1295 Ocean Front

    Laguna Beach, CA 92651
    • $6,875,000
    • STATUS: Active
    • ON SITE: 464 days
    • ID#: LG18116241
    $6,875,000
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,500
      SQFT
    • $2,750
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2005
    County:

    School Ratings & Info

    Description

    Just Reduced! Seller Motivated to Sell now! Luxury Ocean Front duplex, turn-key - situated in the heart of Laguna Village, just steps from all the shops, restaurants, galleries in the "Hip District". Panoramic whitewater & Catalina Island views from nearly every room in both the Penthouse/Upper and Lower contemporary cottage duplex. This remodeled property sits on a corner lot where Cress Street meets the Pacific Ocean - has no southerly neighbor - this is as exclusive as ocean front gets in downtown Laguna Beach! Expansive wrap-around decks on both levels for BBQ entertaining & lounging. Beautifully remodeled, fully furnished, equipped for the most discriminating clientele. Open concept with High-beamed ceilings, hardwood floors throughout. Large Chef's kitchen in both units with island that opens to Living room with walls of windows looking out to white water ocean views. Top-of-the-line appliances & decor. Large upper with Spacious Master suite extends to a large office area overlooking the waves. Step down to the beach or stroll around the corner to fun, local amenities, festivals, beaches. Great Income producing property (with 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 (recurring tenants are tried and true!)

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-08-26T00:31:01.303. 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 deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.
    www.bestlahomefinder.com/homes/83740476

    1295 Ocean Front Laguna Beach, CA 92651

    • Price: $6,875,000
    • Status: Active
    • ID#: LG18116241
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    2,500
    SQFT
    $2,750
    $/SQFT
    2005
    Built
    Neighborhood:
    The Village (Vil)
    County:
    Orange
    Area:
    LV - Laguna Village
    Property Description
    Just Reduced! Seller Motivated to Sell now! Luxury Ocean Front duplex, turn-key - situated in the heart of Laguna Village, just steps from all the shops, restaurants, galleries in the "Hip District". Panoramic whitewater & Catalina Island views from nearly every room in both the Penthouse/Upper and Lower contemporary cottage duplex. This remodeled property sits on a corner lot where Cress Street meets the Pacific Ocean - has no southerly neighbor - this is as exclusive as ocean front gets in downtown Laguna Beach! Expansive wrap-around decks on both levels for BBQ entertaining & lounging. Beautifully remodeled, fully furnished, equipped for the most discriminating clientele. Open concept with High-beamed ceilings, hardwood floors throughout. Large Chef's kitchen in both units with island that opens to Living room with walls of windows looking out to white water ocean views. Top-of-the-line appliances & decor. Large upper with Spacious Master suite extends to a large office area overlooking the waves. Step down to the beach or stroll around the corner to fun, local amenities, festivals, beaches. Great Income producing property (with 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 (recurring tenants are tried and true!)
    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 Attached CarportDirect 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 1Sea Front

    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 Central AirSee 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 Lights 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 Construction YN No 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 Sewer Public Sewer 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 2019-08-26T00:31:01.303. 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 deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.
     
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