1956 S Coast

    Laguna Beach, CA 92651
    • $5,678,000
    • STATUS: Active
    • ON SITE: 544 days
    • ID#: OC18120431
    UPDATED: 58 min ago
    $5,678,000
    • 0
      BEDS
    • 0.31
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,309
      SQFT
    • $900
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1950
    County:

    School Ratings & Info

    Description

    Subject Property Offers Ample Parking With 24 Parking Spaces Which is Extremely Rare in the Submarket / Prime Retail Location on Pacific Coast Highway / Neighboring the Subject Property are a Number of Popular Hotels Such as The Surf N+GG Sand, The Montage, and the Laguna Beach Inn that Bring Constant Foot Traffic to the Area / Majority of Tenants are Internet Resistant and are Predominantly Service and Food Use / Property can be Registered as Historical by the City of Laguna Offering an Opportunity to Pay Significantly Lower Taxes on the Property / The Subject Property is Located on the Highly Trafficked Pacific Coast Highway (45,000 VPD) / The City+GGs Free Trolley Stops Right in Front of Subject Property and Ferries More than 1 Million Visitors Annually and Now Connects with the Dana Point Trolley Bringing Even More Visitors to the Area

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-18T18:29:33.25. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/83832324

    1956 S Coast Laguna Beach, CA 92651

    • Price: $5,678,000
    • Status: Active
    • Updated: 58 min ago
    • ID#: OC18120431
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.31
    Acres
    6,309
    SQFT
    $900
    $/SQFT
    1950
    Built
    Neighborhood:
    LV - Laguna Village
    County:
    Orange
    Area:
    LV - Laguna Village
    Property Description
    Subject Property Offers Ample Parking With 24 Parking Spaces Which is Extremely Rare in the Submarket / Prime Retail Location on Pacific Coast Highway / Neighboring the Subject Property are a Number of Popular Hotels Such as The Surf N+GG Sand, The Montage, and the Laguna Beach Inn that Bring Constant Foot Traffic to the Area / Majority of Tenants are Internet Resistant and are Predominantly Service and Food Use / Property can be Registered as Historical by the City of Laguna Offering an Opportunity to Pay Significantly Lower Taxes on the Property / The Subject Property is Located on the Highly Trafficked Pacific Coast Highway (45,000 VPD) / The City+GGs Free Trolley Stops Right in Front of Subject Property and Ferries More than 1 Million Visitors Annually and Now Connects with the Dana Point Trolley Bringing Even More Visitors to the Area
    Exterior Features

    Lot Features 2-5 Units/Acre6-10 Units/Acre11-15 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Ratio 3.80

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Accounting Type Proforma Additional Parcels YN No Asset Class Retail Building Area Units Square Feet Building Status Existing Business Type AthleticCommercialDecoratorFood & BeverageRestaurantRetailStrip Mall Cap Rate 2.85 Country Us Gross Scheduled Income 161029.00 Investment Property YN Yes Land Use Retail Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 204599.00 Number Of Units Leased 7 Occupancy Occupied Property Sub Type Retail Residential Square Footage 603 Retail Center Type Unanchored Retail Square Footage 5706 Special Listing Conditions Standard Water Source Other

    Listing provided courtesy of Ronnie Duong of Gateway Commercial


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-18T18:29:33.25. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
     
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