Laguna Beach, CA 92651 370 Loma Terrace

370 Loma Terrace Laguna Beach, CA - Image 1370 Loma Terrace Laguna Beach, CA - Image 2370 Loma Terrace Laguna Beach, CA - Image 3
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Presented By: David Csira with Laguna Beach Properties; 949-500-3283
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# LG25015318
  • 01/21/2025
  • Request Tour
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 4
  • Baths • 3
  • SQFT • 2,056
  • Garage • 2

Home Details

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. The new owner/investor can take over with little hassle or choose to move into the ground floor two-bedroom unit for themselves. 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.
Presented By: David Csira with Laguna Beach Properties; 949-500-3283

Interior Features for 370 Loma Terrace

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea, LaundryCloset
Total Stories2

Other Rooms

Entry Level1

General for 370 Loma Terrace

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLaguna Beach
Community FeaturesBiking, Hiking, StormDrains, StreetLights, Suburban
CoolingNone
CountyOrange
DirectionsBroadway to Forest Ave., left on Loma Terrace follow to right, property will be on your left
Electric Expense0.0
Electric On Property Y/NNo
Entry Location1 & 2
Fuel Expense0.0
Garage Spaces2.0
Garage Y/NYes
Gross Income117588.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense4000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan, Conventional, Exchange1031
Lot Size Square Feet4356.0
Lot Size UnitsSquareFeet
MLS AreaLV - Laguna Village
MobileHomeRemainsYNNo
Net Operating Income73873.0
New ConstructionNo
Number Of Units Total3
Operating Expense43745.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalTriplex
Property SubtypeTriplex
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Subdivision NameMain Beach (BCH)
Tax Lot63
Tenant PaysElectricity, Gas, Insurance
Trash Expense550.0
ViewNone
Water Sewer Expense480.0
Year Built1948
Year Built SourceAssessor

Exterior for 370 Loma Terrace

Building Area Total2056.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.1
Lot Size Area4356.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters3
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking6.0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $3,250,000
MLS#LG25015318
List Date 01/21/2025
Property Type Multi-Family
Phone 714.742.6515
Request Tour
Request Info
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