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Listing Agent: Yubo Mu CalDRE: 01921557 - Pinnacle Real Estate Group, 949-258-2228
680 S Coast Hwy, Laguna Beach CA, 92651(Active)
$15,000,000
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10,796 sqft
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MLS# OC23208337
Last Updated: 5/12/2024 2:25 AM
Description for
680 S Coast Hwy
Laguna Beach, CA 92651
State-of-the-Art Free-Standing Structure. The Red Dragon Building For Sale (Only building not business) A Rare and Exceptional Investment Opportunity. Impressive CAP rate of 5.6%Long-Term (10) Year Lease Absolute NNN Lease With Annual 3% IncreasesFull-service bar and restaurant featuring an Ocean View Terrace on the 3rd FloorContemporary exterior & interior masterfully envisioned by acclaimed Laguna Beach architectCutting-edge commercial kitchens spanning the 1st and 2nd floors, equipped with the latest culinary technology and a spacious walk-in cooler/freezerUnparalleled Platinum Location in Laguna Beach: 7 min stroll to Main Beach Park, 6 min walk to Downtown, 3 min jaunt to HIP District. Exceptional proximity to designated parking areas, boutiques, eateries, art galleries, and renowned hotels. Boasting a walk score of #96
Price
$15,000,000
Orange
10,796 (approx)
OC23208337
Active
Description
State-of-the-Art Free-Standing Structure. The Red Dragon Building For Sale (Only building not business) A Rare and Exceptional Investment Opportunity. Impressive CAP rate of 5.6%Long-Term (10) Year Lease Absolute NNN Lease With Annual 3% IncreasesFull-service bar and restaurant featuring an Ocean View Terrace on the 3rd FloorContemporary exterior & interior masterfully envisioned by acclaimed Laguna Beach architectCutting-edge commercial kitchens spanning the 1st and 2nd floors, equipped with the latest culinary technology and a spacious walk-in cooler/freezerUnparalleled Platinum Location in Laguna Beach: 7 min stroll to Main Beach Park, 6 min walk to Downtown, 3 min jaunt to HIP District. Exceptional proximity to designated parking areas, boutiques, eateries, art galleries, and renowned hotels. Boasting a walk score of #96
Listing Information
Public
Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected
1 Total
Neighborhood
Room Information
See Remarks
Exterior / Lot Features
0 Covered Parking Spaces,
Walkstreet
Driving Directions
Take the CA-133 S / Laguna Beach exit toward Pacific Coast Hwy. Turn left onto S Coast Hwy. The destination will be on your left
Financial Considerations
Cash,Cash to New Loan,1031 Exchange
Listing Price History
 Laguna Beach Real EstateLaguna Beach is located in California. Laguna Beach, California 92651 has a population of 23,347. The median household income in Laguna Beach, California 92651 is $140,532. The median household income for the surrounding county is $94,474 compared to the national median of $66,222. The median age of people living in Laguna Beach 92651 is 39 years.
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Listing Agent: Yubo Mu CalDRE: 01921557 - Pinnacle Real Estate Group, 949-258-2228
This content last refreshed on 5/12/2024 2:25 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.
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