Property Type:Single Family Residence
On Site:44 Days
Lot Size:23,522 Sq. Ft.
A singular investment opportunity in picturesque Laguna Canyon. In an area that is constantly being re-imagined in one of Orange County's 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 projects 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.
$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.
Address:21042 Laguna Canyon Rd Laguna Beach, CA 92651
Area:LC - Laguna Canyon
School System:Laguna Beach Unified
Total Units: 3
Stories Total: 1
Features / Amenities
Total Sq. Ft.:2200
Interior Features: AllBedroomsDown
Common Walls: No Common Walls
Lot Size: 0.54 Acres / 23,522 Sq. Ft.
View: Canyon, Hills, Panoramic
Directions:South of Castle Rock Rd, north of LCAD campus
Tax and Financial Info
Terms: Cash, CashtoNewLoan
Land Lease: No
WALKING AND TRANSPORTATION
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Listing provided courtesy of Troy Davis, The Agency Realty, Inc..
Based on information from California Regional Multiple Listing Service, Inc. as of June 14, 2021. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.