2535 Laguna Canyon RdLaguna Beach, CA 92651

Property Details for 2535 Laguna Canyon Rd

Year built

1977

Lot size

0.94 AC

Property size (Sq ft)

8,216 SF

Property type

Flex space

APN

632-091-12

APU

63209112

Description

This exceptional 14-unit multi-tenant live/work property in Laguna Beach, California, presents a rare investment opportunity. Located at 2535 Laguna Canyon Rd, 92651, within Orange County, this 8,216 square foot industrial and mixed-use building sits on fee-simple land and is zoned M1A. The property boasts significant rental income upside potential, having been held by the same owner for over 48 years, making this its first time on the market in nearly five decades. The property's live/work provision, as detailed in the City's Municipal Code, caters specifically to artists, offering a unique and attractive tenant base. A pro-forma cap rate of 5.03% indicates strong potential returns. Detailed financial information is available in the offering memorandum accessible via the property website. This is a prime opportunity to acquire a well-established, income-generating property in a highly desirable location with significant potential for future growth and value appreciation. The property's unique live/work zoning and long-term ownership history make it a truly exceptional investment.

• Alternative Use

  Use

  Valuation

  Residential

  $2,039,925

  Hospitality

  $1,868,560

  Educational

  $1,554,620

  Medical

  $1,608,086

  Retail

  $2,418,298

Location Insight

City

Laguna Beach

County

Orange

State

California

Latitude

33.5628

Longitude

-117.769

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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