2055 Laguna Canyon RdLaguna Beach, CA 92651

Property Details for 2055 Laguna Canyon Rd

Year built

1950

Lot size

0.21 AC

Property size (Sq ft)

848 SF

Property type

Auto shops

APN

632-111-06

APU

63211106

Description

This exceptional investment opportunity presents a rare chance to acquire a ±9,148 square foot lot with a ±863 square foot, single-story, free-standing light industrial building in Laguna Beach, California. Located at 2055 Laguna Canyon Road, this property boasts a prime location, just one mile from downtown Laguna Beach and the Pacific Coast Highway (PCH). The property is currently 100% occupied under a 10-year absolute NNN lease with seven years remaining and a ten-year extension option, providing exceptional stability and long-term income potential. The asking price is $1,967,000, representing a 5.5% cap rate with a net operating income (NOI) of $108,234. The lease includes 2% annual rent bumps, further enhancing the investment's return. Built in 1991, the building sits on a ±9,148 square foot lot, zoned M1-A, offering potential for future mixed-use development. The land value is $215 per square foot. This Class A investment property benefits from Laguna Beach's affluent demographics, robust local economy, and extremely limited inventory of comparable properties, making it an ideal choice for investors seeking long-term wealth preservation and growth in a high-demand market. The property's proximity to vibrant amenities, including dining, retail, and cultural attractions, adds to its appeal. This is a unique opportunity to acquire a stable, high-performing asset in one of California's most desirable coastal communities. The APN is 632-111-06.

• CAP approach

  CAP return

  Valuation

  6%

  $270,400

  6.5%

  $249,600

  7%

  $231,772

• Comparable approach

  Method

  Valuation

  Relative Method

  $349,906

  Geo Method

  $752,146

• Alternative Use

  Use

  Valuation

  Residential

  $210,547

  Hospitality

  $192,860

  Educational

  $160,457

  Medical

  $165,976

  Retail

  $249,600

Location Insight

City

Laguna Beach

County

Orange

State

California

Latitude

33.5591

Longitude

-117.773

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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