Laguna Beach, CA 92651,354 N Coast
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Laguna Beach, CA 92651,354 N Coast
Laguna Beach, CA 92651,354 N Coast
Laguna Beach, CA 92651,354 N Coast
Laguna Beach, CA 92651,354 N Coast

$6,000,000

Est. payment /mo

$6,595,000

9.0%
Est.Price: ?

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354 N Coast Laguna Beach, CA 92651

6,098 Sqft Lot

SOLD DATE : 08/12/2021

Key Details

Sold Price $6,000,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision North Laguna (Nl)

MLS Listing ID LG20226129

Sold Date 08/12/21

HOA Y/N No

Year Built 1966

Lot Size 6,098 Sqft

Property Description

A rare available trophy income property located in spectacular Laguna Beach! Situated on storied Gallery Row - a prime, high foot-traffic area in North Laguna, 354 North Coast Hwy is a mixed-use investment property you will not want to miss. The current owners have made extensive structural and cosmetic renovations to the building exterior and interiors. Beautifully maintained and well-kept, this mixed retail and residential has three occupied commercial units fronting the high foot-traffic zone of North Coast Highway, with four residential ocean-view units. The commercial units are currently occupied by two veteran art galleries and a long-established jewelry store. - modern, tasteful, and clean. Apartments A and B are one bedroom, one bathroom units with ocean views. Apartments C and D are currently combined for use as a two bedroom owner’s unit, but can easily be split back to two additional one bedroom units. Highly-rated and stable tenants in all occupied units. Located blocks to North Laguna Beaches (Heisler, Shaws Cove, Crescent Bay, Boat’s Canyon) and in close proximity to popular restaurants, museums and downtown filled with local art shops and renowned restaurants, this location is prime. The property is on the Laguna Beach Trolley route, which transports Laguna's millions of annual tourists throughout the town. Don’t miss out on this rare investment opportunity.

Location

State CA

County Orange

Area Nl - North Laguna

Interior

Interior Features Balcony, Multiple Staircases

Heating Central

Cooling Central Air

Fireplaces Type Dining Room

Fireplace Yes

Appliance 6 Burner Stove, Dishwasher, Refrigerator, Dryer, Washer

Exterior

Garage Spaces 8.0

Garage Description 8.0

Pool None

Community Features Hiking, Mountainous

View Y/N Yes

View Ocean, Peek-A-Boo

Accessibility Safe Emergency Egress from Home, Parking

Total Parking Spaces 8

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 49612216

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Michael Johnson • Compass
Bought with Michael Johnson • Compass

Engel & Völkers Palm Desert

Broker | License ID: d24350

+1(909) 327-2223

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