749 Gaviota Drive - Multi-Family FOR SALE


Laguna Beach, CA 92651
$11,000,000 USD
951-756-0448
749 Gaviota Drive, Laguna Beach, CA for Sale
$11,000,000 USD
Multi-Family - FOR SALE
1/9
null | 4.96% Cap Rate

749 Gaviota Drive
Laguna Beach, CA 92651


HIGHLIGHTS

  • (8) Short-Term Rental Permits
  • Ocean View Property, Located (1) Building from Sand
  • (1) Fourplex, (1) Duplex, (2) Single-Family Homes
  • Recent Capital Improvements - Interior & Exterior Renovations, Including All (8) Units Updated
  • Fireplaces, Custom Crown Molding, New Tile Flooring, Ocean Views (7 of 8 Units), Entertainment System, Private Patio/Balcony (7 of 8 Units)
  • Upgraded Gourmet Kitchen & Upgraded Bathrooms

OVERVIEW

SHORT-TERM RENTAL PROPERTY. Located one building from the sand, The Retreat in Laguna features (8) luxury villas each with its own short-term rental permit. The unit mix includes (1) fourplex, (1) duplex, and (2) single-family homes with expansive ocean views in 7 of the 8 units. The property has undergone both interior and exterior renovations with all (8) units updated. Community features include outdoor shower, beach walkway access, on-site security system, community laundry room, paver driveway and walkway and (9) parking spaces.

FOR SALE DETAILS

PRICE

$11,000,000 USD

PRICE/SF

$1,240 USD /SF

# OF UNITS

8

PRICE/UNIT

$1,375,000

CAP RATE

4.96%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

(729 Ocean Front) The Retreat in Laguna

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,871 SF

ZONING

-

APN/PARCEL ID

644-023-12

ASK ABOUT THIS PROPERTY

951-756-0448

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951-756-0448

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