$4,950,000

Est. payment - /mo

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10,018 Sqft Lot

Active

31678 Coast HWY Laguna Beach, CA 92651

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The Brandon Drew Group

financing@tbdgmortgage.com +1(909) 944-8800

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 25522119

HOA Y/N No

Year Built 1948

Lot Size 10,018 Sqft

Property Description

6,972-SF Multi-Tenant Retail Building Steps From the Pacific Ocean. Asking Price of $4,950,000 $710/sf (4.4% cap rate, proforma cap of 6.2%). PCH frontage with a rare private parking lot providing 11 exclusive stalls. Two retail tenants on 1st floor and US Postal Service on entire 2nd floor. Owner user potential: 2,250 SF is MTM (1/3rd of building). Laguna Beach regularly exceeds $600M in annual retail sales. New ordinance allowing up to 3,822-SF of residential on the 2nd floor. Exceptionally high household incomes and robust consumer spending.

Location

State CA

County Orange

Area Sl - South Laguna

Interior

Fireplace No

Exterior

Total Parking Spaces 11

Building

Story 2

Others

Tax ID 05610151

Special Listing Condition Standard

Listed by Geoffrey Dewolf • Economos Dewolf, Inc.

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