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OFFERING MEMORANDUM
2020 S Coast Hwy Laguna Beach, CA
Kidder Mathews | Laguna Beach Inn 2
Kidder Mathews12230 El Camino Real, 4th FloorSan Diego, CA 92130858.509.1200
EXCLUSIVELY REPRESENTED BY
Dev PatelSenior Vice [email protected] | LIC #01858087
Kidder Mathews | Laguna Beach Inn 3
The information contained herein is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Kidder Mathews and should not be made available to any other person or entity without the written consent of Kidder Mathews.
This information has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Kidder Mathews has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Kidder Mathews has not verified, and will not verify, any of the information contained herein, nor has Kidder Mathews conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.
This information has been secured from sources we believe to be reliable. We make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Recipient of this report must verify the information and bears all risk for any inaccuracies.
2020 SOUTH COAST HWY, LAGUNA BEACH, CA 92651
01Executive Summary
• The Opportunity• Property Aerial• Property Photos
02Comparables
• Sale Comparables
03Location Overview
• Laguna Beach Overview• Amenity Aerial• Demographics
04Company Overview
• About Kidder Mathews
Kidder Mathews | Laguna Beach Inn 4
Kidder Mathews | Laguna Beach Inn 5
Executive Summary
• The Opportunity
• Property Aerial
• Property Photos
Kidder Mathews | Laguna Beach Inn 6
Executive SummaryKidder Mathews has been retained to exclusively market and sell the Laguna
Beach Inn located at 2020 S Coast Highway in Laguna Beach, California.
THE OPPORTUNITY
This 24-key Inn is located just across the street from Wood’s Cove Beach and
Lover’s Beach, both known for their pristine sandy coves. The Laguna Beach
Inn is in a prime location just 1 mile south of downtown Laguna Beach with
free trolley stops to downtown right outside of the property. The property sits
on just about 1/2 acre of land on the hard corner of Diamond St and Coast
Highway 101. The Laguna Beach Inn will be delivered fully unencumbered from
management and debt.
PROPERTY SUMMARY
Asking Price Best Offer
Property Name Laguna Beach Inn
Address2020 S Coast Highway
Laguna Beach, CA 92651
Total Building Size ±8,000 SF
Total Land Size 0.52 acres
Number of Rooms 24
Kidder Mathews | Laguna Beach Inn 7
PROPERTY AERIAL
S Coast Hwy
Kidder Mathews | Laguna Beach Inn 8
PROPERTY PHOTOS
Kidder Mathews | Laguna Beach Inn 9
PROPERTY PHOTOS
Kidder Mathews | Laguna Beach Inn 10
Kidder Mathews | Laguna Beach Inn 11
Comparables
• Sales Comparables
Kidder Mathews | Laguna Beach Inn 12
ComparablesSALES COMPARABLES
6
1
2
3
4 5
9
7
8
LAGUNA BEACH
LA JOLLA
PACIFIC BEACH
OCEAN BEACH
CORONADO
SAN DIEGO
CLAIREMONT
MISSION BEACH
5
805
Rose
cran
s St
Balboa Ave
PACIFIC OCEAN
PACIFIC OCEAN
Lagu
na C
anyo
n R
d
Hillcrest Dr
Park Ave
Emer
ald
Canyo
n Rd
Kidder Mathews | Laguna Beach Inn 13
SALE COMPARABLES
ART HOTEL1404 N Coast Hwy, Laguna Beach
Sale Date 03/07/18
Sale Price $7,800,000
Price/Room $278,571
1
LAGUNA BEACH MOTOR INN985 N Coast Hwy, Laguna Beach
Sale Date 06/28/16
Sale Price $7,300,000
Price/Room $331,818
2
THE TIDES460 N Coast Hwy, Laguna Beach
Sale Date 04/06/16
Sale Price $7,350,000
Price/Room $334,091
23
THE PACIFIC EDGE HOTEL627-668 Sleepy Hollow, Laguna Beach
Sale Date 06/09/17
Sale Price $57,500,000
Price/Room $527,523
4
14 WEST BOUTIQUE HOTEL688-690 S Coast Hwy Laguna Beach
Sale Date 04/22/16
Sale Price $7,375,000
Price/Room $526,786
65
LAGUNA BEACH RIVIERA 825 S Coast Hwy, Laguna Beach
Sale Date 02/02/18
Sale Price $21,000,000
Price/Room $512,195
16
VILLA CAPRI1417 Orange Ave, Coronado
Sale Date 10/20/17
Sale Price $6,300,000
Price/Room $420,000
79
LA JOLLA INN1110 Prospect St, San Diego
Sale Date 02/12/16
Sale Price $7,100,000
Price/Room $308,696
7
PACIFIC VIEW610 Emerald St, San Diego
Sale Date 06/28/17
Sale Price $6,400,000
Price/Room $278,261
8
Kidder Mathews | Laguna Beach Inn 14
Kidder Mathews | Laguna Beach Inn 15
Location Overview
• Laguna Beach
Overview
• Amenities Aerial
• Demographics
Kidder Mathews | Laguna Beach Inn 16
Location OverviewLAGUNA BEACH
Laguna Beach is Southern California’s premier coastal destination
located along the southern coast of Orange County. The City of
Laguna Beach stretches 8.8 square miles along the Pacific Ocean.
