www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31808606
31808607

1949 S Coast Hwy, Laguna Beach, CA 92651

PK
01446947, CA 01446947 (+1)
Marcus & Millichap - Orange County
Listed by Marcus & Millichap - Orange County
$5,995,000
53 days on market
Updated 11 days ago

1949-1953 S Coast Hwy Laguna Beach

Details
APN 644-276-08
Property Type Retail, Multifamily (+2)
Sub Type Storefront, Apartment Building (+1)
Square Footage 3,043
Net Rentable (SqFt) 3,043
Occupancy 100%
Price per SqFt $1,970
Year Built 1932
Year Renovated 2022
Buildings 1
Stories 3
Lot Size (SqFt) 4,000
Zoning C1
Investment Type Value Add

Mixed-Use Asset with Established Short-Term Rental and Retail Income Streams

Marketing 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 multiple levels of living, a private

backyard with jacuzzi, solar, EV charging, garage parking, and additional street 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 market rent estimated at $4,000 per month.

currently leased on a month-to-month basis, with

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.

Investment highlights

• A Hard-to-Replicate STR Opportunity in Laguna Beach with an established, City-

approved short-term lodging unit in one of California’s most regulated coastal markets

• Approved, Active, and Transferable STR Permit allowing for ongoing, year-round

operation, already included within the City’s limited inventory of permitted units

• Extremely Limited Supply of Comparable Assets, with only a small subset of properties

citywide offering legally documented whole-home STR approval, and an even smaller

group combining scale, views, and mixed-use income

• Recently Renovated 4 Bed / 4 Bath Coastal Residence totaling approximately 3,043 SF

across three levels on a 4,000 SF lot

• Panoramic 180-Degree Ocean Views with multiple levels of living designed to capture

coastal exposure and maximize rental appeal

• High-End Lifestyle Amenities including private backyard, jacuzzi, solar, EV charging, 1-

car garage, and access to six street parking permits

• Dual-Income Coastal Asset combining short-term rental revenue potential with in-place

retail income

Listing Contacts

PK
01446947, CA 01446947 (+1)
Marcus & Millichap - Orange County
Listed by Marcus & Millichap - Orange County

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591