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Key Details
Sold Price $6,000,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 5,335 sqft
Price per Sqft $1,124
MLS Listing ID LG20227069
Sold Date 08/12/21
HOA Y/N No
Year Built 1966
Lot Size 6,098 Sqft
Acres 0.14
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’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.
Location
State CA
County Orange
Area Nl - North Laguna
Rooms
Ensuite Laundry Inside
Interior
Laundry Location Inside
Heating Central
Cooling Central Air
Fireplace No
Laundry Inside
Exterior
Community Features Park
Building
Lot Description 6-10 Units/Acre, Near Park, Near Public Transit
Story 1
Water Public
Others
Tax ID 49612216
Acceptable Financing Cash, Cash to New Loan, Contract
Listing Terms Cash, Cash to New Loan, Contract
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Michael Johnson • Compass
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