216 Cliff Dr - Apartments FOR SALE


Laguna Beach, CA 92651
$3,595,000 USD
951-756-0448
216 Cliff Dr, Laguna Beach, CA for Sale
$3,595,000 USD
Apartments - FOR SALE
1/11
null | 3.01% Cap Rate

216 Cliff Dr
Laguna Beach, CA 92651


HIGHLIGHTS

  • (1) Detached Two-Bedroom Single-Family Home, (1) One-Bedroom Unit & (1) Studio
  • Owner-User Opportunity as the Property is 100% Vacant
  • Over $500,000 in Capital Improvements
  • Ocean Views & In-Unit Laundry in Select Units
  • Exceptional Laguna Beach Location (92 Walk Score) - Steps from Main Beach & Downtown Laguna Beach

OVERVIEW

216 Cliff Drive is a rare 3-unit coastal multifamily on the prestigious Cliff Drive corridor in Laguna Beach. Two of three residences capture sweeping Pacific Ocean views. Detached 2BD/1BA front home, 1BD/1BA upper unit, and ground-level studio. Turnkey with over $500K in documented capital improvements including fully remodeled kitchens, baths, new electrical, PEX plumbing, in-unit laundry in two units.

FOR SALE DETAILS

PRICE

$3,595,000 USD

PRICE/SF

$1,817 USD /SF

# OF UNITS

3

PRICE/UNIT

$1,198,333

CAP RATE

3.01%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1939

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,413 SF

ZONING

R3

APN/PARCEL ID

496-094-17

ASK ABOUT THIS PROPERTY

951-756-0448

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

951-756-0448

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.