304 Myrtle St, Laguna Beach, CA 92651
6 Unit Apartment Building | $4,995,000 ($832,500/Unit) | 2.02% Cap Rate | Laguna Beach, CA 92651
For Sale
Active
7 pictures
- Date Added:
- September 16, 2024
- Days on Market:
- 9 days
Asking Price $4,995,000
- Property Type
-
Multifamily
- Square Feet
- 3,135 SF
Listing Contacts
Dave Csira
Verified Profile
- Property Info
Property Overview
Offered for the first time in over 80 years, this extremely rare, iconic Spanish-Revival property epitomizes the classic "native" California architecture and style. Located on a prime corner in North Laguna Beach, the most desirable part of town, within blocks of world-famous beaches, art galleries, restaurants and other nearby attractions. Offering an eclectic mix of one two-bedroom unit, four one-bedroom units, one studio, three one-car garages and a dedicated laundry room, there is an endless demand for quality rental properties in Laguna Beach with an unusually high ceiling for rents - especially this close to the water. Towering 100+ year-old palm trees sway in the ocean-breeze surrounding this trophy property. This is a unique investment property, the likes of which may not be appear again for a very long time.
Property Details
- Class
- C
- Year Built
- 1942
- Stories
- 2
- Lot Size (sq. ft)
- 6,534 SF
- Units
- 6
Highlights
- Two blocks to world-class Laguna Beach beaches
- Iconic Spanish revival first time offered in over 80 years
- Rare North Laguna Beach offering close to Emerald Bay, Newport Beach
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