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237 Woodland Drive
Laguna Beach, CA 92651

$2,150,000 
  • -- Beds
  • -- Baths
  • 4,000 sqft
  • Residential Income
  • Active
237 Woodland Drive, Laguna Beach - 554530584
237 Woodland Drive, Laguna Beach - 554530585
237 Woodland Drive, Laguna Beach - 554530586
237 Woodland Drive, Laguna Beach - 554530587

Property Description for 237 Woodland Drive, Laguna Beach CA 92651

REDUCED $100,000! *Best GRM and CAP Rate in Laguna Beach, *Walking Distance to Sawdust Festival, Pageant of the Masters, Downtown and Main Beach, *Added Value Opportunity with Upside Potential, *Great Mix of 1 & 2 Bedrooms, *Majority Single Story Units, *Over 1/2 Acre Lot 237-245 Woodland Drive sits at the base of the hills within the historic Laguna Beach Canyon. This property provides tenants the ability to walk to all of Laguna Beach’s most popular attractions including the Sawdust Festival, Pageant of the Masters, Downtown Laguna Beach and Main Beach. For the investor, the combination of the proximity to these attractions and the desirable unit types will allow the owner to charge strong rent levels without fear of vacant units or large turnover. The property consists of primarily single story units made up of one and two bedrooms. Some have exceptionally large private yards and others have access to hillside patios surrounded by lush, natural plant life and fruit trees. Being priced significantly less than the bulk of apartment complexes in Laguna Beach along with the large amount upside in rental income and equity, makes this a prime investment opportunity. This is a perfect candidate for the investor looking to create value you through upgrades and improvements of an outdated property along with better overall management.

  • Property Class: Residential Income
  • Listing Status: Active
  • City: Laguna Beach
  • State: CA
  • Zip: 92651
  • Area: LC - Laguna Canyon
  • County: Orange
  • Class: Residential Income
  • Stories: 2
  • Baths (F/H): -- / --
  • Baths Partial: 0
  • Living Area (SqFt): 4,000 sqft
  • Lot Sq Ft Apx: 3049.00
  • Year Built: 1930
  • Listing#: PW18152086
  • Parcel Number: 64122109
  • List Date: 6/25/2018
  • Last updated on: 11/17/2018

Property Features for 237 Woodland Drive, Laguna Beach CA 92651

  • Year Built: 1930
  • Community Features: Curbs, Storm Drains, Street Lighting
  • Lot Desc: 2-5 Units/Acre
  • Pool: None

Additional Information for 237 Woodland Drive, Laguna Beach CA 92651

  • Expenses: 49439.00
  • Gross Building Area: 4000.00
  • Gross Income: 127749.00
  • Net Income: 78310.00
  • Subdivision: Canyon (Cyn)
Courtesy of Rick Applebaum, Morgan Skenderian
Copyright 2018, California Regional Multiple Listing Service, Inc.. All Rights Reserved.
Based on information from California Regional Multiple Listing Service, Inc. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.