172 Wave Street

Laguna Beach, CA 92651

$2,272,888
Last Sold Price
6
Beds
4
Baths
2,623 Sq. Ft.
$867 / Sq. Ft.
2,623
Sq. Ft.
$867
per Sq. Ft.

Description

170 - 176 Wave Street in North Laguna Beach is a four unit residential income property located on the beach side of Pacific Coast Highway, The property is comprised of two, two bedroom and one bath units, one, one bedroom and one bath unit and one studio unit with one bath (the studio unit is considered a bootleg unit). The units are vintage Laguna cottages conveniently located down the street from Shaw's Cove and to downtown Laguna Beach with all of its finest shops and restaurants.170 - 176 Wave Street in North Laguna Beach is a four unit residential income property located on the beach side of Pacific Coast Highway, The property is comprised of two, two bedroom and one bath units, one, one bedroom and one bath unit and one studio unit with one bath (the studio unit is considered a bootleg unit). The units are vintage Laguna cottages conveniently located down the street from Shaw's Cove and to downtown Laguna Beach with all of its finest shops and restaurants.

Listing Agent

  1. Harold Noriega

    Harold Noriega

    Listing Agent

    Compass

    DRE #01494239

Property Details for 172 Wave Street

Parking Spaces Total
2
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Owner
Living Area
2623
Assessor Parcel Number
053-154-09
Property Attached YN
true

Location

Listing Courtesy of Compass, Harold Noriega, DRE #01494239

Sold By Team Forss Realty Group, Gregory Michaels, DRE #02110606

Add your commute
LISTING UPDATED: 06/04/2021 11:16 AM

Property Details for 172 Wave Street

StatusClosed
MLS #LG21069745
Days on Market10
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1937
Lot Size0.13 AC / 5,576 SF
CountyOrange County

Location

Listing Courtesy of Compass, Harold Noriega, DRE #01494239

Sold By Team Forss Realty Group, Gregory Michaels, DRE #02110606

Add your commute

Building Information for 172 Wave Street

Stories-Residences-Year Built1937Building Size-Lot Size0.13 AC / 5,576 SF

Payment Calculator

$14,638 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,404

Property Taxes

$2,234

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 172 Wave Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $97,680
  • Gross Scheduled Income: $97,680
  • Net Operating Income: $65,994
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $31,686
  • New Taxes Expense: $20,322
  • Fuel Expense: $756
  • Electric Expense: $792
  • Insurance Expense: $3,720
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $31,686
Tax / Assessment Info
  • Tax Tract Number: 481
  • Tax Lot: 11
Community / Development
Community / Development
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community, Dryer Included, Individual Room, Washer Included
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Level with Street
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: North Laguna
  • Builders Tract Code: North Laguna (NL)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,290
  • Unit Type Total Rent: $2,290
  • Unit Type Pro Forma: 27480
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,400
  • Unit Type Total Rent: $2,400
  • Unit Type Pro Forma: 28800
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,300
  • Unit Type Total Rent: $2,300
  • Unit Type Pro Forma: 27600
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,150
  • Unit Type Total Rent: $1,150
  • Unit Type Pro Forma: 13800
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 0
  • Number Of Separate Gas Meters: 0
  • Number Of Separate Water Meters: 0

Property History for 172 Wave Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 172 Wave Street

Taxable ValueLand$2,080,800Additions$284,029Total$2,364,829
Tax Record2023$26,811 ($2,234 / month)
Home Facts
Total Finished SqFt1,392 SqFtAbove Grade Finished SqFt1,392 SqFtLot Size5,625 SqFtStyleMulti-Family Dwelling (2-4)Year Built1937CountyORANGEAPN053-154-09

Schools near 172 Wave Street

This home is within Laguna Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
El Morro Elementary School
PublicK to 5

Thurston Middle School
Public6 to 8

Laguna Beach High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Harold Noriega, DRE #01494239

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.