696 & 690 S Coast, Laguna Beach, CA, CA 92651

$40,000,000

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List Price
$40,000,000
Status
ACTIVE
MLS#
NP26157775
County
Orange
Square Feet
31,726
Lot Size (acres)
1.0899
Lot Location
Lot Over 40000 Sqft, Over 40 Units/Acre, Near Public Transit, Walkstreet
Days on Market
10
Property Type
Commercial
Property Sub Type
Hotel/Motel

Property Description

BHHSCP Commercial Division is pleased to present the 14 West Portfolio, comprised of two adjoining hospitality properties totaling approximately +/- 1.097 acres along South Coast Highway in Downtown Laguna Beach. The property is improved with 31726 SF of existing hotel and retail improvements consisting of two separate hospitality buildings totaling 69 rooms and suites, plus two ground-floor retail units. The South Building at 696 SCH includes 55 hotel rooms, pool and courtyard amenities, meeting and event infrastructure, lobby and guest services area, and a shuttered restaurant and lounge component with an existing Type 47 liquor license. The restaurant and lounge offer a significant value-add opportunity. The North building at 690 SCH includes 14 boutique studio suites featuring kitchenettes and fireplaces and supporting hospitality infrastructure. The properties also include 69 total parking spaces consisting of surface parking at the South building and subterranean podium parking at the North building. This is a rare generational opportunity to acquire 69 keys in one of SoCal's most supply-constrained lodging markets with operational scale and flexibility, offering the ability to rebrand, soft flag, or elevate operations without franchise restrictions.

Additional Information

Parcel Number
64403615
Lot Features
Lot Over 40000 Sqft, Over 40 Units/Acre, Near Public Transit, Walkstreet
Appliances
Dryer, Washer
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Parking Spaces
56
Water
Public

Listing courtesy of Listing Agent: Mark Simon (markdsimon@bhhscal.com) from Listing Office: Berkshire Hathaway Homeservice.

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.