Orange, Residential Income – 2037 South Coast, Laguna Beach, CA 92651, US -001-11-30T00:00:00-08:00
2037 South Coast Highway is a 16-unit mixed-use investment opportunity located in Laguna Beach, California. Built in 1969 this well-maintained property features 14 multifamily units and two retail suites on an 8,500 square foot lot. The property offers excep
2037 South Coast, Laguna Beach, CA 92651, US
$11,849,000 USD
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Address2037 South Coast, Laguna Beach
Price$11,849,000
Price Changed1.21% (-$146,000, 1 days ago)
Year Built1969
Bedrooms Total0
Living Area10,233 ft2
Lot Size (Sq.Ft.)8,712
Listing IDOC17087730
StatusActive
Parcel Number64427803
Special ConditionsStandard
Days on Market154

Detailed Description: 2037 South Coast Highway is a 16-unit mixed-use investment opportunity located in Laguna Beach, California. Built in 1969 this well-maintained property features 14 multifamily units and two retail suites on an 8,500 square foot lot. The property offers exceptional ocean views, a spacious courtyard, controlled access, reserved garage parking and more.

Pool Private
Rent Control
Property Attached
Land Lease

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Address Information
Address2037 South Coast, Laguna Beach
Street PrefixSouth
Subdivision NameSouth Laguna Village (SLV)
CityLaguna Beach
Location (MLS Area)LV – Laguna Village
County Or ParishOrange
State or ProvinceCA
Postal Code92651
Postal Code Plus43649
CountryUS
Financial Information
Price Changed-1.2172%
Previous Price$11,995,000
Price per Square Foot$1,157.92
Price per Lot Square Foot$1,360.08
Special ConditionsStandard
Total Expenses$183,240
Professional Management Expense$13,661
Operating Expense$183,240
Insurance Expense$7,000
Electric Expense$2,106
Water Sewer Expense$2,106
Trash Expense$2,106
Maintenance Expense$9,600
Other Expense DescriptionOther
Other Expense$14,600
Gross Operating Income$455,367
Gross Income$469,420
Gross Scheduled Income$469,420
Net Operating Income$272,127
Total Actual Rent$39,035
Tax Year2017
Tax Lot3
New Taxes Expense$129,954
Full Descriptions
Parcel Number64427803
Detailed Description2037 South Coast Highway is a 16-unit mixed-use investment opportunity located in Laguna Beach, California. Built in 1969 this well-maintained property features 14 multifamily units and two retail suites on an 8,500 square foot lot. The property offers exceptional ocean views, a spacious courtyard, controlled access, reserved garage parking and more.
Lot FeaturesLandscaped
Community FeaturesSidewalks, Street Lighting
Water SourcePublic
Pool FeaturesNone
Property parameters
Year Built1969
Living Area (Sq.Ft.)10,233 ft2
Lot Size (Sq.Ft.)8,712
Lot Size (Acres)0.2
Lot Size SourceAssessor
Number of Buildings1
Number of Units Leased16
Number of Units Total16
Parking Spaces16
Garage Spaces16
LevelsThree Or More
Water SourcePublic
Units Total16
Year Built SourceAssessor
Vacancy Allowance Rate3%
Number of Separate Electric Meters16
Number of Separate Gas Meters16
Listed withTyler Leeson (Marcus & Millichap RE Invest)