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336 N Coast Hwy, Laguna Beach, CA 92651
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336 N Coast Hwy Laguna Beach, CA 92651

$8,200,000 Sold Price as of 08/18/2021
  • 8 Beds
  • 12 Baths
  • 8,789 Sq.Ft.
Sold
$8,200,000 Sold Price as of 08/18/2021 Refinance Your Mortgage
Map preview of 336 N Coast Hwy, Laguna Beach, CA 92651

Property Overview: 336 N Coast Hwy Laguna Beach, CA has 8 bedrooms, 12 bathrooms, 8,789 living square feet and 9,148 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Significant rental upside and current value add by converting property to original city permitted 11 apartments and 3 commercial spaces. The property is zoned Commercial and the City may entertain a permit allowing for weekly short-term rentals. If this is accomplished this may increase the property's income and value substantially. The Gallery is an ideal opportunity for a investor to take advantage of purchasing a rarely-available commercial mixed-use property in the world class resort town of Laguna Beach, California. $300,000 Cap X spent the past 5 years: 80% new roofs, vertical plumbing lines, electrical, waste-lines, wood replacement and interior apartment upgrades. Partial interior renovations of the apartment homes include quartz counters in the kitchen and bathrooms, hardwood flooring and stainless appliance packages. The new owner will have the ability to to take over operations and take advantage of additional rental growth by increasing the income to market levels.

Listed by Peter Hauser | BRE #00856966 | Avison Young – Southern CA LTD
Last checked: 5 minutes ago | Last updated: June 6th, 2023 | Source CRMLS | DOM: 10

Home details

Lot Sq. Ft
9,148
HOA Dues
$0/mo
Year built
1954
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
21756938
City
Laguna Beach
County
Orange
Time on Site
1172 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $33,600
  • Pro Forma/Market Rent: $53,400
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,175
  • Total Rent: $78,300
  • Pro Forma/Market Rent: $102,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $22,200
  • Pro Forma/Market Rent: $42,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $4,000
  • Total Rent: $48,000
  • Pro Forma/Market Rent: $66,000
Unit Breakdown 5
  • # of Units: 3
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $7,175
  • Total Rent: $258,300
  • Pro Forma/Market Rent: $306,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 20
  • Gross Scheduled Income: --
  • Net Operating Income: $329,313
  • Gross Operating Income: $462,257
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 336 N Coast Hwy

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace, Forced Air
Room Information
  • Flooring: Vinyl
Interior Features
  • Levels: Multi/Split
  • Security Features: Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Property Information
  • Has View
  • View: Coastline, Courtyard, City Lights, Ocean
  • Total # of Units: 10
  • Parcel Number: 49612214
Location / Neighborhood
Location Information
  • Directions: The Gallery is located just steps to the sand in North Laguna Beach, the premier coastal destination in beautiful Southern California. Laguna Beach's resident population enjoys the atmosphere provided by the sandy beaches, canyons, and seaside hills. Several million visitors are drawn to Laguna Beach for its world-class beaches, and fine dining.
View more facts & features

Local Laguna Beach Agent

Sale History for 336 N Coast Hwy

Last sold for $8,200,000 on August 18th, 2021

  • September, 2022

  • Sep 21, 2022

    Date

    Expired

    CRMLS: 22155589

    $2,800

    Price

  • May 11, 2022

    Date

    Active

    CRMLS: 22155589

    $2,800

    Price

  • Listing provided courtesy of CRMLS

    The Gallery Apartments are situated in one of North Laguna's top locations, just steps from Urth Cafe. Residents enjoy easy access to Laguna's stunningly beautiful beaches, a broad spectrum of restaurants, retail shops, Main Beach, Heisler Park, hiking trails, and luxe hotels, including Montage Resort & Spa. Water and trash paid by landlord, all other utilities paid by tenant. One year lease. Appointments to show directly through brokers.

  • September, 2022

  • Sep 12, 2022

    Date

    Expired

    CRMLS: 22155573

    $3,300

    Price

  • May 11, 2022

    Date

    Active

    CRMLS: 22155573

    $3,200

    Price

  • Listing provided courtesy of CRMLS

    The Gallery Apartments are situated in one of North Laguna's top locations, just steps from Urth Cafe. Residents enjoy easy access to Laguna's stunningly beautiful beaches, a broad spectrum of restaurants, retail shops, Main Beach, Heisler Park, hiking trails, and luxe hotels, including Montage Resort & Spa. Water and trash paid by landlord, all other utilities paid by tenant. One year lease. Appointments to show directly through brokers.

