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2744 E Coast Hwy
Corona Del Mar, CA 92625
Retail Property For Sale


Executive Summary
Coastal Commercial is pleased to offer 2744 E. Coast Highway, a rare and highly visible multi-tenant retail property located in the heart of Corona del Mar, one of Southern California’s most affluent coastal communities. This ±5,750 SF retail asset sits along the premier East Coast Highway corridor, a highly trafficked thoroughfare connecting luxury residential neighborhoods, world-class beaches, and the vibrant village center. The property benefits from excellent frontage, significant pedestrian traffic, and
exposure to over 50,000 vehicles per day, making it an ideal location for service-oriented and retail tenants seeking a prestigious coastal presence.
Surrounded by boutique retailers, fine dining establishments, and lifestyle-focused businesses, 2744 E. Coast Highway offers a stable income profile with multiple avenues for future upside. Investors have the opportunity to capitalize on long-term value creation through rent growth, tenant repositioning, or aesthetic upgrades in a market characterized by limited new development and high barriers to entry. The property’s location, coupled with Corona del Mar’s strong demographics and enduring
desirability, makes this an exceptional acquisition for investors seeking both current income and long-term appreciation in a supply-constrained coastal submarket.
With its combination of irreplaceable location, walkable retail environment, and strong coastal fundamentals, 2744 E. Coast Highway represents a compelling investment opportunity for both institutional and private investors looking to secure a high-profile asset in one of Orange County’s most sought-after communities.
exposure to over 50,000 vehicles per day, making it an ideal location for service-oriented and retail tenants seeking a prestigious coastal presence.
Surrounded by boutique retailers, fine dining establishments, and lifestyle-focused businesses, 2744 E. Coast Highway offers a stable income profile with multiple avenues for future upside. Investors have the opportunity to capitalize on long-term value creation through rent growth, tenant repositioning, or aesthetic upgrades in a market characterized by limited new development and high barriers to entry. The property’s location, coupled with Corona del Mar’s strong demographics and enduring
desirability, makes this an exceptional acquisition for investors seeking both current income and long-term appreciation in a supply-constrained coastal submarket.
With its combination of irreplaceable location, walkable retail environment, and strong coastal fundamentals, 2744 E. Coast Highway represents a compelling investment opportunity for both institutional and private investors looking to secure a high-profile asset in one of Orange County’s most sought-after communities.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,750 SF
Building Class
B
Year Built
1979
Price
$10,000,000
Price Per SF
$1,739.13
Cap Rate
4.39%
NOI
$439,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.53
Lot Size
0.25 AC
Zoning
C1, Newport Beach
Parking
21 Spaces (3.65 Spaces per 1,000 SF Leased)
Frontage
85’ on E Coast Hwy
Amenities
- Freeway Visibility
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Air Conditioning
Property Taxes
| Parcel Number | 459-034-16 | Improvements Assessment | $681,123 |
| Land Assessment | $668,207 | Total Assessment | $1,349,330 |
Property Taxes
Parcel Number
459-034-16
Land Assessment
$668,207
Improvements Assessment
$681,123
Total Assessment
$1,349,330
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