336 N Coast Hwy, Laguna Beach, CA 92651

$9,250,000
8
BD
10
BA
8,789
SqFt
List Price
$9,250,000
MLS#
21-685362
Bedrooms
8
Bathrooms
10
Living Sq. Ft
8,789
Lot Size
9,148
Property Type
Multifamily
Residential Style
Low Rise

Property Description

Significant rental upside and current value add by converting property to original city permitted 11 apartments and 3 commercial spaces. The property is zoned Commercial and the City may entertain a permit allowing for weekly short-term rentals. If this is accomplished this may increase the property's income and value substantially. The Gallery is an ideal opportunity for a investor to take advantage of purchasing a rarely-available commercial mixed-use property in the world class resort town of Laguna Beach, California. $300,000 Cap X spent the past 5 years: 80% new roofs, vertical plumbing lines, electrical, waste-lines, wood replacement and interior apartment upgrades. Partial interior renovations of the apartment homes include quartz counters in the kitchen and bathrooms, hardwood flooring and stainless appliance packages. The new owner will have the ability to to take over operations and take advantage of additional rental growth by increasing the income to market levels.

Additional Information

Stories
2
Year Built
1954
View
Coastline, Courtyard, City Lights, Ocean
Number of Cars in Garage
Garage Is Attached
Kitchen Features
Granite Counters
Heat
Wall, Forced Air
Cooling
Wall Unit(s), Air Conditioning
Style
Low Rise

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Courtesy of , Peter Hauser.

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