  • September, 2022

  • Sep 11, 2022

    Date

    Expired

    CRMLS: 22155089

    $9,500

    Price

  • May 10, 2022

    Date

    Active

    CRMLS: 22155089

    $9,500

    Price

  • Listing provided courtesy of CRMLS

    The Gallery Apartments are situated in one of North Laguna's top locations, just steps from Urth Cafe. Residents enjoy easy access to Laguna's stunningly beautiful beaches, a broad spectrum of restaurants, retail shops, Main Beach, Heisler Park, hiking trails, and luxe hotels, including Montage Resort & Spa. Water and trash paid by landlord, all other utilities paid by tenant. One year lease. Appointments to show directly through brokers.

  • June, 2022

  • Jun 28, 2022

    Date

    Active

    CRMLS: 22173289

    $6,000

    Price

  • Listing provided courtesy of CRMLS

    Irreplaceable location just steps to Main Beach and Heisler Park. Interior courtyard space with multiple creative uses included Live/Work available. Separate entry through Cedar Way and Coast Highway as well as the courtyard. The space is ready for buildout appropriate to tenant needs. Features include an optional attached two car Garage. Coast Highway signage also available.

  • August, 2021

  • Aug 15, 2021

    Date

    Active Under Contract

    CRMLS: 21756938

    $9,250,000

    Price

  • Jul 5, 2021

    Date

    Active

    CRMLS: 21756938

    $9,250,000

    Price

  • August, 2021

  • Aug 15, 2021

    Date

    Withdrawn

    CRMLS: 21756932

    $2,400

    Price

  • Jul 5, 2021

    Date

    Active

    CRMLS: 21756932

    $2,400

    Price

  • Listing provided courtesy of CRMLS

    Multiple floorplans available including studios and one bedrooms.

  • August, 2021

  • Aug 15, 2021

    Date

    Withdrawn

    CRMLS: 21756930

    $2,900

    Price

  • Jul 5, 2021

    Date

    Active

    CRMLS: 21756930

    $2,900

    Price

  • Listing provided courtesy of CRMLS

    Multiple floorplans available including studios and one bedrooms. Call for details.

  • July, 2021

  • Jul 1, 2021

    Date

    Expired

    CRMLS: 21721596

    $2,400

    Price

  • Jun 25, 2021

    Date

    Price Change

    CRMLS: 21721596

    $2,400

    Price

  • May 16, 2021

    Date

    Active

    CRMLS: 21721596

    $2,200

    Price

  • Listing provided courtesy of CRMLS

    Multiple floorplans available including studios and one bedrooms.

  • July, 2021

  • Jul 1, 2021

    Date

    Expired

    CRMLS: 21721584

    $2,900

    Price

  • May 16, 2021

    Date

    Active

    CRMLS: 21721584

    $2,900

    Price

  • Listing provided courtesy of CRMLS

    Multiple floorplans available including studios and one bedrooms. Call for details.

  • June, 2021

  • Jun 27, 2021

    Date

    Expired

    CRMLS: 21685362

    $9,250,000

    Price

  • Jan 26, 2021

    Date

    Active

    CRMLS: 21685362

    $9,250,000

    Price

  • Listing provided courtesy of CRMLS

  • June, 2021

  • Jun 25, 2021

    Date

    Price Change

    CRMLS: 21738686

    $6,000

    Price

  • Jun 8, 2021

    Date

    Price Change

    CRMLS: 21738686

    $5,000

    Price

  • May 28, 2021

    Date

    Active

    CRMLS: 21738686

    $4,900

    Price

  • Listing provided courtesy of CRMLS

  • January, 2021

  • Jan 1, 2021

    Date

    Expired

    CRMLS: 20614698

    $9,750,000

    Price

  • Oct 27, 2020

    Date

    Withdrawn

    CRMLS: 20614698

    $9,750,000

    Price

  • Aug 6, 2020

    Date

    Active

    CRMLS: 20614698

    $9,750,000

    Price

  • Listing provided courtesy of CRMLS

    Significant rental upside and current value add by converting property to original city permitted 11 apartments and 3 commercial spaces. The property is zoned Commercial and the City may entertain a permit allowing for weekly short-term rentals. If this is accomplished this may increase the property's income and value substantially. The Gallery is an ideal opportunity for a investor to take advantage of purchasing a rarely-available commercial mixed-use property in the world class resort town of Laguna Beach, California. Partial interior renovations of the apartment homes include quartz counters in the kitchen and bathrooms, updated cabinets, hardwood flooring and stainless appliance packages. The new owner will have the ability to to take over operations and take advantage of additional rental growth by increasing the income to market levels.

