1259 South Coast Highway

Laguna Beach, CA 92651

$3,995,000
Price
2
Beds
5
Baths
2,083 Sq. Ft.
$1,918 / Sq. Ft.
2,083
Sq. Ft.
$1,918
per Sq. Ft.

Description

Welcome to this stunning mixed-use property located at 1259 South Coast Highway in the heart of beautiful Laguna Beach. Comprised of two commercial retail units and two residential apartments, this unique property offers a perfect blend of residential and commercial space, making it a versatile and attractive investment opportunity. This charming property was just completely reborn with updates throughout including new electrical, new plumbing, new roof, new HVAC, new kitchens & baths, new flooring,...Welcome to this stunning mixed-use property located at 1259 South Coast Highway in the heart of beautiful Laguna Beach. Comprised of two commercial retail units and two residential apartments, this unique property offers a perfect blend of residential and commercial space, making it a versatile and attractive investment opportunity. This charming property was just completely reborn with updates throughout including new electrical, new plumbing, new roof, new HVAC, new kitchens & baths, new flooring, lighting, EV chargers and more. It's ready for the new owner to step in and enjoy for many years to come without having to worry about any major maintenance.

The first residential unit (#A) is the perfect "pied-de-terre" for anyone looking to plug into the Laguna lifestyle. This single level ground level studio unit is brand new and no expense was spared when updating this unit. Approximately 352 SF
The second residential unit (#B) boasts 2 bedrooms plus an office, 2 baths and comes with a fenced in grass yard. Approximately 1024 SF
The first retail space is approximately 392 square feet has an open floor plan and bathroom.
The second retail space is approximately 315 square feet has a deck and outdoor shower. When you're this close to the ocean, a beach home needs to have an outdoor shower to rinse off after a morning stroll or surf.
This property's prime location on the ocean side of PCH in the "Hip District" and across the street from "The Greeter," offers easy access to the best of Laguna Beach's renowned amenities, including world-class beaches, bespoke art galleries, and delicious dining options. Just a stone's throw from famed Brooks Street Beach, the local surf spot and home of the longest running surf contest, you can spectate or take part in the active beach lifestyle on a moment's notice. Walk across the street to Heidleberg Cafe in the morning for coffee and breakfast. Take a stroll on the sandy shoreline all the way to Main Beach/Downtown. Later dine at Sapphire which is also across the street. You won't need to drive your car...all these amenities are within reach.
With its mixed-use zoning and enviable location, the property provides the flexibility to accommodate a variety of endeavors, adding to its appeal and potential. Occupy one of the residential units making it your vacation home while renting out the other units.

Listing Agents

  1. Paulo Prietto

    Paulo Prietto

    Listing Agent

    Compass

    DRE #01878796

    paulo.prietto@compass.com

    P: (949)-375-6778

  2. Mike Johnson

    Mike Johnson

    Alternative Listing Agent

    Compass

    DRE #01429647

Property Details for 1259 South Coast Highway

View
None
Parking Spaces Total
3
Private Pool
No
Cooling Type
Ductless
Total Units
4.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
2083
LISTING UPDATED: 08/07/2024 08:17 AM

Property Details for 1259 South Coast Highway

StatusActive
MLS #LG24156702
Days on Market113
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1935
Lot Size0.08 AC / 3,433 SF
CountyOrange County
Buyer's Agent Compensation2%

Building Information for 1259 South Coast Highway

Stories2Residences-Year Built1935Building Size-Lot Size0.08 AC / 3,433 SF

Property Information for 1259 South Coast Highway

Income / Expense / Tax Details
Income Details
  • Gross Income: $155,400
  • Gross Scheduled Income: $155,400
  • Net Operating Income: $106,301
Expense Details
  • Operating Expense: $32,058
  • New Taxes Expense: $40,749
  • Fuel Expense: $0
  • Electric Expense: $2,400
  • Insurance Expense: $5,350
  • Trash Expense: $0
  • Water Sewer Expense: $600
  • Total Expenses: $32,058
Tax / Assessment Info
  • Tax Block: 52
  • Tax Tract Number: 415
  • Tax Census Tract: 626.19
  • Tax Lot: 8
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Stackable
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: Ductless
  • Heating Type: Ductless
  • Heating: Ductless, Fireplace(s)
  • Flooring: Vinyl, Wood
Exterior Features
  • Window Features: Double Pane Windows
  • Construction Materials: Cement Siding
  • Roof: Shingle
  • Entry Location: 1
  • Foundation Details: Combination
  • Property Condition: Turnkey, Updated/Remodeled
  • View Description: None
  • Waterfront Features: Ocean Side Of Highway 1
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: Rectangular Lot
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Alley Paved
  • Road Frontage Type: City Street
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 3
  • Open Other Spaces Total: 3
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Assigned, On Site
Property / Structure Info
  • Builders Tract Name: The Village
  • Builders Tract Code: The Village (VIL)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,350
  • Unit Type Total Rent: $3,350
  • Unit Type Pro Forma: 3350
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $5,250
  • Unit Type Total Rent: $5,250
  • Unit Type Pro Forma: 5250
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,150
  • Unit Type Total Rent: $2,150
  • Unit Type Pro Forma: 2150
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,200
  • Unit Type Total Rent: $2,200
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number With Range: 2
  • Number With Refrigerator: 2

Property History for 1259 South Coast Highway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1259 South Coast Highway

Taxable ValueLand$2,241,974Additions$54,681Total$2,296,655
Tax Record2024$24,297 ($2,025 / month)
Home Facts
Lot Size3,500 SqFtStyleMiscellaneous CommercialCountyORANGEAPN644-074-03

Schools near 1259 South Coast Highway

This home is within Laguna Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Private - K to 3
Rating
School
Distance
Top Of The World Elementary School
PublicK to 5

Thurston Middle School
Public6 to 8

Laguna Beach High School
Public9 to 12

LEA Stone
PrivateK to 3

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1259 South Coast Highway is a mixed use property for sale in Laguna Beach, CA 92651. This property was listed for sale on July 30, 2024 by Compass, it's currently listed at $3,995,000. This listing's school district is Laguna Beach Unified School District. Nearby schools include Top Of The World Elementary School, Thurston Middle School and Laguna Beach High School. 1259 South Coast Highway is a 2-bed, 5-bath, 2,083 sqft mixed use property built in 1935.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Compass, Paulo Prietto, DRE #01878796; Compass, Mike Johnson, DRE #01429647

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.