696 & 690 S Coast, Laguna Beach, CA 92651
List Price: $40M
Listing Status: Active
0Days on Market: 0
0 Bedrooms · 0 Bathrooms
Property Type: CommercialSale
Lot Size: 47,476 sq ft
MLS Number: NP26157775
About This Property
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.
Listing provided by: Mark Simon DRE #00816134 949-723-7080 markdsimon@bhhscal.com, Berkshire Hathaway Homeservice
Source: CRMLS, MLS #: NP26157775
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