Land-Lease Ocean-View
G12-30802 Coast Hwy Laguna Beach, CA 92651
G12-30802 Coast Hwy, Laguna Beach, CA, 92651
$375,000
For Sale
$375,000
2-bed, 2-bath home with new interior finishes in an ocean-view land-lease community.
Property Size1,068 SF
Price / SF$351.12
Days on Market104
Property Features for G12-30802 Coast Hwy
General Information
- Standard status
- Active
- Size
- 1,068 SF
- Property subtype
- Manufactured In Park
Listing Agency
Berkshire Hathaway Home Services
(949) 499-5900
Listed by
Patricia McMillan · License #02022705
(949) 499-5900
Source
Exprealty
Added: Apr 8 Checked: Jul 19 at 5:29 am
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.
Located at G12-30802 Coast Hwy, this 2-bedroom, 2-bath home is offered within the Laguna Terrace land-lease community. The home has been recently painted inside and out, with new finished kitchen cabinets and new laminate wood flooring, providing an updated interior for day-to-day living.
Laguna Terrace is an ocean-view setting in South Laguna Beach, described as just across Coast Highway from the Montage resort and the area’s sandy beaches, with access to local shops and dining. Residents also have use of resort-style amenities, including a pool, spa, fitness center, and clubhouse.
The property is part of a land-lease community with a stated monthly land lease of $5,250 and annual increases of 3% or CPI (whichever is greater). The remarks also state there are no traditional property taxes. Home Serial #s are listed as 17615128AP/BP.
Laguna Terrace is an ocean-view setting in South Laguna Beach, described as just across Coast Highway from the Montage resort and the area’s sandy beaches, with access to local shops and dining. Residents also have use of resort-style amenities, including a pool, spa, fitness center, and clubhouse.
The property is part of a land-lease community with a stated monthly land lease of $5,250 and annual increases of 3% or CPI (whichever is greater). The remarks also state there are no traditional property taxes. Home Serial #s are listed as 17615128AP/BP.
Key Highlights
- 2‑bedroom, 2‑bath home in Laguna Terrace with ocean and canyon views
- Recent updates include new laminate wood flooring, new finished kitchen cabinets, and interior and exterior painting
- Ocean‑view land‑lease community (Laguna Terrace) with monthly land lease of $5,250/month and 3% or CPI annual increases (whichever is greater)
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 | $38.4k | $36.00 |
| − Vacancy | −$1.4k | −$1.30 |
| EGI | $37.1k | $34.70 |
| − OpEx | −$16.7k | −$15.62 |
| NOI | $20.4k | $19.09 |
1,068 SF · lease $36.00/SF/yr · vacancy 3.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$291.2K
$254.8K – $339.8K
NOI $20,385 @ 7.0% cap · market cap 5.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$358.7K
$313.9K – $418.5K
NOI $25,110 @ 7.0% cap · market cap 6.70%
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 - 2-bed, 2-bath home with new interior finishes in an ocean-view land-lease community.
Where is this mobile home & rv park located?
The property is located at G12-30802 Coast Hwy Laguna Beach, CA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2‑bedroom, 2‑bath home in Laguna Terrace with ocean and canyon views; Recent updates include new laminate wood flooring, new finished kitchen cabinets, and interior and exterior painting; Ocean‑view land‑lease community (Laguna Terrace) with monthly land lease of $5,250/month and 3% or CPI annual increases (whichever is greater)