  • September, 2020

  • Sep 1, 2020

    Date

    Leased

    CRMLS: 20597302

    $4,000

    Price

  • Jun 29, 2020

    Date

    Active

    CRMLS: 20597302

    $5,300

    Price

  • Listing provided courtesy of CRMLS

    Very unique unit featuring a fully renovated interior with a large patio, partial ocean and Laguna Village views. Residents will enjoy easy access to stunningly beautiful beaches and coves, a broad spectrum of restaurants and shops, Laguna's popular Main Beach, Aliso Beach, parks, hiking trails, and luxury hotels. Potential live work option available.

  • June, 2020

  • Jun 28, 2020

    Date

    Expired

    CRMLS: 20567342

    $5,900

    Price

  • Mar 28, 2020

    Date

    Active

    CRMLS: 20567342

    $5,900

    Price

  • Listing provided courtesy of CRMLS

    Very unique unit featuring a fully renovated interior with a large patio, partial ocean and Laguna Village views. Residents will enjoy easy access to stunningly beautiful beaches and coves, a broad spectrum of restaurants and shops, Laguna's popular Main Beach, Aliso Beach, parks, hiking trails, and luxury hotels. Potential live work option available.

  • June, 2020

  • Jun 2, 2020

    Date

    Expired

    CRMLS: 19530554

    $10,500,000

    Price

  • May 21, 2020

    Date

    Withdrawn

    CRMLS: 19530554

    $10,500,000

    Price

  • Jan 14, 2020

    Date

    Price Change

    CRMLS: 19530554

    $10,500,000

    Price

  • Nov 22, 2019

    Date

    Active

    CRMLS: 19530554

    $12,000,000

    Price

  • Listing provided courtesy of CRMLS

    The Gallery is a rare mixed-use property consisting of seven apartment units and three commercial spaces. This ocean view-oriented property is situated on .220 acres of land. The Gallery is comprised of one, two and three-bedroom apartments, with three commercial spaces. The average unit size of the commercial space is 1,535 square feet. The Gallery is situated in one of North Laguna's top retail locations. Tenants and residents will enjoy easy access to Laguna's stunningly beautiful beaches, a broad spectrum of restaurants, retail shops, Main Beach, Heisler park, hiking trails, luxe hotels, including Montage Resort & Spa. The property features some partial ocean views from the apartments and common deck areas. The three-bedroom floorplan features a large balcony. In select apartments the interiors feature hardwood flooring, stone countertops and upgraded cabinetry. Please contact us for the full Offering Memorandum.

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Tax History for 336 N 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

336 N Coast Hwy sold on August 18, 2021 for 294.04% higher than the current median sold price for the city of Laguna Beach which is $2,347,500. The median sold price per/sqft for Laguna Beach is $1,302 and this home is sold at $1052.45 per/sqft which puts the price per square foot 19.17% lower than the current median sale per square foot for the city of Laguna Beach.

About 336 N Coast Hwy

Detailed summary of property

336 N Coast Hwy is a multi family that recently sold in Laguna Beach, CA 92651. This multi family property offered 8 bedrooms, 12 bathrooms, roughly 8,789 living square feet, and sits on an approximately 9,148 square foot lot. 336 N Coast Hwy was first listed on ArdentRealEstateGroup.com on July 5, 2021. The homeowner sold the property for $8,200,000. Home in Laguna Beach are selling for a median price of $2,347,500 and a median price per square foot of $1,302. Based on Ardent Real Estate Group's Laguna Beach Market Data, this home is sold 294.04% higher than the current median priced home. Local homes that are currently for sale include 2121 W 11th St, 1445 N Avenue 47 and 760 N Hoover St. While the average home in Laguna Beach, CA is selling in 95 days, 336 N Coast Hwy has a days on market of 10 days. There are currently 200 homes for sale in the Laguna Beach real estate market and 181 of them are single family homes while 17 of them are condos and 2 are townhomes. For more information on this home for sale at 336 N 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 336 N 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.
$1,814
Median Sold Price
$2,347,500
Median Sold Price/Sq.Ft.
$1,302
Total Inventory
198
Median Sale to List Price %
94.09%
Avg Days on Market
81
Loan Type
Conventional (25%), FHA (0%), VA (4.17%), Cash (41.67%), Other (29.17%)

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(714) 706-1823

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Recently Sold Homes Near 336 N Coast Hwy

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260 Aster St, Laguna Beach, CA 92651
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361 Cypress Dr, 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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