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$ 4,950,000
Est. payment | /mo
6,972 SqFt
$ 4,950,000
Est. payment | /mo
6,972 SqFt
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 6,972 sqft
Price per Sqft $709
MLS Listing ID CL25522119
HOA Y/N No
Year Built 1948
Lot Size 10,018 Sqft
Acres 0.23
Property Sub-Type Comm Ind For Sale
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
Interior
Fireplace No
Exterior
Total Parking Spaces 11
Building
New Construction No
Others
Tax ID 05610151
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Geoffrey Dewolf • Economos Dewolf, Inc.
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Debbi DiMaggio Betta
REALTOR | Partner | Lic# 01047447