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Listing Details

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MLS #
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School Ratings & Info

Description

Truly an incredible opportunity to own a 3-unit, freestanding "Ocean View" commercial office building in the City limits of Laguna Beach. This 1980 constructed commercial building provides 9 covered parking stalls as well as street parking. Outstanding outside deck/community areas and tremendous views from many vantage points. Currently occupied by three tenants providing Architectural and Structural Engineering Services and Healthcare Supplements. Existing rents are currently "under market rates" as the two owners are majority occupants and tenants of this building. This has outstanding proximity to both cities of Laguna Beach and Dana Point, a fantastic location and frontage on Pacific Coast Highway. Visual exposure of this office building is outstanding. Easy access to the I-5 freeway and John Wayne Airport. This commercial office building has been extremely well cared for by its owners. Contiguous high profile restaurant next door provides additional income by leasing parking during after normal business hours with its own valet parking staff. This is a great opportunity for either an owner occupant or investor. It is also possible that only 50% of this building could be purchased.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-17T00:28:42.52. 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 deemed reliable but is not guaranteed accurate by the MLS or Zutila, Inc.. Licensed in the State of California, USA.
www.myorangecountyhomesearcher.com/homes/104360331
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2880 S Coast Hwy Laguna Beach, CA 92651

  • Price: $3,195,000
  • Status: Active
  • ID#: OC20060773
0
Beds
0
Baths
0
½ Baths
0.12
Acres
3,658
SQFT
$873
$/SQFT
1980
Built
Neighborhood:
SL - South Laguna
County:
Orange
Area:
SL - South Laguna
Property Description
Truly an incredible opportunity to own a 3-unit, freestanding "Ocean View" commercial office building in the City limits of Laguna Beach. This 1980 constructed commercial building provides 9 covered parking stalls as well as street parking. Outstanding outside deck/community areas and tremendous views from many vantage points. Currently occupied by three tenants providing Architectural and Structural Engineering Services and Healthcare Supplements. Existing rents are currently "under market rates" as the two owners are majority occupants and tenants of this building. This has outstanding proximity to both cities of Laguna Beach and Dana Point, a fantastic location and frontage on Pacific Coast Highway. Visual exposure of this office building is outstanding. Easy access to the I-5 freeway and John Wayne Airport. This commercial office building has been extremely well cared for by its owners. Contiguous high profile restaurant next door provides additional income by leasing parking during after normal business hours with its own valet parking staff. This is a great opportunity for either an owner occupant or investor. It is also possible that only 50% of this building could be purchased.
Exterior Features

Carport Spaces 9 Carport YN Yes Construction Materials Wood Siding Entry Level 2 Lot Features 2-5 Units/AcreCorner LotLevelNear Public TransitPavedRectangular LotStreet LevelZero Lot LineFlat Parking Total 9 Roof Asbestos Shingle Sign On Property YN Yes Topography Level Waterfront Features Ocean Side Of Freeway

Interior Features

Cooling Central AirElectricGas Cooling YN Yes Heating Central Heating YN Yes

Property Features

Additional Parcels YN No Anchors Co Tenants 2 Business Type Professional/OfficeProfessional Service Common Interest None Current Financing Conventional Electric Electricity - On PropertyStandard Land Lease YN No Laundry Features None Lease Considered YN Yes Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional1031 ExchangeLease BackOwner May Carry Number Of Units Leased 3 Property Sub Type Office Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Special Listing Conditions Standard Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Source Public Zoning Commercial

Listing provided courtesy of Bob Wolff of Harcourts Prime Properties


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-17T00:28:42.52. 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 deemed reliable but is not guaranteed accurate by the MLS or Zutila, Inc.. Licensed in the State of California, USA.
 
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