354 N Coast, Laguna Beach

$6,595,000

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0 Bed
0 Bath
5,335 Sqft
.14 Acre
8 Garages

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.

Essential Information

MLS® #
LG20226129
Price
$6,595,000
Bathrooms
0.00
Square Footage
5,335
Acres
0.14
Year Built
1966
Type
Residential Income
Status
Active

Community Information

Address
354 N Coast
Area
North Laguna (NL)
Subdivision
North Laguna (NL)
City
Laguna Beach
County
Orange
State
CA
Zip Code
92651

Amenities

Parking Spaces
8
# of Garages
8

Interior

Heating
Central Furnace
Cooling
Central A/C
Fireplace
Yes
# of Stories
1
Stories
One Level

Appliances

6 Burner Stove, Dishwasher, Refrigerator

Exterior

Lot Description
0-1 Unit/Acre

Additional Information

Date Listed
October 30th, 2020
Days on Market
121

Listing Details

Agent
Michael Johnson(01429647)
Office
Compass

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Based on information from California Regional Multiple Listing Service, Inc. as of March 1st, 2021 at 8:42pm PST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.