Laguna Beach, CA 92651,319 3rd St
$1,200,000
Est. payment /mo
$1,100,000
9.1%
Est.Price: ?

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1,200 SqFt
SOLD DATE : 09/01/2021

Key Details

Sold Price $1,200,000

Property Type Commercial

Sub Type Office

Listing Status Sold

Purchase Type For Sale

Square Footage 1,200 sqft

Price per Sqft $1,000

MLS Listing ID 21-734522

Sold Date 09/01/21

Year Built 1954

Lot Size 1,307 Sqft

Acres 0.03

Property Sub-Type Office

Property Description

The 3rd Street office building is an ideal opportunity for a real estate investor to take advantage of purchasing a quality office building located in the heart of Laguna Beach. A major advantage of the 3rd Street property is the ability to purchase as an investment or utilize the space as a personal office. The properties current rent levels are slightly below market, allowing the ability for the new owner to take advantage of increasing rents to market levels. The 3rd Street Offices at Laguna is the perfect office investment opportunity with projected long-term market stability, positive rental growth fundamentals, outstanding sub-market beach location, tax and long-term appreciation benefits.

Location

State CA

County Orange

Area Laguna Village

Building

Story 1

Others

Special Listing Condition Standard

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TheMLS (CLAW)
Listed by Avison Young – Southern CA LTD
Bought with Avison Young – Southern CA LTD

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Ivan Perez

Ivan Perez

+1(818) 242-6422

Broker Associate | License ID: 01952891

Broker Associate License ID: 01952891

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