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777 S Coast Highway, Laguna Beach, CA 92651

Property Details

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777 S Coast Highway
Laguna Beach, CA 92651

In Escrow / Under Contract: $3,500,000

Property Type: Triplex
MLS#: OC17091305

  • Building Size: 1790 SF
  • Lot Size: 2613.6 SF
  • Number of Units: 3
  • Number of Stories: 3
  • Year Built: 1929
  • Days on market: 421
  • Cap Rate: 4.05
  • Net Operating Income: $141,780
  • Gross Scheduled Income: $198,213
  • Rent Control: No
  • Contact Listing Agent Direct:
  • Mark Bridge, Marcus & Millichap RE Invest


Property Description

• 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.


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777 S Coast Highway, Laguna Beach, CA 92651

Based on information from California Regional Multiple Listing Service, Inc. as of March 26, 2018. 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.

Listing provided by: Mark Bridge, Marcus & Millichap RE Invest

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