±6,972-SF Multi-Tenant Retail Building Steps From the Pacific Ocean Asking Price of $4,950,000 ±$710/sf (4.4% cap rate, proforma cap of 6.2%) PCH frontage with a rare private parking lot providing 11 exclusive stalls Two retail tenants on 1st floor and US Postal Service on entire 2nd floor Owner user potential: 2,250 SF is MTM (±1/3rd of building) Laguna Beach regularly exceeds $600M in annual retail sales New ordinance allowing up to ±3,822-SF of residential on the 2nd floor Exceptionally high household incomes and robust consumer spending