Listed by Economos Dewolf
$3,699,000
801 Glenneyre St
Details
Property Type Retail, Office
Sub Type Executive Office, Commercial
Square Footage 3,701
Tenancy Multi
Lease Expiration 07/31/2026
Price per SqFt $999
Year Built 1966
Stories 2
Acreage 0.110
Parking Spaces 1.90 per 1,000 sq ft
Investment Type Owner/User
Retail | 3,701 SqFt
Marketing description
1966-built mixed-use owner-user property with Glenneyre Street frontage, income-producing ground-floor retail, second story office, and a prime location just steps from the Pacific Ocean.
Designed by local award-winning architect, Fred Briggs, who also designed Laguna Beach’s Main Beach and the Laguna Beach Library.
Investment highlights
- Incredible Laguna Beach location with prominent Glenneyre St frontage, minutes to Downtown Laguna Beach, and within walking distance to the Pacific Ocean.
- Recent CAPEX includes new building paint, and new light fixtures on the restaurant patio.
- Incredible opportunity to own a mixed-use building near Downtown Laguna.
- Restaurant tenant on the ground floor, who signed a 10-year extension in 2021, proving their commitment to this location.
- Exclusive covered parking located on the first floor of the property offering ease of access.
- Flexible owner-user opportunity; Seven office tenants that are either on a MTM term or expire before 8/1/2026.
- Fred Briggs, an award-winning architect who designed the Laguna Beach Library, the Dana Point Library, Main Beach in Laguna, and more, designed and built this property originally to be his office.
- Restaurants and amenities are in close proximity as seen on the amenities map (Page 6).
- Priced to sell at $999/SF, this offering is a tremendous value compared to the sale comps on Page 11.
- A cost segregation study can reclassify 12–25% of its basis into shortlife assets that qualify for 100% bonus depreciation, reinstated by the One Big Beautiful Bill Act (effective for property placed in service after Jan 19, 2025). This allows an investor to immediately expense those components in year one, often generating substantial federal tax savings and stronger early cash flow. Confirm with your tax professional.
- ±3,701-SF Retail & Office Owner-User Opportunity Steps from the Pacific Ocean
- Asking Price: $3,699,000 (±$999/SF)
- Designed by Local Award-Winning Architect, Fred Briggs
- Incredible Location in Between Downtown Laguna and the HIP District
- Exclusive Covered Parking Offering Ease of Access
- Local-Favorite Restaurant Tenant on the Ground Floor | 4.6 Stars
- Recent Upgrades Include Fresh Exterior Paint and New Patio Light Fixtures
- Flexible Owner-User Opportunity
Listing Contacts
Listed by Economos Dewolf
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