Water Views
Address
222 Arch Street Laguna Beach, CA
Price
$ 11,000,000
Property Attributes
  • MLS#OC18106872
  • TypeIncome
  • CountyORANGE
  • CityLaguna Beach
  • AreaLaguna Village
  • NeighborhoodArch Beach Heights
  • Zip92651
  • Style
  • Price$ 11,000,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage12307
  • Lot Size12,632 SqFt
Listing Provided Courtesy Of:
Tyler Leeson with Marcus & Millichap RE Invest.
Property Description

222 Arch Street is a 13-unit multifamily investment property located in Laguna Beach, one of the premiere coastal housing markets nationwide. Built in 1971 and renovated in 2016-2017, 222 Arch Street offers investors the opportunity to capitalize on strong market trends, capture a prosperous tenant base and exceptional renovations that should increase rental income by approximately 13 percent. This offering represents a rare opportunity to add value to an already highly finished property in a market where similar opportunities are made available only once or twice per year. Situated on a 0.29-acre lot, the 12,307 square foot property consists of two-bedroom and three-bedroom floor plans offering unparalleled ocean views. The Property offers an attractive range of in-unit upgrades such as new quartz countertops, crisp white cabinetry, and stainless GE appliances. Common area amenities include private garage parking, drought tolerant landscaping and a charming courtyard with outdoor seating.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
5/7/2018 Listed $11,000,000

General Features

Attached Structure Detached
Community Features Sidewalks
HOA Fee 0.00
Levels Three Or More
Listagentstatelicense 01451551
Listing Agent Tyler Leeson - BRE#01451551
MLS Area LV - Laguna Village
Number of Units Leased 13
Price Per Square Foot 893.80
Special Listing Conditions Standard
Subdivision Arch Beach Heights (ABH)
Subdivisionnameother Arch Beach Heights (ABH)
Total Units 13
Zoning R3

Interior Features

Average1bedareaunits Square Feet
Average2bedareaunits Square Feet
Average3bedareaunits Square Feet
Averagestudioareaunits Square Feet
Common Walls No Common Walls
Laundry Features Stackable
Laundry Y/N 1
Total Stories 3

Exterior Features

Building Area Total 12307.00
Garage Spaces 14.00
Lot Features Landscaped
Lot Size Source Assessor
Lot Size Square Feet 12632.40
Lotsizeunits Acres
Number of Buildings 1
Number of Separate Electric Meters 13
Number of Separate Gas Meters 13
Pool Features None
Total Parking 14.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92651

Price
AVG $3.92M
$11M
Visits
AVG 67
58
Year Built
AVG 1956
1971

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