Sandcastle is a unique investment opportunity consisting of (11) apartment units and (1) commercial unit walking distance from iconic beaches in Laguna Beach, such as, Crescent Bay, Shaw's Cove and Fisherman's Cove. This marks the first time the property has been offered on the open market. Current ownership has invested over $1,600,000 in capital improvements, including extensive upgrades completed on property systems, interiors and exteriors. The property is located within the Laguna Beach Short Term Lodging Distract, with that a new investor may be able to obtain up to two short-term rental permits.
8,992 Sq Ft
7,840 Sq Ft Exterior Space
Investment
Built in 1969
MLS/Listing ID 25536285
3 Stories
12 Units
Listing Courtesy of CB RICHARD ELLIS, INC., MICHAEL O'NEILL II - 949-809-3615
Source of Data: THE MLS