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21722 Ocean Vista Dr - Trophy Laguna Beach Property - Leased Fee 1.02 Acres of Residential Land Offered at $4,536,740 CAD in Laguna Beach, CA 92651
INVESTMENT HIGHLIGHTS
- Generational Opportunity to Acquire a One Acre Parcel of Land Comprised of Laguna Beach's Premier 180 Degree Ocean Views.
- Perched in the hills of Laguna Beach less than 1/2 mile above the Luxury Beachfront Resort | Montage Laguna Beach.
- Own Eighteen (18) Existing Condominium Units with Sweeping Ocean Views or Redevelop at Expiration of the Current Land Lease.
EXECUTIVE SUMMARY
* Ground rent is only $4,214.00 annually through March 31, 2058.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER AC (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
PROPERTY FACTS
| Price | $4,536,740 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Sale Condition | Ground Lease (Leased Fee) | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 1.02 AC |
| Zoning | R3 | ||
| Price | $4,536,740 CAD |
| Sale Type | Investment |
| Sale Condition | Ground Lease (Leased Fee) |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 1.02 AC |
| Zoning | R3 |
1 LOT AVAILABLE
Lot
| Price | $4,536,740 CAD | Lot Size | 1.02 AC |
| Price Per AC | $4,447,784.44 CAD |
| Price | $4,536,740 CAD |
| Price Per AC | $4,447,784.44 CAD |
| Lot Size | 1.02 AC |
1.02 acre of R3 land (leased fee - lease expires March 31, 2058) comprised of two (2), eight (8) unit condominium buildings. Additional address 21722 Ocean Vista Drive also situated on the situated on the same parcel.
DESCRIPTION
21702 & 21722 Ocean Vista Drive is comprised of two, 8-unit condominium buildings situated on an approximate 1.02 acre parcel of land (leased fee). Currently land leased to the condominium owners through March 31st, 2058. But this unique opportunity presents a patient and savvy investor with a once-in-a-lifetime opportunity to own one of the finest pieces of Laguna Beach real estate with ocean views to the north and south as far as you can see.
Presented by
21722 Ocean Vista Dr - Trophy Laguna Beach Property - Leased Fee
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