Laguna Beach is home to more than 70 artist galleries and ranks
#1 in the United States in economic impact of the arts on a per
capita basis. Conde Nast Traveler named Laguna Beach among
“The Best Small Cities in the U.S.’ in 2016. The Laguna Beach Inn
is in a prime location with its easy access to one of Southern
California’s pristine beaches and its accessibility to downtown
via’ the Laguna Beach Trolley, which stops just outside
of the hotel providing guest easy access around the clock
to downtown Laguna Beach.
LOCATION HIGHLIGHTS
Rare opportunity to acquire Coastal Southern California Inn
Opportunity to reposition asset in one of “America’s Favorite Towns” - Travel + Leisure (2017)
Extremely High Barriers to Entry
Ocean and Sunset views
1000 steps to beautiful Wood’s Cove Beach
Over 1/2 Acre located on a signalized hard corner
Fee Simple
Kidder Mathews | Laguna Beach Inn 16
Kidder Mathews | Laguna Beach Inn 17
AMENITY AERIAL
South Coast Highway
WOOD’S COVE BEACH
DOWNTOWNLAGUNA BEACH
LAGUNA BEACH
TREASURE ISLAND BEACH
Kidder Mathews | Laguna Beach Inn 17
Kidder Mathews | Laguna Beach Inn 18
$
15
1 MILE 3 MILES 5 MILES
2018 4,127 14,824 54,629
2023 4,220 15,177 56,073
HOUSEHOLDS
1 MILE 3 MILES 5 MILES
2018 Avg $167,998 $154,614 $142,6689
2018 Med $130,990 $115,484 $110,399
HOUSEHOLD INCOME
1 MILE 3 MILES 5 MILES
2018 8,891 32876 135,440
2023 9,094 33,702 139,181
POPULATION
DEMOGRAPHICS
5
NEWPORT COAST
LAGUNA BEACH
LAGUNA WOODS
LAGUNA HILLS
ALISO VIEJO
LAGUNA NIGUEL
DANA POINT
5 MILES
3 MILES
1 MILE
Kidder Mathews | Laguna Beach Inn 19
Kidder Mathews | Laguna Beach Inn 20
Company Overview
• About Kidder Mathews
KIDDER MATHEWS SERVICES
Commercial Brokerage
Property Management
Valuation Advisory
Consulting
Project & Construction Management
Development Management
Debt & Equity Finance
Kidder Mathews is the largest, independent commercial real estate firm on the West Coast, with over 700 real estate professionals and staff in 21 offices in California, Nevada, Washington, Oregon, and Arizona. We offer a complete range of brokerage, appraisal, property management, consulting, project and construction management, and debt & equity services for all property types.
SAN DIEGO
ORANGE COUNTYINLAND EMPIRE
PHOENIX
SEATTLE
SOUTH SEATTLETACOMA
OLYMPIA
PORTLAND
SAN FRANCISCO
SACRAMENTO
SILICON VALLEYREDWOOD SHORES
BELLEVUE
RENOROSEVILLE
CARLSBAD
LOS ANGELES
EL SEGUNDO
GLENDALEWEST LOS ANGELES
WASHINGTON
# BROKERS............................123
# PROPERTY MANAGERS...........19
# APPRAISERS.........................23
OREGON
# BROKERS ....................................... 36
# PROPERTY MANAGERS ................... 5
# APPRAISERS..................................... 3
CALIFORNIA
# BROKERS ..................................... 170
# PROPERTY MANAGERS ................. 19
# APPRAISERS................................... 10
ARIZONA
# BROKERS ....................................... 17
# PROPERTY MANAGERS ................... 1
NEVADA
# BROKERS ......................................... 9
# PROPERTY MANAGERS ................... 1
AWARD WINNING SERVICES 2001 – 2018
PSBJ Largest Commercial Real
Estate Firms
19 times
PSBJ 100 Largest Private
Firms
9 times
PSBJ Best Places to Work
12 times
Business Examiner Top Commercial Real Estate Firm
11 times
Oregon Business Magazine 100 Best
Companies
10 times
Bay Area News Group Top Workplaces
6 times
Commercial Brokerage
Professionals 700+
Overall annual transaction vol. $7B
Annual leases 34.6M SF
Annual sales 16.5M SF
Property Management
Portfolio 50M+ SF
Valuation Advisory
Appraisals annually 1,500+
About Kidder Mathews
Contact
Dev PatelSenior Vice President
858.369.3056 | LIC #01858087
Kidder Mathews12230 El Camino Real, 4th Floor
San Diego, CA 92130
858.509.1200
kiddermathews.com
