An extraordinary location will almost always come with higher property values, higher appreciation rates and a better quality of life. This 4-PLEX investment opportunity is in the ideal Laguna Beach location. Primely positioned in the heart of town (Walkscore 94) on the ocean side of Coast Highway, one row from the Oceanfront. Endless views of the coastline in both directions....sand, white water, Catalina island and city lights. This property is surrounded mostly by updated and high value SFRs. The floor plan configuration includes three one bedroom apartments and one studio unit. Zoned R3, if desired, the upper unit could be converted to one, top level owner's unit or two bedroom apartment. For 60 years, this property has been diligently maintained by the same family and now presents a rare opportunity for a new owner. All systems are functional. Recent structural steel foundation upgrade and new roof. Cosmetic improvements and surface upgrades would take this property to a whole new level. Rents are all currently under market value. Schedule a tour today. 24 hour notice required.
MLS #
CRLG24171403
MLS Source
California Regional MLS
Days on Site
95
Kitchen
Pantry
Dining Room
Other
Fireplace
Living Room
Laundry
In Garage
Cooling
None
Heating
Multi Type
Foundation
Slab
Pool
None
Style
Traditional
Garage/Parking
Garage, Other, Garage: Car(s)
Elementary District
Laguna Beach Unified
High School District
Laguna Beach Unified
HOA Fee
$0
709 Gaviota Dr is a Quadruplex in Laguna Beach, CA 92651. This 2,370 square foot property sits on a 3,049 Sq Ft Lot and features 4 bedrooms & 4 full bathrooms. It is currently priced at $4,245,000 and was built in 1922.
This address can also be written as 709 Gaviota Dr, Laguna Beach, CA 92651.©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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This listing information is up-to-date as of November 18, 2024. For the most current information, please contact Spencer Wall, (949) 375-7768