326-334 N Coast Hwy | Laguna Beach, CA 92651
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326-334 N Coast Hwy
Laguna Beach, CA 92651
The Gallery at Laguna Beach · Multifamily Property For Sale · 10 Units
Investment Highlights
- Rare mixed-use property in North Laguna Beach consisting of seven apartment units and three commercial spaces.
- Significant rental upside and current value add by converting the property to the original city permitted 11 apartments and 3 commercial spaces.
- Current lender may stay in at 60% loan to value and terms negotiable.
- Located on North Coast Highway adjacent to the Pacific Ocean, Heisler Park, and tenants and residents can walk to Main Beach and downtown.
- Ocean-view oriented property with commercial zoning that may allow a permit for short-term rentals via AUP.
- Select apartment interior renovations include backsplashes, stainless steel appliances, butchers block, porcelain tile flooring and washers & dryers.
PROPERTY FACTS
| No. Units | 10 | Lot Size | 0.22 AC |
| Property Type | Multifamily | Building Size | 8,789 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1954 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 8,789 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1954 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 3 | - | - |
| 2+2 | 1 | - | - |
| 3+1 | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 496-122-14 | Improvements Assessment | $1,020,000 |
| Land Assessment | $7,344,000 | Total Assessment | $8,364,000 |
PROPERTY TAXES
Parcel Number
496-122-14
Land Assessment
$7,344,000
Improvements Assessment
$1,020,000
Total Assessment
$8,364,000
zoning
| Zoning Code | C-1 |
| C-1 |
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