336 N Coast Highway, Laguna Beach CA, 92651

Sold

336 N Coast Highway

Laguna Beach CA, 92651

$8,200,000

$932.98 per sqft

Sold

8,789 sqft

Residential

Built in 1954

Listed by Peter Hauser with Avison Young – Southern CA LTD 949-430-0687

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.

21756938

MLSⓇ ID

March 18, 2024

Updated

Map

336 N Coast Highway
Laguna Beach CA, 92651

Interior Features

Total Stories: 2
Floor Description: Vinyl
Fireplace: No
Cooling: No
Heating: Yes
Heating Description: Forced Air, Wall Furnace

Exterior/Building Features

Lot Size: 0.21 Acres

Other Property Details

Area Name: NL - North Laguna
Days on Market: 10
Garage: Yes
Garage Spaces: 4
Parking Total: 4
View: Yes
View Description: City Lights, Coastline, Courtyard, Ocean
County: Orange
Pool: No
Waterfront: Yes
Zoning: C-1

Listing Contact: 213-935-7430

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/18/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 3/18/2024 at 6:24 PM UTC