Laguna Beach, CA 92651,336 N Coast Hwy
Laguna Beach, CA 92651,336 N Coast Hwy
Laguna Beach, CA 92651,336 N Coast Hwy
7
$8,200,000
$9,250,000
11.4%
Est.Price: ?

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8 BD
10 BA
8,789 SqFt

336 N Coast Hwy Laguna Beach, CA 92651

Est. payment /mo
SOLD DATE : 08/18/2021

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Key Details

Sold Price $8,200,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 8,789 sqft

Price per Sqft $932

MLS Listing ID 21-756938

Sold Date 08/18/21

Style Low Rise

Bedrooms 8

Year Built 1954

Lot Size 9,148 Sqft

Acres 0.21

Property Sub-Type Multi-Family

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.

Location

State CA

County Orange

Area North Laguna

Zoning C-1

Rooms

Other Rooms Other

Kitchen Granite Counters

Interior

Heating Wall, Forced Air

Cooling Wall Unit(s), Air Conditioning

Flooring Vinyl

Equipment Gas Or Electric Dryer Hookup

Exterior

Parking Features Garage Is Attached

Garage Spaces 6.0

Waterfront Description Ocean

View Y/N Yes

View Coastline, Courtyard, City Lights, Ocean

Roof Type Flat

Building

Story 2

Architectural Style Low Rise

Level or Stories Multi/Split

Others

Special Listing Condition Standard

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TheMLS (CLAW)
Listed by Avison Young – Southern CA LTD
Bought with Avison Young – Southern CA LTD

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Dontrell Griffin

Dontrell Griffin

Agent | License ID: 02181057

+1(424) 407-0107

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