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216 Cliff Dr 3 Unit Apartment Building $4,973,862 CAD ($1,657,954 CAD/Unit) 3.01% Cap Rate Laguna Beach, CA 92651
Investment Highlights
- (1) Detached Two-Bedroom Single-Family Home, (1) One-Bedroom Unit & (1) Studio
- Over $500,000 in Capital Improvements
- Exceptional Laguna Beach Location (92 Walk Score) - Steps from Main Beach & Downtown Laguna Beach
- Owner-User Opportunity as the Property is 100% Vacant
- Ocean Views & In-Unit Laundry in Select Units
Executive Summary
216 Cliff Drive is a rare 3-unit coastal multifamily on the prestigious Cliff Drive corridor in Laguna Beach. Two of three residences capture sweeping Pacific Ocean views. Detached 2BD/1BA front home, 1BD/1BA upper unit, and ground-level studio. Turnkey with over $500K in documented capital improvements including fully remodeled kitchens, baths, new electrical, PEX plumbing, in-unit laundry in two units.
Property Facts
| Price | $4,973,862 CAD | Building Class | C |
| Price Per Unit | $1,657,954 CAD | Lot Size | 0.08 AC |
| Sale Type | Investment | Building Size | 1,979 SF |
| Cap Rate | 3.01% | No. Stories | 2 |
| No. Units | 3 | Year Built/Renovated | 1939/2026 |
| Property Type | Multifamily | Parking Ratio | 0.51/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R3 - Multiple Family Residential | ||
| Price | $4,973,862 CAD |
| Price Per Unit | $1,657,954 CAD |
| Sale Type | Investment |
| Cap Rate | 3.01% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 1,979 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1939/2026 |
| Parking Ratio | 0.51/1,000 SF |
| Zoning | R3 - Multiple Family Residential |
Amenities
Unit Amenities
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $8,301 CAD | 1,019 |
| 1+1 | 1 | $6,226 CAD | 690 |
| Studios | 1 | $4,151 CAD | 270 |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 496-094-17 | Improvements Assessment | $137,737 CAD |
| Land Assessment | $3,517,123 CAD | Total Assessment | $3,654,860 CAD |
Property Taxes
Parcel Number
496-094-17
Land Assessment
$3,517,123 CAD
Improvements Assessment
$137,737 CAD
Total Assessment
$3,654,860 CAD
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216 Cliff Dr
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