1295 Ocean Front

    Laguna Beach, CA 92651
    • $7,200,000
    • STATUS: Active
    • ON SITE: 35 days
    • ID#: LG18116241
    UPDATED: 27 min ago
    $7,200,000
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,500
      SQFT
    • $2,880
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2005
    County:

    School Ratings & Info

    Description

    Luxury Ocean Front duplex, situated in the heart of Laguna Village, just steps from all the shops, restaurants and galleries in the "Hip District". Panoramic whitewater and Catalina Island views from nearly every room in both the Penthouse/Upper and the Lower contemporary cottage duplex. This remodeled property sits on a corner lot and has no southerly neighbor - this is as 'exclusive' as ocean front gets in downtown Laguna Beach. Expansive wrap-around decks on both levels. Beautifully remodeled, fully furnished and equipped with Open-concept living, high-beamed ceilings and hardwood floors throughout, with walls of windows looking out to white water ocean views. All top-of-the-line appliances and decor with inside Laundry and 2-ca garage parking plus carport. Step down to the beach or stroll around the corner to fun, local amenities - festivals, beaches and tide pool coves. Great Income producing property (with history of verified rents of $9,500-20,000/mo for upper unit at 1295 Ocean Front and $7,500-18,000/mo for lower unit at 1293 Ocean Front). Also ideal as a second home while enjoying lucrative income from unit below.--

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-23T15:29:26.127. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/83740476

    1295 Ocean Front Laguna Beach, CA 92651

    • Price: $7,200,000
    • Status: Active
    • Updated: 27 min ago
    • ID#: LG18116241
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    2,500
    SQFT
    $2,880
    $/SQFT
    2005
    Built
    Neighborhood:
    The Village (Vil)
    County:
    Orange
    Area:
    LV - Laguna Village
    Property Description
    Luxury Ocean Front duplex, situated in the heart of Laguna Village, just steps from all the shops, restaurants and galleries in the "Hip District". Panoramic whitewater and Catalina Island views from nearly every room in both the Penthouse/Upper and the Lower contemporary cottage duplex. This remodeled property sits on a corner lot and has no southerly neighbor - this is as 'exclusive' as ocean front gets in downtown Laguna Beach. Expansive wrap-around decks on both levels. Beautifully remodeled, fully furnished and equipped with Open-concept living, high-beamed ceilings and hardwood floors throughout, with walls of windows looking out to white water ocean views. All top-of-the-line appliances and decor with inside Laundry and 2-ca garage parking plus carport. Step down to the beach or stroll around the corner to fun, local amenities - festivals, beaches and tide pool coves. Great Income producing property (with history of verified rents of $9,500-20,000/mo for upper unit at 1295 Ocean Front and $7,500-18,000/mo for lower unit at 1293 Ocean Front). Also ideal as a second home while enjoying lucrative income from unit below.--
    Exterior Features

    Architectural Style Craftsman Garage Spaces 2.00 Lot Features 2-5 Units/AcreCorner Lot Lot Size Source Assessor Lot Size Units Square Feet Parking Features Carport AttachedDirect Garage Access Parking Total 2.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes View CatalinaCity LightsCoastlineOceanPanoramicWaterWhite Water View YN Yes Waterfront Features Beach AccessBeach FrontOcean AccessOcean FrontOcean Side Of FreewayOcean Side Of Highway 1

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Cooling CentralSee Remarks Cooling YN Yes Fireplace Features Living Room Fireplace YN Yes Heating Forced Air Heating YN Yes Laundry Features Inside Levels Two Room Type KitchenLiving RoomMain Floor BedroomMain Floor Master BedroomMaster BathroomOfficeTwo Masters

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 2.14 Community Features Street Lighting Country Us Electric Expense 7200.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 255500.00 Gross Multiplier 28.77 Gross Scheduled Income 255500.00 Insurance Expense 5000.00 Land Lease YN No Laundry YN Yes Net Operating Income 157525.00 New Taxes Expense 77175.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 2 Operating Expense 97975.00 Property Condition Updated/Remodeled Rent Control YN No Senior Community YN No Special Listing Conditions Standard Subdivision Name Other The Village (Vil) Total Expenses 97975.00 Trash Expense 1200.00 Water Sewer Expense 2400.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Catherine Porter of Laguna Coast Real Estate and Cynthia Ayers of Laguna Coast Real Estate.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-23T15:29:26.127. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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