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2101 Glenneyre St 7 Unit Apartment Building $8,605,580 CAD ($1,229,369 CAD/Unit) 3.74% Cap Rate Laguna Beach, CA 92651
Investment Highlights
- Sweeping Ocean Views from the Majority of Units
- Approved for the Addition of an ADU
- Incredible Woods Cove Location - Short Walk to the Beach, Retail Shops, Restaurants, Galleries, Etc.
- Chris Abel Designed Complex with 2 Vintage Cottages
- Majority of Interiors Renovated
- Perfect for Owner User
Executive Summary
Located in the highly desirable Woods Cove neighborhood of Laguna Beach, this 7-unit apartment complex offers an exceptional coastal living experience just moments from
Woods Cove and Diamond Beach, with easy access to swimming, snorkeling, tide pools, and scenic shoreline walks. Positioned on a large 14,480 square foot lot, the 5-unit
structure was designed by renowned architect Chris Abel and built in 1972 along side two 1923 single story cottages, blending timeless coastal architecture with modern upgrades. The property features a diverse unit mix of studios, 1, 2, and 3-bedroom residences, with most units highly renovated, offering ocean views, washer/dryer hookups, and private patios or balconies that capture ocean breezes and natural light. Residents enjoy close proximity to Downtown Laguna Beach, boutique shopping, cafés, fine dining, art galleries, entertainment, and the city’s vibrant cultural scene, with convenient access to the Laguna Beach trolley, coastal trails, parks, and Pacific Coast
Highway, delivering a rare combination of privacy, walkability, and quintessential Southern California beach lifestyle.
Woods Cove and Diamond Beach, with easy access to swimming, snorkeling, tide pools, and scenic shoreline walks. Positioned on a large 14,480 square foot lot, the 5-unit
structure was designed by renowned architect Chris Abel and built in 1972 along side two 1923 single story cottages, blending timeless coastal architecture with modern upgrades. The property features a diverse unit mix of studios, 1, 2, and 3-bedroom residences, with most units highly renovated, offering ocean views, washer/dryer hookups, and private patios or balconies that capture ocean breezes and natural light. Residents enjoy close proximity to Downtown Laguna Beach, boutique shopping, cafés, fine dining, art galleries, entertainment, and the city’s vibrant cultural scene, with convenient access to the Laguna Beach trolley, coastal trails, parks, and Pacific Coast
Highway, delivering a rare combination of privacy, walkability, and quintessential Southern California beach lifestyle.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $8,605,580 CAD | Property Subtype | Apartment |
| Price Per Unit | $1,229,369 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Cap Rate | 3.74% | Building Size | 6,323 SF |
| Gross Rent Multiplier | 17.02 | No. Stories | 2 |
| No. Units | 7 | Year Built | 1972 |
| Property Type | Multifamily | Parking Ratio | 1.11/1,000 SF |
| Price | $8,605,580 CAD |
| Price Per Unit | $1,229,369 CAD |
| Sale Type | Investment |
| Cap Rate | 3.74% |
| Gross Rent Multiplier | 17.02 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 6,323 SF |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 1.11/1,000 SF |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Microwave
- Washer/Dryer Hookup
- Deck
- Garden
- Patio
Site Amenities
- Courtyard
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $3,418 CAD | - |
| 1+1 | 1 | $4,697 CAD | - |
| 2+1 | 2 | $6,388 CAD | - |
| 2+2 | 2 | $6,316 CAD | - |
| 3+2 | 1 | $8,031 CAD | - |
1 1
Walk Score®
Very Walkable (80)
Property Taxes
| Parcel Number | 644-283-03 | Total Assessment | $8,091,547 CAD |
| Land Assessment | $6,796,902 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,294,646 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
644-283-03
Land Assessment
$6,796,902 CAD
Improvements Assessment
$1,294,646 CAD
Total Assessment
$8,091,547 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
Contacts
-
Rick Applebaum -
Jay Skenderian -
Paul Espinosa -
Morgan-Skenderian Investment Real Estate Group
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2101 Glenneyre St
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