1391 Coast Hwy Laguna Beach, CA 92651-3117

Property Details for 1391 Coast Hwy

Year built

1934

Lot size

0.20 lot acres

Property size

2,951 SF

Property type

Retail space

APN

644-216-04

APU

64421604

Description

This exceptional Class A, 5,300 square foot retail storefront in Laguna Beach, California, presents a compelling investment opportunity. Located on a high-traffic section of Pacific Coast Highway (SR-1), boasting over 38,700 cars daily, this property enjoys unparalleled visibility and accessibility. The building, constructed in 1934 and extensively renovated in 2023, sits on a 0.2-acre lot and houses four tenants, achieving 100% occupancy. The current Net Operating Income (NOI) stands at $276,339, yielding a 4.50% capitalization rate. The asking price is $6,141,000, translating to $1,158.68 per square foot. The property benefits from its proximity to affluent residential areas, upscale dining establishments (including Selanne Steak Tavern, Mozambique, and others), and numerous hotels, creating a robust daytime and nighttime customer base. The tenant mix includes a long-standing liquor store operating for nearly 70 years, and a new Bear Coffee location, ensuring a stable and internet-resistant tenant profile. This "trophy" asset offers a rare opportunity to acquire a prime retail property in a highly desirable coastal location. The strong tenant base, high visibility, and excellent location make this a truly exceptional investment.

Location Insight

City

Laguna Beach

County

Orange

State

California

Longitude

-117.775

Latitude

33.5318

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments