304 Myrtle Street

Laguna Beach, CA 92651

$4,995,000
Price
3
Beds
6
Baths
3,135 Sq. Ft.
$1,593 / Sq. Ft.
3,135
Sq. Ft.
$1,593
per Sq. Ft.

Description

Offered for the first time in over 80 years, this extremely rare, iconic Spanish-Revival property epitomizes the classic "native" California architecture and style. Located on a prime corner in North Laguna Beach, the most desirable part of town, within blocks of world-famous beaches, art galleries, restaurants and other nearby attractions. Offering an eclectic mix of one two-bedroom unit, four one-bedroom units, one studio, three one-car garages and a dedicated laundry room, there is an endless...Offered for the first time in over 80 years, this extremely rare, iconic Spanish-Revival property epitomizes the classic "native" California architecture and style. Located on a prime corner in North Laguna Beach, the most desirable part of town, within blocks of world-famous beaches, art galleries, restaurants and other nearby attractions. Offering an eclectic mix of one two-bedroom unit, four one-bedroom units, one studio, three one-car garages and a dedicated laundry room, there is an endless demand for quality rental properties in Laguna Beach with an unusually high ceiling for rents - especially this close to the water. Towering 100+ year-old palm trees sway in the ocean-breeze surrounding this trophy property. This is a unique investment property, the likes of which may not be appear again for a very long time.
  1. Listed by David Csira • DRE #01491451 • Brokerage DRE #01909796 • Cove Canyon Realty • 949-500-3283
  2. Listed by Josephine Torbensen • DRE #02205761 • Brokerage DRE #01909796 • Laguna Beach Properties

Property Details for 304 Myrtle Street

Architectural Style
Spanish
View
Peek-A-Boo
Parking Spaces Total
3
Private Pool
No
Cooling Type
None
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor

Location

Listing Courtesy of Cove Canyon Realty, David Csira, DRE #01491451; Laguna Beach Properties, Josephine Torbensen, DRE #02205761
Add your commute
LISTING UPDATED: 04/10/2024 08:08 AM

Property Details for 304 Myrtle Street

StatusActive
MLS #LG24070119
Days on Market20
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1942
Lot Size0.15 AC / 6,329 SF
CountyOrange County

Location

Listing Courtesy of Cove Canyon Realty, David Csira, DRE #01491451; Laguna Beach Properties, Josephine Torbensen, DRE #02205761
Add your commute

Building Information for 304 Myrtle Street

Stories2Residences-Year Built1942Building Size-Lot Size0.15 AC / 6,329 SF

Payment Calculator

$27,763 per month

30 year fixed, 7.25% Interest

Principal and Interest

$27,260

Property Taxes

$503

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 304 Myrtle Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $145,740
  • Gross Scheduled Income: $145,740
  • Vacancy Allowance: 1250
  • Net Operating Income: $126,539
  • Laundry Income: $1,200
Expense Details
  • Operating Expense: $19,201
  • Operating Expense Percent: 12.00%
  • Gardener Expense: $1,800
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $4,000
  • Maintenance Expense: $1,500
  • Professional Management Expense: $10,201
  • Trash Expense: $0
  • Water Sewer Expense: $1,400
  • Total Expenses: $19,201
Tax / Assessment Info
  • Tax Block: 30
  • Tax Tract Number: 413
  • Tax Census Tract: 626.05
  • Tax Lot: 1
Community / Development
Community / Development
  • Accessibility Features: None
  • Disability Access: None
  • Assessments YN: Yes
  • Assessments: Special Assessments, Sewer Assessments
  • Community Features: Curbs, Gutters, Storm Drains, Street Lights, Suburban
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Gas & Electric Range, Water Heater
  • Equipment: Dishwasher, Laundry Area
  • Interior Features: High Ceilings
  • Laundry: Yes
  • Laundry Features: Common Area
  • Laundry Equipment Own Lease: Lease
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Combination
  • Heating: Combination
  • Flooring: Tile, Wood
Exterior Features
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Roof: Spanish Tile
  • Entry Location: 1
  • Fence: No
  • Fence: None
  • Fencing: None
  • Foundation Details: Slab
  • View Description: Peek-A-Boo
  • Pool Features: None
  • Pool Description: None
  • Spa Features: None
Land/Lot Info
  • Lot Features: Corner Lot
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Sewer Paid
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 3
  • Parking: Yes
  • Parking Garage: Garage - 3 Car
  • Parking Garage Spaces: 3
  • Carport Spaces: 0
  • Parking Features: Garage Faces Rear, Garage - Three Door
Property / Structure Info
  • Builders Tract Name: North Laguna
  • Builders Tract Code: North Laguna (NL)
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $8,335
  • Unit Type Total Rent: $8,335
  • Unit Type Pro Forma: 13252
  • 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: Yes
  • Unit Type Actual Rent: $2,740
  • Unit Type Total Rent: $2,740
  • Unit Type Pro Forma: 4471
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,070
  • Unit Type Total Rent: $1,070
  • Unit Type Pro Forma: 2243
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 6
  • Number With Range: 6
  • Number With Refrigerator: 6
  • Number With Disposal: 6

Property History for 304 Myrtle 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 304 Myrtle Street

Taxable ValueLand$94,213Additions$61,102Total$155,315
Tax Record2023$6,031 ($503 / month)
Home Facts
Total Finished SqFt1,660 SqFtAbove Grade Finished SqFt1,660 SqFtLot Size6,601 SqFtStyleMulti-Family Res (5+ Units)Year Built1942CountyORANGEAPN496-136-15

Schools near 304 Myrtle 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
Private - K to 3
Rating
School
Distance
El Morro Elementary School
PublicK to 5

Thurston Middle School
Public6 to 8

Laguna Beach High School
Public9 to 12

LEA Stone
PrivateK to 3

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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304 Myrtle Street is a mixed use property for sale in Laguna Beach, CA 92651. This property was listed for sale on March 31, 2024 by Cove Canyon Realty, it's currently listed at $4,995,000. This listing's school district is Laguna Beach Unified School District. Nearby schools include El Morro Elementary School, Thurston Middle School and Laguna Beach High School. 304 Myrtle Street is a 3-bed, 6-bath, 3,135 sqft mixed use property built in 1942.

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 Cove Canyon Realty, David Csira, DRE #01491451; Laguna Beach Properties, Josephine Torbensen, DRE #02205761

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.