Water Views
Address
336 N Coast Highway Laguna Beach, CA
Price
$ 9,250,000
Property Attributes
  • MLS#21685362
  • TypeIncome
  • CountyORANGE
  • CityLaguna Beach
  • AreaNorth Laguna
  • Zip92651
  • Style
  • Price$ 9,250,000
  • Bedrooms10
  • Full Bathrooms10
  • Half Bathrooms0
  • Lot Size9,148 SqFt
Listing Provided Courtesy Of:
Peter Hauser with Avison Young – Southern CA LTD.
Data Source:
CRMLS
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.

Price History
1/27/2021 Listed $9,250,000

General Features

Community Features Gated
Flooring Vinyl
Garage Spaces 4
Garage Y/N Yes
Heating Forced Air, Wall Furnace
Levels Multi/Split
Listing Agent Peter Hauser - BRE#00856966
Listing Agent State License 00856966
MLS Area NL - North Laguna
Property Type Residential Income
Security Features Gated Community
Special Listing Conditions Standard
Total Units 10
View City Lights, Coastline, Courtyard, Ocean
Waterfront Features Ocean Front
Zoning C-1

Interior Features

Heating Y/N Yes

Exterior Features

Lot Dimensions 75x120
Lot Size Acres 0.21
Lot Size Area 9148
Lot Size Square Feet 9148
Lot Size Units Square Feet
Number of Buildings 2
Total Parking 4
View Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 92651

Price
AVG $5.26M
$9.25M
Visits
AVG 272
269
Year Built
AVG 1959
1954
Walkscore
AVG 76
88
Data Provided by Walkscore ® not using MLS data

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