Listed by Morgan Skenderian Investment Real Estate Group, Compass
$5,950,000
2101 Glenneyre
Details
APN 64428303
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,323
Units 7
Cap Rate 3.98%
NOI $236,881
Pro-Forma Cap Rate 4.42%
Pro-Forma NOI $263,280
Price per SqFt $941
Broker Co-Op Yes
Year Built 1972
Buildings 3
Stories 2
Acreage 0.332
Zoning Assessor
Parking Spaces 7 spaces
Parking Per SqFt 1.11
Ground Lease No
Multifamily | 7 Units | $850,000/unit
Marketing description
Located in the highly desirable Woods Cove neighborhood of Laguna Beach, this 7-unit apartment complex offers an exceptional coastal living experience just moments from Woods Cove Beach, with easy access to swimming, snorkeling, tide pools, and scenic shoreline walks. Positioned on a large 14,480 square foot lot, the 5-unit structure was designed by renowned architect Chris Abel and built in 1972 along side two 1923 single story cottages, blending timeless coastal architecture with modern upgrades. The property features a diverse unit mix of studios, 1, 2, and 3-bedroom residences, with most units highly renovated, offering ocean views, washer/dryer hookups, and private patios or balconies that capture ocean breezes and natural light. Residents enjoy close proximity to Downtown Laguna Beach, boutique shopping, cafs, fine dining, art galleries, entertainment, and the citys vibrant cultural scene, with convenient access to the Laguna Beach trolley, coastal trails, parks, and Pacific Coast Highway, delivering a rare combination of privacy, walkability, and quintessential Southern California beach lifestyle.
Investment highlights
Sweeping Ocean Views from the Majority of Units
Chris Abel Designed Complex with 2 Vintage Cottages
Approved for the Addition of an ADU
Majority of Interiors Renovated
Incredible Woods Cove Location - Short Walk to the Beach, Retail Shops, Restaurants, Galleries, Etc.
Perfect for Owner User
Listing Contacts
Listed by Morgan Skenderian Investment Real Estate Group, Compass
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$236,881.00
$19,740.08/mo
Valuation Metrics
0
DSCR
3.98%
Cap Rate
3.98%
ROI
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