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2600 S Coast Highway, Laguna Beach, CA, 92651

2600 S Coast Highway
$2,600,000

Key Information

Cap Rate
1.71%
GRM
29.58
$ per SF
$1,521
Tot. SF
1,709
Lot Size
0.07 Acres
$ per unit
$650,000
Units
4
Year Built
1953
Type
Apartments

Highlights

• Rare Coastal asset just steps from Victoria Beach & Mermaid Beach
• Adjacent corner is open space garden area, approximately 300 feet from the Pacific Ocean
• Select unit sundecks and patios feature ocean views
• Common area with BBQ and lounge chairs
• Attractive unit mix: (3) 1-bed/1-bath units and (1) non-conforming studio unit
• 2,853 SF lot with four (4) single-car garages
• Built in 1953 in one of the nation’s premier coastal markets
• Current rents below market, offering strong value-add and repositioning potential
• Walkable to Victoria Beach, Surf & Sand Resort, Montage Laguna Beach, and Main Beach
• Prime South Coast Highway location near boutique retail and dining

Photos

Location

Agents

Broker of Record

David Harrington

License # 01320460, 02168060 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245