777 S Coast Highway

    Laguna Beach, CA 92651
    • $3,500,000
    • STATUS: Active
    • ON SITE: 299 days
    • ID#: OC17091305
    UPDATED: 31 min ago
    $3,500,000
    • 0
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,790
      SQFT
    • $1,955
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1929
    County:

    School Ratings & Info

    Description

    +G- Rare and Valuable Vacation Rental Permit, Ability to Rent as Vacation Rentals Year Round+G- One of only a Handful of Properties in Laguna Beach with a Legal Permit for Vacation Rentals+G- Spectacular Beach adjacent Location in Laguna+GGs Downtown Village+G- Ocean Views and Beach Access for Tenants+G- Walking Distance to Gourmet Restaurants, Cafe's, Art Galleries, and Retail Shopping+G- Consistent High Rental Demand with Waiting List for Vacation Rental TenantsThe subject property, Laguna Village, is a unique mixed use retail and multifamily property located on the ocean side of South Coast Highway within the Village of Laguna Beach. It is only steps away from the sandy beaches, markets, restaurants, and all the amenities of downtown Laguna. The property is comprised of a retail store with frontage on Coast Highway, and two stylishly furnished two-bedroom apartment units with decks, oceans views, and direct access to the village and the beautiful beaches on the coastline. The retail portion is fully leased to Otana Salon, who has operated their business for many years, catering to the local community as well as to tourists who frequent the area. The two apartment units are beautifully furnished two-bedroom units that can sleep 4-6 people.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-21T17:29:17.31. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.kristirobertsgroup.com/homes/72044408

    777 S Coast Highway Laguna Beach, CA 92651

    • Price: $3,500,000
    • Status: Active
    • Updated: 31 min ago
    • ID#: OC17091305
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    1,790
    SQFT
    $1,955
    $/SQFT
    1929
    Built
    Neighborhood:
    Main Beach (Bch)
    County:
    Orange
    Area:
    LV - Laguna Village
    Property Description
    +G- Rare and Valuable Vacation Rental Permit, Ability to Rent as Vacation Rentals Year Round+G- One of only a Handful of Properties in Laguna Beach with a Legal Permit for Vacation Rentals+G- Spectacular Beach adjacent Location in Laguna+GGs Downtown Village+G- Ocean Views and Beach Access for Tenants+G- Walking Distance to Gourmet Restaurants, Cafe's, Art Galleries, and Retail Shopping+G- Consistent High Rental Demand with Waiting List for Vacation Rental TenantsThe subject property, Laguna Village, is a unique mixed use retail and multifamily property located on the ocean side of South Coast Highway within the Village of Laguna Beach. It is only steps away from the sandy beaches, markets, restaurants, and all the amenities of downtown Laguna. The property is comprised of a retail store with frontage on Coast Highway, and two stylishly furnished two-bedroom apartment units with decks, oceans views, and direct access to the village and the beautiful beaches on the coastline. The retail portion is fully leased to Otana Salon, who has operated their business for many years, catering to the local community as well as to tourists who frequent the area. The two apartment units are beautifully furnished two-bedroom units that can sleep 4-6 people.
    Exterior Features

    Garage Spaces 0.00 Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Acres Parking Features Street Parking Total 0.00 Parking YN No Pool Features None Pool Private YN No Property Attached YN Yes Waterfront Features Beach AccessOcean AccessOcean Side Of Highway 1

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area 538 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Levels Three Or More

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 4.05 Community Features CurbsGuttersSidewalksStorm DrainsStreet Lighting Country Us Electric Expense 1837.00 Elevation Units Feet Fuel Expense 267.00 Gardener Expense 720.00 Gross Income 209388.00 Gross Operating Income 198213.00 Gross Scheduled Income 220539.00 Gross Spendable Income 198213.00 Insurance Expense 1102.00 Land Lease YN No Maintenance Expense 2500.00 Net Operating Income 141780.00 New Taxes Expense 37108.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Number Of Units Leased 3 Operating Expense 56433.00 Other Expense 9904.00 Other Expense Description Misc Property Sub Type Commercial/Residential Rent Control YN No Senior Community YN No Special Listing Conditions Standard Subdivision Name Other Main Beach (Bch) Tenant Pays Cable TvElectricityGas Total Actual Rent 17449.00 Total Expenses 56433.00 Trash Expense 2394.00 Vacancy Allowance Rate 11.50 Water Sewer Expense 601.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Mark Bridge of Marcus & Millichap Re Invest.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-21T17:29:17.31. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    Kristi Roberts Group, Inc.
    29910 Murrieta Hot Springs Road
    Murrieta CA, 92563