689 South Coast Highway

Laguna Beach, CA 92651

$2,125,000
Last Sold Price
Beds
2,042 Sq. Ft.
$1,041 / Sq. Ft.
2,042
Sq. Ft.
$1,041
per Sq. Ft.

Description

Rare mixed use retail property on the Ocean side of the Coast highway in desirable downtown Laguna Beach in the walk-able area of the Village shopping district. The street level retail space is voluminous and could be divided in to three shops. The second floor contains a three bedroom apartment that's just a short stroll from the Beach and walking distance to all of the shops, galleries and restaurants of downtown. There is also a very large storage garage in the rear. This property has 4 electric...Rare mixed use retail property on the Ocean side of the Coast highway in desirable downtown Laguna Beach in the walk-able area of the Village shopping district. The street level retail space is voluminous and could be divided in to three shops. The second floor contains a three bedroom apartment that's just a short stroll from the Beach and walking distance to all of the shops, galleries and restaurants of downtown. There is also a very large storage garage in the rear. This property has 4 electric meters and is prime for re-positioning.
  1. Listed by Mark Simon • DRE #00816134 • Brokerage DRE #01317331 • Berkshire Hathaway Homeservice
  2. Listed by Aaron Valenty • DRE #01509292 • Brokerage DRE #01317331 • Berkshire Hathaway HomeService

Property Details for 689 South Coast Highway

Parking Spaces Total
1
Total Units
4.0
Business Type
Retail
Lot Size Source
Assessor
Building Area Total
2042
Building Area Units
Square Feet
Stories Total
2
Parcel Number
64402106

Location

Listing Courtesy of Berkshire Hathaway Homeservice, Mark Simon, DRE #00816134; Berkshire Hathaway HomeService, Aaron Valenty, DRE #01509292

Sold By NONMEMBER MRML, General NONMEMBER, DRE #02010684

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LISTING UPDATED: 02/18/2022 01:56 AM

Property Details for 689 South Coast Highway

StatusClosed
MLS #NP21004621
Days on Market339
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1940
Lot Size0.05 AC / 2,178 SF
CountyOrange County

Location

Listing Courtesy of Berkshire Hathaway Homeservice, Mark Simon, DRE #00816134; Berkshire Hathaway HomeService, Aaron Valenty, DRE #01509292

Sold By NONMEMBER MRML, General NONMEMBER, DRE #02010684

Add your commute

Building Information for 689 South Coast Highway

Stories2Residences-Year Built1940Lot Size0.05 AC / 2,178 SF

Payment Calculator

$13,489 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,597

Property Taxes

$1,892

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 689 South Coast Highway

Income / Expense / Tax Details
Income Details
  • Gross Scheduled Income: $120,000
  • Net Operating Income: $81,900
  • Cap Rate: 3.15
Expense Details
  • Expense Year: $2,020
  • Electric Expense: $4,000
  • Insurance Expense: $2,500
  • Maintenance Expense: $1,000
  • Trash Expense: $1,000
  • Water Sewer Expense: $1,000
  • Real Estate Tax Expense: $28,600
  • Total Expenses: $38,100
Tax / Assessment Info
  • Tax Year: 2020
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Waterfront Features: Beach Access
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Land Use: Retail
  • Lease Considered: No
  • Water Source: Public
Parking Info
  • Uncovered Spaces: 0
  • Carport Spaces: 0
Property / Structure Info
  • Building Status: Existing
  • Asset Class: Retail
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Actual Rent: $3,500
  • Unit Type Area: 842
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 1
  • Unit Type Description: Residential Upstairs
Unit 2
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 2
  • Unit Type Actual Rent: $6,500
  • Unit Type Area: 1200
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 2
  • Unit Type Description: 3 Retail Units Downstairs
Unit Information
  • Number Of Units Leased: 1
  • Number Of Buildings: 1

Property History for 689 South 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 689 South Coast Highway

Taxable ValueLand$2,050,200Additions$102,000Total$2,152,200
Tax Record2023$22,702 ($1,892 / month)
Home Facts
Total Finished SqFt2,042 SqFtAbove Grade Finished SqFt2,042 SqFtStories2Lot Size2,251 SqFtStyleStoresYear Built1940CountyORANGEAPN644-021-06

Schools near 689 South 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. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Berkshire Hathaway Homeservice, Mark Simon, DRE #00816134; Berkshire Hathaway HomeService, Aaron Valenty, DRE #01509292

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.