Laguna Beach Shopping Strip

1936 South Coast Highway, Laguna Beach, CA

$5,300,000

Price

3.11%

Cap Rate

$164,871

NOI

Overview
Cap Rate
3.11%
NOI
$164,871
Building Size
6,309 sqft
Lot Area
0.31 acres
Occupancy
89%
Year Built
1930
Price Per Sqft
$840.07
Tenancy
Multiple
Parking Spots
24
Description

- Excellent Pro Forma Cap Rate of 5.64%
- Neighboring the Subject Property are a Number of Popular Hotels Such as The Surf N’ Sand, The Montage, and the Laguna Beach Inn that Bring Constant Foot Traffic to the Area
- Subject Property Offers Ample Parking With 24 Parking Spaces Which is Extremely Rare in the Submarket
- Majority of Tenants are Internet Resistant and are Predominantly Service and Food Use

Highlights
  • Property can be Registered as Historical by the City of Laguna Offering an Opportunity to Pay Significantly Lower Taxes on the Property
  • The Subject Property is Located on the Highly Trafficked Pacific Coast Highway (45,000 VPD)
  • Average Household Income is Well Above the National Average ($160,279) Within a One-Mile Radius)
  • The City’s Free Trolley Stops Right in Front of Subject Property and Ferries More than 1 Million Visitors Annually and Now Connects with the Dana Point Trolley Bringing Even More Visitors to the Area
Documents
Location
Gallery