336 N Coast Highway

Laguna Beach, CA 92651 View Map $9,250,000 Schedule a Tour
Sq.Ft. Lot9,148
Year1954
Schedule a Tour
Christian Walsh

Christian Walsh

(949) 635-4466
 
ASAP
Thu
22
Apr
Fri
23
Apr
Sat
24
Apr
Sun
25
Apr
Mon
26
Apr
Tue
27
Apr
Wed
28
Apr
Choose Your Date -- It's Free, Cancel Anytime
Status: Active
Property Type:Residential Income (Multi-Family)
MLS #:21685362
On Site:86 Days
Lot Size:9,148 Sq. Ft.
County:Orange
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.

Mortgage Calculator

$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.

Detailed Maps

Community Information

Address:336 N Coast Highway Laguna Beach, CA 92651
County:Orange
Zip Code:92651

Architecture

Year Built:1954
Stories:Multi/Split
Total Units: 10
Stories Total: 2
Unit 1: 1 Unit•1 Bath•Unfurnished•$1,095 actual rent•$1,095 total rent•$2,200 pro forma
Unit 2: 1 Unit•1 Bath•Unfurnished•$7,150 actual rent•$7,150 total rent•$8,500 pro forma
Unit 6: 1 Unit•1 Bath•Unfurnished•$1,650 actual rent•$1,650 total rent•$2,250 pro forma
Unit 7: 1 Unit•1 Bed•1 Bath•Unfurnished•$1,650 actual rent•$1,650 total rent•$2,700 pro forma
Unit 8: 1 Unit•1 Bed•1 Bath•Unfurnished•$2,350 actual rent•$2,350 total rent•$2,900 pro forma
Unit 9: 1 Unit•1 Bed•1 Bath•Unfurnished•$2,500 actual rent•$2,500 total rent•$2,900 pro forma
Unit 10: 1 Unit•2 Beds•2 Baths•Unfurnished•$1,850 actual rent•$1,850 total rent•$3,500 pro forma
Unit 11: 1 Unit•3 Beds•2 Baths•Unfurnished•$4,000 actual rent•$4,000 total rent•$5,500 pro forma
Unit 12: 1 Unit•1 Bath•Unfurnished•$6,820 actual rent•$6,820 total rent•$8,500 pro forma
Unit 13: 1 Unit•1 Bath•Unfurnished•$7,555 actual rent•$7,555 total rent•$8,500 pro forma
Garage Spaces: 4

Features / Amenities

Floor Material: Vinyl
Security Features: Gated Community
Parking Total: 4
Heating Type: Wall Furnace, Forced Air

Property Features

Lot Size: 0.21 Acres / 9,148 Sq. Ft.
Lot Dimensions:75x120
Waterfront Features: Ocean Front
View: Coastline, Courtyard, City Lights, Ocean
Zoning:C-1
Directions:The Gallery is located just steps to the sand in North Laguna Beach, the premier coastal destination in beautiful Southern California. Laguna Beach's resident population enjoys the atmosphere provided by the sandy beaches, canyons, and seaside hills. Several million visitors are drawn to Laguna Beach for its world-class beaches, and fine dining.

Tax and Financial Info

Total Expenses: 132944.00
Gross Annual Income: 439440.00
Gross Operating Income: 462257.00

Schools

WALKING AND TRANSPORTATION

0
Wait...
Walk Score ®
0
Wait...
Transit Score ®
0
Wait...
Bike Score ®
Please wait while loading...

Schedule a Tour

336 N Coast Highway Laguna Beach, CA 92651
GO SEE THIS LISTING
336 N Coast Highway Laguna Beach, CA 92651
 
ASAP
Thu
22
Apr
Fri
23
Apr
Sat
24
Apr
Sun
25
Apr
Mon
26
Apr
Tue
27
Apr
Wed
28
Apr
Choose Your Date -- It's Free, Cancel Anytime
Printable Flyer Get Directions
Listing provided courtesy of Peter Hauser, Avison Young €“ Southern Ca Ltd.
Based on information from California Regional Multiple Listing Service, Inc. as of April 21, 2021. 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. IDX provided by Sierra Interactive.