Offered for the first time in over 80 years, this extremely rare, iconic Spanish-Revival property epitomizes the classic native California architecture and style. Located on a prime corner in North Laguna Beach, the most desirable part of town, within blocks of world-famous beaches, art galleries, restaurants and other nearby attractions. Offering an eclectic mix of one two-bedroom unit, four one-bedroom units, one studio, three one-car garages and a dedicated laundry room, there is an endless demand for quality rental properties in Laguna Beach with an unusually high ceiling for rents - especially this close to the water. Towering 100+ year-old palm trees sway in the ocean-breeze surrounding this trophy property. This is a unique investment property, the likes of which may not be appear again for a very long time.
Property Features
Bedrooms
Interior Features
- High Ceilings
- Flooring: Tile, Wood
Appliances
- Appliances: Dishwasher, Gas & Electric Range, Water Heater
- Appliances YN: Yes
- Laundry Features: Common Area
Bathrooms
Heating and Cooling
- Heating Features: Combination
- Heating: Yes
Land Info
- Lot Description: Corner Lot
- Lot Size Acres: 0.1452938
- Lot Size Source: Assessor
- Lot Size Square Feet: 6329
Garage and Parking
- Garage Spaces: 3
- Parking Features: Parking YN: Yes, Parking Features: Garage Faces Rear, Garage - Three Door
- Parking Total: 3
Home Features
Multi-Unit Info
- Number of Units: 6
- Bedrooms in Unit-1: 1
- Bedrooms in Unit-2: 2
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 1
- Total Bathrooms in Unit-3: 1
- Unit-1 Garage Spaces: 2
- Unit-2 Garage Spaces: 1
Homeowners Association
- Calculated Total Monthly Association Fees: 0
- Gardener Expense: 1800.00
- Maintenance Expense: 1500.00
Rental Info
- Tenant Pays: Electricity, Gas
- Vacancy Allowance: 1250
Amenities and Community Features
- Community Features: Curbs, Gutters, Storm Drains, Street Lights, Suburban
Other Property Info
- Source Listing Status: Active
- County: Orange
- Source Property Type: Residential Income
- Insurance Expense: 4000.00
- Area: NL - North Laguna
- Source Neighborhood: North Laguna (NL)
- Number of Separate Electric Meters: 4
- Number of Separate Gas Meters: 1
- Number of Separate Water Meters: 1
- Parcel Number: 49613615
- Postal Code Plus 4: 1533
- Professional Management Expense: 10201.00
- Subdivision: North Laguna (NL)
- Source System Name: C2C
Commercial Info
- Net Operating Income: 126539.00
Building and Construction
- Total Square Feet Living: 3135
- Year Built: 1942
- Building Features: 1
- Common Walls: 2+ Common Walls
- Construction Materials: Stucco
- Entry Level: 1
- Entry Location: 1
- Foundation Details: Slab
- Property Age: 82
- Property Attached: Yes
- Roof: Spanish Tile
- Levels or Stories: Two
- Building Total Stories: 2
- Structure Type: Commercial/Residential
- House Style: Spanish
- Year Built Source: Assessor
Utilities
- Electric: Standard
- Sewer: Sewer: Sewer Paid, Water Sewer Expense: 1400.00
- Electricity Connected
- Natural Gas Connected
- Sewer Connected
- Water Connected
- Water Source: Public
