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$ 4,950,000
Est. payment | /mo
10,018 Sqft Lot
$ 4,950,000
Est. payment | /mo
10,018 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25522119
HOA Y/N No
Year Built 1948
Lot Size 10,018 Sqft
Property Description
6,972-SF Multi-Tenant Retail Building Steps From the Pacific Ocean. Asking Price of $4,950,000 $710/sf (4.4% cap rate, proforma cap of 6.2%). PCH frontage with a rare private parking lot providing 11 exclusive stalls. Two retail tenants on 1st floor and US Postal Service on entire 2nd floor. Owner user potential: 2,250 SF is MTM (1/3rd of building). Laguna Beach regularly exceeds $600M in annual retail sales. New ordinance allowing up to 3,822-SF of residential on the 2nd floor. Exceptionally high household incomes and robust consumer spending.
Location
State CA
County Orange
Area Sl - South Laguna
Interior
Fireplace No
Exterior
Total Parking Spaces 11
Building
Story 2
Others
Tax ID 05610151
Special Listing Condition Standard
Listed by Geoffrey Dewolf • Economos Dewolf, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
101 N Indian Hill Blvd STE C1-208, Claremont, California, 91711, United States