$1,950,000
Investor's dream: location, location, location in the heart of Laguna Village. This property features four residences located at 1252-1264 Glenneyre St., situated on a double street-to-alley lot just steps from the beach. The flexible zoning allows for residential income or neighborhood commercial use, making it ideal for a retreat, B&B, artist live/work space, professional services, or a private residential compound.
The units include 1254, a main two-bedroom mini-lodge with a remodeled kitchen and bath, and 1264, a separate one-bedroom log cabin built circa 1929 with a remodeled kitchen and bath. Unit 1252 is a one-bedroom main-level residence with a remodeled kitchenette and bath, while 1262 is an upper-level studio featuring a large ocean-view deck; both of these units date back to circa 1925.
The entire property has been updated with new plumbing, tankless hot water heaters, roofs, and decks. Three of the four cabins offer excellent Catalina Island and ocean views. There are three single-car garages on the alley with room to expand the existing structure to take advantage of more views and potential income. This is a golden opportunity for the right buyer looking for a unique property with unlimited possibilities and an existing income stream. Furnishings are negotiable, and there is no downtime in rents.
If you have any questions about selling your home, or would like to view this or any Laguna Beach properties you may be curious about, please don't hesitate to contact us or call (949) 464-1063 for assistance.
The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing.
Any information relating to a property referenced on this website comes from the Internet Data Exchange (IDX) program of CARETS. This website may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website.
The accuracy of all information, regardless of source, including but not limited to square footage and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
