$9,250,000 - 336 N Coast Highway, Laguna Beach

  • 0Beds
  • Baths
  • 0SQ. Feet
  • 0.21Acres

Significant rental upside and current value add by converting property to original city permitted 11 apartments and 3 commercial spaces. The property is zoned Commercial and the City may entertain a permit allowing for weekly short-term rentals. If this is accomplished this may increase the property's income and value substantially. The Gallery is an ideal opportunity for a investor to take advantage of purchasing a rarely-available commercial mixed-use property in the world class resort town of Laguna Beach, California. $300,000 Cap X spent the past 5 years: 80% new roofs, vertical plumbing lines, electrical, waste-lines, wood replacement and interior apartment upgrades. Partial interior renovations of the apartment homes include quartz counters in the kitchen and bathrooms, hardwood flooring and stainless appliance packages. The new owner will have the ability to to take over operations and take advantage of additional rental growth by increasing the income to market levels.

Sales Agent

Sam SmithLaguna Beach Realtors ®Phone: 949-355-1622Cell: 949-355-1622Contact Agent Now

Essential Information

  • MLS® #:21685362
  • Price:$9,250,000
  • Bathrooms:0.00
  • Acres:0.21
  • Year Built:1954
  • Type:Residential Income
  • Status:Active

Community Information

  • Address:336 N Coast Highway
  • Area:NL - North Laguna
  • City:Laguna Beach
  • County:Orange
  • State:CA
  • Zip Code:92651

Amenities

  • Parking Spaces:4
  • # of Garages:4
  • View:City Lights, Coastline, Courtyard, Ocean
  • Waterfront:Ocean Front

Interior

  • Interior:Vinyl
  • Heating:Forced Air, Wall Furnace
  • # of Stories:2
  • Stories:Multi/Split

Additional Information

  • Date Listed:January 26th, 2021
  • Days on Market:8
  • Zoning:C-1
  • HOA Fees:0.00

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Alta Vista (av)

  • City:
    Laguna Beach
  • Price Range:
    $8,950,000 - $8,950,000
  • Current Listings:
    1
  • HOA Dues:
    $0
  • Average Price per Square Foot:
    $
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Provided By: Peter Hauser, Avison Young – Southern CA LTD.

Based on information from California Regional Multiple Listing Service, Inc. as of April 19th, 2021 at 9:34am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.