305 Forest Avenue, Laguna Beach, CA 92651

$2,595,000 Approx. USD 0 beds, 0 baths
4,000 sqft

Agent Remarks

An amazing investment property in Downtown Laguna Beach. It is located at the corner of Glenneyre St. and Forest Ave. which is right in the center of Downtown Laguna! This incredible property consists of 4 retail shops which are all very strong. Their leases are all triple net, tenants pay all costs. In addition, the property is on the Historic Register and is under the Mills Act so the property taxes will remain very low. It is in perfect condition and is very low maintenance. The building is on a long term ground lease. Cap Rate is 7.4% based on the asking price with scheduled rent increases bringing it to over 7.8% at the asking price. This is truly a once in a lifetime opportunity to own a perfectly located investment property in the heart of Downtown Laguna Beach.

Listing Details

Property type: (Commercial)
Status: Pending
MLS# LG16168876
List price is $2,595,000
Beds: 0
Baths: 0
4,000 sqft
0.08 acres
Lot size: 3700.000
County: Orange
Heating description: Forced Air
MLS area: LV - Laguna Village

Last Updated: 10/14/2016

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This listing belongs to the LV - Laguna Village MLS area

Lat/Long: 33.543243, -117.782325.
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Broker: Courtesy of Main Beach Realty
Listing Agent: Cary Glenn

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Total population of , which has changed by % since 1990.
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Out of households, are families.

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