1460 Coast HwyLaguna Beach, CA 92651

Property Details for 1460 Coast Hwy

Year built

1928

Lot size

0.11 AC

Property size (Sq ft)

3,582 SF

Property type

Retail properties

Property subtype

Retail space

APN

644-212-10

APU

64421210

Description

This exceptional Laguna Beach property, located at 1460 S Coast Hwy, presents a rare investment opportunity. The three-story, 4,951 square foot building, originally housing the historic Brayton Laguna Pottery, boasts a prime location on Pacific Coast Highway between Bluebird Canyon and Thalia Street. Currently operating as a multi-tenant retail space with six tenants (75% occupancy as of May 10, 2024, projected to be 100% by 01/01/2025), the property features a mix of bar and storefront uses. The asking price is $8,000,000, reflecting a current cap rate of 3.18% and a pro-forma cap rate of 4.03%. The Net Operating Income (NOI) is currently $254,226, projected to increase to $322,332. Built in 1928 and renovated in 2024, the property sits on a 12,446 square foot lot and includes 20 parking spaces. The NNN leases commenced January 1, 2023, with a remaining term of four years and rent bumps included. The property is zoned C-1 and LBP. An additional parking lot at 1400 Glenneyre St. is included, offering potential for future development. This legacy property offers easy access via car, foot, or trolley, and is across from stunning beaches. This is a unique chance to acquire a piece of Laguna Beach history with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,142,187

  6.5%

  $1,054,326

  7%

  $979,017

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,478,021

  Geo Method

  $3,177,106

• Alternative Use

  Use

  Valuation

  Residential

  $889,364

  Hospitality

  $814,652

  Educational

  $677,781

  Medical

  $701,091

  Retail

  $1,054,326

Location Insight

City

Laguna Beach

County

Orange

State

California

Latitude

33.5316

Longitude

-117.774

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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