$3,135,000
$3,495,000
10.3%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
3 Baths
3,150 SqFt
SOLD DATE : 05/14/2015
Key Details
Sold Price $3,135,000
Property Type Other Types
Sub Type MixedUse
Listing Status Sold
Purchase Type For Sale
Square Footage 3,150 sqft
Price per Sqft $995
Subdivision North Laguna (Nl)
MLS Listing ID OC14065883
Sold Date 05/14/15
Bedrooms 3
Full Baths 3
HOA Y/N No
Year Built 1968
Lot Size 7,405 Sqft
Acres 0.17
Property Description
An opportunity to own and develop this R-3 property in North Laguna Beach. Conceptual plans available that need formal Laguna Beach city updates and approvals. The current options are to build 3 condo units or 1 single family home. Spectacular 7,400 ocean view lot. Located on ocean side of N. Coast Hwy an extends to Cliff Drive across from Diver`s Cove Beach. Property currently has 2 upper level apartment units, and a retail store fronting Coast Highway below. Outstanding tenants, who generate $93,600 per year of rental income. An ideal opportunity for a builder who wants passive income while getting their plans approved with the city of Laguna Beach..
Location
State CA
County Orange
Area Nl - North Laguna
Interior
Heating ForcedAir
Cooling None
Fireplaces Type None
Fireplace No
Exterior
Garage Assigned
Pool None
Community Features Curbs, Sidewalks
Utilities Available SewerAvailable, SewerConnected
Waterfront Description OceanSideOfHighway
View Y/N Yes
View Catalina, Coastline, Ocean, Panoramic, Water
Parking Type Assigned
Total Parking Spaces 4
Private Pool No
Building
Story Two
Entry Level Two
Sewer SewerTapPaid
Water Public
Level or Stories Two
Others
Senior Community No
Tax ID 49618206
Acceptable Financing Cash, CashtoNewLoan
Listing Terms Cash, CashtoNewLoan
Financing Conventional
Special Listing Condition Standard
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Bought with Spencer Wall • Berkshire Hathaway HomeService
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "