$4,500,000
$4,600,000
2.2%For more information regarding the value of a property, please contact us for a free consultation.
510 Glenneyre Street Laguna Beach, CA 92651
3 Beds
Key Details
Sold Price $4,500,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Subdivision The Village (Vil)
MLS Listing ID OC22097535
Sold Date 07/15/22
Bedrooms 3
Lot Dimensions 114 x 44
Property Sub-Type Res Income 2-4 Units
Property Description
Amazing investment opportunity in downtown Laguna Beach. This property is in excellent condition and has been professionally managed for years. Walk to the beach, walk to downtown. There is a two bedroom "owner's unit" plus six one bedroom units and a studio. These units are in high demand and never have a vacancy of any meaningful length. Plumbing has been completely updated. Roof has been recently replaced. The property has been in the same family for decades and they have taken very good care of it. but now they have decided it is time to sell. Up to date financials are available with a successful offer as well as copies of all existing leases. All leases are for one year terms and they expire at various times throughout the year. The units are thoroughly inspected and refurbished as needed each time a tenant moves out so there is no "deferred" maintenance.
Location
State CA
County Orange
Zoning Assessor
Direction 500 Block of Glenneyre across the street from the public parking lot
Interior
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 2
Level or Stories 2
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Doug Graham The Silver Group