326-336 N Coast Hwy - Apartments FOR SALE
Laguna Beach, CA 92651 |
326-336 N Coast Hwy
Laguna Beach, CA 92651
HIGHLIGHTS
- Rare mixed-use property in North Laguna Beach consisting of seven apartment units and three commercial spaces.
- Located on North Coast Highway adjacent to the Pacific Ocean, Heisler Park, and tenants and residents can walk to Main Beach and downtown.
- Significant rental upside and current value add by converting the property to the original city permitted 11 apartments and 3 commercial spaces.
- Ocean-view oriented property with commercial zoning that may allow a permit for short-term rentals via AUP.
- Current lender may stay in at 60% loan to value and terms negotiable.
- Select apartment interior renovations include backsplashes, stainless steel appliances, butchers block, porcelain tile flooring and washers & dryers.
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
The Gallery at Laguna Beach
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
8739
STORIES
2
YEAR BUILT
1913
PARKING SPACES
-
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
496-122-14
