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2442 S Coast Laguna Beach, CA 92651

$9,500,000

16 Beds
16 Baths
9,336 Sq.Ft.

For Sale

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Map preview of 2442 S Coast, Laguna Beach, CA 92651

Property Overview: 2442 S Coast Laguna Beach, CA has 16 bedrooms, 16 bathrooms, 9,336 living square feet and 8,988 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 2442 Laguna is a rare fully renovated 8-unit, three-story, ocean view oriented apartment community built in 1964. Located in the city of Laguna Beach, California, situated on .222 acres of land, this property contains one building constructed of wood frame, and stucco with stone accents. The roof system is flat built up. 2442 Laguna is comprised of a majority two-bedroom / two-bathroom units, with an average unit size of 1,124 sf. 2442 Laguna features panoramic ocean and Catalina Island views which enrich every residence—each offering its own unique character through an array of chic features that vary by unit. Recent DRE Approval - Active TIC (Tenant in Common Ownership Structure), which could allow for individual sale of units. Open floorplans showcase large balconies or expansive rooftop decks, hardwood flooring in a variety of colors, contemporary fireplaces, new windows and glass doors, water- and energy-saving washer and dryer sets, jetted bathtubs, walk-in closets, Noritz instant hot water systems, and state-of-the-art wiring for full HDTV, surround sound, home automation and security systems. Each unit is centered around a modern chef’s kitchen with island, a variety of solid-surface and stone countertops, Wolf ranges and hoods, Sub-Zero refrigerators, Bosch dishwashers, and sleek new cabinetry. Residents will enjoy easy access to stunningly beautiful beaches and coves, a broad spectrum of restaurants and shops, Laguna’s popular Main Beach, Aliso Beach, parks, hiking trails, and luxe hotels, including Montage Resort & Spa.

Listed by Peter Hauser | BRE #00856966 | NorthMarq Realty Services, Inc

Last checked: 14 minutes ago | Last updated: April 29th, 2024 | Source CRMLS | DOM: 92

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Home details

Lot Sq. Ft: 8,988
HOA Dues: $0/mo
Year built: 1964
Garage: 4 Car
Property Type:: Apartment

Status: Active
MLS#: OC24024333
City: Laguna Beach
County: Orange
Time on Site: 92 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 8
Total # of Buildings: 1
# of Electric Meters: 8
# of Gas Meters: 8
# of Water Meters: 8

Unit Breakdown 1

# of Units: 8
# of Beds: 2
# of Baths: 2
Garage Spaces: 4
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $474,396
Total Rent: $474,396
Pro Forma/Market Rent: $587,400

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $474,396
Net Operating Income: $322,179
Gross Operating Income: --
Vacancy Allowance: $14,232

Annual Expense Breakdown

Total Operating Expense: $137,985
Electric: $0
Gas/Fuel: $8,652
Trash: $0
Insurance: $6,500
Professional Management: $9,203
Water/Sewer: $0

Open Houses for 2442 S Coast

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Property Details for 2442 S Coast

Interior Features

Laundry Information

Has Laundry
Dryer Included, Washer Included

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 4
# of Parking Spaces: 10

Lot Information

Lot Features: Bluff
Lot Size Source: Assessor
Common Interest: Community Apartment

Property Information

Common Walls: 2+ Common Walls
Total # of Units: 8
Parcel Number: 65611305
Year Built Source: Assessor
Entry Level: 1
Property is Attached
Property Condition: Turnkey

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Subdivision Name: Upper Victoria Beach (UVB)
Directions: Located directly off of South Coast Highway with tenant access off of Arch Street

