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222 Arch St 13 Unit Apartment Building $10,995,000 ($845,769/Unit) 4.03% Cap Rate Laguna Beach, CA 92651
INVESTMENT HIGHLIGHTS
- Pride of Ownership: 222 Arch Street is a Legacy Asset in an ‘A Location’ approx. 300 feet from the Pacific Ocean.
- Outstanding Unit Mix: Built in 1971, this complex has an outstanding unit mix of 100% two- and three-bedroom units.
- Excellent Rental Location: 222 Arch Street in Laguna Beach is nestled atop Pacific Coast Hwy overlooking the Pacific Ocean.
- Newly Installed Roof: The property features a roof that was installed in April 2024.
- Desirable Amenities: All units have a luxurious ocean view and in unit stacked washer and dryer.
- Located Directly Between the Surf and Sand Resort and The Montage Hotel and Resort
EXECUTIVE SUMMARY
Daniel Withers and Mark Bridge with Matthews™ are pleased to present this pride of ownership, legacy asset, in an ‘A Location’ approximately 300 feet from the Pacific Ocean. 222 Arch Street in Laguna Beach is a 13-unit complex situated atop Pacific Coast Hwy overlooking the Pacific Ocean in one of the premiere coastal housing markets in the nation.
Built in 1971, this complex has an outstanding unit mix of 100% two- and three- bedroom units, with an average square foot per unit of almost 1,000 square feet. All units have a luxurious ocean view and in unit stacked washer and dryer. Units also have private balconies and individual rollup door garage parking. There have been recent interior renovations including new granite countertops and cabinets, new flooring, new custom bathroom tile, vanities and lighting. The stainless-steel appliance package includes stovetop oven, built in microwave, dishwasher, sink and faucet, and refrigerator. The updated exterior has a nice sign package, double pane vinyl windows and an interior courtyard with seating area and BBQ. The property also features a new roof that was installed in April 2024.
The property’s Class A location in Laguna Beach puts the property near major retail, educational and employment opportunities. 222 Arch street is short walk to many small beaches, Surf and Sand Resort Laguna Beach and the Montage Laguna Beach. Continuing in either direction takes you to Main Beach Laguna and Dana Point Harbor. The mild climate, walkable main beach area, scenic coves, and great beaches make Laguna Beach one of the most desirable communities for everyone.
Mark.Bridge@Matthews.com | David.Harrington@Matthews.com
David Harrington | License # 0216806 (CA) | Matthews Real Estate Investment Services, Inc
Built in 1971, this complex has an outstanding unit mix of 100% two- and three- bedroom units, with an average square foot per unit of almost 1,000 square feet. All units have a luxurious ocean view and in unit stacked washer and dryer. Units also have private balconies and individual rollup door garage parking. There have been recent interior renovations including new granite countertops and cabinets, new flooring, new custom bathroom tile, vanities and lighting. The stainless-steel appliance package includes stovetop oven, built in microwave, dishwasher, sink and faucet, and refrigerator. The updated exterior has a nice sign package, double pane vinyl windows and an interior courtyard with seating area and BBQ. The property also features a new roof that was installed in April 2024.
The property’s Class A location in Laguna Beach puts the property near major retail, educational and employment opportunities. 222 Arch street is short walk to many small beaches, Surf and Sand Resort Laguna Beach and the Montage Laguna Beach. Continuing in either direction takes you to Main Beach Laguna and Dana Point Harbor. The mild climate, walkable main beach area, scenic coves, and great beaches make Laguna Beach one of the most desirable communities for everyone.
Mark.Bridge@Matthews.com | David.Harrington@Matthews.com
David Harrington | License # 0216806 (CA) | Matthews Real Estate Investment Services, Inc
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$648,000
|
$52.65
|
| Other Income |
$2,600
|
$0.21
|
| Vacancy Loss |
$12,960
|
$1.05
|
| Effective Gross Income |
$637,640
|
$51.81
|
| Taxes |
$111,685
|
$9.07
|
| Operating Expenses |
$83,195
|
$6.76
|
| Total Expenses |
$194,880
|
$15.83
|
| Net Operating Income |
$442,760
|
$35.98
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $648,000 |
| Annual Per SF | $52.65 |
| Other Income | |
|---|---|
| Annual | $2,600 |
| Annual Per SF | $0.21 |
| Vacancy Loss | |
|---|---|
| Annual | $12,960 |
| Annual Per SF | $1.05 |
| Effective Gross Income | |
|---|---|
| Annual | $637,640 |
| Annual Per SF | $51.81 |
| Taxes | |
|---|---|
| Annual | $111,685 |
| Annual Per SF | $9.07 |
| Operating Expenses | |
|---|---|
| Annual | $83,195 |
| Annual Per SF | $6.76 |
| Total Expenses | |
|---|---|
| Annual | $194,880 |
| Annual Per SF | $15.83 |
| Net Operating Income | |
|---|---|
| Annual | $442,760 |
| Annual Per SF | $35.98 |
PROPERTY FACTS
| Price | $10,995,000 | Apartment Style | Low-Rise |
| Price Per Unit | $845,769 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.30 AC |
| Cap Rate | 4.03% | Building Size | 13,100 SF |
| Gross Rent Multiplier | 16.97 | Average Occupancy | 100% |
| No. Units | 13 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1971/2024 |
| Property Subtype | Apartment | Parking Ratio | 1.22/1,000 SF |
| Zoning | R3 - Multifamily | ||
| Price | $10,995,000 |
| Price Per Unit | $845,769 |
| Sale Type | Investment |
| Cap Rate | 4.03% |
| Gross Rent Multiplier | 16.97 |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 13,100 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1971/2024 |
| Parking Ratio | 1.22/1,000 SF |
| Zoning | R3 - Multifamily |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Views
- Vinyl Flooring
- Quartz Countertops
SITE AMENITIES
- Courtyard
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 5 | $3,950 | 925 |
| 2+2 | 7 | $4,290 | 1,050 |
| 3+2 | 1 | $5,500 | 1,125 |
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Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 656-112-06 | Total Assessment | $11,712,948 (2025) |
| Land Assessment | $8,924,152 (2025) | Annual Taxes | $111,685 ($8.53/SF) |
| Improvements Assessment | $2,788,796 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
656-112-06
Land Assessment
$8,924,152 (2025)
Improvements Assessment
$2,788,796 (2025)
Total Assessment
$11,712,948 (2025)
Annual Taxes
$111,685 ($8.53/SF)
Tax Year
2024
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222 Arch St
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