Bought with Doug Graham β’ The Silver Group
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510 Glenneyre Street Laguna Beach, CA 92651
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Key Details
Sold Price $4,500,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 4,732 sqft
Price per Sqft $950
MLS Listing ID CROC22097535
Sold Date 07/15/22
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1953
Lot Size 5,663 Sqft
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
Interior
Cooling None
Fireplace No
Laundry No Hookups
Exterior
View None
Building
Lot Description Other
Water Public
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