222 Arch Street, Laguna Beach, CA 92651 | MLS OC18106872 | Listing Information | Real Living Pacific Realty | Real Living Real Estate
Real Living Pacific Realty
(800) 660-9140

222 Arch Street,  Laguna Beach CA, 92651

12,307 sqft
Status: Sold
MLS#: OC18106872
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Real Living Pacific Realty
(800) 660-9140

Listing Provided Courtesy Of: Marcus & Millichap RE Invest
Last Updated: 11/16/2018 5:13 PM
Description for 222 Arch Street Laguna Beach, CA 92651
222 Arch Street is a 13-unit multifamily investment property located in Laguna Beach, one of the premiere coastal housing markets nationwide. Built in 1971 and renovated in 2016-2017, 222 Arch Street offers investors the opportunity to capitalize on strong market trends, capture a prosperous tenant base and exceptional renovations that should increase rental income by approximately 13 percent. This offering represents a rare opportunity to add value to an already highly finished property in a market where similar opportunities are made available only once or twice per year. Situated on a 0.29-acre lot, the 12,307 square foot property consists of two-bedroom and three-bedroom floor plans offering unparalleled ocean views. The Property offers an attractive range of in-unit upgrades such as new quartz countertops, crisp white cabinetry, and stainless GE appliances. Common area amenities include private garage parking, drought tolerant landscaping and a charming courtyard with outdoor seating.
Price
Sold Price:
$10,500,000
Sold Date:08/01/2018
Arch Beach Heights (Abh)
Orange
12,307 (approx)
OC18106872
Closed
Description
222 Arch Street is a 13-unit multifamily investment property located in Laguna Beach, one of the premiere coastal housing markets nationwide. Built in 1971 and renovated in 2016-2017, 222 Arch Street offers investors the opportunity to capitalize on strong market trends, capture a prosperous tenant base and exceptional renovations that should increase rental income by approximately 13 percent. This offering represents a rare opportunity to add value to an already highly finished property in a market where similar opportunities are made available only once or twice per year. Situated on a 0.29-acre lot, the 12,307 square foot property consists of two-bedroom and three-bedroom floor plans offering unparalleled ocean views. The Property offers an attractive range of in-unit upgrades such as new quartz countertops, crisp white cabinetry, and stainless GE appliances. Common area amenities include private garage parking, drought tolerant landscaping and a charming courtyard with outdoor seating.
Listing Information
Property Type: Cluster, 3+ Story
0.29 Acres 12,307 (approx) $853.17
1971 Yes- 14 spaces
Arch Beach Heights (Abh)
13 Total
Neighborhood
Room Information
Interior Features
Stacked Washer/Dryer
Exterior / Lot Features
14 Garage Spaces, 14 Parking Spaces
R3
Sidewalks
Driving Directions
Major Cross Streets: S Coast Highway / Arch Street
Financial Considerations
65611206
$540,660 Income ,$157,347Expense
Listing Price History

Laguna Beach Real Estate

Laguna Beach is located in California. Laguna Beach, California 92651 has a population of 23,365.

The median household income in Laguna Beach, California 92651 is $97,881. The median household income for the surrounding county is $75,998 compared to the national median of $53,482. The median age of people living in Laguna Beach 92651 is 50.1 years.

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Courtesy: Tyler Leeson - Marcus & Millichap RE Invest
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This content last refreshed on 11/16/2018 5:13 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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