787 S Coast, Laguna Beach, CA 92651

$3,799,999
List Price
$3,799,999
Price Change
▼ $450,001 1652825261
Status
ACTIVE
MLS#
LG22094836
Year Built
1921
Lot Size
5,000
Acres
0.1148
Lot Location
Corner Lot
Days on Market
22
Property Type
Commercial
Property Sub Type
Mixed Use

Property Description

787/797 S. Coast Hwy (ocean side of Coast), a one-of-a-kind property, gives you - the smart investor/creator - a way of showcasing your innovative thinking. One of Laguna Beach's most sought-after micro-markets - south side of the Village District and entrance to the Historic and Interesting Places (HIP) District. This is "the" destination for trendsetters, surf enthusiasts, artisans, and all who take pride in residing in a sustainable seaside community. Featuring a charming 101-year-old beach cottage board and batten construction, exposed wood-gable ceiling, open floor plan, allowing you to hear the waves crashing 50 steps from St. Ann's Beach. A charming open plan with tranquil shaded patio and carriage unit and bath (room for a kitchenette). The expansive garden is communing with nature at its finest – overlooking the ocean and featuring three different gathering spots, patio hardscape, artisan pavers, lush grassy lawn, and storage shed. Underlying C1 zoning, extraordinary long-term investment opportunity, with jewel-home improvements, providing the luxury of time to dream up the property's next 100-year chapter. Immediately across St. Ann's, the landmark Laguna Riviera Hotel is undergoing a planned multi-million-dollar renovation to a contemporary/"Scandi-boho" design and holistic hospitality offering. This location is famous for its distinctive surf scene and gateway to a string of renowned surf beaches. Two separate parcels: 787 S. Coast (the "cottage" APN: 644-023-06) and 797 S. Coast (the "garden" APN: 644-023-07). Each parcel features 2,500 sf of land area (25' by 100'), 5,000 sf combined, offered for sale together. The existing cottage pre-dates underlying zoning and is defined by the City as a "legal nonconforming use." Two car parking (three if you add the carriage unit), steps to the beach, groceries, farmer's markets, shopping, restaurants, and more – "walk, bike or skateboard to everything" fully immersed in an artist community like none other. **DISCLOSURE NOTE: According to County Assessor records the property is 640 livable sf. Listed square feet of 1,250 is based on an approximate measurement of the existing residence (including the finished garage). Buyer to satisfy themselves. Additionally, it is not known if the finished garage space was legally permitted. Non-historic, according to City of Laguna Beach records.**

Additional Information

Heat
None
Cooling Description
None
Roof
Asphalt
Water
Public
Attached Structure
Detached
Number Of Units Total
1
Water Features
OceanSideOfHighway

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Listing Agent: Kenneth Robertson from Listing Office: Surterre Properties

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.