1259 S Coast Hwy Laguna Beach, CA 92651
The Village NeighborhoodEstimated payment $24,089/month
Total Views
16,656
2
Beds
5
Baths
2,083
Sq Ft
$1,918
Price per Sq Ft
Highlights
- Ocean Side of Highway 1
- Wood Flooring
- Double Pane Windows
- Top Of The World Elementary School Rated A
- No HOA
- Ductless Heating Or Cooling System
About This Home
Welcome to 1259 South Coast Highway, a beautifully updated mixed-use property in the heart of Laguna Beach’s coveted "Hip District." This unique offering includes two high-visibility commercial retail spaces fronting PCH and two stylish residential units tucked away for privacy—creating an incredible investment or owner-user opportunity. Renown for its natural beauty, artistic heritage and vibrant culture, Laguna Beach is a strategic location for retailers looking to provide a unique consumer experience. Laguna Beach welcomes over 6 million visitors annually, ensuring consistent exposure for commercial tenants and strong rental demand.
Recently reborn with extensive upgrades, this property is truly turnkey. Updates include new electrical, plumbing, roof, HVAC, kitchens, baths, flooring, lighting, EV chargers, and more—giving you peace of mind for years to come.
Situated on the ocean side of PCH, the property zoning allows one residential unit to be used as a lucrative short-term rental, tapping into Laguna Beach’s thriving vacation rental market, where the average AirBnb nightly rate is $377 and the average hotel nightly rate is $650.
This prime property is just moments from Brooks Street Beach, home to the longest-running surf contest, the Surf n Sand Resort, and the Forest Promenade—all accessible without needing your car.
The versatile Residential & Commercial Spaces consist of:
RETAIL SPACE #1 – Open floor plan with prime PCH exposure on a high-foot-traffic block.
RETAIL SPACE #2 – Prime PCH frontage and includes a private deck and outdoor shower, a must-have when you're this close to the beach.
RESIDENTIAL UNIT #A – No expense was spared updating this stunning ground-level studio, perfect as a “pied-a-terre” for enjoying the Laguna lifestyle.
RESIDENTIAL UNIT #B – A spacious 2-bed + office, 2-bath unit with a private fenced-in yard, ideal for full-time living or rental income.
Whether you're looking for an income-producing asset, a live/work opportunity, or a vacation retreat, this property offers unmatched flexibility in a can't miss location. Don’t miss this rare chance to own a turnkey mixed-use gem in the heart of Laguna Beach!
Listing Agent
Compass Brokerage Phone: 949-375-6778 License #01878796 Listed on: 03/24/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $24,297
Year Built
- Built in 1935 | Remodeled
Lot Details
- 3,433 Sq Ft Lot
- No Common Walls
- Rectangular Lot
Home Design
- Turnkey
- Combination Foundation
- Shingle Roof
- Cement Siding
Interior Spaces
- 2,083 Sq Ft Home
- 2-Story Property
- Double Pane Windows
- Living Room with Fireplace
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 2 Bedrooms
- 5 Bathrooms
Laundry
- Laundry Room
- Stacked Washer and Dryer
Parking
- 3 Open Parking Spaces
- 3 Parking Spaces
- Parking Available
- Assigned Parking
Outdoor Features
- Ocean Side of Highway 1
Utilities
- Ductless Heating Or Cooling System
- Heating Available
- Natural Gas Connected
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 8 / 52
- Tax Tract Number 415
- Assessor Parcel Number 64407403
- $915 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
- The Village Subdivision
Building Details
- 4 Leased Units
- 3 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $2,400
- Insurance Expense $6,336
- Water Sewer Expense $600
- New Taxes Expense $40,749
- Operating Expense $35,833
- Gross Income $159,000
- Net Operating Income $106,715
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $24,297 | $2,342,588 | $2,286,814 | $55,774 |
| 2024 | $24,297 | $2,296,655 | $2,241,974 | $54,681 |
| 2023 | $23,709 | $2,251,623 | $2,198,014 | $53,609 |
| 2022 | $23,231 | $2,207,474 | $2,154,916 | $52,558 |
| 2021 | $22,754 | $2,164,191 | $2,112,663 | $51,528 |
| 2020 | $22,477 | $2,142,000 | $2,091,000 | $51,000 |
| 2019 | $2,254 | $149,406 | $123,122 | $26,284 |
| 2018 | $2,197 | $146,477 | $120,708 | $25,769 |
| 2017 | $2,136 | $143,605 | $118,341 | $25,264 |
| 2016 | $2,079 | $140,790 | $116,021 | $24,769 |
| 2015 | $2,029 | $138,676 | $114,279 | $24,397 |
| 2014 | $1,975 | $135,960 | $112,040 | $23,920 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/24/2025 03/24/25 | For Sale | $3,995,000 | 0.0% | $1,918 / Sq Ft |
| 05/02/2019 05/02/19 | Rented | $1,295 | 0.0% | -- |
| 03/25/2019 03/25/19 | For Rent | $1,295 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Chicago Title Company | |
| Grant Deed | $2,100,000 | Chicago Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Similar Homes in Laguna Beach, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: LG25064177
APN: 644-074-03
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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