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    240 Jasmine Street

    Laguna Beach, CA 92651
    • $1,945,000
    • STATUS: Active
    • ON SITE: 191 days
    • ID#: OC21048815
    $1,945,000
    • 0
      BEDS
    • 0.07
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,365
      SQFT
    • $1,425
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1925
    County:

    School Ratings & Info

    Description

    North Laguna Beach Hidden Gem! This ocean view beach property is located just one block east of the most sought after Heisler park and Main Beach. This trophy and turnkey property was remodeled with unique and high-end finishes to offer great lifestyle. This classy two-story duplex consists of 2, one bed & one bath beach villas with full kitchen facilities in each villa (Upper and Lower Units). This duplex property offers a very large secluded and private court yard and a large ocean view deck. Further, villas come with a separate laundry facility, an office/ artist studio with a mezzanine storage, an additional storage, one car garage and one or two car parking spaces. To enhance life style both landscape and hardscape are well integrated into living spaces to offer beautiful beach lifestyle. Don't miss this opportunity to own excellent income producing beach villas in the famous beachside community of North Laguna Beach! Live in upper or lower villa, and rent the other villa to provide additional income. These villas are rented as furnished rentals, and lower villa has a lease goes in to Jan 2022. These villas are very easy to maintain. The lower villa is leased for $3,395 per month. With this rental income, it is very easy to manage and offset property taxes and perhaps majority of mortgage payment. See the villas as Jasmine & Cedar North Laguna.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-16T00:28:52.49. 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 deemed reliable but is not guaranteed accurate by the MLS or CENTURY 21 Jordan-Link & Co.. Licensed in the State of California, USA.
    www.century21jordanlink.com/homes/114887122
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    240 Jasmine Street Laguna Beach, CA 92651

    • Price: $1,945,000
    • Status: Active
    • ID#: OC21048815
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.07
    Acres
    1,365
    SQFT
    $1,425
    $/SQFT
    1925
    Built
    Neighborhood:
    North Laguna (Nl)
    County:
    Orange
    Area:
    NL - North Laguna
    Property Description
    North Laguna Beach Hidden Gem! This ocean view beach property is located just one block east of the most sought after Heisler park and Main Beach. This trophy and turnkey property was remodeled with unique and high-end finishes to offer great lifestyle. This classy two-story duplex consists of 2, one bed & one bath beach villas with full kitchen facilities in each villa (Upper and Lower Units). This duplex property offers a very large secluded and private court yard and a large ocean view deck. Further, villas come with a separate laundry facility, an office/ artist studio with a mezzanine storage, an additional storage, one car garage and one or two car parking spaces. To enhance life style both landscape and hardscape are well integrated into living spaces to offer beautiful beach lifestyle. Don't miss this opportunity to own excellent income producing beach villas in the famous beachside community of North Laguna Beach! Live in upper or lower villa, and rent the other villa to provide additional income. These villas are rented as furnished rentals, and lower villa has a lease goes in to Jan 2022. These villas are very easy to maintain. The lower villa is leased for $3,395 per month. With this rental income, it is very easy to manage and offset property taxes and perhaps majority of mortgage payment. See the villas as Jasmine & Cedar North Laguna.
    Exterior Features

    Architectural Style Craftsman Construction Materials StuccoWood SidingCopper Plumbing Entry Level 1 Exterior Features Rain Gutters Lot Features 0-1 Unit/AcreGarden Number Of Separate Electric Meters 1 Open Parking Spaces 2 Parking Features Garage Faces Front Parking Total 3 Pool Features None Pool Private YN No Property Attached YN Yes Roof CompositionFlatShingle View City LightsCoastlineHillsOceanPeek-A-Boo View YN Yes

    Interior Features

    Accessibility Features None Appliances DishwasherFree-Standing RangeGas CooktopDisposalGas OvenGas RangeGas Water HeaterMicrowaveRefrigeratorWater PurifierDryerWasher Common Walls 1 Common Wall Fireplace Features Living Room Fireplace YN Yes Flooring StoneWood Heating Natural GasWall Furnace Heating YN Yes Interior Features Ceiling Fan(S)Granite CountersOpen FloorplanMain Level Master

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4.29 Common Interest None Community Features Curbs Electric Expense 100 Fuel Expense 60 Garage YN Yes Gross Income 7000 Gross Scheduled Income 84000 Insurance Expense 0 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Limited Service Listing Terms CashCash To New LoanConventional Maintenance Expense 0 Net Operating Income 78600 New Construction YN No New Taxes Expense 0 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 2 Operating Expense 5400 Other Expense 0 Pest Control Expense 0 Property Sub Type Duplex Rent Control YN No Senior Community YN No Sewer Sewer Tap Paid Special Listing Conditions Standard Supplies Expense 0 Total Actual Rent 6800 Trash Expense 10 Utilities Cable AvailableElectricity AvailableNatural Gas AvailableNatural Gas ConnectedSewer Connected Water Sewer Expense 60 Water Source Public

    Listing provided courtesy of Carl Wuestehube of Tri-Star Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-16T00:28:52.49. 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 deemed reliable but is not guaranteed accurate by the MLS or CENTURY 21 Jordan-Link & Co.. Licensed in the State of California, USA.
     
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