550 S Coast, Laguna Beach, CA 92651
- $3,995,000
- List Price
- $3,995,000
- Status
- ACTIVE
- MLS#
- RS26113581
- Lot Size
- 4,356
- Acres
- 0.10
- Lot Location
- 0-1 Unit/Acre, Level, Near Public Transit, Paved, Rectangular Lot, Walkstreet
- Days on Market
- 77
- Property Type
- Commercial
- Property Sub Type
- Retail
Property Description
Rare opportunity to acquire 550 S Coast Highway, a six-unit multi-tenant retail asset located on one of the most iconic stretches of Pacific Coast Highway in Laguna Beach. The 2,625 SF building sits on a 4,400 SF lot in the CBD-V zoning district, surrounded by galleries, restaurants, boutique retail, and the year-round tourism that defines Laguna Beach’s coastal village corridor. The property currently generates $13,540/month in gross rental income across five occupied units, with a sixth unit currently used by Seller for storage and producing no income. Existing rents are significantly below market, creating a clear value-add opportunity through lease renewals, rent adjustments, and conversion of the storage space into income-producing tenancy. Based on market rent assumptions, the property projects to a stabilized Year 2 NOI of $211,527, representing a 5.30% cap rate. Located in one of Southern California’s most affluent and supply-constrained coastal markets, 550 S Coast Highway offers irreplaceable frontage, stable in-place income, and a compelling path to future growth in the heart of Laguna Beach’s renowned arts, retail, and tourism corridor.
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Additional Information
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 6
- Gross Scheduled Income
- $16,248
- Operating Expense
- 71462
Listing courtesy of Listing Agent: Andrew McAllister (drew@nrecommercial.com) from Listing Office: eXp Realty of Greater L.A.
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