Residential Income Details
REDUCED $100,000! *Best GRM and CAP Rate in Laguna Beach, *Walking Distance to Sawdust Festival, Pageant of the Masters, Downtown and Main Beach, *Added Value Opportunity with Upside Potential, *Great Mix of 1 & 2 Bedrooms, *Majority Single Story Units, *Over 1/2 Acre Lot
237-245 Woodland Drive sits at the base of the hills within the historic Laguna Beach Canyon. This property provides tenants the ability to walk to all of Laguna Beach’s most popular attractions including the Sawdust Festival, Pageant of the Masters, Downtown Laguna Beach and Main Beach. For the investor, the combination of the proximity to these attractions and the desirable unit types will allow the owner to charge strong rent levels without fear of vacant units or large turnover. The property consists of primarily single story units made up of one and two bedrooms. Some have exceptionally large private yards and others have access to hillside patios surrounded by lush, natural plant life and fruit trees.
Being priced significantly less than the bulk of apartment complexes in Laguna Beach along with the large amount upside in rental income and equity, makes this a prime investment opportunity. This is a perfect candidate for the investor looking to create value you through upgrades and improvements of an outdated property along with better overall management.
|Number of Units||5|
|Listing Brokerage||Morgan Skenderian|
|Listing Agent||Rick Applebaum|
|Listing Agent BRE #||01273871|
Based on information from California Regional Multiple Listing Service, Inc. as of Thursday, September 27, 2018.
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