2442 South Coast Highway
2442 South Coast Highway
Description
2442 Laguna features panoramic ocean and Catalina Island views which...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 • DRE #00856966 • Brokerage DRE #01858487 • NorthMarq Realty Services, Inc • 949-302-1400
Property Details for 2442 South Coast Highway
Location
Property Details for 2442 South Coast Highway
| Status | Active |
|---|---|
| MLS # | OC24024333 |
| Days on Market | 87 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1964 |
| County | Orange County |
Building
2442 S Coast Hwy
Location
Building Information for 2442 South Coast Highway
Payment Calculator
$59,800 per month
30 year fixed, 7.25% Interest
$51,845
$7,955
$0
Property Information for 2442 South Coast Highway
- Gross Income: $460,164
- Gross Scheduled Income: $474,396
- Vacancy Allowance: 14232
- Net Operating Income: $322,179
- Operating Expense: $137,985
- Fuel Expense: $8,652
- Electric Expense: $0
- Insurance Expense: $6,500
- Professional Management Expense: $9,203
- Trash Expense: $0
- Water Sewer Expense: $0
- Total Expenses: $137,985
- Tax Block: 19
- Tax Tract Number: 23
- Tax Census Tract: 626.20
- CFD/Mello-Roos Fee: $5,957
- Tax Lot: 6
- Community Features: Biking, Watersports
- Laundry: Yes
- Laundry Features: Dryer Included, Washer Included
- Entry Location: 1
- Property Condition: Turnkey
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Lot Features: Bluff
- Number Of Units: 8
- Land Lease: No
- Land Lease Type: Fee
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 4
- Uncovered Spaces: 6
- Open Other Spaces Total: 6
- Parking Garage Spaces: 4
- Carport Spaces: 0
- Builders Tract Name: Upper Victoria Beach
- Builders Tract Code: Upper Victoria Beach (UVB)
- Unit Type Units Total: 8
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 4
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $474,396
- Unit Type Total Rent: $474,396
- Unit Type Pro Forma: 587400
- Unit Type Type: 1
- Rent Controlled: No
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 8
- Number Of Separate Gas Meters: 8
- Number Of Separate Water Meters: 8
Property History for 2442 South Coast Highway
| Date | Event & Source | Price | Appreciation |
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| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2442 South Coast Highway
Schools near 2442 South Coast Highway
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Private - | K to 7 |
Rating | School | Distance |
|---|---|---|
El Morro Elementary School PublicK to 5 | ||
Thurston Middle School Public6 to 8 | ||
Laguna Beach High School Public9 to 12 | ||
St. Catherine Of Siena Parish School PrivateK to 7 |
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.
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Listing Courtesy of NorthMarq Realty Services, Inc, Peter Hauser, DRE #00856966
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.