Laguna Beach, CA 92651,370 Loma Terrace
Laguna Beach, CA 92651,370 Loma Terrace
Laguna Beach, CA 92651,370 Loma Terrace
Laguna Beach, CA 92651,370 Loma Terrace
Laguna Beach, CA 92651,370 Loma Terrace
Laguna Beach, CA 92651,370 Loma Terrace
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$ 3,250,000
Est. payment | /mo

4,356 Sqft Lot


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$ 3,250,000
Est. payment | /mo
Save

4,356 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Subdivision Main Beach (Bch)

MLS Listing ID LG25015318

HOA Y/N No

Year Built 1948

Lot Size 4,356 Sqft

Property Sub-Type Triplex

Property Description

370 Loma Terrace is a well-maintained triplex located on a prime corner lot in the heart of Downtown Laguna Beach. This property's location is walkable to all the shops and restaurants on Forest Avenue, Broadway, Main Beach and surrounding areas. It doesn't get much better.

The property features two 1-bedroom/1-bathroom units upstairs and a spacious 2-bedroom/1-bathroom unit downstairs with an attached two-car garage. There is additional off-street parking for four more vehicles. Each unit offers clean interiors, off-street parking, and access to a large shaded patio. The exterior has been recently painted. Although the location is close to the vibrant downtown area, it is situated on a relatively quiet, low-traffic street. With excellent long-term tenants in place paying close to current market rents, a new investor can take over with little hassle. Built in 1948 on a 4,356 sq. ft. lot, it is a low-maintenance, well-performing investment in a highly desirable coastal market.

Residents of Laguna Beach enjoy stunning coastal landscapes, pristine beaches, and dramatic cliffs with 80 miles of hiking/biking trails and countless choices for gourmet dining. The city boasts almost 7 miles of Pacific coastline, featuring over 30 unique beaches and coves that provide endless opportunities for outdoor exploration. It is famous for its vibrant artistic community, galleries and world-renowned Pageant of the Masters. This tight knit community is proud of its world-class school system and a robust athletic program. Residents enjoy an unparalleled lifestyle rich in natural beauty and unique experiences.

Location

State CA

County Orange

Area Lv - Laguna Village

Interior

Cooling None

Fireplaces Type None

Fireplace No

Laundry Common Area, Laundry Closet

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Biking, Hiking, Storm Drain(s), Street Lights, Suburban

View Y/N No

View None

Total Parking Spaces 6

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 64127235

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by David Csira • Laguna Beach Properties • 949-500-3283

REVIEWS

Ximena Ames Nugent

Professional & Paid Attention to My Needs

I am very impressed with the professionalism of this team! They worked very hard with terrific attention to details and respect for my needs. I would highly recommend Ruby and Patrick as they are knowledgeable, and dedicated to their clients.

rwgbjg

Exceptional Realtors

There are a number of solid and competent realtors that can help you navigate the paperwork needed to either close a sale or negotiate a purchase of a home. The number of exceptional realtors who can develop a effective markeketing plan based on research, investment and strength of intellect and character are few and hard to find. Patrick and Ruby Raymond are those exceptional realtors. In addition, the other members of their team were each exceptional and epitomize professionalism. When Patrick first approached me, he stated a price than our home would generate that exceeded what I thought the market would bear. Then he proceeded to explain how this sale price could happen. First, he knew our neighborhood and its strength and weaknesses regarding its saleability. Next, he revealed the investments he had made to obtain a data base of pre-qualified buyers from throughout our state and around the country. Finally, Patrick and Ruby provided an in depth strategy on how to stage our home, establish timelines, and present tools they would use to sell the home. Some of their strategies were known but not always followed by other realtors, and additional strategies were proprietary to the Raymond team. The result was that we received three offers each either meeting of exceeding what Patrick and Ruby first told us our home could sell for. Throughout the process they both remained calm and focused even when little hickups occurred. It was a learning experience for us when we had questions about staging the home I found out later from the buyers how much Rubys’ strategies influenced their purchasing decision. Needless to say it is without any reservations that we would recommend the Raymond team whether you are purchasing or selling a home. P.S. They even gave us great input on strategies on how to buy our current home in a very competitive market.

Heather Squire

Transparent, Reliable & Honest

Ruby was extremely helpful, open, transparent, and reliable through the whole process, she really cared about us, understood our needs. Ruby was always available to answer our questions. Ruby really is the best! She was thorough and professional and great to work with. She scheduled the inspection and pest company, made it so easy to get everything done. She was honest and forthright- no games. Would use her again tomorrow if we were to buy or sell in the area.

How Does The Raymond Team Deliver Exceptional Real Estate Service?

Expert Guidance

We educate you on the market and guide you to the best best decision about your move.

Proven Systems

Over 23 years of real estate experience  has helped us perfect our results-driven buying and selling systems.

Results Driven

We listen, we communicate, and we track every step of the process to ensure a seamleass transaction.

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