INVESTMENT OPPORTUNITY - WOODS COVE STEPS TO THE SAND WITH FULLY APPROVED PLANS FOR ADDITIONAL 844 SQ FT = 4,609 SQFT. STUNNING OCEAN VIEW, 4 CAR GARAGE PLUS 4 ONSITE PARKING SPACES. ZONING: R2 - 2 UNIT DUPLEX WITH NEWLY CONSTRUCTED DETACHED FREE-STANDING SINGLE FAMILY RESIDENTS WITH PRIVATE YARD. THIS PROPERTY CURRENTLY HAS A CAP RATE OF 2.27% WITH EXISTING RENTS. PRO FORMA PROJECTED CAP RATE FOR 30+ DAYS FURNISHED RENTAL ARE APPROXIMATELY 6.3% OR HIGHER. WOODS COVE LOCATION WITH VIEWS, INCOME, PARKING ON OVERSIZE LOT WITH APPROVED PLANS. DOESN'T GET ANY BETTER THAN THIS IN LAGUNA BEACH.
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