1105 N Coast Hwy - Apartments FOR SALE


Laguna Beach, CA 92651
$9,745,000 USD
951-756-0448
1105 N Coast Hwy, Laguna Beach, CA for Sale
$9,745,000 USD
Apartments - FOR SALE
1/10
null | 4.17% Cap Rate

1105 N Coast Hwy
Laguna Beach, CA 92651


HIGHLIGHTS

  • Prime Laguna Beach Opportunity includes 11 Units + Retail
  • 4.17% In-Place Cap Rate (Highest in Laguna Beach)
  • One of the Largest Properties West of PCH
  • Over $1,600,000 in Recent Capital Improvements
  • Irreplaceable Asset - Less than 600 ft Away from Shaw's Cove
  • Located in a Short Term Rental Zone

OVERVIEW

Sandcastle, located at 1105 N. Coast Hwy., is a rare, turnkey multifamily trophy asset in Laguna Beach. Located on a premier corner lot on the west side of PCH, the property features 11 renovated apartment units, many with ocean views, plus one ground-level commercial suite, just steps from Crescent Bay, Shaw’s Cove, and Fisherman’s Cove. Over $1.6M in capital improvements have been completed across all systems, interiors, and exteriors. Situated within the Laguna Beach Short-Term Lodging District, a new owner may have the opportunity to obtain up to two short-term rental permits. A truly irreplaceable coastal asset for the discerning investor.

FOR SALE DETAILS

PRICE

$9,745,000 USD

PRICE/SF

$1,084 USD /SF

# OF UNITS

12

PRICE/UNIT

$812,083

CAP RATE

4.17%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sandcastle

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1969

PARKING SPACES

10

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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