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2101 Glenneyre St 7 Unit Apartment Building $8,587,891 CAD ($1,226,842 CAD/Unit) 3.71% 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 | $8,587,891 CAD | Property Subtype | Apartment |
| Price Per Unit | $1,226,842 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Cap Rate | 3.71% | Building Size | 6,323 SF |
| Gross Rent Multiplier | 17.13 | No. Stories | 2 |
| No. Units | 7 | Year Built | 1972 |
| Property Type | Multifamily | Parking Ratio | 1.11/1,000 SF |
| Price | $8,587,891 CAD |
| Price Per Unit | $1,226,842 CAD |
| Sale Type | Investment |
| Cap Rate | 3.71% |
| Gross Rent Multiplier | 17.13 |
| 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 | $3,411 CAD | - |
| 1+1 | 1 | $4,688 CAD | - |
| 2+1 | 2 | $6,238 CAD | - |
| 2+2 | 2 | $6,303 CAD | - |
| 3+2 | 1 | $8,015 CAD | - |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 644-283-03 | Total Assessment | $8,109,008 CAD |
| Land Assessment | $6,811,569 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,297,439 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
644-283-03
Land Assessment
$6,811,569 CAD
Improvements Assessment
$1,297,439 CAD
Total Assessment
$8,109,008 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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Videos
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Photos
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Map
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2101 Glenneyre St
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