2535 Laguna Canyon RdLaguna Beach, CA 92651
- Industrial properties
- 8,216 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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