336 N. Coast Hwy., Laguna Beach, CA 92651 - 20614698 - iPro Real Estate
iPro Real Estate

iPro Real Estate

336 N. Coast Hwy.
Laguna Beach, CA 92651

Active, Multi-Family/Income Sale

For Sale

$9,750,000

Free Professional CMA

Listing ID : 20614698

  • Beds

    2
  • Year

    1954

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 Be

Details

Type: Multi-Family/Income Sale 
County: Orange 
Tax ID: 49612214
Net Operating Income: $323,172 
Days on Market: 690 
Heating: Forced Air 
Number of Units: 10 
Property Type: Residential Income 
Sub Type: Multi Family 
Zoning: C-1 

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Interactive

33.544361 -117.788849 $9,750,000 20614698
336 N. Coast Hwy., Laguna Beach, CA 92651
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Area Information 92651

Population:

30,411 Up .06% since 2010
Average Income:
$204,808
Average Age:
47Years
Gender:
50.38%Male
49.62%Female
Households:
13,81121.03% with children
Average Value:
$2,695,256
Occupancy:
56.83%Owned
43.17%Rented
13.83%Vacant
Education:
5.54%High School
5.91%Associate
40.47%Bachelor
30.06%Graduate
Average Residency:
19Years
Crime Rate:
Above Average
Annual Rainfall:
14.02Inches
Earthquake Risk:
Very High
Hail Risk:
Very Low
Hurricane Risk:
Very Low
Ozone Risk:
Average
Pollution Risk:
Average
Tornado Risk:
Below Average
Wind Risk:
Very Low

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Listed by Peter Hauser with Avison Young – Southern CA LTD