Laguna Beach, CA 92651,354 N Coast
Laguna Beach, CA 92651,354 N Coast
Laguna Beach, CA 92651,354 N Coast
$6,000,000
Est. payment /mo
$6,595,000
9.0%
Est.Price: ?

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5,335 SqFt
SOLD DATE : 08/12/2021

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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California Regional MLS (CRMLS)
Listed by Michael Johnson • Compass
Bought with Michael Johnson • Compass
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