30622 Coast Hwy Laguna Beach, CA 92651-4240
- Turn key restaurants
- 2,887 SF
- 0.88 lot acres
Current Use by Public Records
- Ruby's Diner / Diner / American Restaurant
Property Details for 30622 Coast Hwy
- Year built
- 1955
- Lot size
- 0.88 lot acres
- Property size
- 2,887 SF
- Property type
- Turn key restaurants
- APN
- 656-191-05
- APU
- 65619105
Description
This exceptional investment opportunity presents a 4,387 square foot Ruby's Diner located at 30622 Coast Hwy, Laguna Beach, CA 92651. The property sits on a 0.88-acre lot and boasts a prime coastal location with exceptional long-term development potential. This Class A, single-tenant, absolute NNN ground lease features a corporate guarantee and rental increases every three years. The 35-year historical occupancy speaks to the strength of this location within a densely populated and highly affluent area, with an average household income exceeding $179,000 and over 142,000 residents within a five-mile radius. Built in 1989, the property includes second-floor patio seating and benefits from excellent visibility on a heavily traveled corridor. Its proximity to high-end boutiques, galleries, and the luxury Montage Laguna Beach resort further enhances its appeal. The asking price is $12,315,000, offering a 3.00% cap rate and a net operating income (NOI) of $369,349. This is a generational investment opportunity in a vibrant, upscale location attracting both locals and tourists year-round, with easy access to Dana Point, Crystal Cove State Park, and Newport Beach.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Laguna Beach
- County
- Orange
- State
- California
- Longitude
- -117.759
- Latitude
- 33.5186
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
