1105 Coast hwy, Laguna Beach, CA 92651
Active
$11,495,000
12 Units
13 Beds
13 Baths
8,992 Area(sq.ft.)
Lot: 7,840 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 9 | 1 | 1 | No | $ 3,490 | $ 31,410 | $ 32,310 |
| Unit 2 | 2 | 2 | 2 | No | $ 4,745 | $ 9,490 | $ 9,690 |
| Unit 3 | 1 | studio | 0 | No | $ 5,122 | $ 5,122 | $ 5,308 |
| 12 | 13 | 13 | $ 46,022 | $ 306,792 | $ 315,478 |
| MLS #: | 25536285 |
| Days On Market: | 271 |
| Listing Date: | May 8, 2025 |
| County: | Orange County |
| Property Type: | Residential Income |
| Price per ft2: | $ 1,278 |
| Price per unit: | $ 957,917 |
| Year Built: | 1969 |
Property Details
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.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Vacancy Rate: | 3% |
| Gross Operating Income: | $ 571,646 |
| Total Annual Expense: | $ 188,932 |
| Net Operating Income: | $ 382,714 |
| Gross Annual Income: | $ 586,370 |
| Cap Rate: | 3.33% |
| Gross Rent Multiplier: | 19.60 |
Structure
| Type of Units: | Apartments |
| Buildings: | 1 |
| Levels: | Two |
Land & Parking
| Parking Garage: | Covered Parking |
| Covered Parking: | 10 |
| Total Parking: | 10 |
Interior
| AC/Cooling: | None |
| Equipment: | None |
| Heating: | None |
Exterior
Detailed Map
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