564 Cliff Drive, Laguna Beach CA

BOM,buyer could not perform. One of a kind opportunity for buyer of this ocean close multi unit property. Literally steps to the beach. Uncommonly large 8,999 sq ft lot has access from both Coast Hwy and Cliff Drive. Many possibilities present themselves due to location on the beach side of Coast Hwy. Superb for seasonal rentals; Optimize your income potential. Nine units plus an extra studio behind the garages. 1 bedroom 2 bath upper unit is suitable for owner's residence and has a stunning panoramic view. Open the windows and listen to the calming ocean sounds. Take in the 180 degree view from extra large owner's deck. Nostalgic is how you feel when entering the studio homes; 9 units have incredible ocean views. Vintage characteristics appeal to potential tenants. One story cottage style units with nobody above. Most units have an enclosed garage, 2 have covered carports. Low vacancy rate. 3 additional garages currently being used by the owner for storage, office, laundry room, etc.. Large, open air patio and lawn for enjoyment. Just a few steps to Heisler Park and other lovely destinations in town. Two units currently available to be viewed. Unit configuration 1-lg 1 Br, 2 sm-1 Br, 6 studios. Income projected by appraiser$200,400. virtual tour