About 363 Cleo St
EXCELLENT VALUE FOR A SPACIOUS DUPLEX ON A LARGE LOT JUST MINUTES FROM THE BEACH AND LAGUNA'S "HIP" DISTRICT. THE UNITS ARE SIDE BY SIDE WITH NO-ONE ABOVE OR BELOW AND EACH UNIT OFFERS TWO LARGE BEDROOMS, TWO BATHS, FIREPLACE IN LIVING ROOM, OPEN KITCHEN, DINING AND LOTS OF LIGHT AND PRIVACY. EACH UNIT HAS AN ATTACHED 2-CAR GARAGE AND FEELS LIKE A SEPARATE CONDO/TOWNHOME. Incredible investment opportunity in prime section of Laguna's iconic "Village" or live in one unit and rent the other. Both units are currently rented and the owner wants to respect the Tenant's privacy. As such, there will be no preview or open house and showings will require a written offer (obviously subject to buyer's sole approval after inspection). Designed by Morris Skenderian this property has never before been for sale. Call listing agent for more information or general descriptions. BUYER TO COOPERATE WITH SELLER'S 1031 TAX DEFERRED EXCHANGE ALL EXPENSE NUMBERS AND THE PROFORMA RENTS ARE ESTIMATES ONLY. SQUARE FOOTAGES ARE ESTIMATED.
Features of 363 Cleo St
| MLS® # | LG24051221MR |
|---|---|
| Price | $2,995,000 |
| Units | 2 |
| Bedrooms | 4 |
| Bathrooms | 4.00 |
| Square Footage | 2,600 |
| Acres | 0.22 |
| Year Built | 1992 |
| Type | Residential Income |
| Sub-Type | Duplex |
| Status | Active |
Community Information
| Address | 363 Cleo St |
|---|---|
| Area | Laguna Village |
| City | LAGUNA BEACH |
| County | Orange |
| State | CA |
| Zip Code | 92651 |
Amenities
| Parking Spaces | 8 |
|---|---|
| # of Garages | 4 |
| Garages | Assigned |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Heating | Forced Air |
|---|---|
| Fireplace | Yes |
| Fireplaces | Living Room |
| # of Stories | 2 |
| Has Basement | No |
Exterior
| Exterior | Plaster |
|---|---|
| Construction | Plaster |
Additional Information
| Date Listed | March 10th, 2024 |
|---|---|
| Days on Market | 65 |
| Foreclosure | No |
| RE / Bank Owned | No |
| Gross Operating Income | $107,961 |
| Net Operating Income | $74,571 |
Unit 1 Details
| Beds | 2 |
|---|---|
| Baths | 2.00 |
| Rent | $4,700 |
Unit 2 Details
| Beds | 2 |
|---|---|
| Baths | 2.00 |
| Rent | $4,575 |
Listing Details
| Agent | Mark Christy (00776546) |
|---|---|
| Office | Berkshire Hathaway HomeServices California Propert |