354 North Coast Highway

Laguna Beach, CA 92651

$6,000,000
Last Sold Price
3
Beds
4
Baths
5,335 Sq. Ft.
$1,125 / Sq. Ft.
5,335
Sq. Ft.
$1,125
per Sq. Ft.

Description

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...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.

Listing Agents

  1. Mike Johnson

    Mike Johnson

    Listing Agent

    Compass

    DRE #01429647

  2. Inge Bunn

    Inge Bunn

    Alternative Listing Agent

    Compass

    DRE #00641176

    inge.bunn@compass.com

    P: 949.500.6462

Property Details for 354 North Coast Highway

View
Ocean, Peek-A-Boo, White Water
Parking Spaces Total
8
Private Pool
No
Cooling Type
Central Forced Air
Total Units
7.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
5335

Location

Listing Courtesy of Compass, Mike Johnson, DRE #01429647; Compass, Inge Bunn, DRE #00641176

Sold By Compass, Mike Johnson, DRE #01429647

Add your commute
LISTING UPDATED: 08/12/2021 03:31 PM

Property Details for 354 North Coast Highway

StatusClosed
MLS #LG20226129
Days on Market234
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1966
Lot Size0.14 AC / 6,098 SF
CountyOrange County

Location

Listing Courtesy of Compass, Mike Johnson, DRE #01429647; Compass, Inge Bunn, DRE #00641176

Sold By Compass, Mike Johnson, DRE #01429647

Add your commute

Building Information for 354 North Coast Highway

Stories1Residences-Year Built1966Building Size-Lot Size0.14 AC / 6,098 SF

Payment Calculator

$37,983 per month

30 year fixed, 7.25% Interest

Principal and Interest

$32,744

Property Taxes

$5,239

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 354 North Coast Highway

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $118,053
  • Gross Scheduled Income: $198,288
  • Net Operating Income: $152,260
  • Financing: Cash
Expense Details
  • Operating Expense: $46,028
  • New Taxes Expense: $65,000
  • Gardener Expense: $1,800
  • Fuel Expense: $0
  • Electric Expense: $1,834
  • Insurance Expense: $0
  • Maintenance Expense: $2,640
  • Professional Management Expense: $0
  • Trash Expense: $1,800
  • Water Sewer Expense: $1,003
  • Total Expenses: $74,077
Tax / Assessment Info
  • Tax Block: 19
  • Tax Tract Number: 412
  • Tax Census Tract: 626.05
  • Tax Lot: 5
Community / Development
Community / Development
  • Accessibility Features: 2+ Access Exits, Parking
  • Disability Access: 2+ Access Exits, Other Main Level Modifications
  • Community Features: Hiking, Mountainous
Property / Structure Info
Interior Features
  • Appliances: 6 Burner Stove, Dishwasher, Refrigerator
  • Equipment: Dishwasher, Dryer, Refrigerator, Washer
  • Interior Features: 2 Staircases, Balcony
  • Laundry: Yes
  • Laundry Features: Dryer Included, Washer Included
  • Fireplace Features: Dining Room
  • Fireplace Rooms: Dining
  • Cooling: Central Air
  • Heating: Central
  • Virtual Tour URL Unbranded: https://linktr.ee/mjgjustbreathe
Exterior Features
  • View Description: Ocean, Peek-A-Boo, White Water
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 7
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Frontage Type: City Street
  • Levels: One
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 8
  • Parking Garage Spaces: 8
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: North Laguna
  • Builders Tract Code: North Laguna (NL)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,950
  • Unit Type Total Rent: $2,950
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,700
  • Unit Type Total Rent: $2,700
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 6000
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,607
  • Unit Type Total Rent: $7,214
  • Unit Type Pro Forma: 7800
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,660
  • Unit Type Total Rent: $3,660
  • Unit Type Pro Forma: 3900
  • Unit Type Type: 5
Unit Information
  • Number Of Units Leased: 5
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 7

Property History for 354 North Coast Highway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 354 North Coast Highway

Taxable ValueLand$5,406,000Additions$714,000Total$6,120,000
Tax Record2023$62,870 ($5,239 / month)
Home Facts
Total Finished SqFt2,500 SqFtAbove Grade Finished SqFt2,500 SqFtStories1Lot Size6,000 SqFtStyleStoresYear Built1966CountyORANGEAPN496-122-16

Schools near 354 North Coast Highway

This home is within Laguna Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Private - K to 3
Rating
School
Distance
El Morro Elementary School
PublicK to 5

Thurston Middle School
Public6 to 8

Laguna Beach High School
Public9 to 12

LEA Stone
PrivateK to 3

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Mike Johnson, DRE #01429647; Compass, Inge Bunn, DRE #00641176

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.