$6,595,000 354 N Coast Laguna Beach, CA

MLS: LG20226129   Type: Income   County: Orange   City: Laguna Beach   Area: North Laguna   Neighborhood: North Laguna   Zip: 92651     Stories: 1

Mortgage $30,962 /mo

Beds

Baths

Half Baths

Sqr Footage

Lot Size

Built

7

7

0

0

6,098

1966

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.

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Price History

10/31/2020 Listed $6,595,000

Accessibility Safe Emergency Egress from Home, Parking
Additional Parcels Y/N No
Appliances 6 Burner Stove, Dishwasher, Refrigerator, Dryer, Washer
Community Features Hiking, Mountainous
Cooling Central Air
Garage Spaces 8
Garage Y/N Yes
Heating Central
Interior Features Balcony, Multiple Staircases
Land Lease Y/N No
Levels One
MLS Area NL - North Laguna
Pool Features None
Private Pool No
Property Attached Y/N Yes
Property Type Residential Income
Senior Community Y/N No
Sewer Public Sewer
Spa Features None
Subdivision Name North Laguna (NL)
Terms Cash, Cash to Existing Loan, Cash to New Loan
Total Actual Rent 16524
Total Units 7
View Ocean, Peek-A-Boo
Virtual Tour https://linktr.ee/mjgjustbreathe
Water Sewer Expense 1003

Interior Features

Air Conditioning Y/N Yes
Common Walls 2+ Common Walls
Fireplace Features Dining Room
Fireplace Y/N Yes
Heating Y/N Yes

Exterior Features

Lot Features 0-1 Unit/Acre
Lot Size Acres 0.14
Lot Size Area 6098
Lot Size Source Assessor
Lot Size Square Feet 6098
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 7
Number of Separate Gas Meters 7
Number of Separate Water Meters 7
Road Frontage Type City Street
Spa No
Total Parking 8
View Y/N Yes
Water Source Public

Property Schools



Direct Link:

https://www.lahomesbyjackson.com/property/25-LG20226129-354-N-Coast-Laguna-Beach-CA-92651

Gallery (40 photos)

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Property vs Zip Code Avg (92651)

Price 6.59M Avg 5.36M

Acres 0.14 Avg 0.15

Visits 297 Avg 176

Days on Site 172 Avg 94

Walkscore® 88 Avg 79

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: Michael Johnson with Compass.




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Location & Address

Jackson Mosley - DRE#01128579
Corporate Office Location: 2603 Camino Ramon Suite 200
San Ramon, CA
818-518-0740