The subject property, 1435 North Pacific Coast Highway is a Laguna Beach gem. The Crescent Bay Inn has been operating as a hotel and month-to-month apartment living. The Crescent Bay Inn is just steps to the Crescent Bay Beach and downtown Laguna Beach. Crescent Bay Beach is a picturesque spot with staggering cliffsides on both sides of the beach, creating the bay. Visitors to the Inn often walk down to the beach-path access to Crescent Bay Beach and park.The city of Laguna Beach is well known as a unique beach community and artist's colony with seven miles of city beaches running along its nine square miles. The resident population enjoys the ambiance provided by the sandy beaches, canyons and coastal hills. During the summer, several million visitors are drawn to the resort environment for its picturesque beaches, art festivals and the Pageant of the Masters. Laguna's village scale shopping district, blufftop walkways and tram system create a pedestrian environment and scale which is unique in Southern California.
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