1105 N Coast Hwy - Apartments FOR SALE


Laguna Beach, CA 92651
$11,495,000 USD
951-756-0448
1105 N Coast Hwy, Laguna Beach, CA for Sale
$11,495,000 USD
Apartments - FOR SALE
1/9
null | 3.33% Cap Rate

1105 N Coast Hwy
Laguna Beach, CA 92651


HIGHLIGHTS

  • Currently, One of Two Properties Available on the Market in Laguna Beach (10+ Units)
  • First Time Offered on the Open Market
  • Over $1,600,000 in Recent Capital Improvements
  • Located in a Short Term Rental Zone
  • In-Place RUBS
  • Desirable Coastal Location - Walk to Crescent Bay, Shaw's Cove, Fisherman's Cove and a Short Distance from Heisler Park & Main Beach

OVERVIEW

Sandcastle is a unique investment opportunity consisting of (11) apartment units and (1) commercial unit walking distance from iconic beaches in Laguna Beach, such as, Crescent Bay, Shaw's Cove and Fisherman's Cove. This marks the first time the property has been offered on the open market. Current ownership has invested over $1,600,000 in capital improvements, including extensive upgrades completed on property systems, interiors and exteriors. The property is located within the Laguna Beach Short Term Lodging Distract, with that a new investor may be able to obtain up to two short-term rental permits.

FOR SALE DETAILS

PRICE

$11,495,000 USD

PRICE/SF

$1,703 USD /SF

# OF UNITS

12

PRICE/UNIT

$957,917

CAP RATE

3.33%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

12-Unit Mixed-Use Building

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1969

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,840 SF

ZONING

-

APN/PARCEL ID

053-152-03

ASK ABOUT THIS PROPERTY

951-756-0448

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951-756-0448

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