359 Myrtle Street, Laguna Beach, CA 92651

$4,100,000
List Price
$4,100,000
Status
ACTIVE
MLS#
TR22020157
Year Built
1947
Lot Size
6,000
Acres
0.1377
Lot Location
Item2630UnitsAcre, Sprinklers In Rear, Sprinklers In Front, Lawn, NearPark, Near Public Transit, Rectangular Lot, SprinklersTimer, SprinklersOnSide, SprinklerSystem, StreetLevel, ValueInLand, Yard
Days on Market
145
Property Type
Multifamily
Style
Cottage
Stories
Two Levels
Neighborhood
North Laguna (Nl)

Property Description

Amazing 4 unit investment property in North Laguna Beach situated on a large 50x122 street to alley lot just 3 blocks to the ocean. Beautifully landscaped grounds offer a pacific tropical paradise with hibiscus, plumeria, palms, ferns, citrus & rose bushes. Each of the 4 units seem like they're individual homes with great open floor plans & views of the lush landscaping. The front house, #359, includes 2 spacious bedrooms, 1 which leads to a private patio, 1 bathroom with a tub & shower, bright light & open kitchen concept to the living & dining rooms. Additional amenities include a front yard, gas fireplace, hardwood floors, and a single enclosed garage with 2nd tandem space behind it. Current rent is $3,675 per month. Unit #361 includes 1 bedroom, 1 bathroom with hardwood floors, living room that looks out to the courtyard, & 2 tandem parking spaces. Currently rented furnished for 31 night minimum stays and with current pricing set at $3,600/ month September - May, and $4,800 June - August. Unit #363 includes 2 spacious bedrooms, 1 bathroom, hardwood floors, front balcony overlooking the courtyard, spacious open kitchen concept, very sunny/bright with peek-a-boo ocean views and awesome 4th of July fireworks display, 1 car garage plus tandem space. Currently rented furnished for 31 night minimum stays for $3,990/ mo Sept - May, and $6,000/ mo June - Aug. Unit 363.5 is a studio with a large outdoor patio, full kitchen. Currently rented furnished 31 night minimum.

Additional Information

Other Buildings
Second Garage, Guest House, TwoOnALot
Appliances
Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Water Heater, Dryer, Washer
Pool Description
None
Fireplace Description
Bath, Dining Room, Kitchen, Living Room, Outside
Heat
Fireplace(s), Natural Gas, Wall Furnace
Cooling Description
None
View
City Lights, Coastline, Canyon, Hills
Exterior Construction
Stucco
Roof
Asphalt, Shingle
Garage Spaces Total
2
Sewer
Public Sewer
Water
Public
Interior Features
Balcony, Furnished, BedroomonMainLevel
Attached Structure
Detached
Number Of Units Total
4
Gross Scheduled Income
$161,000
Operating Expense
31700

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Listing Agent: Jonathan Minerick from Listing Office: Homecoin.com

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.