Property listed by Parham Khoshbakhtian, Broker, Parham Khoshbakhtian [email protected]
$5,995,000
1953 S Coast Hwy presents a unique opportunity to acquire a recently renovated mixed-use investment in Laguna Beach with approved short-term lodging and supplemental retail income. The property consists of approximately 3,043 SF across three levels on a 4,000 SF lot, featuring 4 bedrooms, 4 bathrooms, and expansive living space… Read More with 180-degree ocean views.
The residential unit is well-suited for premium short-term rental demand, offering multi-level living, sound insulated walls to reduce road noise, a private backyard with jacuzzi, solar, EV charging, garage and driveway parking. The property benefits from an established and active short-term lodging permit that allows for ongoing, year-round operation, subject to standard City compliance. Importantly, the permit is already included within Laguna Beach’s capped inventory of approved units and runs with the land, providing a durable and difficult-to-replicate operating position.
The retail component adds a second income stream and is currently leased on a month-to-month basis, with market rent estimated at $4,000 per month.
Opportunities to acquire a dual-income coastal asset with existing, transferable short-term rental approval in Laguna Beach are extremely limited, positioning this as both a lifestyle and investment play. Read Less
Listing Snapshot
Days Online
2
Last Updated
Property Type
MixedUse
Lot Size
0.09 Acres
Year Built
1932
MLS Number
OC26091697
Additional Details
Building
Built in 1932, 1 building, 3 stories, Entry level: 2, Entry location: 2
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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