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31674 Coast, Laguna Beach, CA 92651
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31674 Coast Laguna Beach, CA 92651

$2,900,000 Sold Price as of 09/16/2021
  • 4 Beds
  • 4 Baths
  • 3,870 Sq.Ft.
Sold
$2,900,000 Sold Price as of 09/16/2021 Refinance Your Mortgage
Map preview of 31674 Coast, Laguna Beach, CA 92651

Property Overview: 31674 Coast Laguna Beach, CA has 4 bedrooms, 4 bathrooms, 3,870 living square feet and 3,250 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This is a well maintained mixed-use investment property located on the iconic Pacific Coast Highway in South Laguna Village. Rare mixed-use apartment/retail property containing (6) total units. The mix of units consist of (1) Studio, (2) 1BR/1BA,(1) 2BR/1BA and (2) retail stores. Quality tenants in place as both the nail salon and the tailoring & Design business have more than 15 years in this location; and the apartments tenants truly love this as their home. This property now utilizes a resident-utility-billback-system as the landlord has no utility costs. Adjacent to the property are coveted Table Rock & 1,000 Steps Beaches, known for dramatic rock formations and stunning views; Vacationers and local beach goers are driven to this area throughout the year. With stabilized rents and updated interiors, a new owner can rely on reliable income and phenomenal historical appreciation.

Listed by Michael Sacks | BRE #01945984 | Coldwell Banker Realty
Last checked: 15 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 100

Home details

Lot Sq. Ft
3,250
HOA Dues
$0/mo
Year built
1935
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
PW21061396
City
Laguna Beach
County
Orange
Time on Site
1153 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
  • # of Leased Units: 6
  • # of Electric Meters: 3
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,600
  • Total Rent: $2,600
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,600
  • Total Rent: $2,600
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,090
  • Total Rent: $2,090
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,500
  • Total Rent: $2,500
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,800
  • Total Rent: $2,800
  • Pro Forma/Market Rent: $3,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4%
  • Gross Rent Multiplier: 17.45
  • Gross Scheduled Income: $169,080
  • Net Operating Income: $116,676
  • Gross Operating Income: $164,008
  • Vacancy Allowance: $5,072
Annual Expense Breakdown
  • Total Operating Expense: $47,331
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $33,862
  • Trash: $0
  • Cable TV: $0
  • Gardener: $1,800
  • Insurance: $2,372
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 31674 Coast

Interior Features
Laundry Information
  • Has Laundry
  • Inside, See Remarks
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Seller
  • Common Interest: None
Property Information
  • Has View
  • View: Coastline, Ocean
  • Common Walls: No Common Walls
  • Total # of Units: 6
  • Parcel Number: 05610105
  • Year Built Source: Seller
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: On Pacific Coast Highway just north of 3rd Avenue
Neighborhood Information
  • Community Features: Curbs, Hiking, Watersports, Sidewalks, Storm Drains
View more facts & features

Local Laguna Beach Agent

Sale History for 31674 Coast

Last sold for $2,900,000 on September 16th, 2021

  • September, 2021

  • Sep 16, 2021

    Date

    Sold

    CRMLS: PW21061396

    $2,900,000

    Price

  • Aug 18, 2021

    Date

    Pending

    CRMLS: PW21061396

    $2,950,000

    Price

  • Jul 8, 2021

    Date

    Active Under Contract

    CRMLS: PW21061396

    $2,950,000

    Price

  • Jun 15, 2021

    Date

    Price Change

    CRMLS: PW21061396

    $2,950,000

    Price

  • Mar 29, 2021

    Date

    Active

    CRMLS: PW21061396

    $2,999,000

    Price

  • Mar 24, 2021

    Date

    Coming Soon

    CRMLS: PW21061396

    $2,999,000

    Price

Tax History for 31674 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

31674 Coast sold on September 16, 2021 for 11.41% lower than the current median sold price for the city of Laguna Beach which is $3,330,000. The median sold price per/sqft for Laguna Beach is $1,531 and this home is sold at $762.27 per/sqft which puts the price per square foot 50.21% lower than the current median sale per square foot for the city of Laguna Beach.

About 31674 Coast

Detailed summary of property

31674 Coast is a multi family that recently sold in Laguna Beach, CA 92651. This multi family property offered 4 bedrooms, 4 bathrooms, roughly 3,870 living square feet, and sits on an approximately 3,250 square foot lot. 31674 Coast was first listed on ArdentRealEstateGroup.com on March 24, 2021. The homeowner sold the property for $2,900,000. Home in Laguna Beach are selling for a median price of $3,330,000 and a median price per square foot of $1,531. Based on Ardent Real Estate Group's Laguna Beach Market Data, this home is sold 11.41% lower than the current median priced home. Local homes that are currently for sale include 280 E 16th St., 1947 Fullerton Ave and 210 41st St. While the average home in Laguna Beach, CA is selling in 91 days, 31674 Coast has a days on market of 100 days. There are currently 168 homes for sale in the Laguna Beach real estate market and 151 of them are single family homes while 17 of them are condos and 0 are townhomes. For more information on this home for sale at 31674 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 31674 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.
$1,805
Median Sold Price
$3,330,000
Median Sold Price/Sq.Ft.
$1,531
Total Inventory
167
Median Sale to List Price %
95.28%
Avg Days on Market
52
Loan Type
Conventional (24.14%), FHA (0%), VA (0%), Cash (48.28%), Other (27.59%)

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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