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Chuck Lamm

chuck.lamm@engelvoelkers.com +1(818) 652-2876

$ 4,245,000

Est. payment -/mo

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Price Dropped by $50K

709 Gaviota DR Laguna Beach, CA 92651

2,370 SqFt

UPDATED:

10/23/2024 09:37 PM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,370 sqft

Price per Sqft $1,791

Subdivision The Village (Vil)

MLS Listing ID LG24171221

Construction Status Repairs Cosmetic

HOA Y/N No

Year Built 1922

Lot Size 3,049 Sqft

Property Description

An extraordinary location will almost always come with higher property values, higher appreciation rates and a better quality of life. This 4-PLEX investment opportunity is in the ideal Laguna Beach location. Primely positioned in the heart of town (Walkscore 94) on the ocean side of Coast Highway, one row from the Oceanfront. Endless views of the coastline in both directions....sand, white water, Catalina island and city lights. This property is surrounded mostly by updated and high value SFRs. The floor plan configuration includes three one bedroom apartments and one studio unit. Zoned R3, if desired, the upper unit could be converted to one, top level owner's unit or two bedroom apartment. For 60 years, this property has been diligently maintained by the same family and now presents a rare opportunity for a new owner. All systems are functional. Recent structural steel foundation upgrade and new roof. Cosmetic improvements and surface upgrades would take this property to a whole new level. Rents are all currently under market value. Schedule a tour today. 24 hour notice required.

Location

State CA

County Orange

Area Lv - Laguna Village

Rooms

Ensuite Laundry In Garage

Interior

Interior Features Multiple Staircases, Pantry

Laundry Location In Garage

Heating Combination

Cooling None

Fireplaces Type Living Room

Fireplace Yes

Laundry In Garage

Exterior

Exterior Feature Awning(s), Rain Gutters

Garage Driveway, Garage Faces Rear

Garage Spaces 1.5

Garage Description 1.5

Fence Wood

Pool None

Community Features Gutter(s)

Utilities Available Electricity Connected, Water Connected

Waterfront Description Ocean Access,Ocean Side Of Freeway,Ocean Side Of Highway

View Y/N Yes

View Catalina, City Lights, Ocean, Water

Accessibility Safe Emergency Egress from Home, Parking, Accessible Doors

Parking Type Driveway, Garage Faces Rear

Total Parking Spaces 2

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories Two

New Construction No

Construction Status Repairs Cosmetic

Others

Senior Community No

Tax ID 64402317

Security Features Smoke Detector(s)

Energy Description 120.0

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

Listed by Spencer Wall • Pacific Sotheby’s International Realty • 949-375-7768

Chuck Lamm

Broker Associate | License ID: 00857151

+1(818) 652-2876

Chuck Lamm

709 Gaviota DR Laguna Beach, CA 92651

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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709 Gaviota DR