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Listing 24 out of 373
$7,750,000 For Sale

400 Loma Terrace
Laguna Beach, CA 92651

8 units | Multi Family Home
16553 sq ft lot - MLS# OC19062648
Property Photo
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Description

400 & 404 Loma Terrace is an 8-unit multifamily investment property located in Laguna Beach, one of the premier coastal housing markets in Southern California. As 400 & 404 Loma Terrace are located on two, adjacent parcels, the property can be purchased with long-term residential financing. The unique 9,460 square foot property consists of spacious two- and three-bedroom units with large private balconies and expansive ocean views. 400 & 404 Loma Terrace is situated in downtown Laguna Beach, which is home to a plethora of cultural, recreational, and culinary attractions. Tenants are within walking distance to world famous Main Beach and the annual Festival of Arts and Pageant of the Masters art exhibition as well as the numerous restaurants that line Pacific Coast Highway.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 92651
  • Year Built: 1965
  • Subdivision/Neighborhood: Main Beach (Bch)
  • Units: 8 units
  • # of Parking Spaces: 10.00
  • Lot Size: 16553 sq ft lot
  • Area: LV - Laguna Village
  • Average Studio Area Units: Square Feet
  • Average2Bed Area Units: Square Feet
  • Average3Bed Area Units: Square Feet
  • Building Area Total: 9460.00
  • Building Area Units: Square Feet
  • Carport Spaces: 10.00
  • Community Features: Sidewalks, Street Lights
  • Country: US
  • Directions: Major Cross Streets: S Coast Highway / Broadway Street
  • Electric Expense: 1000.00
  • Fuel Expense: 1000.00
  • Gross Income: 305952.00
  • Gross Operating Income: 296773.00
  • Gross Scheduled Income: 305952.00
  • Insurance Expense: 3200.00
  • Laundry Features: See Remarks
  • Laundry YN: Yes
  • Listing Agent License: 01451551
  • Listing Office License: 00530854
  • Lot Features: Landscaped
  • Lot Size Area: 0.3800
  • Lot Size Source: Assessor
  • Lot Size Units: Acres
  • MLS: CRM
  • Maintenance Expense: 4000.00
  • Net Operating Income: 191676.00
  • New Taxes Expense: 87457.00
  • Number Of Buildings: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Operating Expense: 105097.00
  • Other Expense: 6440.00
  • Other Expense Description: Other
  • Sewer: Public Sewer
  • Total Actual Rent: 25496.00
  • Total Expenses: 105097.00
  • Trash Expense: 1000.00
  • Water Sewer Expense: 1000.00
  • Water Source: Public
  • Year Built Source: Assessor
Courtesy of Marcus & Millichap Re Invest, Tyler Leeson

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 Dan Scodeller 
Dan Scodeller
CA DRE #01915971
949-444-3697
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Dan Scodeller | 949-444-3697 | Contact Me
202 South Coast Hwy, Laguna Beach, CA 92651
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