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    336 N Coast Highway

    Laguna Beach, CA 92651
    • $9,250,000
    • STATUS: Active
    • ON SITE: 111 days
    • ID#: 21685362
    UPDATED: 46 min ago
    $9,250,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,789
      SQFT
    • $1,052
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1954
    County:

    School Ratings & Info

    Description

    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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-17T23:36:43.293. 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/113652390
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    336 N Coast Highway Laguna Beach, CA 92651

    • Price: $9,250,000
    • Status: Active
    • Updated: 46 min ago
    • ID#: 21685362
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    8,789
    SQFT
    $1,052
    $/SQFT
    1954
    Built
    Neighborhood:
    NL - North Laguna
    County:
    Orange
    Area:
    NL - North Laguna
    Property Description
    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.
    Exterior Features

    Parking Total 4 View City LightsCoastlineCourtyardOcean View YN Yes Waterfront Features Ocean Front

    Interior Features

    Flooring Vinyl Heating Forced AirWall Furnace Heating YN Yes

    Property Features

    Community Features Gated Garage YN Yes Gross Income 439440 Levels Multi/Split Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 329313 Security Features Gated Community Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning C-1

    Listing provided courtesy of Peter Hauser of Avison Young €€Œ Southern Ca Ltd


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-17T23:36:43.293. 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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