1566 Glenneyre Street

    Laguna Beach, CA 92651
    • $2,345,000
    • STATUS: Active Under Contract
    • ON SITE: 176 days
    • ID#: LG19273967
    Under Contract
    UPDATED: 60 min ago
    $2,345,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,350
      SQFT
    • $998
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1961
    County:

    School Ratings & Info

    Description

    Stress-free rental income steps from the sand! This turnkey triplex is located in the village of Laguna Beach and showcases a gorgeous designer renovation. Just steps from famous Woods Cove and Bluebird Canyon Beaches, the property is convenient to Laguna Beach's HIP District, full of world-class restaurants, coffee shops, fabulous shopping and everything Laguna Beach has to offer. Property was renovated in 2017 down to the studs! All units are two-bedroom, one-bath configurations with stunning kitchens containing soft-close cabinetry, gas stoves, deep sinks, 'quiet' dishwashers, and a variety of built-in storage solutions. Units feature all new windows with custom blinds, recessed lighting, ceiling fans, large mirrored closets, heating units, and water heaters. Two units feature ocean views while two units feature fireplaces and private outdoor space. Western exposure provides an abundance of natural light throughout the units as well as breathtaking sunsets. Each unit features two parking spaces, one of which is covered. Storage is abundant with storage above the covered parking space, in addition to a private storage locker, and surfboard storage. Laundry facility is equally gorgeous and features high efficiency, smart washers and dryers. This prime location and turnkey property provides an outstanding showpiece for any investor's portfolio.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-27T20:28:32.62. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.

    www.teamforss.com/homes/101392316

    1566 Glenneyre Street Laguna Beach, CA 92651

    • Price: $2,345,000
    • Status: Active Under Contract
    • Updated: 60 min ago
    • ID#: LG19273967
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    2,350
    SQFT
    $998
    $/SQFT
    1961
    Built
    Neighborhood:
    Woods Cove (Wc)
    County:
    Orange
    Area:
    LV - Laguna Village
    Property Description
    Stress-free rental income steps from the sand! This turnkey triplex is located in the village of Laguna Beach and showcases a gorgeous designer renovation. Just steps from famous Woods Cove and Bluebird Canyon Beaches, the property is convenient to Laguna Beach's HIP District, full of world-class restaurants, coffee shops, fabulous shopping and everything Laguna Beach has to offer. Property was renovated in 2017 down to the studs! All units are two-bedroom, one-bath configurations with stunning kitchens containing soft-close cabinetry, gas stoves, deep sinks, 'quiet' dishwashers, and a variety of built-in storage solutions. Units feature all new windows with custom blinds, recessed lighting, ceiling fans, large mirrored closets, heating units, and water heaters. Two units feature ocean views while two units feature fireplaces and private outdoor space. Western exposure provides an abundance of natural light throughout the units as well as breathtaking sunsets. Each unit features two parking spaces, one of which is covered. Storage is abundant with storage above the covered parking space, in addition to a private storage locker, and surfboard storage. Laundry facility is equally gorgeous and features high efficiency, smart washers and dryers. This prime location and turnkey property provides an outstanding showpiece for any investor's portfolio.
    Exterior Features

    Architectural Style ContemporaryMid Century Modern Carport Spaces 3.00 Construction Materials ConcreteDrywall WallsFrameStucco Exterior Features Lighting Fence YN Yes Fencing Good ConditionWood Foundation Details Concrete Perimeter Garage Spaces 0.00 Lot Features 0-1 Unit/AcreGentle SlopingNear Public TransitPark NearbyYard Lot Size Source Assessor Lot Size Units Square Feet Other Structures Storage Parking Features AssignedCarportAttached CarportCoveredDrivewayAsphaltPavedDriveway LevelOff StreetOn SiteParking SpacePrivateUncovered Parking Total 6.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No Road Surface Type MaintainedPaved Roof Flat Spa Features None Spa YN No View HillsOceanTrees/Woods View YN Yes Waterfront Features Ocean Side Of Freeway

    Interior Features

    Appliances DishwasherDisposalGas RangeGas Water HeaterMicrowaveRefrigeratorWater Heater Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling None Cooling YN No Door Features Mirror Closet Door(S)Sliding Doors Fireplace Features Living RoomGas Fireplace YN Yes Flooring LaminateWood Heating Wall Furnace Heating YN Yes Interior Features Ceiling Fan(S)Corian CountersOpen FloorplanRecessed LightingStorageUnfurnished Laundry Features CommunityDryer IncludedGas Dryer HookupIn CarportIndividual RoomWasher HookupWasher Included Levels Two Room Type KitchenLaundryLiving RoomMain Floor BedroomMain Floor Master Bedroom Window Features BlindsDouble Pane WindowsScreens

    Property Features

    Accessibility Features None Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 3.85 Community Features BikingDog ParkHikingParkPreserve/Public LandRavineStorm DrainsStreet LightsSuburban Country Us Electric Electricity - On Property Electric Expense 480.00 Elevation Units Feet Fuel Expense 0.00 Garage Income 0.00 Garage Rental Rate 0.00 Gardener Expense 1800.00 Gross Income 117540.00 Gross Operating Income 117540.00 Gross Scheduled Income 117540.00 Improvements Amount 74198 Insurance Expense 2630.00 Land Lease YN No Land Value 1710802 Laundry Equipment Own Lease Own Laundry Income 0.00 Laundry YN Yes Maintenance Expense 1500.00 Net Operating Income 90315.00 New Construction YN No New Taxes Expense 20408.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Number Of Units Leased 3 Number With Carpet 0 Number With Dishwasher 3 Number With Disposal 3 Number With Drapes 0 Number With Patio 2 Number With Range 3 Number With Refrigerator 3 Operating Expense 27225.00 Property Condition Turnkey Property Sub Type Triplex Rent Control YN No Security Features Carbon Monoxide Detector(S)Fire Rated DrywallSmoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Woods Cove (Wc) Tenant Pays Cable TvElectricityGas Total Actual Rent 117540.00 Total Expenses 27225.00 Trash Expense 0.00 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Walk Score 74 Water Sewer Expense 840.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Shane Thornton of Compass


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-27T20:28:32.62. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.

     
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