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    336 N Coast Hwy

    Laguna Beach, CA 92651
    • $9,750,000
    • STATUS: Active
    • ON SITE: 43 days
    • ID#: 20-614698
    UPDATED: 38 min ago
    $9,750,000
    • 8
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,600
      SQFT
    • $1,016
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1954
    County:
    Area:

    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. Partial interior renovations of the apartment homes include quartz counters in the kitchen and bathrooms, updated cabinets, 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 the Combined LA/Westside Multiple Listing Service as of 2020-09-19T16:42:44.857. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.lydiagable.com/homes/108633268
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    336 N Coast Hwy Laguna Beach, CA 92651

    • Price: $9,750,000
    • Status: Active
    • Updated: 38 min ago
    • ID#: 20-614698
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    9,600
    SQFT
    $1,016
    $/SQFT
    1954
    Built
    Neighborhood:
    North Laguna
    County:
    Orange
    Area:
    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. Partial interior renovations of the apartment homes include quartz counters in the kitchen and bathrooms, updated cabinets, 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

    Levels Multi/Split Lot Size Area 9148 Other Structures Other Parking Garage Garage Is Attached Patio Features BalconyDeck(S)Enclosed Roof Flat Style Low Rise Total Parking 0 View Description CoastlineCourtyardCity LightsOcean View YN Yes Water Frontage Ocean

    Interior Features

    Baths Total 10.00 Common Walls Attached Cooling Wall Unit(S)Air Conditioning Equipment Gas Or Electric Dryer Hookup Flooring Vinyl Heating WallForced Air Kitchen Features Granite Counters

    Property Features

    ADACompliance Yes Assessed Total Value 2705653 Gross Income 475440 Gross Operating Income 461177 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 2 Like Units5 1 Like Units6 1 Net Operating Income 323172.00 Number Of Buildings 2 Number Of Units 10 Sale Type Standard Security Features Gated Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 138005 Type Of Units 10 Year Built Source Vendor Enhanced Zoning C-1

    Listing provided courtesy of Peter Hauser DRE#00856966 of Avison Young €€Œ Southern Ca Ltd.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-19T16:42:44.857. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake Villiage CA, 91377