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510 Glenneyre St, Laguna Beach, CA 92651
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510 Glenneyre St Laguna Beach, CA 92651

$5,495,000
  • 8 Beds
  • 8 Baths
  • 5,038 Sq.Ft.
For Sale
$5,495,000 Get Pre-Qualified
Map preview of 510 Glenneyre St, Laguna Beach, CA 92651

Property Overview: 510 Glenneyre St Laguna Beach, CA has 8 bedrooms, 8 bathrooms, 5,038 living square feet and 5,663 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: Investors and savvy buyers, seize this rare chance to own a remarkable income-producing gem! Nestled in a sought-after location, this meticulously maintained 8-unit property presents an exceptional opportunity to secure your financial future. Situated in the heart of Laguna Beach, this property enjoys convenient access to the beach, shopping centers, and restaurants. Property has a total of 8 units. One unit is two bedroom. six of the units are one bedroom. and one of the units is a studio. Property maintenance is up to date and each unit get remodeled each time a tenant has moved out. Short Term Rental is allowed on one of the units by city of laguna beach. Permit would have to be acquired. Ask for more details

Listed by Vicken Tasmajian | BRE #01950844 | Beverly and Company, Inc.
Last checked: 12 minutes ago | Last updated: November 25th, 2023 | Source CRMLS | DOM: 236
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Home details

Lot Sq. Ft
5,663
HOA Dues
$0/mo
Year built
1953
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
P1-14654
City
Laguna Beach
County
Orange
Time on Site
262 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: 1
  • # of Electric Meters: 0
  • # of Gas Meters: 0
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: --
  • # of Beds: 1
  • # of Baths: 1
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 2
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $4,500
  • Pro Forma/Market Rent: $4,500
Unit Breakdown 3
  • # of Units: --
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $2,271
  • Total Rent: $2,271
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 4
  • # of Units: --
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $2,484
  • Total Rent: $2,484
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 5
  • # of Units: --
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $2,425
  • Total Rent: $2,425
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 6
  • # of Units: --
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $2,019
  • Total Rent: $2,019
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 7
  • # of Units: --
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $2,273
  • Total Rent: $2,273
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 8
  • # of Units: --
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $2,275
  • Total Rent: $2,275
  • Pro Forma/Market Rent: $2,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $255,444
  • Net Operating Income: $154,798
  • Gross Operating Income: --
  • # of Rented Garages: 4
Annual Expense Breakdown
  • Total Operating Expense: $100,646
  • New Taxes: $73,687
  • Trash: $1,400
  • Gardener: $3,200
  • Insurance: $5,134
  • Maintenance: $5,875
  • Professional Management: $12,750

Open Houses for 510 Glenneyre St

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Property Details for 510 Glenneyre St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Kitchen Information
  • No Appliances
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • No Fence
  • None
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Attached Carport
Lot Information
  • Lot Features: Sprinklers None
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Parcel Number: 64401205
  • Year Built Source: Appraiser
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Not Applicable
  • Directions: glenneyre st
Neighborhood Information
  • Community Features: Street Lights, Watersports, Sidewalks
View more facts & features

Local Laguna Beach Agent

Sale History for 510 Glenneyre St

Last sold for $4,500,000 on July 15th, 2022

  • August, 2023

  • Aug 8, 2023

    Date

    Active

    CRMLS: P1-14654

    $5,895,000

    Price

  • June, 2023

  • Jun 1, 2023

    Date

    Expired

    CRMLS: OC22234062

    $5,595,000

    Price

  • Nov 9, 2022

    Date

    Active

    CRMLS: OC22234062

    $5,595,000

    Price

  • Listing provided courtesy of CRMLS

    Rare opportunity!! Excellent location downtown Laguna Beach amidst Michelin Star restaurants, boutique shopping and art galleries. Surrounded by world class hotels and beaches. Close proximity to famous festivals Pageant of the Masters and Sawdust Festival, great for summertime and holiday entertainment. Strong Orange County Coastal Rental Market with high occupancy and rarely and vacancies of meaningful length. There are 2 laundromats/dry cleaners on the same block with one adjacent to the building. Plumbing was recently completely updated and a newer roof replacement. The units are thoroughly inspected and refurbished as needed each time a tenant moves out so there is no "deferred" maintenance.

