Skip To Content

    354 N Coast

    Laguna Beach, CA 92651
    • $6,595,000
    • STATUS: Active
    • ON SITE: 170 days
    • ID#: LG20226129
    UPDATED: 112 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 owners 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, Boats 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. Dont miss out on this rare investment opportunity.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-19T09:26:24.037. 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 Zember Realty Group. Licensed in the State of California, USA.
    www.zemberrealtygroup.com/homes/111504163
    Print Image

    354 N Coast Laguna Beach, CA 92651

    • Price: $6,595,000
    • Status: Active
    • Updated: 112 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 owners 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, Boats 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. Dont miss out on this rare investment opportunity.
    Exterior Features

    Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 7 Parking Total 8 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-Boo View YN Yes

    Interior Features

    Accessibility Features Safe Emergency Egress From HomeParking Appliances 6 Burner StoveDishwasherRefrigeratorDryerWasher 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 BalconyMultiple Staircases

    Property Features

    Additional Parcels YN No Common Interest None Community Features HikingMountainous Electric Expense 1834 Fuel Expense 0 Garage YN Yes Gross Income 118053 Gross Scheduled Income 198288 Insurance Expense 0 Land Lease YN No Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To Existing LoanCash To New Loan Maintenance Expense 2640 Net Operating Income 152260 New Construction YN No New Taxes Expense 65000 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 7 Number Of Units Leased 5 Operating Expense 46028 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Total Actual Rent 16524 Trash Expense 1800 Water Sewer Expense 1003 Water Source Public

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


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-19T09:26:24.037. 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 Zember Realty Group. Licensed in the State of California, USA.
     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_364935738-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_364935738-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_364935738-1.jpg
    Logo
    Zember Realty Group
    1125 Linda Vista Dr.
    San Marcos CA, 92078