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Christian Walsh(949) 635-4466
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Property Type:Residential Income (Multi-Family)
On Site:128 Days
Lot Size:6,098 Sq. Ft.
A rare available trophy income property located in spectacular Laguna Beach! Situated on storied Gallery Row - a prime, high foot-traffic area in North Laguna, 354 North Coast Hwy is a mixed-use investment property you will not want to miss. The current owners have made extensive structural and cosmetic renovations to the building exterior and interiors. Beautifully maintained and well-kept, this mixed retail and residential has three occupied commercial units fronting the high foot-traffic zone of North Coast Highway, with four residential ocean-view units. The commercial units are currently occupied by two veteran art galleries and a long-established jewelry store. - modern, tasteful, and clean. Apartments A and B are one bedroom, one bathroom units with ocean views. Apartments C and D are currently combined for use as a two bedroom owner's unit, but can easily be split back to two additional one bedroom units. Highly-rated and stable tenants in all occupied units. Located blocks to North Laguna Beaches (Heisler, Shaws Cove, Crescent Bay, Boat's Canyon) and in close proximity to popular restaurants, museums and downtown filled with local art shops and renowned restaurants, this location is prime. The property is on the Laguna Beach Trolley route, which transports Laguna's millions of annual tourists throughout the town. Don't miss out on this rare investment opportunity.
$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.
Address:354 N Coast Laguna Beach, CA 92651
Area:(NL) North Laguna
Subdivision:North Laguna (Nl)
Total Units: 7
Stories Total: 1
Unit 1: 1 Unit•1 Bed•1 Bath•1 Garage•Unfurnished•$2,950 actual rent•$2,950 total rent•$3,000 pro forma
Unit 2: 1 Unit•1 Bed•1 Bath•1 Garage•Unfurnished•$2,700 actual rent•$2,700 total rent•$3,000 pro forma
Unit 3: 2 Units•1 Bed•1 Bath•1 Garage•Unfurnished•$6,000 pro forma
Unit 4: 2 Units•2 Garages•Unfurnished•$3,607 actual rent•$7,214 total rent•$7,800 pro forma
Unit 5: 1 Unit•2 Garages•Unfurnished•$3,660 actual rent•$3,660 total rent•$3,900 pro forma
Basement: Cable TV, Electricity, Gas
Garage Spaces: 8
Features / Amenities
Interior: 2 Staircases, Balcony
Laundry: Dryer Included, Washer Included
Common Walls: 2+ Common Walls
Accessibility Features: 2+ Access Exits, Parking
Parking Total: 8
Appliances: 6 Burner Stove, Dishwasher, Refrigerator
Fireplace(s): Dining Room
Cooling Type: Central Air
Heating Type: Central
Lot Size: 0.14 Acres / 6,098 Sq. Ft.
Lot Features: 0-1 Unit/Acre
View: Ocean, Peek-A-Boo, White Water
Lot Number: 5
Sewer: Public Sewer
Directions:On PCH between Aster and Jasmine.
Tax and Financial Info
Tenant Pays: Cable TV, Electricity, Gas
Land Lease: No
Electric Expense: 1834.00
Gardener Expense: 1800.00
Maintenance Expense: 2640.00
Trash Expense: 1800.00
Water / Sewer Expense: 1003.00
Total Expenses: 74077.00
Gross Annual Income: 118053.00
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Listing provided courtesy of Michael Johnson, Compass.
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.