$2,950,000 31674 Coast Laguna Beach, CA

MLS: PW21061396   Type: Income   County: Orange   City: Laguna Beach   Area: South Laguna   Zip: 92651     Stories: 2

Mortgage $13,850 /mo



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This is a well maintained mixed-use investment property located on the iconic Pacific Coast Highway in South Laguna Village. Rare mixed-use apartment/retail property containing (6) total units. The mix of units consist of (1) Studio, (2) 1BR/1BA,(1) 2BR/1BA and (2) retail stores. Quality tenants in place as both the nail salon and the tailoring & Design business have more than 15 years in this location; and the apartments tenants truly love this as their home. This property now utilizes a resident-utility-billback-system as the landlord has no utility costs. Adjacent to the property are coveted Table Rock & 1,000 Steps Beaches, known for dramatic rock formations and stunning views; Vacationers and local beach goers are driven to this area throughout the year. With stabilized rents and updated interiors, a new owner can rely on reliable income and phenomenal historical appreciation.

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Price History

3/24/2021 Listed $2,999,000
6/15/2021 2% - $2,950,000

Additional Parcels Y/N No
Association Y/N No
Community Features Curbs, Hiking, Storm Drain(s), Sidewalks, Water Sports
Garage Spaces 0
Garage Y/N No
HOA Fee 0
Levels Two
Listing Agent Michael Sacks - BRE#01945984
Listing Agent State License 01945984
MLS Area SL - South Laguna
Pool Features None
Private Pool No
Property Attached Y/N No
Property Type Residential Income
Senior Community Y/N No
Sewer Public Sewer
Special Listing Conditions Standard
Stories 2
Terms Cash, Cash to New Loan
Total Actual Rent 14090
Total Units 6
View Coastline, Ocean
Water Sewer Expense 0
Zoning C2

Interior Features

Common Walls No Common Walls
Laundry Features Inside, See Remarks

Exterior Features

Lot Features 2-5 Units/Acre
Lot Size Acres 0.07
Lot Size Area 3250
Lot Size Source Owner
Lot Size Square Feet 3250
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 3
Number of Separate Gas Meters 1
Number of Separate Water Meters 1
Total Parking 0
View Y/N Yes
Water Source Public

Property Schools

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Gallery (14 photos)

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Property vs Zip Code Avg (92651)

Price 2.95M Avg 5.25M

Acres 0.07461 Avg 0.13

Visits 42 Avg 265

Days on Site 85 Avg 119

Walkscore® 47 Avg 76

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: Michael Sacks with Coldwell Banker Realty.

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Location & Address

Jackson Mosley - DRE#01128579
Corporate Office Location: 2603 Camino Ramon Suite 200
San Ramon, CA