510 Glenneyre Street

Laguna Beach, CA 92651

$4,600,000
Price
8
Beds
9
Baths
4,732 Sq. Ft.
$972 / Sq. Ft.
4,732
Sq. Ft.
$972
per Sq. Ft.

Description

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...

Property Details for 510 Glenneyre Street

View
None
Parking Spaces Total
4
Private Pool
No
Cooling Type
N/K

Location

Listing Courtesy of The Silver Group, Doug Graham, DRE #01127370
Add your commute
LISTING UPDATED: 05/15/2022 10:57 PM

Property Details for 510 Glenneyre Street

StatusActive Under Contract
MLS #OC22097535
Days on Market5
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1953
Lot Size0.13 AC / 5,663 SF
CountyOrange County

Listing Agent

Doug Graham

Doug Graham

The Silver Group

dgraham4homes@gmail.com

P: 949.300.2656

M: 949.300.2656

DRE #01127370

Contact Agent(s)

Location

Listing Courtesy of The Silver Group, Doug Graham, DRE #01127370
Add your commute

Building Information for 510 Glenneyre Street

Stories2Residences-Year Built1953Building Size-Lot Size0.13 AC / 5,663 SF

Payment Calculator

$17,929 per month

30 year fixed, 3.85% Interest

Principal and Interest

$17,252

Property Taxes

$677

HOA Dues

$0

Property Information for 510 Glenneyre Street

Property Features
    Interior Features
  • Common Walls: 2+ Common Walls
  • Fireplace: No
  • Fireplace Features: None
  • Laundry: No
  • Laundry Features: None
  • Levels: Two
  • Number of 3 Quarter Bathrooms: 0.0
  • Baths One Quarter: 0.0
  • Total Units: 8.0
    Exterior Features
  • Pool Features: None
  • Roof: Composition
  • Spa: No
  • Spa Features: None
    Parking Info
  • Carport Spaces: 4
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Features: Assigned, Carport
    Water Details
  • Water Source: Public
Property / Structure Info
    Property / Structure Info
  • New Construction: No
  • Property Attached YN: true
  • Parcel Number: 64401205
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Stories Total: 2
  • Year Built: 1953
  • Year Built Source: Assessor
    Measurements / Dimensions
  • Building Area Total: 4732
  • Building Area Units: Square Feet
  • Living Area: 4732
Community/Development / Location Info
    School/Location Info
  • Country: US
  • Directions: 500 Block of Glenneyre across the street from the public parking lot
  • Area: Laguna Village (LV)
    Association Information
  • Association: No
  • Community Features: Biking
  • Association Fee: $.00
  • Subdivision Name: The Village (VIL)
  • Subdivision Name Other: The Village (VIL)
  • Senior Community: No
Income / Expense / Tax / Assessment Details
    Tax / Assessment Info
  • Assessments: Special Assessments
  • Assessments YN: Yes
  • Current Financing: None
  • Tax Census Tract: 626.05
  • Tax Lot: 155
  • Tax Tract Number: 410
  • Tax Annual Amount: $8,128
  • Zoning: Assessor
    Income Details
  • Cap Rate: 3.0
  • Gross Income: $168,955
  • Gross Operating Income: $180,000
  • Gross Scheduled Income: $190,000
  • Net Operating Income: $138,000
  • Present Loans: $0
  • Vacancy Allowance: 10000
    Expense Details
  • Electric Expense: $6,000
  • Fuel Expense: $1,833
  • Insurance Expense: $5,134
  • Licenses Expense: $800
  • Maintenance Expense: $5,875
  • New Taxes Expense: $51,000
  • Operating Expense: $42,000
  • Other Expense: $3,600
  • Pest Control Expense: $600
  • Professional Management Expense: $11,000
  • Total Expenses: $88,953
  • Trash Expense: $192
  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
  • Water Sewer Expense: $2,519
  • Gardener Expense: $3,200
Unit Information
    Unit 1
  • Unit Type Actual Rent: $2,800
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Pro Forma: 3150
  • Unit Type Units Total: 1
  • Unit Type Total Rent: $2,950
  • Unit Type Type: 1
    Unit 2
  • Unit Type Actual Rent: $1,750
  • Unit Type Garage Spaces: 0
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Pro Forma: 1850
  • Unit Type Units Total: 1
  • Unit Type Total Rent: $1,750
  • Unit Type Type: 2
    Unit 3
  • Unit Type Actual Rent: $11,250
  • Unit Type Garage Spaces: 3
  • Unit Type Garage Attached: No
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Pro Forma: 13450
  • Unit Type Units Total: 6
  • Unit Type Total Rent: $11,250
  • Unit Type Type: 3
    Multi-Unit Info
  • Number Of Buildings: 1
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 0
  • Number Of Separate Gas Meters: 0
  • Number Of Separate Water Meters: 0
  • Average Studio Area Units: Square Feet
  • Average 1 Bed Area Units: Square Feet
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area: 500
  • Average 1 Bed Area: 600
  • Average 2 Bed Area: 900
Rental Info
    Rental Info
  • Rent Controlled: No
Land/Lot Info
    Land/Lot Info
  • Electric: Standard
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Acres: .13
  • Lot Size Dimensions: 114 x 44
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 5663
  • Lot Size Units: Square Feet
  • Sewer: Public Sewer

Property History for 510 Glenneyre 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 510 Glenneyre Street

Taxable ValueLand$130,657Additions$147,963Total$278,620
Tax Record2021$8,128 ($677 / month)
Home Facts
Total Finished SqFt5,038 SqFtAbove Grade Finished SqFt5,038 SqFtStories2Lot Size5,685 SqFtStyleMulti-Family Dwelling (2-4)Year Built1953CountyORANGEAPN644-012-05

Schools near 510 Glenneyre Street


SchoolTypeGradesDistanceRating
Anneliese SchoolsPrivateK-30.3 mi
NR
Laguna Beach HighPublic9-120.3 mi
9
Thurston MiddlePublic6-81.1 mi
9
El Morro ElementaryPublicK-53.0 mi
9

Anneliese Schools

K-3, 0.3 mi, Private

NR

Laguna Beach High

9-12, 0.3 mi, Public

9

Thurston Middle

6-8, 1.1 mi, Public

9

El Morro Elementary

K-5, 3.0 mi, Public

9

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 The Silver Group, Doug Graham, DRE #01127370

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association 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 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.