About 510 Glenneyre Street
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 of it. but now they have decided it is time to sell. Up to date financials are available with a successful offer as well as copies of all existing leases. All leases are for one year terms and they expire at various times throughout the year. The units are thoroughly inspected and refurbished as needed each time a tenant moves out so there is no "deferred" maintenance.
Features of 510 Glenneyre Street
| MLS® # | OC22097535 |
|---|---|
| Price | $4,600,000 |
| Bathrooms | 0.00 |
| Acres | 0.13 |
| Year Built | 1953 |
| Type | Residential Income |
| Status | Active Under Contract |
Community Information
| Address | 510 Glenneyre Street |
|---|---|
| Area | LV - Laguna Village |
| Subdivision | The Village (VIL) |
| City | Laguna Beach |
| County | Orange |
| State | CA |
| Zip Code | 92651 |
Amenities
| Utilities | Cable Connected, Electricity Connected, Sewer Connected, Water Connected |
|---|---|
| Parking Spaces | 4 |
| Parking | Assigned, Carport |
| Garages | Assigned, Carport |
| View | None |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Cooling | None |
|---|---|
| Has Basement | No |
| Fireplace | Yes |
| Fireplaces | None |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Lot Description | Landscaped |
|---|---|
| Roof | Composition |
Additional Information
| Date Listed | May 11th, 2022 |
|---|---|
| Days on Market | 11 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 0.00 |
Listing Details
| Agent | Doug Graham |
|---|---|
| Office | The Silver Group |