Newly Completed Residence in
K53-30802 Coast Hwy Laguna Beach, CA 92651
K53-30802 Coast Hwy, Laguna Beach, CA, 92651
$824,995
Pending
For Sale
$824,995
Pending
Newly completed 2-bedroom residence with ensuite baths, flex space, and a wrap-around deck in the Laguna Terrace community.
Property Size1,770 SF
Days on Market607
Property Features for K53-30802 Coast Hwy
General Information
- Standard status
- Pending
- Size
- 1,770 SF
- Property subtype
- Manufactured In Park
Listing agency
berkshire hathaway home services
(949) 315-1718
Listed by
Patricia McMillan · License #02022705
(949) 315-1718
Source
Exprealty
Added: Nov 21, 2024 Updated: Jul 20 at 4:32PM Checked: Jul 20 at 4:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of berkshire hathaway home services
Investment Insights
Based on property information with market context.
Just completed and located in the Laguna Terrace community in South Laguna, this newly built residence is positioned above Pacific Coast Highway and sits directly across from the Montage Laguna Beach Resort, Aliso Beach Park, Treasure Island Beach, and Victoria Beach. The home features an open-concept layout connecting the kitchen, dining, and living areas, along with two spacious bedrooms with ensuite baths and a versatile flex space suited for a home office, den, or third bedroom. Oversized windows and 9-foot ceilings with 8-foot doors help bring in natural light and frame canyon views.
Outdoor living is supported by a generous wrap-around deck off the main living area. Community amenities include a year-round heated pool, spa, clubhouse, and fitness center. The listing notes there are no HOA fees and no added expense of real estate taxes on the land.
The home totals 1,770 sq. ft. A monthly land lease of $5,100 is included with an annual increase of 3% or the CPI, whichever is greater. Home Serial#s: 235ACPHA002004ASC/BSC/CSC.
Outdoor living is supported by a generous wrap-around deck off the main living area. Community amenities include a year-round heated pool, spa, clubhouse, and fitness center. The listing notes there are no HOA fees and no added expense of real estate taxes on the land.
The home totals 1,770 sq. ft. A monthly land lease of $5,100 is included with an annual increase of 3% or the CPI, whichever is greater. Home Serial#s: 235ACPHA002004ASC/BSC/CSC.
Key Highlights
- Newly completed 1,770 sq. ft. residence in the Laguna Terrace community in South Laguna
- Open‑concept kitchen, dining, and living areas with 9‑foot ceilings, 8‑foot doors, and oversized windows framing canyon views
- Two bedrooms with ensuite baths plus a versatile flex space for a home office, den, or third bedroom
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.7k | $36.00 |
| − Vacancy | −$2.3k | −$1.30 |
| EGI | $61.4k | $34.70 |
| − OpEx | −$27.6k | −$15.62 |
| NOI | $33.8k | $19.09 |
1,770 SF · lease $36.00/SF/yr · vacancy 3.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$482.6K
$422.3K – $563.1K
NOI $33,784 @ 7.0% cap · market cap 4.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$594.5K
$520.2K – $693.6K
NOI $41,616 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mobile home & RV ...
Similar For Sale Nearby
FAQs
What type of property is this?
Mobile home & RV park - Newly completed 2-bedroom residence with ensuite baths, flex space, and a wrap-around deck in the Laguna Terrace community.
Where is this mobile home & rv park located?
The property is located at K53-30802 Coast Hwy Laguna Beach, CA.
What is the asking price?
The asking price for this property is $824,995.
What are key features of this property?
This property features: Newly completed 1,770 sq. ft. residence in the Laguna Terrace community in South Laguna; Open‑concept kitchen, dining, and living areas with 9‑foot ceilings, 8‑foot doors, and oversized windows framing canyon views; Two bedrooms with ensuite baths plus a versatile flex space for a home office, den, or third bedroom
