31678 S Coast Highway

    Laguna Beach, CA 92651
    • $3,950,000
    • STATUS: Active
    • ON SITE: 237 days
    • ID#: PW18089227
    UPDATED: 36 min ago
    $3,950,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,972
      SQFT
    • $567
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1948
    County:

    School Ratings & Info

    Description

    This property gives the buyer the opportunity to own street-front retail on one of the most desirable streets in one of the most affluent areas of Orange County. Home to the South Laguna Beach Post Office, this property has a very strong, high-paying anchor, with the opportunity to add value in one of the recently vacated spaces. Near bus transit lines and steps from Table Rock Beach and Mission Hospital, this property is an ideal location for foot traffic, and close to major employment centers. With breathtaking ocean views and an outstanding location, this property represents an excellent investment opportunity.Investment Highlights: - Post office taking almost half of the space in building and paying $3.91/SF - One of the busiest roadways in Orange County - Vacant space well laid out for restaurant or food service tenant.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-12T17:30:23.68. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.sonyathebroker.com/homes/82723456

    31678 S Coast Highway Laguna Beach, CA 92651

    • Price: $3,950,000
    • Status: Active
    • Updated: 36 min ago
    • ID#: PW18089227
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    6,972
    SQFT
    $567
    $/SQFT
    1948
    Built
    Neighborhood:
    SL - South Laguna
    County:
    Orange
    Area:
    SL - South Laguna
    Property Description
    This property gives the buyer the opportunity to own street-front retail on one of the most desirable streets in one of the most affluent areas of Orange County. Home to the South Laguna Beach Post Office, this property has a very strong, high-paying anchor, with the opportunity to add value in one of the recently vacated spaces. Near bus transit lines and steps from Table Rock Beach and Mission Hospital, this property is an ideal location for foot traffic, and close to major employment centers. With breathtaking ocean views and an outstanding location, this property represents an excellent investment opportunity.Investment Highlights: - Post office taking almost half of the space in building and paying $3.91/SF - One of the busiest roadways in Orange County - Vacant space well laid out for restaurant or food service tenant.
    Exterior Features

    Lot Features Lot 6500-9999Lot Shape-FlagNear Public TransitNo Landscaping Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features None Office Class B

    Property Features

    Additional Parcels YN No Asset Class Retail Building Area Units Square Feet Building Status Existing Cap Rate 4.17 Country Us Expense Year 2017 Gross Scheduled Income 242227.00 Investment Property YN Yes Land Use Retail Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 166201.00 Operating Expense 63915.00 Property Sub Type Retail Retail Square Footage 6972 Special Listing Conditions Standard Total Expenses 63915.00 Vacancy Allowance Rate 5.00 Water Source Public

    Listing provided courtesy of Robert Clippinger of Clippinger Investment Prop Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-12T17:30:23.68. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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