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Listed by Parham Khoshbakhtian, DRE #01446947 • Parham Khoshbakhtian, Broker
$ 5,495,000
Est. payment /mo
Price Dropped by $500K
1953 S Coast Laguna Beach, CA 92651
3,920 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC26091697
Year Built 1932
Lot Size 3,920 Sqft
Property Sub-Type Duplex
Source California Regional MLS
Property Description
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 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 pla
Location
State CA
County Orange
Area Sl - South Laguna
Interior
Laundry Other, Upper Floor
Exterior
Garage Spaces 2.0
Pool None
Building
Water District - Public
Others
Tax ID 64427608
Special Listing Condition Not Applicable
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