Property Detail

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.