$2,200,000

21042 Laguna Canyon Road

Laguna Beach CA, 92651

Description

A singular investment opportunity in picturesque Laguna Canyon. In an area that is constantly being re-imagined in one of Orange Countys most beautiful settings, and with arguably the best upside potential with its near-ocean setting, opportunity knocks. Two adjacent light industrial lots (zoned M1B) compromising over a half-acre and being sold together. 21042 and 21052 Laguna Canyon Rd. There are several development project either just completed or under construction in Laguna Canyon. I believe this stretch of Laguna Beach will soon be the shining gateway to this scenic beach town. Light industrial zoning offers a multitude of development strategies. As it stands, there are two single family homes on one lot and a single family plus several office spaces on the other. Current and projected rents are approximately $9,000/mo. Great income while you develop your plans or, just continue collecting rents. Over 100 of Laguna Canyon Road frontage and significant off street parking in front of the parcels. A few preliminary sketches were done for concept purposes, titled as such in photos. Two APN#'s, 632-071-11 (10,890 sqft) & 632-071-12 (12,632 sqft), lots are being sold together.

Details

MLS#NP21092707
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1946
Days On Site16

Features

SQ Feet2,200
Units3
Building(s)4
Water FrontNo
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Area Information
StateCA
CountyOrange
CityLaguna Beach
Zip Code92651
AreaLC - Laguna Canyon
Listing VS Median (in 92651)
Price:
$2,200,000
low | high
Med:
$40,000
100% of Average
SqFt:
2,200
low | high
Med:
4,348
47.613636363636% of Average
$ / SqFt:
$1,000
low | high
Med:
$9
100% of Average
On Site:
16
low | high
Med:
104.5
15.311004784689% of Average
Sourced by Back At You
Listing Updated: May 16, 2021 3:47:00 AM PDT
Troy Davis LogoMLS Number: NP21092707
Listing Provided By:
Troy Davis  of  The Agency Realty Inc.
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