2924 SOUTH COAST HWY, LAGUNA BEACH

$2,800,000

SUBMIT ALL OFFERS! SELLER MOTIVATED! The subject property is a mixed used apartment/retail totaling (8) units, that consist of (2) Studios, (3) 1BR/1BA, (1) 1BR/1BA Cottage and (2) retail stores. The property consists of two individual parcels which could be sold separately. All apartment units receive spectacular ocean views over Pacific Coast Highway while the retail has prime frontage on Pacific Coast Highway. The buildings has been family owned for 30+ years with long term tenants leaving current rents well below market levels. A new investor can improve the physical attributes of the building allowing major increases in rents and total income to achieve significantly higher cash flow. Actual address…