30622 Coast HwyLaguna Beach, CA 92651

Property Details for 30622 Coast Hwy

Year built

1955

Lot size

0.88 AC

Property size (Sq ft)

2,887 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

656-191-05

APU

65619105

Description

This exceptional investment opportunity presents a 4,387 square foot Ruby's Diner located at 30622 Coast Hwy, Laguna Beach, CA 92651. The property sits on a 0.88-acre lot and boasts a prime coastal location with exceptional long-term development potential. This Class A, single-tenant, absolute NNN ground lease features a corporate guarantee and rental increases every three years. The 35-year historical occupancy speaks to the strength of this location within a densely populated and highly affluent area, with an average household income exceeding $179,000 and over 142,000 residents within a five-mile radius. Built in 1989, the property includes second-floor patio seating and benefits from excellent visibility on a heavily traveled corridor. Its proximity to high-end boutiques, galleries, and the luxury Montage Laguna Beach resort further enhances its appeal. The asking price is $12,315,000, offering a 3.00% cap rate and a net operating income (NOI) of $369,349. This is a generational investment opportunity in a vibrant, upscale location attracting both locals and tourists year-round, with easy access to Dana Point, Crystal Cove State Park, and Newport Beach.

• CAP approach

  CAP return

  Valuation

  6%

  $889,588

  6.5%

  $821,158

  7%

  $762,504

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,177,452

  Geo Method

  $2,560,666

• Alternative Use

  Use

  Valuation

  Residential

  $692,677

  Hospitality

  $634,489

  Educational

  $527,887

  Medical

  $546,042

  Retail

  $821,158

Location Insight

City

Laguna Beach

County

Orange

State

California

Latitude

33.5186

Longitude

-117.759

CBSA code

31080

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].