Log In/Sign Up
Your email has been sent.
Sandcastle 1105 N Coast Hwy 11 Unit Apartment Building $9,745,000 ($885,909/Unit) 4.17% Cap Rate Laguna Beach, CA 92651
INVESTMENT HIGHLIGHTS
- Prime Laguna Beach Opportunity includes 11 Units + Retail
- One of the Largest Properties West of PCH
- Irreplaceable Asset - Less than 600 ft Away from Shaw's Cove
- 4.17% In-Place Cap Rate (Highest in Laguna Beach)
- Over $1,600,000 in Recent Capital Improvements
- Located in a Short Term Rental Zone
EXECUTIVE SUMMARY
Sandcastle, located at 1105 N. Coast Hwy., is a rare, turnkey multifamily trophy asset in Laguna Beach. Located on a premier corner lot on the west side of PCH, the property features 11 renovated apartment units, many with ocean views, plus one ground-level commercial suite, just steps from Crescent Bay, Shaw’s Cove, and Fisherman’s Cove.
Over $1.6M in capital improvements have been completed across all systems, interiors, and exteriors. Situated within the Laguna Beach Short-Term Lodging District, a new owner may have the opportunity to obtain up to two short-term rental permits. A truly irreplaceable coastal asset for the discerning investor.
Over $1.6M in capital improvements have been completed across all systems, interiors, and exteriors. Situated within the Laguna Beach Short-Term Lodging District, a new owner may have the opportunity to obtain up to two short-term rental permits. A truly irreplaceable coastal asset for the discerning investor.
PROPERTY FACTS
| Price | $9,745,000 | Apartment Style | Low-Rise |
| Price Per Unit | $885,909 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 4.17% | Building Size | 8,992 SF |
| Gross Rent Multiplier | 16.43 | No. Stories | 3 |
| No. Units | 11 | Year Built/Renovated | 1969/2024 |
| Property Type | Multifamily | Parking Ratio | 1.11/1,000 SF |
| Property Subtype | Apartment |
| Price | $9,745,000 |
| Price Per Unit | $885,909 |
| Sale Type | Investment |
| Cap Rate | 4.17% |
| Gross Rent Multiplier | 16.43 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 8,992 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1969/2024 |
| Parking Ratio | 1.11/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 9 | $3,603 | 480 - 700 |
| 2+2 | 2 | $4,495 | 1,000 - 1,150 |
1 1
PROPERTY TAXES
| Parcel Number | 053-152-03 | Improvements Assessment | $417,769 |
| Land Assessment | $5,564,531 | Total Assessment | $5,982,300 |
PROPERTY TAXES
Parcel Number
053-152-03
Land Assessment
$5,564,531
Improvements Assessment
$417,769
Total Assessment
$5,982,300
1 of 11
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Sandcastle | 1105 N Coast Hwy
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.