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2711 E Coast Hwy
Corona Del Mar, CA 92625
The Masters Building | Trophy Coastal Asset · Retail Property For Sale
Investment Highlights
- Positioned at the Gateway to the Coast in One of Orange County’s Most Affluent and Prestigious Communities (CDM's Average Home Price is Nearly $4MM)
- Extraordinary Demographics – Surrounded by Extraordinary Household Wealth, with Average Household Income Exceeding $205,000 Within a One-Mile Radius
- 6.07% Pro Forma Cap Rate - Please See Offering Memorandum for More Details
- Exceptional Visibility and Traffic Exposure – Located Along Pacific Coast Highway with Traffic Counts Exceeding 50,000 Cars per Day
- Steps from Fashion Island (±1.3 Million SF of Class A Retail) and Over 3 Million Square Feet of Surrounding Class A Office Space
Property Facts
Property Type
Retail
Property Subtype
Building Size
11,604 SF
Building Class
B
Year Built/Renovated
1963/2018
Percent Leased
89%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.11
Lot Size
0.24 AC
Zoning
GC - Commercial Corridor - GC - Commercial Corridor, Costal Zone
Parking
26 Spaces (1.9 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,632,758 | |
| Land Assessment | $7,429,514 | Total Assessment | $10,062,272 |
Property Taxes
Parcel Numbers
Land Assessment
$7,429,514
Improvements Assessment
$2,632,758
Total Assessment
$10,062,272
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