1953 S Coast,Laguna Beach, CA 92651
Laguna Beach, CA 92651
Description
1953 S Coast Hwy presents a unique opportunity to acquire a recently renovated mixed-use investment in Laguna Beach with approved short-term lodging and supplemental retail income. The property consists of approximately 3,043 SF across three levels on a 4,000 SF lot, featuring 4 bedrooms, 4 bathrooms, and expansive living space with 180-degree ocean views. The residential unit is well-suited for premium short-term rental demand, offering multi-level living, sound insulated walls to reduce road noise, a private backyard with jacuzzi, solar, EV charging, garage and driveway parking. The property benefits from an established and active short-term lodging permit that allows for ongoing, year-round operation, subject to standard City compliance. Importantly, the permit is already included within Laguna Beach’s capped inventory of approved units and runs with the land, providing a durable and difficult-to-replicate operating position. The retail component adds a second income stream and is currently leased on a month-to-month basis, with market rent estimated at $4,000 per month. Opportunities to acquire a dual-income coastal asset with existing, transferable short-term rental approval in Laguna Beach are extremely limited, positioning this as both a lifestyle and investment play.
Details
| MLS # | OC26091697 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1932 |
| Days On Site | 131 |
| Listing Provided By | Parham Khoshbakhtian, Broker | Parham Khoshbakhtian |
Features
| SQ Feet | 3,043 |
|---|---|
| Garage | 1 |
| Story(s) | 3 |
| Units | 2 |
| Building(s) | 1 |
| Acreage | 0.09 |
Exterior
| Lot Features | Back Yard |
|---|
Parking
| Garage Yes / No | Yes |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Suburban |
|---|
Area Information
| State | CA |
|---|---|
| County | Orange |
| City | Laguna Beach |
| Zip Code | 92651 |
| Area | SL South Laguna |
| Community Name | South Laguna Village (SLV) |
| Listing VS Median (in South Laguna Village (SLV)) | |
Price: $5,495,000 low | high Med: $2,599,000 sqft: 3,043 low | high Med: 1,118 $ / sqft: $1,806 low | high Med: $2,325 On site: 131 low | high Med: 87 | |
Market Activity 92651
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Orange |
| City | Laguna Beach |
| Zip Code | 92651 |
| Area | SL South Laguna |
| Community Name | South Laguna Village (SLV) |
| Listing VS Median (in South Laguna Village (SLV)) | |
Price: $5,495,000 low | high Med: $2,599,000 sqft: 3,043 low | high Med: 1,118 $ / sqft: $1,806 low | high Med: $2,325 On site: 131 low | high Med: 87 | |
 | $3,500,0001990 S CoastLaguna Beach, CA 92651 |