MLS® ID: LG19104268

506 N. Coast Hwy.

Laguna Beach, California, 92651

$10,500,000 Active
  • 9 Beds
  • 9 Baths
  • 6000 SQFT
Opportunity knocks! This unique property under the same ownership since 1976 accommodates many different uses. Currently it operates as short term rentals, it could be a home with income, family compound or long term rentals. It is located at the North end of gallery row and minutes to Heisler Park, beach, town and shopping. Comprised of two legal parcels,4 buildings & 2 historic homes. The Myrtle Cottage is 3 bedrooms, 3 baths split into 2 units upstairs is 2 bedrooms, 2 baths, kitchen and sun porch. The downstairs complete with caterer's kitchen and large Verandah,/sun room is rented for special events and owners quarters/office. This structure is K rated. The Jacaranda Cottage is a one bedroom one bath single level cottage with large living room, sun porch, kitchen and laundry room it is E rated. They are listed on the inventory of the City of Laguna Beach. They may qualify for Mills Act buyer to do their own investigation. There are two back buildings built in @1940 one with 2 studio apartments and a sleeping room. The other one with 3 one bedroom apartments. There are 8 garages one is converted to laundry and storage. There are 2 other laundry rooms. They surround a large lushly landscaped courtyard that affords great privacy. Seller will only sell the two parcels together. It has been operating as short term rentals since 2001 and pays bed tax to the City of Laguna Beach at 14% of the gross income under 31 days. The permit is grandfathered.
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Listing courtesy of Coldwell Banker Res Brokerage

Amenities

  • Full baths
    2
  • Half baths
    0
  • Three-quarter Baths
    7
  • Full Baths Range
    4+ Baths
  • Total Baths
    9
  • Zip
    92651
  • Office name
    Coldwell Banker Res Brokerage
  • SQFT
    6000
  • Bedrooms
    9
  • Property type
    Quadruplex
  • Zoning type
    R3
  • School district
    Laguna Beach Unified
  • Elementary school
    El Morro
  • Junior high
    Thurston
  • High school
    Laguna Beach
  • Year built
    1920
  • Lot size
    13774.00
  • Sewer
    Public Sewer
  • Heating
    Wall Furnace
  • Tax year
    0
  • Agent name
    Connie Maxsenti
  • Tax amount
    $ 0.0
  • Purchase Type
    Active
  • HOA fees
    $ 0.00
  • Price Range
    $2m+
  • Square Feet Range
    5000-7000 sq ft.
  • Bedrooms Range
    9 Beds
  • Year Built Range
    1989 (and earlier)
  • Office ID
    LCNP
  • Agent ID
    LMAXSCON

Location

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