366 Y Pl, Laguna Beach, CA 92651

Property Description

These beautiful units are located in Laguna Beach downtown village !! Walk to beaches, stores, restaurants, banks, transportation and art festivals! These units are under utilized for the neighborhood according to local architect. Many homeowners have chosen to convert units to condos and many new changes going on nearby that will only continue to escalate the value and the rents. The building has so many features with room for 6 cars, a coin operated washer and dryer, 4 separate electric meters, 3 gas meters. All of the windows have been replaced with new energy efficient double pane protection. Carports were converted into garages for added security and privacy. All units come with refrigerators. Two of the units have beautiful wood like flooring and some of them even show a peek ocean view from their balconies. Two of the units have private back patios. This is a legal triplex with the 4th unit permitted as a workout room. All plumbing permits were taken out for the 4th Unit (workout room) which has a new shower and cabinets. This unit provides additional income , same tenant for the last 7 years. All water heaters are new. Roof has been certified for 5 to 7 years, new patio awnings in two units, all electrical has been upgraded throughout the building within the last two weeks. All the tenants would like to stay and are on month to month. Seller may also carry a large 2nd.