617-621 Lombardy Ln - Multi-Family FOR SALE


Laguna Beach, CA 92651
$2,750,000 USD
951-756-0448
617-621 Lombardy Ln, Laguna Beach, CA for Sale
$2,750,000 USD
Multi-Family - FOR SALE
1/10
null | 2.89% Cap Rate

617-621 Lombardy Ln
Laguna Beach, CA 92651


HIGHLIGHTS

  • (1) Detached Two-Bedroom Single-Family Cottage, (1) Upstairs One-Bedroom Unit & (1) Downstairs Non-Conforming Studio
  • Owner-Occupied Opportunity
  • Over $600,000 in Recent Capital Improvements
  • Private & Shared Outdoor Spaces and Laundry Hook-ups
  • Prime Coastal Location (Walk Score: 81) - 0.4 Miles from Anita Street Beach

OVERVIEW

617-21 Lombardy Lane, "Villa Lombardy", consists of two buildings on one lot. The first building is a newly renovated two-bedroom single-family residence. In the rear of the property is a separate building with a one-bedroom unit upstairs and a non-conforming studio downstairs. Within the past few years, there has been over $600,000 into capital improvements put into the front single-family home at 617 Lombardy Lane. Located within walking distance to several iconic beaches, this is an ideal opportunity for investors.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$702 USD /SF

# OF UNITS

3

PRICE/UNIT

$916,667

CAP RATE

2.89%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1936

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,916 SF

ZONING

-

APN/PARCEL ID

644-098-25

ASK ABOUT THIS PROPERTY

951-756-0448

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951-756-0448

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