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2600 S Coast Hwy 4 Unit Apartment Building $2,600,000 ($650,000/Unit) 1.90% Cap Rate Laguna Beach, CA 92651
Investment Highlights
- Rare Coastal asset just steps from Victoria Beach & Mermaid Beach
- Select unit sundecks and patios feature ocean views
- Attractive unit mix: (3) 1-bed/1-bath units and (1) non-conforming studio unit
- Adjacent corner is open space garden area, approximately 300 feet from the Pacific Ocean
- Common area with BBQ and lounge chairs
- 2,853 SF lot with four (4) single-car garages
Executive Summary
Mark Bridge at Matthews is pleased to present 2600 S Coast Highway, a rare coastal investment opportunity located on the north side of South Coast Highway in the heart of Laguna Beach.? Positioned just steps from Victoria Beach—one of Laguna's most iconic and picturesque coves—the property sits approximately 300 feet from the Pacific Ocean in one of Southern California's premier coastal housing markets.?
Built in 1953, the property consists of three (3) one-bedroom/one-bath units and one (1) non conforming studio unit situated on a ±2,853 square foot lot.? Select units and patios feature ocean views, further enhancing tenant appeal and long-term value.? The property also includes four (4) single-car garages, providing valuable off-street parking in a high-demand beach community.? Current rents are below market, presenting investors with a compelling value-add opportunity through strategic interior renovations and rental repositioning.?
2600 S Coast Highway benefits from its exceptional Class A location within walking distance to Victoria Beach, known for its scenic coves, tide pools, sea caves, and volleyball courts.? The property is ideally located near Surf & Sand Resort, Montage Laguna Beach, Main Beach, and Dana Point Harbor.? With over seven miles of protected coastline, Laguna Beach offers a pristine natural setting combined with boutique retail, dining, and strong local employment drivers—supporting consistent rental demand and long-term appreciation.?
Email: Mark.Bridge@Matthews.com | Phone: 949-681-8388
Broker of Record | David Harrington | License # 01320460, 02168060 (CA)
Built in 1953, the property consists of three (3) one-bedroom/one-bath units and one (1) non conforming studio unit situated on a ±2,853 square foot lot.? Select units and patios feature ocean views, further enhancing tenant appeal and long-term value.? The property also includes four (4) single-car garages, providing valuable off-street parking in a high-demand beach community.? Current rents are below market, presenting investors with a compelling value-add opportunity through strategic interior renovations and rental repositioning.?
2600 S Coast Highway benefits from its exceptional Class A location within walking distance to Victoria Beach, known for its scenic coves, tide pools, sea caves, and volleyball courts.? The property is ideally located near Surf & Sand Resort, Montage Laguna Beach, Main Beach, and Dana Point Harbor.? With over seven miles of protected coastline, Laguna Beach offers a pristine natural setting combined with boutique retail, dining, and strong local employment drivers—supporting consistent rental demand and long-term appreciation.?
Email: Mark.Bridge@Matthews.com | Phone: 949-681-8388
Broker of Record | David Harrington | License # 01320460, 02168060 (CA)
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$87,900
|
$65.21
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,637
|
$1.96
|
| Effective Gross Income |
$85,263
|
$63.25
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$40,825
|
$30.29
|
| Net Operating Income |
$44,438
|
$32.97
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $87,900 |
| Annual Per SF | $65.21 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $2,637 |
| Annual Per SF | $1.96 |
| Effective Gross Income | |
|---|---|
| Annual | $85,263 |
| Annual Per SF | $63.25 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $40,825 |
| Annual Per SF | $30.29 |
| Net Operating Income | |
|---|---|
| Annual | $44,438 |
| Annual Per SF | $32.97 |
Property Facts
| Price | $2,600,000 | Apartment Style | Garden |
| Price Per Unit | $650,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 1.90% | Building Size | 1,709 SF |
| Gross Rent Multiplier | 29 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1953 |
| Property Subtype | Apartment | Parking Ratio | 2.34/1,000 SF |
| Zoning | Multifamily - Multifamily | ||
| Price | $2,600,000 |
| Price Per Unit | $650,000 |
| Sale Type | Investment |
| Cap Rate | 1.90% |
| Gross Rent Multiplier | 29 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 1,709 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 2.34/1,000 SF |
| Zoning | Multifamily - Multifamily |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $1,950 | 450 |
| Studios | 1 | $1,475 | 360 |
1 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 656-103-01 | Improvements Assessment | $84,771 |
| Land Assessment | $319,222 | Total Assessment | $403,993 |
Property Taxes
Parcel Number
656-103-01
Land Assessment
$319,222
Improvements Assessment
$84,771
Total Assessment
$403,993
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