336 N Coast Hwy

Laguna Beach, CA, 92651

$9,250,000

$1,052 per ft²
$9,250,000
$1,052 per ft²
Active
Active
 - For Sale
beds
8 Beds
baths
10 Baths
carpenters-square
8,789 ft²
property_type
Multi-family
calendar
Built 1954
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.
MLS ID:
21-685362
Listed:
1/25/21
Updated:
6/24/21

Interior Features

Kitchen Appliances
Gas Or Electric Dryer Hookup
Total Bedrooms
8
Total Bathrooms
10
Floor Description
Vinyl
Cooling
Wall Unit(s), Air Conditioning

Exterior/Building Features

Lot Size
9,148 ft² lot
Architectural Style
Low Rise
Roof
Flat

Other Property Details

Attached Garage
Yes
Garage Spaces
4
Parking
Garage Is Attached
Parking Total
6.0
County
Orange
Total Stories
2
Zoning
C-1

Property History

Date
Event
Price
Value
6/9/21
Active
-
-
6/1/21
Sold
-
-

 

Courtesy of Peter Hauser, Avison Young – Southern CA LTD

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Trent Luxury shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2021 Combined L.A./Westside MLS. All rights reserved.

Data last updated 6/24/21

Contact Agent