
Laguna Beach, California 92651
This High-Potential Investment Opportunity is a Mixed-Use Asset listed at $7,100,000, positioned slightly above the $6,966,077 Fair Market Value. Featuring a Condition Rating of 3, the property underwent a comprehensive 2018 renovation, ensuring modern, turnkey interiors. With 17 parking spaces, a Short-Term Rental License, and panoramic ocean views, this property offers significant revenue versatility. The combination of commercial storefronts and residential units provides a robust income stream in a high-traffic coastal location. This is an ideal acquisition for Buy-and-Hold Investors or Commercial Developers seeking a trophy asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 618 S Coast Highway Subject | $6,800,000* List Price | 0 | 0 | 4,005 | $1,652 | - |
A 379 Aster Active | $6,500,000 List Price | 0 | 0 | 4,539 | $1,432 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property underwent a full interior and exterior renovation in 2018 (approximately 6-8 years ago). It features modern kitchens with high-gloss cabinetry and stainless steel appliances, updated flooring, and contemporary mini-split HVAC systems, making it well-maintained and move-in ready.
This mixed-use trophy property offers diverse revenue streams through four residential units and a prime commercial storefront, further enhanced by a rare and coveted short-term rental license for two of the units.
In the high-density Laguna Village area, the provision of 17 total parking spaces—including multiple garages and carports—represents a massive competitive advantage and a significant value-add for both tenants and customers.
Following a comprehensive 2018 renovation, the property offers modern interiors and ocean views from every unit, complemented by a rooftop deck and a Mediterranean-style courtyard that commands premium market rates.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5737, other record lot size in square feet = 5527. Living area discrepancy between mls listing and other public or private record. mls listing living area = 4005, other record living area = 2597.
The property's prominent location on South Coast Highway ensures high commercial visibility but subjects the residential units to significant street noise and traffic congestion typical of a major coastal thoroughfare.
Managing a mixed-use asset with a combination of commercial retail, long-term residential, and short-term rentals requires more intensive management and higher oversight costs than a standard multi-family investment.
An Irreplaceable Coastal Trophy Asset in the Heart of The Village Rarely does an opportunity arise to acquire a true mixed-use trophy property in the heart of The Village, Laguna Beach’s most coveted coastal neighborhood. Combining exceptional income, irreplaceable location, panoramic ocean views, and meaningful future upside in one of the world’s most prestigious beach communities. The property features four residential residences and one prominent two-story street-front commercial building, creating a highly desirable income-producing asset with long-term appreciation potential. Its defining feature is an exceptionally rare rooftop deck spanning more than 1,200 square feet, offering breathtaking views of the Pacific Ocean, Catalina Island, the Laguna coastline, and the vibrant Village below. Even more remarkable, every residential unit enjoys ocean views A beautifully landscaped courtyard centered around a magnificent mature tree creates a peaceful private retreat, while the commercial space enjoys prime South Coast Highway frontage in one of Orange County’s most desirable retail corridors. With an outstanding Walk Score® of 94, residents and guests are just steps from world-class beaches, acclaimed restaurants, art galleries, luxury boutiques, and entertainment. The property also offers an extraordinary 17 off-street parking spaces, an amenity that is exceptionally rare in downtown Laguna Beach. Fully renovated in 2018, the property includes highly coveted short-term rental permits for two residential units, providing valuable income flexibility. Future upside is equally compelling. A completed feasibility study with the City of Laguna Beach confirms the ability to add approximately 500 additional square feet. At today’s pricing, that expansion represents the potential to create over $800,000 in additional value, while contractor estimates place the cost of construction at approximately $100,000, including roof reinforcement and an expanded rooftop deck. Additional rental upside also exists as leases mature and rents move toward market rates. Premier coastal investments are not valued solely by cap rate. They command premium pricing because of what cannot be recreated location, scarcity, and enduring desirability. Properties offering ocean views from every residence, substantial parking, rooftop entertaining space, short-term rental income, and future expansion opportunities are exceptionally scarce in downtown Laguna Beach.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 4,005 | - |
| Lot Size | 5,737 | - |
| Price | $6.80M | $6.24M |
| Price per sq ft | $1.7K | $891 |
| Built year | 1965 | 0 |
| HOA | $0 | $0 |
| Days on market | 22 | 317 |
Jul 17, 2026
$6,800,000
$7,100,000
-4% Price Drop
Initial Listing
Jun 30, 2026
$7,100,000
Initial Listing
Dec 13, 2021
$5,100,000
Public Record
Oct 13, 2016
$3,350,000
Public Record