Laguna Beach, CA 92651 304 Myrtle Street

$4,995,000

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Presented By: David Csira with Cove Canyon Realty; 949-500-3283

MLS# LG24070119
04/09/2024

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Beds • 6
Baths • 3
SQFT • 3,135
Garage • 3

Home Details

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.

Presented By: David Csira with Cove Canyon Realty; 949-500-3283

Interior Features for 304 Myrtle Street

Other Interior Features

Air Conditioning Y/NNo

Basement (Y/N)No

Common WallsItem2CommonWalls

Electric On Property Y/NNo

Fireplace FeaturesNone

Fireplace Y/NNo

FlooringTile, Wood

Heating Y/NYes

Laundry FeaturesCommonArea

Street SuffixStreet

Total Stories2

Other Rooms

Entry Level1

General for 304 Myrtle Street

AccessibilityNone

Additional Parcels Y/NNo

AppliancesDishwasher, ElectricRange, GasRange, WaterHeater

Architectural StyleSpanish

Attached Garage No

Building Area UnitsSquareFeet

Carport Y/NNo

CityLaguna Beach

Community FeaturesCurbs, Gutters, StormDrains, StreetLights, Suburban

Construction MaterialsStucco

CoolingNone

CountyOrange

Days on Market1

DirectionsPCH to Myrtle. At intersection of Myrtle and Cypress.

ElectricStandard

Electric Expense0.0

Entry Location1

Fuel Expense0.0

Garage Spaces3.0

Garage Y/NYes

Gross Income145740.0

HOA0.0

HOA / Comm AssnNo

HeatingCombination

Home Warranty Y/NNo

Insurance Expense4000.0

Interior FeaturesHighCeilings

Land Lease Y/NNo

Lease Considered Y/NNo

Lease Renewal Y/NNo

LevelsTwo

Listing TermsCash, CashtoNewLoan, Item1031Exchange

Lot Size Square Feet6329.0

MLS AreaNL - North Laguna

MaintenanceExpense1500.0

MobileHomeRemainsYNNo

Net Operating Income126539.0

New ConstructionNo

Operating Expense19201.0

Pool FeaturesNone

PossessionSeeRemarks

Private PoolNo

Property Attached Y/NYes

Property Sub Type AdditionalMixedUse

Property SubTypeMixedUse

Property TypeResidentialIncome

Rent Control Y/NNo

RoofSpanishTile

Senior Community Y/NNo

SewerSewerTapPaid

Spa FeaturesNone

Special Listing ConditionsStandard

Standard StatusActive

StatusActive

Stories2

Street NameMyrtle

Subdivision NameNorth Laguna (NL)

Tax Lot1

Tenant PaysElectricity, Gas

Total Units6

Trash Expense0.0

UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected

ViewPeekABoo

View Y/NYes

Water Sewer Expense1400.0

Waterfront Y/NNo

Year Built1942

Year Built SourceAssessor

Exterior for 304 Myrtle Street

Building Area Total3135.0

Crops Included Y/NNo

FencingNone

Foundation DetailsSlab

Horse Y/NNo

Irrigation Water Rights Y/NNo

Lot FeaturesCornerLot

Lot Size Acres0.1453

Lot Size Area6329.0

Lot Size SourceAssessor

Lot Size UnitsSquareFeet

Number of Buildings1

Number of Separate Electric Meters4

Number of Separate Gas Meters1

Number of Separate Water Meters1

Open Parking Y/NNo

Parking FeaturesDoorMulti, Garage, GarageFacesRear

SpaNo

Total Parking3.0

Water SourcePublic

Additional Details

Price History

First Team Client Services

Price $4,995,000

MLS#LG24070119

List Date 04/09/2024

Property Type Multi-Family

Phone 714.964.3311

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