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$ 10,295,000
Est. payment | /mo
8,992 SqFt
$ 10,295,000
Est. payment | /mo
8,992 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 8,992 sqft
Price per Sqft $1,144
MLS Listing ID CL25536285
HOA Y/N No
Year Built 1969
Lot Size 7,840 Sqft
Acres 0.18
Property Sub-Type Other
Property Description
Sandcastle is a unique investment opportunity consisting of (11) apartment units and (1) commercial unit walking distance from iconic beaches in Laguna Beach, such as, Crescent Bay, Shaw's Cove and Fisherman's Cove. This marks the first time the property has been offered on the open market. Current ownership has invested over $1,600,000 in capital improvements, including extensive upgrades completed on property systems, interiors and exteriors. The property is located within the Laguna Beach Short Term Lodging Distract, with that a new investor may be able to obtain up to two short-term rental permits.
Location
State CA
County Orange
Interior
Heating None
Cooling None
Fireplace No
Building
New Construction No
Others
Tax ID 05315203

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Listed by Michael O'Neill II • CB Richard Ellis, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "