2950 S Coast

Description

This iconic mixed-use property in the heart of South Laguna Beach presents a rare opportunity to own a well-known local landmark. Situated along the highly desirable South Coast Highway, this property is home to a beloved flower shop, a staple in the community, with an established presence and steady foot traffic. Above the retail space is a charming 2-bedroom, 2-bathroom Airbnbwith a den featuring stunning ocean views from itsspacious deck, making it a sought-after short-term rentaldestination. There is a fully approved and operationalshort-term lodging permit that runs with the property.Short-term lodging permits are incredibly rare in LagunaBeach, which creates a high barrier to entry forcompetitors. The rental unit has undergone significantimprovements recently, including a fully permitted rooftopdeck with an ocean view. This is an exceptional opportunityto own a well-located property with a rare short-termlodging permit in one of Californias most desirable coastaltowns. Whether as an investment property, an opportunityto run a business, or the potential to utilize the building asan owner/user, this property presents flexible options toown a jewel box asset at a reasonable price point in theworld class city of Laguna Beach, CA.