For more information regarding the value of a property, please contact us for a free consultation.
336 N Coast Hwy Laguna Beach, CA 92651
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP
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
Read Less

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Avison Young – Southern CA LTD
GET MORE INFORMATION
