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    2880 S Coast Hwy

    Laguna Beach, CA 92651
    • $3,195,000
    • STATUS: Active
    • ON SITE: 551 days
    • ID#: OC20060773
    UPDATED: 22 min ago
    $3,195,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,658
      SQFT
    • $873
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1980
    County:

    School Ratings & Info

    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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-23T10:27:00.897. 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 or Robin McCann | EXIT Alliance Realty. Licensed in the State of California, USA.
    www.socalrealtyexpert.com/homes/104360331
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    2880 S Coast Hwy Laguna Beach, CA 92651

    • Price: $3,195,000
    • Status: Active
    • Updated: 22 min ago
    • ID#: OC20060773
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    3,658
    SQFT
    $873
    $/SQFT
    1980
    Built
    Neighborhood:
    SL - South Laguna
    County:
    Orange
    Area:
    SL - South Laguna
    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.
    Exterior Features

    Carport Spaces 9 Carport YN Yes Construction Materials Wood Siding Entry Level 2 Lot Features 2-5 Units/AcreCorner LotLevelNear Public TransitPavedRectangular LotStreet LevelZero Lot LineFlat Parking Total 9 Roof Asbestos Shingle Sign On Property YN Yes Topography Level Waterfront Features Ocean Side Of Freeway

    Interior Features

    Cooling Central AirElectricGas Cooling YN Yes Heating Central Heating YN Yes

    Property Features

    Additional Parcels YN No Anchors Co Tenants 2 Business Type Professional/OfficeProfessional Service Common Interest None Current Financing Conventional Electric Electricity - On PropertyStandard Land Lease YN No Laundry Features None Lease Considered YN Yes Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional1031 ExchangeLease BackOwner May Carry Number Of Units Leased 3 Property Sub Type Office Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Special Listing Conditions Standard Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Source Public Zoning Commercial

    Listing provided courtesy of Bob Wolff of Harcourts Prime Properties


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-23T10:27:00.897. 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 or Robin McCann | EXIT Alliance Realty. Licensed in the State of California, USA.
     
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    Robin McCann | EXIT Alliance Realty
    43521 Rige Park Drive, Suite 201
    Temecula CA, 92590