Property Details

Price $2,397,500

Year Built 1959

# of Units 3

Price P/ Unit $799,167

Sq. ft. 1,824 SF

Price p/ Sq. ft. $1,314

Current Cap Rate 2.97%

Proforma Cap Rate 3.12%

Lot Size 3,049 SF

Zoning N/A

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About the Property

Several blocks from a picturesque Laguna Beach shoreline, 31671 Seacove Drive is a charming triplex offering ocean views and a vacant unit. Located a short walk from Table Rock Beach and 0.4 miles from 1000 Steps Beach, 31671 Seacove is surrounded by multi-million dollar homes and is minutes from world-class resorts such as The Montage at Laguna Beach, Ritz Carlton Laguna Niguel, Waldorf Astoria Monarch Beach, and The Ranch at Laguna Beach. This well-maintained triplex on a private street features a VACANT 1-bdrm. and 1.5-bath unit and (2) 1-bdrm. units with ocean views. The renovated units include wood-laminate flooring, recessed lighting, stainless steel appliances, quartz countertops, and updated cabinetry and tile work. Property amenities include (3) 1-car garages. Located minutes from several world-class beaches, a wide array of entertainment/dining amenities along PCH, and surrounded by multi-million dollar homes, 31671 Seacove offers investors the opportunity to acquire a well-maintained rental/vacation property in a premiere coastal paradise where every day feels like a vacation.

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