Laguna Beach, CA 92651,2880 S Coast Hwy
Laguna Beach, CA 92651,2880 S Coast Hwy
Laguna Beach, CA 92651,2880 S Coast Hwy
Laguna Beach, CA 92651,2880 S Coast Hwy
Laguna Beach, CA 92651,2880 S Coast Hwy
Laguna Beach, CA 92651,2880 S Coast Hwy
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$3,000,000

$3,195,000

6.1%
Est.Price: ?

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Est. payment /mo

5,227 Sqft Lot


SOLD DATE : 09/21/2022

Key Details

Sold Price $3,000,000

Property Type Commercial

Sub Type Office

Listing Status Sold

Purchase Type For Sale

MLS Listing ID OC20060773

Sold Date 09/21/22

HOA Y/N No

Year Built 1980

Lot Size 5,227 Sqft

Property Description

Truly an incredible opportunity to own a 3-unit, freestanding "Ocean View" commercial office building in the City limits of Laguna Beach. This 1980 constructed commercial building provides 9 covered parking stalls as well as street parking. Outstanding outside deck/community areas and tremendous views from many vantage points. Currently occupied by three tenants providing Architectural and Structural Engineering Services and Healthcare Supplements. Existing rents are currently "under market rates" as the two owners are majority occupants and tenants of this building. This has outstanding proximity to both cities of Laguna Beach and Dana Point, a fantastic location and frontage on Pacific Coast Highway. Visual exposure of this office building is outstanding. Easy access to the I-5 freeway and John Wayne Airport. This commercial office building has been extremely well cared for by its owners. Contiguous high profile restaurant next door provides additional income by leasing parking during after normal business hours with its own valet parking staff. This is a great opportunity for either an owner occupant or investor. It is also possible that only 50% of this building could be purchased.

Location

State CA

County Orange

Area Sl - South Laguna

Zoning commercial

Interior

Heating Central

Cooling CentralAir, Electric, Gas

Fireplace No

Laundry None

Exterior

Carport Spaces 9

Utilities Available ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected

Waterfront Description OceanSideOfFreeway

Roof Type AsbestosShingle

Total Parking Spaces 9

Building

Lot Description Item25UnitsAcre, CornerLot, Level, NearPublicTransit, Paved, RectangularLot, StreetLevel, ZeroLotLine, Flat

Story 2

Water Public

Others

Tax ID 65616421

Security Features CarbonMonoxideDetectors,SmokeDetectors

Acceptable Financing Cash, CashtoNewLoan, Conventional, Item1031Exchange, LeaseBack, OwnerMayCarry

Listing Terms Cash, CashtoNewLoan, Conventional, Item1031Exchange, LeaseBack, OwnerMayCarry

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Bob Wolff • Harcourts Prime Properties
Bought with Ron Wright • Berkshire Hathaway HomeService
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+1(559) 593-3088

miguelsanchez@tsret.com

7475 N Palm Ave STE 105, Fresno, CA, 93711

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