770 Hillcrest
Laguna Beach, CA 92651
- List Price
- $8,750,000
- Price Change
- Decreased $1,245,000 1316589616
- MLS#
- L33520
- Living Sq. Ft
- 18,500
- Property Type
- Multifamily
- Residential Style
- Tudor
- Status
- Active
Property Description
Historic Pyne Castle was converted to an apartment house in the early 1960's. David Youn, al local builder, applied for and was granted a variance for twelve apartments. There are currently sixteen units. Units 14, 15, 16 and the Penthouse are non-conforming. The property consists of 2.3 acres (per Assessor) and has a pool and spa in addition to the lovely grounds. When completed in 1935 the property was known as Broad View Villa. However, since his death, most people refer to the property as Pyne Castle after the owner and builder Estel Walter Pyne.
Additional Information
- Units
- 16
- Gross Operating Income
- 326568.00
- Gross Scheduled Incom
- $326,568
- Net Operating Income
- $44,036
- Expense Operating Income
- 282532.00
- Number of Buildings
- 5
- Taxes
- 172500.00
- Monthly Gross Schedule Income
- 27214.00
- Actual Gross Annual Income
- 326568.00
- Number of Water Meters
- 1
- Number of Gas Meters
- 1
- Number of Electric Meters
- 1
- Total Parking Spaces
- 37
- Stories
- Three Or More Levels
- Year Built
- 1935
- View
- Catalina View, City Lights View, City View, Coastline View, Ocean View, Panoramic View
- Number of Cars in Garage
- 9
- Pool Description
- Heated
- Spa Description
- Association Spa
- Disability Access
- None (N)
- Style
- Tudor
- Exterior Construction
- Stucco
- Entry Location
- Ground Level w/steps
- Sewer
- In Street Paid, Public Sewer (N)
- Water
- District/Public (N)
Courtesy of Prudential Treasure Island, Frederick Balzer.
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