  • July, 2022

  • Jul 15, 2022

    Date

    Sold

    CRMLS: OC22097535

    $4,500,000

    Price

  • May 11, 2022

    Date

    Active

    CRMLS: OC22097535

    $4,600,000

    Price

  • Listing provided courtesy of CRMLS

    Amazing investment opportunity in downtown Laguna Beach. This property is in excellent condition and has been professionally managed for years. Walk to the beach, walk to downtown. There is a two bedroom "owner's unit" plus six one bedroom units and a studio. These units are in high demand and never have a vacancy of any meaningful length. Plumbing has been completely updated. Roof has been recently replaced. The property has been in the same family for decades and they have taken very good care of it. but now they have decided it is time to sell. Up to date financials are available with a successful offer as well as copies of all existing leases. All leases are for one year terms and they expire at various times throughout the year. The units are thoroughly inspected and refurbished as needed each time a tenant moves out so there is no "deferred" maintenance.

  • February, 2019

  • Feb 5, 2019

    Date

    Leased

    CRMLS: OC19008622

    $1,800

    Price

  • Jan 11, 2019

    Date

    Active

    CRMLS: OC19008622

    $1,800

    Price

  • Listing provided courtesy of CRMLS

    Newly remodeled 1 bedroom 1 bath apartment in lovely Laguna Beach. New carpet throughout. Large kitchen with new counters, cabinets, and fixtures. Includes fridge and all utilities. Spacious bedroom and living area open up with double sliding doors for a very open floor plan. Multiple closets offer plenty of storage. Only steps away from world famous Laguna Beach with all the arts and culture the city has to offer. Great location close to lots of shopping, dining, and entertainment. Easy access to PCH and the 133. Very close to local public laundry. Street parking only. All utilities included. No pets allowed.

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Tax History for 510 Glenneyre St

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

510 Glenneyre St is listed 29.29% 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 $1,735 and this home is listed at $1090.71 per/sqft which puts the price per square foot 37.13% lower than the median price per square foot for the city of Laguna Beach.

About 510 Glenneyre St

Detailed summary of property

510 Glenneyre St is a multi family located in Laguna Beach, CA 92651 and is currently for sale. This multi family property offers 8 bedrooms, 8 bathrooms, roughly 5,038 living square feet, and sits on an approximately 5,663 square foot lot. 510 Glenneyre St was first listed on ArdentRealEstateGroup.com on August 8, 2023. The homeowner is currently asking $5,495,000 and was originally asking $5,895,000. The median priced home in Laguna Beach is $4,250,000 with a median price per square foot of $1,735. Based on Ardent Real Estate Group's Laguna Beach Market Data, this home is listed 29.29% higher than the median priced home. Local competing homes currently for sale include 4015 Marcus Ave, 4015 Marcus Ave and 4800 Seashore Dr. While the average home in Laguna Beach, CA is selling in 104 days, 510 Glenneyre St has a days on market of 236 days. There are currently 159 homes for sale in the Laguna Beach real estate market and 139 of them are single family homes while 19 of them are condos and 1 are townhomes. For more information on this home for sale at 510 Glenneyre St 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 510 Glenneyre St

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.
$1,806
Median Sold Price
$2,750,000
Median Sold Price/Sq.Ft.
$1,833
Total Inventory
162
Median Sale to List Price %
85.94%
Avg Days on Market
70
Loan Type
Conventional (18.18%), FHA (0%), VA (0%), Cash (40.91%), Other (31.82%)

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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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