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354 N Coast, Laguna Beach, CA 92651
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354 N Coast Laguna Beach, CA 92651

$6,000,000 Sold Price as of 08/12/2021
  • 4 Beds
  • 4 Baths
  • 5,335 Sq.Ft.
Sold
$6,000,000 Sold Price as of 08/12/2021 Refinance Your Mortgage
Map preview of 354 N Coast, Laguna Beach, CA 92651

Property Overview: 354 N Coast Laguna Beach, CA has 4 bedrooms, 4 bathrooms, 5,335 living square feet and 6,098 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: A rare available trophy income property located in spectacular Laguna Beach! Situated on storied Gallery Row - a prime, high foot-traffic area in North Laguna, 354 North Coast Hwy is a mixed-use investment property you will not want to miss. The current owners have made extensive structural and cosmetic renovations to the building exterior and interiors. Beautifully maintained and well-kept, this mixed retail and residential has three occupied commercial units fronting the high foot-traffic zone of North Coast Highway, with four residential ocean-view units. The commercial units are currently occupied by two veteran art galleries and a long-established jewelry store. - modern, tasteful, and clean. Apartments A and B are one bedroom, one bathroom units with ocean views. Apartments C and D are currently combined for use as a two bedroom owner’s unit, but can easily be split back to two additional one bedroom units. Highly-rated and stable tenants in all occupied units. Located blocks to North Laguna Beaches (Heisler, Shaws Cove, Crescent Bay, Boat’s Canyon) and in close proximity to popular restaurants, museums and downtown filled with local art shops and renowned restaurants, this location is prime. The property is on the Laguna Beach Trolley route, which transports Laguna's millions of annual tourists throughout the town. Don’t miss out on this rare investment opportunity.

Listed by Michael Johnson | BRE #01429647 | Compass
Co-listed by Inge Goericke-Bunn | BRE #00641176 | Compass
Last checked: 10 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 234

Home details

Lot Sq. Ft
6,098
HOA Dues
$0/mo
Year built
1966
Garage
8 Car
Property Type:
Multi Family
Status
Sold
MLS#
LG20226129
City
Laguna Beach
County
Orange
Time on Site
1420 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 1
  • # of Leased Units: 5
  • # of Electric Meters: 7
  • # of Gas Meters: 7
  • # of Water Meters: 7
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,950
  • Total Rent: $2,950
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,700
  • Total Rent: $2,700
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $6,000
Unit Breakdown 4
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 0
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,607
  • Total Rent: $7,214
  • Pro Forma/Market Rent: $7,800
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,660
  • Total Rent: $3,660
  • Pro Forma/Market Rent: $3,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $198,288
  • Net Operating Income: $152,260
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $46,028
  • Electric: $1,834
  • Gas/Fuel: $0
  • New Taxes: $65,000
  • Trash: $1,800
  • Gardener: $1,800
  • Insurance: $0
  • Maintenance: $2,640
  • Professional Management: $0
  • Water/Sewer: $1,003

Virtual Tour

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Property Details for 354 N Coast

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Dryer Included, Washer Included
Fireplace Information
  • Has Fireplace
  • Dining Room
Kitchen Information
  • Has Appliances
  • 6 Burner Stove, Dishwasher, Refrigerator
Interior Features
  • 2 Staircases, Balcony
  • Levels: One
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 8
  • # of Parking Spaces: 8
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Ocean, Peek-A-Boo, White Water
  • Common Walls: 2+ Common Walls
  • Total # of Units: 7
  • Parcel Number: 49612216
  • Year Built Source: Assessor
  • Property is Attached
  • Accessibility Features: 2+ Access Exits, Parking
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: North Laguna (NL)
  • Directions: On PCH between Aster and Jasmine.
  • Road Frontage Type: City Street
Neighborhood Information
  • Community Features: Hiking, Mountainous
View more facts & features

Local Laguna Beach Agent

Sale History for 354 N Coast

Last sold for $6,000,000 on August 12th, 2021

  • August, 2021

  • Aug 13, 2021

    Date

    Sold

    CRMLS: LG20227069

    $6,000,000

    Price

  • Jul 12, 2021

    Date

    Pending

    CRMLS: LG20227069

    $6,595,000

    Price

  • Jun 21, 2021

    Date

    Active Under Contract

    CRMLS: LG20227069

    $6,595,000

    Price

  • Oct 30, 2020

    Date

    Active

    CRMLS: LG20227069

    $6,595,000

    Price

  • Listing provided courtesy of CRMLS

  • August, 2021

  • Aug 13, 2021

    Date

    Sold

    CRMLS: LG20226129

    $6,000,000

    Price

  • Jul 12, 2021

    Date

    Pending

    CRMLS: LG20226129

    $6,595,000

    Price

  • Jun 21, 2021

    Date

    Active Under Contract

    CRMLS: LG20226129

    $6,595,000

    Price

  • Oct 31, 2020

    Date

    Active

    CRMLS: LG20226129

    $6,595,000

    Price

Show More

Tax History for 354 N Coast

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

354 N Coast sold on August 12, 2021 for 180.94% 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 $1236.18 per/sqft which puts the price per square foot 5.06% lower than the current median sale per square foot for the city of Laguna Beach.

About 354 N Coast

Detailed summary of property

354 N Coast is a multi family that recently sold in Laguna Beach, CA 92651. This multi family property offered 4 bedrooms, 4 bathrooms, roughly 5,335 living square feet, and sits on an approximately 6,098 square foot lot. 354 N Coast was first listed on ArdentRealEstateGroup.com on October 31, 2020. The homeowner sold the property for $6,000,000. 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 180.94% higher than the current median priced home. Local homes that are currently for sale include 19531 E Cienega Ave, 520 W 120th St and 11503 S New Hampshire Ave. While the average home in Laguna Beach, CA is selling in 95 days, 354 N Coast has a days on market of 234 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 354 N Coast 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 354 N Coast

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%)

Thinking of Selling?

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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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