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1570 N Coast, Laguna Beach, CA 92651
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1570 N Coast Laguna Beach, CA 92651

$5,399,000 Sold Price as of 08/30/2021
  • 10 Beds
  • 10 Baths
  • 6,300 Sq.Ft.
Sold
$5,399,000 Sold Price as of 08/30/2021 Refinance Your Mortgage
Map preview of 1570 N Coast, Laguna Beach, CA 92651

Property Overview: 1570 N Coast Laguna Beach, CA has 10 bedrooms, 10 bathrooms, 6,300 living square feet and 9,753 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This trophy property set in iconic Laguna Beach underwent extensive renovations in 2019. Six of eight units have views of the Pacific Ocean, and all units have access to a spacious brick-paved courtyard for comfortable outdoor space. Units feature double-door entries, balconies, in-unit laundry, and assigned covered parking. Tenants enjoy being within walking distance of Main Beach Village, Heisler Park, and Crescent Bay Beach. This building is very attractive for renters seeking the Coastal lifestyle. With two 2-bed/2-bath and six 1-bed/1-bath apartments, plus assigned covered parking spaces, it's a perfect fit for Laguna's strong rental market. Turn-key with great tenants, 1570 N Coast Hwy is truly a set-it-and-forget-it investment for the longterm. All details provided deemed accurate but not guaranteed, Buyer to verify. See virtual tour link for aerial video.

Listed by Nicholas Brunson | BRE #01968901 | Interface Realty
Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 67

Home details

Lot Sq. Ft
9,753
HOA Dues
$0/mo
Year built
1965
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
LG21059331
City
Laguna Beach
County
Orange
Time on Site
1277 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Leased Units: 8
  • # of Electric Meters: 9
  • # of Gas Meters: 8
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,995
  • Total Rent: $2,995
  • Pro Forma/Market Rent: $2,995
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,575
  • Total Rent: $2,575
  • Pro Forma/Market Rent: $2,575
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,495
  • Total Rent: $2,495
  • Pro Forma/Market Rent: $2,575
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,495
  • Total Rent: $2,495
  • Pro Forma/Market Rent: $2,575
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,950
  • Total Rent: $2,950
  • Pro Forma/Market Rent: $2,995
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,495
  • Total Rent: $2,495
  • Pro Forma/Market Rent: $2,575
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,550
  • Total Rent: $2,550
  • Pro Forma/Market Rent: $2,575
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,495
  • Total Rent: $2,495
  • Pro Forma/Market Rent: $2,575
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.2%
  • Gross Rent Multiplier: 22.2
  • Gross Scheduled Income: $252,600
  • Net Operating Income: $175,733
  • Gross Operating Income: $247,548
  • Other Income 1: $2,526
  • Other Income Description: Tenant charges
Annual Expense Breakdown
  • Total Operating Expense: $71,815
  • Electric: $720
  • Gas/Fuel: $720
  • New Taxes: $55,890
  • Trash: $1,920
  • Gardener: $1,440
  • Insurance: $2,205
  • Maintenance: $4,000
  • Professional Management: $0
  • Water/Sewer: $1,920
  • Other Expenses: $3,000
  • Other Expense Description: Rsv-Turn

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 1570 N Coast

Interior Features
Cooling Information
  • Has Cooling
  • Central Air, Electric
Laundry Information
  • Has Laundry
  • Dryer Included, Washer Hookup, Washer Included
Kitchen Information
  • Has Appliances
  • Dishwasher, Gas Oven, Gas Range, Range Hood, Refrigerator
Interior Features
  • Balcony, Ceiling Fan(s), Granite Counters
  • Levels: Two
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Assigned, Carport, Covered, Paved
Lot Information
  • Lot Features: Corner Lot, Near Public Transit, Park Nearby, Paved
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall, End Unit
  • Total # of Units: 8
  • Parcel Number: 05312109
  • Year Built Source: Assessor
  • Property is Attached
  • Property Condition: Turnkey, Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Buyer to Verify
Location / Neighborhood
Location Information
  • Subdivision Name: North Laguna (NL)
  • Other Subdivision Name: North Laguna
  • Directions: From Main Beach, head North on Coast Hwy 1 mile, property is on the right: 1570 N Coast Hwy.
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Biking, Golf, Hiking, Park, Watersports, Sidewalks, Street Lights
View more facts & features

Local Laguna Beach Agent

Sale History for 1570 N Coast

Last sold for $5,399,000 on August 30th, 2021

  • August, 2021

  • Aug 31, 2021

    Date

    Sold

    CRMLS: LG21059331

    $5,399,000

    Price

  • Jun 17, 2021

    Date

    Pending

    CRMLS: LG21059331

    $5,499,000

    Price

  • Jun 1, 2021

    Date

    Active Under Contract

    CRMLS: LG21059331

    $5,499,000

    Price

  • Mar 22, 2021

    Date

    Active

    CRMLS: LG21059331

    $5,499,000

    Price

Tax History for 1570 N Coast

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

1570 N Coast sold on August 30, 2021 for 134.25% higher than the current median sold price for the city of Laguna Beach which is $2,347,500. The median sold price per/sqft for Laguna Beach is $1,302 and this home is sold at $872.86 per/sqft which puts the price per square foot 32.96% lower than the current median sale per square foot for the city of Laguna Beach.

About 1570 N Coast

Detailed summary of property

1570 N Coast is a multi family that recently sold in Laguna Beach, CA 92651. This multi family property offered 10 bedrooms, 10 bathrooms, roughly 6,300 living square feet, and sits on an approximately 9,753 square foot lot. 1570 N Coast was first listed on ArdentRealEstateGroup.com on March 22, 2021. The homeowner sold the property for $5,399,000. Home in Laguna Beach are selling for a median price of $2,347,500 and a median price per square foot of $1,302. Based on Ardent Real Estate Group's Laguna Beach Market Data, this home is sold 134.25% higher than the current median priced home. Local homes that are currently for sale include 721 W La Palma Ave, 136 W Union Ave and 1108 Termino Ave. While the average home in Laguna Beach, CA is selling in 95 days, 1570 N Coast has a days on market of 67 days. There are currently 200 homes for sale in the Laguna Beach real estate market and 181 of them are single family homes while 17 of them are condos and 2 are townhomes. For more information on this home for sale at 1570 N Coast Laguna Beach, CA 92651 contact Ardent Real Estate Group and we will put you in touch with one of our Laguna Beach agents.

Public Facts for 1570 N Coast

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

The source for these homes facts are from public records.

92651 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$4,250,000
Median List Price/Sq.Ft.
$1,814
Median Sold Price
$2,347,500
Median Sold Price/Sq.Ft.
$1,302
Total Inventory
198
Median Sale to List Price %
94.09%
Avg Days on Market
81
Loan Type
Conventional (25%), FHA (0%), VA (4.17%), Cash (41.67%), Other (29.17%)

Thinking of Selling?

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Thinking of Selling?
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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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