2880 S Coast Hwy, Laguna Beach, CA 92651

$3,500,000
3,658
SqFt
List Price
$3,500,000
Status
ACTIVE
MLS#
OC20060773
Year Built
1980
Living Sq. Ft
3,658
Days on Market
17
Property Type
Commercial
Property Sub Type
Office

Property Description

Truly an incredible opportunity to own a 3-unit, freestanding "Ocean View" commercial office building in the City limits of Laguna Beach. This 1980 constructed commercial building provides 9 covered parking stalls as well as street parking. Outstanding outside deck/community areas and tremendous views from many vantage points. Currently occupied by three tenants providing Architectural and Structural Engineering Services and Healthcare Supplements. Existing rents are currently "under market rates" as the two owners are majority occupants and tenants of this building. This has outstanding proximity to both cities of Laguna Beach and Dana Point, a fantastic location and frontage on Pacific Coast Highway. Visual exposure of this office building is outstanding. Easy access to the I-5 freeway and John Wayne Airport. This commercial office building has been extremely well cared for by its owners. Contiguous high profile restaurant next door provides additional income by leasing parking during after normal business hours with its own valet parking staff. This is a great opportunity for either an owner occupant or investor. It is also possible that only 50% of this building could be purchased.

Additional Information

Lot Description
Carbon Monoxide Detector(s), Smoke Detector(s)
Heat
Central
Cooling
Yes
Cooling Description
Central Air, Electric, Gas
Roof
Asbestos Shingle
Water
Public
Total Number of Units
3
Water Features
Ocean Side of Freeway

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Bob Wolff from Harcourts Prime 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.