400 Loma Terrace, Laguna Beach, CA 92651

$7,750,000
9,460
SqFt
List Price
$7,750,000
Price Change
▼ $1,150,000 1560223365
Status
ACTIVE
MLS#
OC19062648
Year Built
1965
Living Sq. Ft
9,460
Lot Size
16,552
Acres
0.38
Lot Location
Landscaped
Days on Market
89
Property Type
Multifamily
Property Sub Type
Apartment
Neighborhood
Main Beach (Bch)

Property Description

400 & 404 Loma Terrace is an 8-unit multifamily investment property located in Laguna Beach, one of the premier coastal housing markets in Southern California. As 400 & 404 Loma Terrace are located on two, adjacent parcels, the property can be purchased with long-term residential financing. The unique 9,460 square foot property consists of spacious two- and three-bedroom units with large private balconies and expansive ocean views. 400 & 404 Loma Terrace is situated in downtown Laguna Beach, which is home to a plethora of cultural, recreational, and culinary attractions. Tenants are within walking distance to world famous Main Beach and the annual Festival of Arts and Pageant of the Masters art exhibition as well as the numerous restaurants that line Pacific Coast Highway.

Additional Information

Tract Number
062632
Lot Description
Sidewalks, Street Lights
Pool Description
None
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Total Number of Units
8

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Tyler Leeson from Marcus & Millichap RE Invest

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.