1259 Coast , Laguna Beach, CA 92651
  • MLS#: LG24156702 ( Commercial/Residential )
  • Street Address: 1259 Coast
  • Viewed: 1
  • Price: $3,995,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1935
  • Bldg sqft: 0
  • Days On Market: 109
  • Additional Information
  • County: ORANGE
  • City: Laguna Beach
  • Zipcode: 92651
  • Subdivision: The Village (vil)
  • Provided by: Compass
  • Contact: Paulo Paulo
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Welcome to this stunning mixed use property located at 1259 South Coast Highway in the heart of beautiful Laguna Beach. Comprised of two commercial retail units and two residential apartments, this unique property offers a perfect blend of residential and commercial space, making it a versatile and attractive investment opportunity. This charming property was just completely reborn with updates throughout including new electrical, new plumbing, new roof, new HVAC, new kitchens & baths, new flooring, lighting, EV chargers and more. It's ready for the new owner to step in and enjoy for many years to come without having to worry about any major maintenance. The first residential unit (#A) is the perfect "pied de terre" for anyone looking to plug into the Laguna lifestyle. This single level ground level studio unit is brand new and no expense was spared when updating this unit. Approximately 352 SF The second residential unit (#B) boasts 2 bedrooms plus an office, 2 baths and comes with a fenced in grass yard. Approximately 1024 SF The first retail space is approximately 392 square feet has an open floor plan and bathroom. The second retail space is approximately 315 square feet has a deck and outdoor shower. When you're this close to the ocean, a beach home needs to have an outdoor shower to rinse off after a morning stroll or surf. This property's prime location on the ocean side of PCH in the "Hip District" and across the street from "The Greeter," offers easy access to the best of Laguna Beach's renowned amenities, including world class beaches, bespoke art galleries, and delicious dining options. Just a stone's throw from famed Brooks Street Beach, the local surf spot and home of the longest running surf contest, you can spectate or take part in the active beach lifestyle on a moment's notice. Walk across the street to Heidleberg Cafe in the morning for coffee and breakfast. Take a stroll on the sandy shoreline all the way to Main Beach/Downtown. Later dine at Sapphire which is also across the street. You won't need to drive your car...all these amenities are within reach. With its mixed use zoning and enviable location, the property provides the flexibility to accommodate a variety of endeavors, adding to its appeal and potential. Occupy one of the residential units making it your vacation home while renting out the other units.
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Features
Assessments
  1. Unknown
Association Fee
  1. 0.00
Building Area Total
  1. 2083.00
Commoninterest
  1. None
Common Walls
  1. No Common Walls
Construction Materials
  1. Cement Siding
Cooling
  1. Ductless
Country
  1. US
Days On Market
  1. 68
Electric Expense
  1. 2400.00
Fireplace Features
  1. Living Room
Flooring
  1. Vinyl
  2. Wood
Foundation Details
  1. Combination
Fuel Expense
  1. 0.00
Garage Spaces
  1. 0.00
Heating
  1. Ductless
  2. Fireplace(s)
Insurance Expense
  1. 5350.00
Laundry Features
  1. Stackable
Lockboxtype
  1. None
Lot Features
  1. Rectangular Lot
Netoperatingincome
  1. 106301.00
Newtaxesexpense
  1. 40749.00
Parcel Number
  1. 64407403
Parking Features
  1. Assigned
  2. On Site
Pool Features
  1. None
Postalcodeplus4
  1. 3164
Property Type
  1. Commercial/Residential
Property Condition
  1. Turnkey
  2. Updated/Remodeled
Road Frontage Type
  1. City Street
Road Surface Type
  1. Alley Paved
Roof
  1. Shingle
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 419992209:CRM
Subdivision Name Other
  1. The Village (VIL)
Taxblock
  1. 52
Totalactualrent
  1. 12950.00
Totalexpenses
  1. 32058.00
Trash Expense
  1. 0.00
Uncovered Spaces
  1. 3.00
Utilities
  1. Cable Available
  2. Electricity Connected
  3. Natural Gas Connected
  4. Sewer Connected
  5. Water Connected
View
  1. None
Waterfront Features
  1. Ocean Side Of Highway 1
Water Sewer Expense
  1. 600.00
Water Source
  1. Public
Window Features
  1. Double Pane Windows
Year Built
  1. 1935
Year Built Source
  1. Assessor