Share this with your friends
+19493789247
Al Mejia Real Estate
640 S Coast Highway, Laguna Beach, CA 92651
- $7,275,000
- List Price
- $7,275,000
- Status
- ACTIVE
- MLS#
- LG26230255
- Year Built
- 1986
- Lot Size
- 6,643
- Acres
- 0.15
- Lot Location
- Walkstreet
- Days on Market
- 12
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
- Stories
- Three Or More Levels
- Neighborhood
- The Village (Vil)
Property Description
A Rare Opportunity to Own a Five-Story Ocean-View Trophy Property on Laguna Beach’s Coast Highway, Steps from the Sand Rising five stories above Coast Highway, 640 Coast Highway & 641 Ramona Avenue is a rare mixed-use building moments from the beach and the Village, with panoramic ocean and Catalina Island views from its upper levels. The approximately 4,612-square-foot building holds 8 units of café, restaurant, retail, office and residential space, including two ocean-view penthouses, on a 6,643-square-foot lot with frontage on Coast Highway and Ramona Avenue. An additional space offers the potential to convert to a ninth office suite for added income, subject to City approval. Built in 1986, the building offers an elevator and 18 on-site parking spaces, rare for downtown, and the owner reports permits in place for upgrades such as new windows and flooring. Across the street, the oceanfront Pacific Edge Hotel is being reimagined by Foster + Partners as a destination resort. A rare holding for long-term investors or an owner-user seeking a place in Laguna. Buyer to verify zoning, permitted uses, unit configuration, permits and conversion potential with the City of Laguna Beach.
Additional Information
- Taxes
- $23,794
- Appliances
- Dryer, Sump Pump, Washer
- Pool Description
- None
- Heat
- Forced Air
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- Catalina, City Lights, Coastline, Neighborhood, Ocean, Panoramic, Water
- Garage Spaces Total
- 6
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Elevator
- Attached Structure
- Attached
- Number Of Units Total
- 8
- Gross Scheduled Income
- $297,000
- Operating Expense
- 156533
Listing courtesy of Listing Agent: Chad Concolino (Chad@mainbeachrealty.com) from Listing Office: Main Beach Realty.
How much is your home worth?
...get instant property value now!
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . 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.