12
See all 12 photos
$3,995,000
Est. payment /mo
4,356 Sqft Lot
New
550 S Coast Laguna Beach, CA 92651
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID RS26113581
HOA Y/N No
Lot Size 4,356 Sqft
Property Sub-Type Retail
Property Description
Rare opportunity to acquire 550 S Coast Highway, a six-unit multi-tenant retail asset located on one of the most iconic stretches of Pacific Coast Highway in Laguna Beach. The 2,625 SF building sits on a 4,400 SF lot in the CBD-V zoning district, surrounded by galleries, restaurants, boutique retail, and the year-round tourism that defines Laguna Beach's coastal village corridor.
The property currently generates $13,540/month in gross rental income across five occupied units, with a sixth unit currently used by Seller for storage and producing no income. Existing rents are significantly below market, creating a clear value-add opportunity through lease renewals, rent adjustments, and conversion of the storage space into income-producing tenancy. Based on market rent assumptions, the property projects to a stabilized Year 2 NOI of $211,527, representing a 5.30% cap rate.
Located in one of Southern California's most affluent and supply-constrained coastal markets, 550 S Coast Highway offers irreplaceable frontage, stable in-place income, and a compelling path to future growth in the heart of Laguna Beach's renowned arts, retail, and tourism corridor.
The property currently generates $13,540/month in gross rental income across five occupied units, with a sixth unit currently used by Seller for storage and producing no income. Existing rents are significantly below market, creating a clear value-add opportunity through lease renewals, rent adjustments, and conversion of the storage space into income-producing tenancy. Based on market rent assumptions, the property projects to a stabilized Year 2 NOI of $211,527, representing a 5.30% cap rate.
Located in one of Southern California's most affluent and supply-constrained coastal markets, 550 S Coast Highway offers irreplaceable frontage, stable in-place income, and a compelling path to future growth in the heart of Laguna Beach's renowned arts, retail, and tourism corridor.
Location
State CA
County Orange
Area Lv - Laguna Village
Zoning CBD-V
Interior
Fireplace No
Laundry None
Exterior
Present Use Commercial
Building
Lot Description 0-1 Unit/Acre, Level, Near Public Transit, Paved, Rectangular Lot, Walkstreet
Story 2
Water Public
Others
Tax ID 64401510
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
Listed by Andrew McAllister eXp Realty of Greater L.A 925-683-9203, DRE #01946829
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION