Mixed-Use Building with
For Sale
$19,900,000
1369 N Coast Highway, Laguna Beach, CA 92651
Commercial suites share the property with two penthouse residences, elevator access, and on-site parking.
Property Size26,000 SF
Price / SF$765.38
Days on Market63
Property Features for 1369 N Coast Highway
General Information
Standard status
Active
Size
26,000 SF
Property subtype
Mixed Use
Building Details
Building Size
26,000 SF
Year Built
2024
Listing Agency:
First Team Real Estate
(949) 702-7752
Listed By:
Beau Beardslee · License #01940693
(949) 389-0004
Source:
Zregroup
Added: Sep 3
Changed: Nov 3
Last Checked: Nov 3 at 8:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of First Team Real Estate
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Investment Insights
Based on property information with market context.
Completed in 2024, this mixed-use property has 26,000 square feet overall, including approximately 6,500 square feet of commercial space arranged as three units. The commercial area is offered in build-out condition. A central courtyard, elevator access, and a gated garage with keypad entry serve the property, which has 26 on-site parking spaces. Two penthouse residences occupy the upper portion of the building; each includes a private elevator and three secured parking spaces, with panoramic ocean views.
The property is at the intersection of Cliff Drive and Coast Highway in Laguna Beach, on the ocean side of Pacific Coast Highway. Nearby context includes beaches, galleries, resorts, and dining establishments.
The property is at the intersection of Cliff Drive and Coast Highway in Laguna Beach, on the ocean side of Pacific Coast Highway. Nearby context includes beaches, galleries, resorts, and dining establishments.
Key Highlights
- 26,000 square feet overall, including approximately 6,500 square feet of commercial space
- Commercial area divided into three units
- Two penthouse residences, each with a private elevator and three secured parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$590,728
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,814,560
$11.8M
Cap Rate 7%
$8,438,971
$8.4M
Cap Rate 9%
$6,563,644
$6.6M
Market Conditions
NOI Build-Up for 26,000 SF
Gross rent
$873.6K $33.60/SF
− Vacancy
−$29.7K −$1.14/SF
EGI
$843.9K $32.46/SF
− OpEx
−$253.2K −$9.74/SF
NOI
$590.7K $22.72/SF
Area
Orange County, CA
Vacancy
3.40%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,814,560
Cap Rate 7%
$8,438,971
Cap Rate 9%
$6,563,644
Alternative Uses
Best Use
Retail
$8.44M
$7.38M – $9.85M
NOI $590,728 @ 7.0% cap · market cap 2.97%
Second Best
Mixed Use
$6.27M
$5.48M – $7.31M
NOI $438,750 @ 7.0% cap · market cap 2.20%
Theoretical Best
Office A
$8.73M
$7.64M – $10.19M
NOI $611,302 @ 7.0% cap · market cap 3.07%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,689
Businesses Nearby
26k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 89%
Apparel 11%
Jack in the Box
Dining
13,246 visits/mo
0.2 miles
Wahoo's Fish Taco
Dining
5,348 visits/mo
0.3 miles
Billabong
Apparel
2,872 visits/mo
0.5 miles
Avila's El Ranchito
Dining
2,859 visits/mo
0.2 miles
Jersey Mike's Subs
Dining
2,102 visits/mo
0.2 miles
Demographics for 92651, CA
24,096
Population
13,913
Households
1.7
Avg Household Size
52
Median Age
68%
College-Educated
98%
High-School Grad
22.1 sq mi
ZIP Area
1,090
Density / Sq Mi
$143,569
Median Household Income
$77,830
Median Earnings
$2,812
Median Rent
$2,000,001
Median Home Value
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial suites share the property with two penthouse residences, elevator access, and on-site parking.
Where is this mixed-use property located?
The property is located at 1369 N Coast Highway Laguna Beach, CA.
What is the asking price?
The asking price for this property is $19,900,000.
What are key features of this property?
This property features: 26,000 square feet overall, including approximately 6,500 square feet of commercial space; Commercial area divided into three units; Two penthouse residences, each with a private elevator and three secured parking spaces
