1404 N Coast Hwy - Hospitality FOR SALE
Laguna Beach, CA 92651 |
$10,495,000 USD
949-622-3403
1404 N Coast Hwy
Laguna Beach, CA 92651
HIGHLIGHTS
- PREMIER COASTAL LOCATION: Steps from Crescent Bay Beach and minutes from downtown Laguna Beach’s shops, galleries, and dining.
- UNTAPPED REVENUE STREAMS: Recently secured Type 66 (complimentary tastings for marketing) and Type 70 licenses
- HIGH BARRIERS TO ENTRY: Strict zoning and limited new development protect long-term rate and occupancy growth.
- F&B EXPANSION OPPORTUNITY: Existing 1BR/1BA unit provides a turnkey opportunity to expand F&B offerings.
- RECENT RENOVATIONS DRIVING PERFORMANCE: Following comprehensive renovations in 2019 and 2024, the property has achieved RevPAR growth of over 42%.
FOR SALE DETAILS
PRICE
$10,495,000 USD
PRICE/SF
$508 USD /SF
# OF ROOMS
28
PRICE/ROOM
$374,821 {currency}
CAP RATE
Request Cap Rate
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Costa Art Hotel Laguna Beach
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
-
STORIES
3
ROOM ENTRANCE
Exterior
BUILDING CLASS
B
YEAR BUILT
1992
PARKING SPACES
26
LAND DETAILS
LAND ACRES
0.36 AC
LAND SF
15,682 SF
ZONING
C1, Laguna Beach
APN/PARCEL ID
053-122-28
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949-622-3403
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949-622-3403
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