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    354 N Coast

    Laguna Beach, CA 92651
    • $6,595,000
    • STATUS: Active
    • ON SITE: 164 days
    • ID#: LG20226129
    UPDATED: 67 min ago
    $6,595,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,335
      SQFT
    • $1,236
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1966
    County:

    School Ratings & Info

    Description

    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+GGs 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+GGs 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+GGt miss out on this rare investment opportunity.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-13T21:27:51.31. 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 deemed reliable but is not guaranteed accurate by the MLS or Realty Masters & Associates. Licensed in the State of California, USA.
    www.mckeeregroup.com/homes/111504163
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    354 N Coast Laguna Beach, CA 92651

    • Price: $6,595,000
    • Status: Active
    • Updated: 67 min ago
    • ID#: LG20226129
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    5,335
    SQFT
    $1,236
    $/SQFT
    1966
    Built
    Neighborhood:
    North Laguna (Nl)
    County:
    Orange
    Area:
    NL - North Laguna
    Property Description
    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+GGs 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+GGs 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+GGt miss out on this rare investment opportunity.
    Exterior Features

    Garage Spaces 8.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 8.00 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Spa Features None Spa YN No View OceanPeek-A-BooWhite Water View YN Yes

    Interior Features

    Appliances 6 Burner StoveDishwasherRefrigerator Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Central Air Cooling YN Yes Fireplace Features Dining Room Fireplace YN Yes Heating Central Heating YN Yes Interior Features 2 StaircasesBalcony Laundry Features Dryer IncludedWasher Included Levels One

    Property Features

    Accessibility Features 2+ Access ExitsParking Additional Parcels YN No Building Area Units Square Feet Community Features HikingMountainous Country Us Electric Expense 1834.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 1800.00 Gross Income 118053.00 Gross Scheduled Income 198288.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Maintenance Expense 2640.00 Net Operating Income 152260.00 New Construction YN No New Taxes Expense 65000.00 Number Of Separate Electric Meters 7 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 7 Number Of Units Leased 5 Operating Expense 46028.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other North Laguna (Nl) Tenant Pays Cable TvElectricityGas Total Actual Rent 16524.00 Total Expenses 74077.00 Trash Expense 1800.00 Water Sewer Expense 1003.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Michael Johnson of Compass and Inge Goericke-Bunn of Compass


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-13T21:27:51.31. 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 deemed reliable but is not guaranteed accurate by the MLS or Realty Masters & Associates. Licensed in the State of California, USA.
     
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