$10,500,000
$11,000,000
4.5%For more information regarding the value of a property, please contact us for a free consultation.
222 Arch ST Laguna Beach, CA 92651
Key Details
Sold Price $10,500,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Arch Beach Heights (Abh)
MLS Listing ID OC18106872
Sold Date 08/01/18
HOA Y/N No
Year Built 1971
Property 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.
Location
State CA
County Orange
Area Lv - Laguna Village
Zoning R3
Rooms
Ensuite Laundry Stacked
Interior
Laundry Location Stacked
Fireplace No
Laundry Stacked
Exterior
Garage Spaces 14.0
Garage Description 14.0
Pool None
Community Features Sidewalks
Total Parking Spaces 14
Private Pool No
Building
Lot Description Landscaped
Story 3
Entry Level Three Or More
Sewer Private Sewer
Water Public
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 65611206
Energy Description 1950.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Mario Pinedo • Keller Williams Realty Irvine
The Wilkas Group - Lenore & Alexander Wilkas
Real Estate Advisors | License ID: 01343201 & 01355442