Neighborhood Information

Community Features: Biking, Watersports

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Local Laguna Beach Agent

Sale History for 2442 S Coast

Last leased for $5,500 on December 20th, 2022

February, 2024
Feb 2, 2024

Date

Active

CRMLS: OC24024333

$9,500,000

Price
January, 2024
Jan 1, 2024

Date

Expired

CRMLS: OC22241500

$9,500,000

Price
Nov 14, 2022

Date

Active

CRMLS: OC22241500

$9,800,000

Price
Listing provided courtesy of CRMLS

2442 Laguna is a rare fully renovated 8-unit, three-story, ocean view oriented apartment community built in 1964. Located in the city of Laguna Beach, California, situated on .222 acres of land, this property contains one building constructed of wood frame, and stucco with stone accents. The roof system is flat built up. 2442 Laguna is comprised of a majority two-bedroom / two-bathroom units, with an average unit size of 1,124 sf. 2442 Laguna features panoramic ocean and Catalina Island views which enrich every residence—each offering its own unique character through an array of chic features that vary by unit. Open floorplans showcase large balconies or expansive rooftop decks, hardwood flooring in a variety of colors, contemporary fireplaces, new windows and glass doors, water- and energy-saving washer and dryer sets, jetted bathtubs, walk-in closets, Noritz instant hot water systems, and state-of-the-art wiring for full HDTV, surround sound, home automation and security systems. Each unit is centered around a modern chef’s kitchen with island, a variety of solid-surface and stone countertops, Wolf ranges and hoods, Sub-Zero refrigerators, Bosch dishwashers, and sleek new cabinetry. Residents will enjoy easy access to stunningly beautiful beaches and coves, a broad spectrum of restaurants and shops, Laguna’s popular Main Beach, Aliso Beach, parks, hiking trails, and luxe hotels, including Montage Resort & Spa.

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December, 2022
Dec 20, 2022

Date

Leased

CRMLS: OC22236447

$5,500

Price
Nov 4, 2022

Date

Active

CRMLS: OC22236447

$5,500

Price
Listing provided courtesy of CRMLS

Completely remodeled residences centrally located in the beautiful Laguna Beach featuring open floor plans, panoramic ocean views, oversized balconies, inviting fireplaces, rooftop decks, designer appliances including Wolf ranges and hoods, Subzero refrigerators and Bosch dishwashers, quartz counter tops, kitchen islands, wired for surround sound system, wired for HDMI full HDTV, wired home automation system, wired for alarm security, hardwood flooring, washer and dryer, jetted bathtubs and Noritz Instant Water Heater System. Offered furnished or unfurnished. Renter responsible for all utilities. Please call to discuss pets. Unit includes one assigned parking spot and open street parking. Offering 1 month free rent for Holiday move-ins during November / December.

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Tax History for 2442 S 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

2442 S Coast is listed 123.53% higher than the median list price for the city of Laguna Beach which has a median list price of $4,250,000. The median price per/sqft for Laguna Beach is $1,806 and this home is listed at $1017.57 per/sqft which puts the price per square foot 43.66% lower than the median price per square foot for the city of Laguna Beach.

About 2442 S Coast

Detailed summary of property

2442 S Coast is a apartment located in Laguna Beach, CA 92651 and is currently for sale. This apartment offers 16 bedrooms, 16 bathrooms, roughly 9,336 living square feet, and sits on an approximately 8,988 square foot lot. 2442 S Coast was first listed on ArdentRealEstateGroup.com on February 2, 2024. The homeowner is currently asking $9,500,000. The median priced home in Laguna Beach is $4,250,000 with a median price per square foot of $1,806. Based on Ardent Real Estate Group's Laguna Beach Market Data, this home is listed 123.53% higher than the median priced home. Local competing homes currently for sale include 846 N Alta Vista Blvd, 1429 S Bedford St and 1633 N Laurel Ave. While the average home in Laguna Beach, CA is selling in 94 days, 2442 S Coast has a days on market of 92 days. There are currently 161 homes for sale in the Laguna Beach real estate market and 141 of them are single family homes while 20 of them are condos and 0 are townhomes. For more information on this home for sale at 2442 S 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 2442 S 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.

$1,759

Median Sold Price

$3,330,000

Median Sold Price/Sq.Ft.

$1,531

Total Inventory

162

Median Sale to List Price %

95.28%

Avg Days on Market

Loan Type

Conventional (24.14%), FHA (0%), VA (0%), Cash (48.28%), Other (27.59%)

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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.