2535 Laguna Canyon RdLaguna Beach, CA 92651

  • Industrial properties
  • 8,216 SF
For Sale

Property Details for 2535 Laguna Canyon Rd

Year built
1977
Lot size
0.94 AC
Property size (Sq ft)
8,216 SF
Property type
Industrial properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,039,925
    Hospitality
    $1,868,560
    Educational
    $1,554,620
    Medical
    $1,608,086
    Retail
    $2,418,298
2535 Laguna Canyon Rd, Laguna Beach, California

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$8,245
$286,465
$427,970
$714,435
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-
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