336 Coast Hwy, Laguna Beach, CA, 92651

336 Coast Hwy, Laguna Beach, CA, 92651 < >
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for sale
$9,250,000
Lot Size:0.21 Acres
Year Built:1954
Status:Active
MLS #:21685362
Date Updated:
For information contact:
CENTURY 21 Masters
909-595-6697
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Go See This Property
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.
Interior Details
Flooring: VinylLevels: Multi/Split
Stories Total: 2

Exterior Details
Garage Spaces: 4.00Lot Size Acres: 0.2100
Lot Size Dimensions: 75x120Number Of Buildings: 2
Number Of Units Total: 10Parking Total: 4.00
View: Coastline, Courtyard, City Lights, Ocean

Community Information
County Or Parish: OrangeDirections: The Gallery is located just steps to the sand in North Laguna Beach, the premier coastal destination in beautiful Southern California. Laguna Beach's resident population enjoys the atmosphere provided by the sandy beaches, canyons, and seaside hills.
MLS Area Major: NL - North LagunaParcel Number: 49612214
Zoning: C-1

Property Information From MLS Data
Year Built: 1954

Utilities
Heating: Wall Furnace, Forced Air

Listing Information Courtesy of:
List Agent First Name: Peter
List Agen tLast Name: Hauser
List Office Name: Avison Young – Southern CA LTD

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Monthly Payment for 336 Coast Hwy
This is an estimated monthly mortgage payment. Your actual financing will vary depending on your lender, local taxes, credit score and other factors.
Price:$9,250,000
Down Payment:
Loan Amount:$7,400,000
Loan Type:30 year fixed at %
Principal & Interest:
Property Taxes: (1.5%)
Homeowner's Insurance:
Total Payment:
Listing courtesy of Peter Hauser, Avison Young – Southern CA LTD

Information obtained from CACRMLS is current as of 4/16/2021 4:47 PM. Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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