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    260 Diamond Street

    Laguna Beach, CA 92651
    • $3,990,000
    • STATUS: Active
    • ON SITE: 92 Days
    • ID#: OC21161853
    UPDATED: 65 min ago
    $3,990,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1974
    County:

    School Ratings & Info

    Description

    INVESTMENT OPPORTUNITY - WOODS COVE STEPS TO THE SAND WITH FULLY APPROVED PLANS FOR ADDITIONAL 844 SQ FT = 4,609 SQFT. STUNNING OCEAN VIEW, 4 CAR GARAGE PLUS 4 ONSITE PARKING SPACES.ZONING: R2 - 2 UNIT DUPLEX WITH NEWLY CONSTRUCTED DETACHED FREE-STANDING SINGLE FAMILY RESIDENTS WITH PRIVATE YARD.THIS PROPERTY CURRENTLY HAS A CAP RATE OF 2.27% WITH EXISTING RENTS. PRO FORMA PROJECTED CAP RATE FOR 30+ DAYS FURNISHED RENTAL ARE APPROXIMATELY 6.3% OR HIGHER.WOODS COVE LOCATION WITH VIEWS, INCOME, PARKING ON OVERSIZE LOT WITH APPROVED PLANS.DOESN'T GET ANY BETTER THAN THIS IN LAGUNA BEACH.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-24T16:26:31.837. 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 deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
    www.therealestategirl.com/homes/119677270
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    260 Diamond Street Laguna Beach, CA 92651

    • Price: $3,990,000
    • Status: Active
    • Updated: 65 min ago
    • ID#: OC21161853
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1974
    Built
    Neighborhood:
    Woods Cove (Wc)
    County:
    Orange
    Area:
    LV - Laguna Village
    Property Description
    INVESTMENT OPPORTUNITY - WOODS COVE STEPS TO THE SAND WITH FULLY APPROVED PLANS FOR ADDITIONAL 844 SQ FT = 4,609 SQFT. STUNNING OCEAN VIEW, 4 CAR GARAGE PLUS 4 ONSITE PARKING SPACES.ZONING: R2 - 2 UNIT DUPLEX WITH NEWLY CONSTRUCTED DETACHED FREE-STANDING SINGLE FAMILY RESIDENTS WITH PRIVATE YARD.THIS PROPERTY CURRENTLY HAS A CAP RATE OF 2.27% WITH EXISTING RENTS. PRO FORMA PROJECTED CAP RATE FOR 30+ DAYS FURNISHED RENTAL ARE APPROXIMATELY 6.3% OR HIGHER.WOODS COVE LOCATION WITH VIEWS, INCOME, PARKING ON OVERSIZE LOT WITH APPROVED PLANS.DOESN'T GET ANY BETTER THAN THIS IN LAGUNA BEACH.
    Exterior Features

    Foundation Details Slab Lot Features 2-5 Units/AcreLandscapedPaved Number Of Separate Electric Meters 1 Parking Features Direct AccessDrivewayGaragePaved Parking Total 4 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Shingle Spa Features None Spa YN No View Ocean View YN Yes

    Interior Features

    Accessibility Features ParkingSee Remarks Common Walls 1 Common Wall Cooling See Remarks Cooling YN Yes Fireplace Features GasSee Remarks Fireplace YN Yes Flooring CarpetTile Heating See Remarks Heating YN Yes Interior Features BalconyMultiple Staircases

    Property Features

    Additional Parcels YN No Common Interest None Community Features BikingCurbsFishingGolfHikingParkStreet LightsSidewalksWater Sports Electric Expense 7000 Fuel Expense 2000 Garage YN Yes Gross Income 360000 Gross Scheduled Income 360000 Insurance Expense 3200 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Net Operating Income 252000 New Construction YN Yes Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 72000 Possession Negotiable Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Vacancy Allowance 36000 Water Sewer Expense 0 Water Source PublicSee Remarks

    Listing provided courtesy of Scott Sumner of Re/Max One


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-24T16:26:31.837. 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 deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
     
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