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222 Arch St, Laguna Beach, CA, 92651

222 Arch St
$10,995,000

Key Information

Cap Rate
3.97%
$ per SF
$839
Tot. SF
12,300
$ per unit
$845,769
Units
13
Year Built
1971
Type
Apartments
NOI
$436,292

Highlights

  • Pride of Ownership: 222 Arch Street is a Legacy Asset in an ‘A Location’ approx. 300 feet from the Pacific Ocean.
  • Newly Installed Roof: The property features a roof that was installed in April 2024.
  • Outstanding Unit Mix: Built in 1971, this complex has an outstanding unit mix of 100% two- and three-bedroom units, with an average square foot per unit of almost 1,000 square feet.
  • Desirable Amenities: All units have a luxurious ocean view and in unit stacked washer and dryer. Units also have private balconies and individual rollup door garage parking.
  • Recent Improvements: There have been recent interior renovations including new granite countertops and cabinets, new flooring, new custom bathroom tile, vanities and lighting. The stainless-steel appliance package includes stovetop oven, built in microwave, dishwasher, sink and faucet, and refrigerator. The updated exterior has a nice sign package, double pane vinyl windows and an interior courtyard with seating area and BBQ.

Photos

Location

Agents

Broker of Record

David Harrington

License # 0216806 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245