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216 Cliff Dr 3 Unit Apartment Building Offered at $3,595,000 at a 3.01% Cap Rate Laguna Beach, CA 92651
Investment Highlights
- (1) Detached Two-Bedroom Single-Family Home, (1) One-Bedroom Unit & (1) Studio
- Over $500,000 in Capital Improvements
- Exceptional Laguna Beach Location (92 Walk Score) - Steps from Main Beach & Downtown Laguna Beach
- Owner-User Opportunity as the Property is 100% Vacant
- Ocean Views & In-Unit Laundry in Select Units
Executive Summary
216 Cliff Drive is a rare 3-unit coastal multifamily on the prestigious Cliff Drive corridor in Laguna Beach. Two of three residences capture sweeping Pacific Ocean views. Detached 2BD/1BA front home, 1BD/1BA upper unit, and ground-level studio. Turnkey with over $500K in documented capital improvements including fully remodeled kitchens, baths, new electrical, PEX plumbing, in-unit laundry in two units.
Property Facts
| Price | $3,595,000 | Lot Size | 0.08 AC |
| Price Per Unit | $1,198,333 | Building Size | 1,979 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 3.01% | Year Built/Renovated | 1939/2026 |
| No. Units | 3 | Parking Ratio | 0.51/1,000 SF |
| Property Type | Multifamily |
| Price | $3,595,000 |
| Price Per Unit | $1,198,333 |
| Sale Type | Investment |
| Cap Rate | 3.01% |
| No. Units | 3 |
| Property Type | Multifamily |
| Lot Size | 0.08 AC |
| Building Size | 1,979 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1939/2026 |
| Parking Ratio | 0.51/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $6,000 | 1,019 |
| 1+1 | 1 | $4,500 | 690 |
| Studios | 1 | $3,000 | 270 |
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Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
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216 Cliff Dr
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