222 Arch St - Apartments FOR SALE


Laguna Beach, CA 92651
$12,350,000 USD
949-681-8388
222 Arch St, Laguna Beach, CA for Sale
$12,350,000 USD
Apartments - FOR SALE
1/30
null | 3.22% Cap Rate

222 Arch St
Laguna Beach, CA 92651


HIGHLIGHTS

  • PRIDE OF OWNERSHIP & ADU: 'Legacy Asset' & ‘A Location’ 300 Feet from Pacific Ocean. 380 SF ADU Studio & Bath Bones Existing, Just Need Permits
  • POTENTIAL ADU: There is approximately 380 square feet of space that was previously used as a laundry room and a storage room
  • NEWLY INSTALLED ROOF: The property features a roof that was installed in April 2024
  • OUTSTANDING UNIT MIX: Built in 1971, The Complex Has an Outstanding Unit Mix of 100% Two- and Three- Bedroom Units
  • DESIRABLE AMENITIES: All Units Have Ocean Views, Dishwashers, Stacked Washer/Dryer, Disposal, Built in Microwave
  • RECENT IMPROVMENTS: There Have Been Recent Interior Renovations Including Granite Countertops and Cabinets, New Flooring, New Custom Bathrooms

OVERVIEW

Daniel Withers and Mark Bridge with Matthews Real Estate Investment Services™ are pleased to present this pride of ownership, legacy asset, in an ‘A Location’ approximately 300 feet from the Pacific Ocean. 222 Arch Street in Laguna Beach is a 13-unit complex situated atop Pacific Coast Hwy overlooking the Pacific Ocean in one of the premiere coastal housing markets in the nation. 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. 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. 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 new roof, nice sign package, double pane vinyl windows and an interior courtyard with seating area and BBQ. The property also features a new 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. The property’s Class A location in Laguna Beach puts the property near major retail, educational and employment opportunities. 222 Arch street is 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) Website Link: https://www.matthews.com/properties/mf-222-arch-st-laguna-beach-ca/

FOR SALE DETAILS

PRICE

$12,350,000 USD

PRICE/SF

$1,003 USD /SF

# OF UNITS

13

PRICE/UNIT

$950,000

CAP RATE

3.22%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1971

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

R3

APN/PARCEL ID

656-112-06

ASK ABOUT THIS PROPERTY

Mark BridgeThe Bridge Multifamily Team at MatthewsMore Info
949-681-8388

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Mark BridgeThe Bridge Multifamily Team at MatthewsMore Info
949-681-8388

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.