN No New Taxes Expense 55890 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Number Of Units Leased 8 Operating Expense 71815 Other Expense 3000 Possession Close Of Escrow Property Condition Updated/RemodeledTurnkey Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Total Actual Rent 21050 Trash Expense 1920 Utilities Cable AvailableElectricity AvailableElectricity ConnectedNatural Gas AvailableNatural Gas ConnectedPhone AvailableSewer AvailableSewer ConnectedWater AvailableWater Connected Vacancy Allowance Rate 3 Water Sewer Expense 1920 Water Source Public

    Listing provided courtesy of Nicholas Brunson of Nick Brunson, Broker


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-10T19:36:26.273. 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 DeBonis Team | Keller Williams Realty. Licensed in the State of California, USA.
     
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    The DeBonis Team | Keller Williams Realty
    19040 Van Buren Boulevard #107
    Riverside CA, 92508