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2880 S Coast Hwy, Laguna Beach, CA 92651
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2880 S Coast Hwy Laguna Beach, CA 92651

$3,000,000 Sold Price as of 09/21/2022
  • -- Beds
  • -- Baths
  • 3,658 Sq.Ft.
Sold
$3,000,000 Sold Price as of 09/21/2022 Refinance Your Mortgage
Map preview of 2880 S Coast Hwy, Laguna Beach, CA 92651

Property Overview: 2880 S Coast Hwy Laguna Beach, CA has -- bedrooms, -- bathrooms, 3,658 living square feet and 5,227 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Bob Wolff | BRE #01053562 | Harcourts Prime Properties
Last checked: 39 seconds ago | Last updated: September 22nd, 2022 | Source CRMLS | DOM: 903

Home details

Lot Sq. Ft
5,227
HOA Dues
$0/mo
Year built
1980
Garage
--
Property Type:
Office
Status
Sold
MLS#
OC20060773
City
Laguna Beach
County
Orange
Time on Site
1393 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Leased Units: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $4,000
  • Total Rent: --
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $4,000
  • Total Rent: --
Unit Breakdown 3
  • # of Units: 4
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $1,500
  • Total Rent: --
Unit Breakdown 4
  • # of Units: 3
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $3,200
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2880 S Coast Hwy

Interior Features
Cooling Information
  • Has Cooling
  • Central Air, Electric, Gas
Heating Information
  • Has Heating
  • Central
Laundry Information
  • None
Interior Features
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Asbestos Shingle
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 9
Lot Information
  • Lot Features: 2-5 Units/Acre, Corner Lot, Level with Street, Rectangular Lot, Level, Near Public Transit, Paved, Zero Lot Line
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 3
  • Parcel Number: 65616421
  • Year Built Source: Assessor
  • Entry Level: 2
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: Crown Valley turn right on PCH building on the right side
View more facts & features

Local Laguna Beach Agent

Sale History for 2880 S Coast Hwy

Last sold for $3,000,000 on September 21st, 2022

  • May, 2020

  • May 6, 2020

    Date

    Price Change

    CRMLS: OC20060773

    $3,195,000

    Price

  • Mar 21, 2020

    Date

    Active

    CRMLS: OC20060773

    $3,500,000

    Price

Tax History for 2880 S Coast Hwy

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

2880 S Coast Hwy sold on September 21, 2022 for 4.05% lower than the current median sold price for the city of Laguna Beach which is $3,330,000. The median sold price per/sqft for Laguna Beach is $1,531 and this home is sold at $873.43 per/sqft which puts the price per square foot 42.95% lower than the current median sale per square foot for the city of Laguna Beach.

About 2880 S Coast Hwy

Detailed summary of property

2880 S Coast Hwy is a office that recently sold in Laguna Beach, CA 92651. This office offered -- bedrooms, -- bathrooms, roughly 3,658 living square feet, and sits on an approximately 5,227 square foot lot. 2880 S Coast Hwy was first listed on ArdentRealEstateGroup.com on July 11, 2020. The homeowner sold the property for $3,000,000. Home in Laguna Beach are selling for a median price of $3,330,000 and a median price per square foot of $1,531. Based on Ardent Real Estate Group's Laguna Beach Market Data, this home is sold 4.05% lower than the current median priced home. Local homes that are currently for sale include 474 W Orange Show Rd and 930 Colorado Blvd #1. While the average home in Laguna Beach, CA is selling in 94 days, 2880 S Coast Hwy has a days on market of 903 days. There are currently 161 homes for sale in the Laguna Beach real estate market and 141 of them are single family homes while 20 of them are condos and 0 are townhomes. For more information on this home for sale at 2880 S Coast Hwy Laguna Beach, CA 92651 contact Ardent Real Estate Group and we will put you in touch with one of our Laguna Beach agents.

Public Facts for 2880 S Coast Hwy

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

The source for these homes facts are from public records.

92651 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$4,250,000
Median List Price/Sq.Ft.
$1,759
Median Sold Price
$3,330,000
Median Sold Price/Sq.Ft.
$1,531
Total Inventory
159
Median Sale to List Price %
95.28%
Avg Days on Market
52
Loan Type
Conventional (24.14%), FHA (0%), VA (0%), Cash (48.28%), Other (27.59%)

Thinking of Selling?

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Recently Sold Homes Near 2880 S Coast Hwy

1590 S Coast #305, Laguna Beach, CA 92651
$1,150,000 Last Sold Price
-- Beds
1 Baths
1371 Sq.Ft.
1590 S Coast #305
Laguna Beach, CA 92651
1590 S Coast #206, Laguna Beach, CA 92651
$450,000 Last Sold Price
-- Beds
-- Baths
370 Sq.Ft.
1590 S Coast #206
Laguna Beach, CA 92651
1590 S Coast Hwy. #202, Laguna Beach, CA 92651
$625,000 Last Sold Price
-- Beds
-- Baths
810 Sq.Ft.
1590 S Coast Hwy. #202
Laguna Beach, CA 92651
1590 S Coast Hwy #13, Laguna Beach, CA 92651
$450,000 Last Sold Price
-- Beds
-- Baths
436 Sq.Ft.
1590 S Coast Hwy #13
Laguna Beach, CA 92651

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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