222 ARCH ST

222 Arch St, Laguna Beach, CA 92651
$12,350,000

Cap Rate
3.22%
Price Per SF
$1,003
Price Per Unit
$950,000
Units
13
Gross SQFT
12,307
Year Built
1971
NOI
$397,949
Property Type
Apartments

INVESTMENT HIGHLIGHTS

  • PRIDE OF OWNERSHIP 222 Arch Street is a Legacy Asset in an ‘A Location’ approx. 300 feet from the Pacific Ocean.
  • NEWLY INSTALLED ROOF The Property features a roof that was installed in April 2024.
  • POTENTIAL ADU There is approximately 380 square feet of space that was previously used as a laundry room and a storage room, both of which have active plumbing and drainage. The space also includes electrical wiring, recessed lighting, and two slider windows that could be suitable for a living area and a bathroom. The former laundry room could potentially be converted into a bathroom, and the shared plumbing wall may allow for the installation of a kitchenette in the larger storage room. As a studio layout, no additional walls would be required aside from a door separating the two rooms. The drywall and lighting were recently completed with permits and inspected by the city. If converted into an ADU, there would still be an additional small storage area available near Unit 10 for essential building supplies.
    *Buyer to conduct their own investigation with the city and appropriate professionals to determine the feasibility and legality of any potential ADU conversion
  • OUTSTANDING UNIT MIX Built in 1971, this complex has an outstanding unit mix of 100% two- and three- bedroom units, with an average square foot per unit of almost 1,000 square feet.
  • DESIRABLE AMENITIES All units have a luxurious ocean view and in unit stacked washer and dryer. Units also have private balconies and individual rollup door garage parking.
  • RECENT IMPROVMENTS There have been recent interior renovations including new granite countertops and cabinets, new flooring, new custom bathroom tile, vanities and lighting. The stainless-steel appliance package includes stovetop oven, built in microwave, dishwasher, sink and faucet, and refrigerator. The updated exterior has a nice sign package, double pane vinyl windows and an interior courtyard with seating area and BBQ.
  • EXCELLENT RENTAL LOCATION 222 Arch Street in Laguna Beach is nestled atop Pacific Coast Hwy overlooking the Pacific Ocean in one of the premiere coastal housing markets in the nation. The property’s Class A location in Laguna Beach puts the property near major retail, educational and employment opportunities. The property is a short walk to many small beaches, Surf and Sand Resort Laguna Beach and the Montage Laguna Beach. Continuing in either direction takes you to Main Beach Laguna and Dana Point Harbor. The mild climate, walkable main beach area, scenic coves, and great beaches make Laguna Beach one of the most desirable communities for everyone.

Broker of Record

  • David Harrington
  • License No. 0216806 (CA)
  • (866) 889-0550
  • Matthews Real Estate Investment Services, Inc
  • 2321 Rosecrans Ave.,
    Suite 1225, El Segundo, CA 90245
BESbswy