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432 Ocean AVE Laguna Beach, CA 92651
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Key Details
Sold Price $3,000,050
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision The Village (Vil)
MLS Listing ID LG14223580
Sold Date 11/07/14
HOA Y/N No
Year Built 1939
Lot Size 6,403 Sqft
Property Description
"HISTORIC GEM" in downtown Laguna Beach. This amazing property has been owned by the same family for over 40 years! It consists of 4 separate buildings totaling 5,865 sq.ft on a 6400+ sq.ft. lot. There are 8 units consisting of studios, one bedroom, 2 bedroom and 3 bedroom units. There is the ability to lease 2 of the units as commercial spaces. Finding this number of rental units in downtown Laguna is virtually impossible. This property truly exemplifies the charm of Laguna Beach with it's large beautiful patios, wood framed windows, hardwood floors and a true feeling of the historic past. It offers someone the opportunity to generate significant and steady rental income with consistent growth. One could also keep a unit for themselves, for those much needed weekend getaways. The possibilities are endless. Do not miss this opportunity to own a beautiful and historic part of Laguna Beach.
Location
State CA
County Orange
Area Lv - Laguna Village
Interior
Fireplaces Type Living Room
Fireplace Yes
Exterior
Garage On Street
Fence Wood
Pool None
Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Sidewalks
Utilities Available Sewer Available, Sewer Connected
Roof Type Composition,Shingle
Parking Type On Street
Private Pool No
Building
Lot Description Level
Sewer Sewer Tap Paid
Water Public
Architectural Style Cottage, Craftsman
Others
Tax ID 65125404
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Azita Sadeghi • Teles Properties
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