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777 S Coast Highway
Laguna Beach, CA 92651

$3,200,000 
  • -- Beds
  • -- Baths
  • 1,790 sqft
  • Residential Income | Commercial/Residential
  • Active
777 S Coast Highway, Laguna Beach - 229695810
777 S Coast Highway, Laguna Beach - 229695811
777 S Coast Highway, Laguna Beach - 229695812
777 S Coast Highway, Laguna Beach - 229695813
777 S Coast Highway, Laguna Beach - 229695814

Property Description for 777 S Coast Highway, Laguna Beach CA 92651

• Rare and Valuable Vacation Rental Permit, Ability to Rent as Vacation Rentals Year Round • One of only a Handful of Properties in Laguna Beach with a Legal Permit for Vacation Rentals • Spectacular Beach adjacent Location in Laguna’s Downtown Village • Ocean Views and Beach Access for Tenants • Walking Distance to Gourmet Restaurants, Cafe's, Art Galleries, and Retail Shopping • Consistent High Rental Demand with Waiting List for Vacation Rental Tenants The subject property, Laguna Village, is a unique mixed use retail and multifamily property located on the ocean side of South Coast Highway within the Village of Laguna Beach. It is only steps away from the sandy beaches, markets, restaurants, and all the amenities of downtown Laguna. The property is comprised of a retail store with frontage on Coast Highway, and two stylishly furnished two-bedroom apartment units with decks, oceans views, and direct access to the village and the beautiful beaches on the coastline. The retail portion is fully leased to Otana Salon, who has operated their business for many years, catering to the local community as well as to tourists who frequent the area. The two apartment units are beautifully furnished two-bedroom units that can sleep 4-6 people.

  • Property Class: Residential Income
  • Listing Status: Active
  • City: Laguna Beach
  • State: CA
  • Zip: 92651
  • Area: LV - Laguna Village
  • County: Orange
  • Class: Residential Income
  • Property Subtype: Commercial/Residential
  • Stories: 3
  • Baths (F/H): -- / --
  • Baths Partial: 0
  • Living Area (SqFt): 1,790 sqft
  • Lot Sq Ft Apx: 2613.60
  • Year Built: 1929
  • Listing#: OC17091305
  • HOA Fee: 0.00
  • Parcel Number: 64402305
  • List Date: 4/27/2017
  • Last updated on: 4/20/2018

Property Features for 777 S Coast Highway, Laguna Beach CA 92651

  • Parking Features: Street
  • Water Access: Beach
  • Year Built: 1929
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lighting
  • Lot Desc: 2-5 Units/Acre
  • Pool: None

Additional Information for 777 S Coast Highway, Laguna Beach CA 92651

  • Bedroom 2 Area: 538
  • Expenses: 56433.00
  • Garage Style: Street
  • Gross Building Area: 1790.00
  • Gross Income: 198213.00
  • Net Income: 141780.00
  • Rent Income: 17449.00
  • Subdivision: Main Beach (BCH)
Courtesy of Mark Bridge, Marcus & Millichap Re Invest
Copyright 2018, California Regional Multiple Listing Service, Inc.. All Rights Reserved.
Based on information from California Regional Multiple Listing Service, Inc. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.