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220 Cliff Drive
220 Cliff Drive, Laguna Beach, CA 92651
5 Units | Multifamily
Multifamily Property - Off Market
- No. Units:
- Building Size:
- 2,769 SF
- Property Type:
- Property Sub-type:
- Property Use Type:
- Cap Rate:
- No. Stories:
- Year Built:
- Lot Size:
- 4,848 SF
- APN / Parcel ID:
- Listing ID
- Last Updated
- over 1 year ago
- Quintessential Laguna Beach Income Property
- White Water Views from Units
- Remodeled and Upgraded Interiors
- New Roof
- New Exterior Paint
- Legal Non-Conforming 5 Units
PLEASE CLICK ON PROPERTY WEBSITE LINK FOR MORE INFORMATION.
220 Cliff Drive is a quintessential Laguna Beach income property. It has been upgraded by the current ownership and is in turnkey condition. There are a myriad of options to a new owner where they could use one unit as an "owner's unit" for extended vacations and/or weekend or special event visits.
The unit mix is excellent and rents have some upside due to recent general firming of rental rates across Orange County especially the coastal submarkets.
This property represents a unique opportunity as most Laguna Beach multifamily assets which hit the market are not in this condition.
220 Cliff Drive is located in Laguna Beach, the premier seaside destination on the beautiful California Riviera in South Orange County, positioned mid-way between Los Angeles and San Diego.
The city of Laguna Beach is well known as a unique beach community and artists' colony with seven miles of city beaches running along its nine square miles. The resident population enjoys the ambiance provided by the sandy beaches, canyons, and coastal hills. During the summer, several million visitors are drawn to the resort environment for its picturesque beaches, art festivals, and the Pageant of the Masters. Laguna's village-scale shopping district, blufftop walkways, and tram system create a pedestrian environment and scale that is unique in Southern California.
Map of 220 Cliff Drive, Laguna Beach, CA 92651 (Orange County)
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P