4,356 Sqft Lot
4,356 Sqft Lot
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID RS26113581
HOA Y/N No
Lot Size 4,356 Sqft
Property Sub-Type Retail
Property Description
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.
Location
State CA
County Orange
Area Lv - Laguna Village
Zoning CBD-V
Interior
Fireplace No
Laundry None
Exterior
Present Use Commercial
Building
Lot Description 0-1 Unit/Acre, Level, Near Public Transit, Paved, Rectangular Lot, Walkstreet
Story 2
Water Public
Others
Tax ID 64401510
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
Nearby Locations
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