$6,000,000
$6,595,000
9.0%For more information regarding the value of a property, please contact us for a free consultation.
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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Bought with Michael Johnson • Compass
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "