640 S Coast HWY, Laguna Beach, CA 92651

$7,275,000

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Listed by Chad Concolino, 949-739-8968 from Main Beach Realty
(If provided) CoList: Dean Nunis from Main Beach Realty

List Price
$7,275,000
MLS#
CRLG26230255
Status
ACTIVE
Levels
Three or More Stories
Lot Size
6,643
Listing Area
Lv - Laguna Village
Year Built
1986

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

Cooling System
Window / Wall Unit
Garage Parking
Carport, Garage, Gate / Door Opener, Other, Uncovered Parking
Heating System
Forced Air
Laundry Facilities
Laundry Area, Washer, Community Facility, Dryer
Levels
Three or More Stories
Lot Size
6,643
Neighborhood
Lv - Laguna Village
Pool Description
None
Unincorporated Yn
Yes
View
Neighborhood View, Ocean View, Other, Panoramic, Water, View of City Lights

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Based on information from MLSListings MLS as of . 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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