222 Arch St - Apartments FOR SALE


Laguna Beach, CA 92651
$10,995,000 USD
949-681-8388
222 Arch St, Laguna Beach, CA for Sale
$10,995,000 USD
Apartments - FOR SALE
1/5
null | 4.03% Cap Rate

222 Arch St
Laguna Beach, CA 92651


HIGHLIGHTS

  • Pride of Ownership: 222 Arch Street is a Legacy Asset in an ‘A Location’ approx. 300 feet from the Pacific Ocean.
  • Newly Installed Roof: The property features a roof that was installed in April 2024.
  • Outstanding Unit Mix: Built in 1971, this complex has an outstanding unit mix of 100% two- and three-bedroom units.
  • Desirable Amenities: All units have a luxurious ocean view and in unit stacked washer and dryer.
  • Excellent Rental Location: 222 Arch Street in Laguna Beach is nestled atop Pacific Coast Hwy overlooking the Pacific Ocean.
  • Located Directly Between the Surf and Sand Resort and The Montage Hotel and Resort

OVERVIEW

Daniel Withers and Mark Bridge with Matthews™ are pleased to present this pride of ownership, legacy asset, in an ‘A Location’ approximately 300 feet from the Pacific Ocean. 222 Arch Street in Laguna Beach is a 13-unit complex situated atop Pacific Coast Hwy overlooking the Pacific Ocean in one of the premiere coastal housing markets in the nation. Built in 1971, this complex has an outstanding unit mix of 100% two- and three- bedroom units, with an average square foot per unit of almost 1,000 square feet. All units have a luxurious ocean view and in unit stacked washer and dryer. Units also have private balconies and individual rollup door garage parking. There have been recent interior renovations including new granite countertops and cabinets, new flooring, new custom bathroom tile, vanities and lighting. The stainless-steel appliance package includes stovetop oven, built in microwave, dishwasher, sink and faucet, and refrigerator. The updated exterior has a nice sign package, double pane vinyl windows and an interior courtyard with seating area and BBQ. The property also features a new roof that was installed in April 2024. The property’s Class A location in Laguna Beach puts the property near major retail, educational and employment opportunities. 222 Arch street is short walk to many small beaches, Surf and Sand Resort Laguna Beach and the Montage Laguna Beach. Continuing in either direction takes you to Main Beach Laguna and Dana Point Harbor. The mild climate, walkable main beach area, scenic coves, and great beaches make Laguna Beach one of the most desirable communities for everyone. Mark.Bridge@Matthews.com | David.Harrington@Matthews.com David Harrington | License # 0216806 (CA) | Matthews Real Estate Investment Services, Inc

FOR SALE DETAILS

PRICE

$10,995,000 USD

PRICE/SF

$839 USD /SF

# OF UNITS

13

PRICE/UNIT

$845,769

CAP RATE

4.03%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1971

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

R3

APN/PARCEL ID

656-112-06

ASK ABOUT THIS PROPERTY

Mark BridgeThe Bridge Multifamily Team at MatthewsMore Info
949-681-8388

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Mark BridgeThe Bridge Multifamily Team at MatthewsMore Info
949-681-8388

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