689 S Coast

    Laguna Beach, CA 92651
    • $2,600,000
    • STATUS: Active
    • ON SITE: 218 days
    • ID#: NP19249457
    UPDATED: 17 min ago
    $2,600,000
    • 0
      BEDS
    • 0.05
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,042
      SQFT
    • $1,273
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1940
    County:

    School Ratings & Info

    Description

    Rare mixed use retail property on the Ocean side of the Coast highway in desirable downtown Laguna Beach in the walk-able area of the Village shopping district. The street level retail space is voluminous and could be divided in to three shops. The second floor contains a three bedroom apartment that's just a short stroll from the Beach and walking distance to all of the shops, galleries and restaurants of downtown. There is also a very large separate storage unit in the rear. This property has 4 electric meters and is prime for re-positioning.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-29T11:27:13.17. 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/100235850

    689 S Coast Laguna Beach, CA 92651

    • Price: $2,600,000
    • Status: Active
    • Updated: 17 min ago
    • ID#: NP19249457
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.05
    Acres
    2,042
    SQFT
    $1,273
    $/SQFT
    1940
    Built
    Neighborhood:
    LV - Laguna Village
    County:
    Orange
    Area:
    LV - Laguna Village
    Property Description
    Rare mixed use retail property on the Ocean side of the Coast highway in desirable downtown Laguna Beach in the walk-able area of the Village shopping district. The street level retail space is voluminous and could be divided in to three shops. The second floor contains a three bedroom apartment that's just a short stroll from the Beach and walking distance to all of the shops, galleries and restaurants of downtown. There is also a very large separate storage unit in the rear. This property has 4 electric meters and is prime for re-positioning.
    Exterior Features

    Carport Spaces 0.00 Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Waterfront Features Beach Access

    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 Retail Cap Rate 3.15 Country Us Electric Expense 4000.00 Exclusions Ge Ro Expense Year 2018 Gross Scheduled Income 120000.00 Insurance Expense 2500.00 Land Use Retail Laundry YN No Leasable Area Units Square Feet Lease Considered YN No Maintenance Expense 1000.00 Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 81900.00 Number Of Units Leased 1 Property Sub Type Mixed Use Real Estate Tax Expense 28600.00 Residential Square Footage 842 Retail Square Footage 1200 Special Listing Conditions Standard Tax Year 2019 Total Expenses 38100.00 Total Monthly Rent 10000 Trash Expense 1000.00 Water Sewer Expense 1000.00 Water Source Public Zoning Commercial (Nec)

    Listing provided courtesy of Aaron Valenty of Berkshire Hathaway Homeservice and Mark Simon of Berkshire Hathaway Homeservice


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-29T11:27:13.17. 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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