New Construction
Address
21042 Laguna Canyon Road Laguna Beach, CA
Price
$ 2,200,000
Property Attributes
  • MLS#NP21092707
  • TypeCommercial
  • CountyORANGE
  • CityLaguna Beach
  • AreaLaguna Canyon
  • Zip92651
  • StyleMulti Family
  • Price$ 2,200,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.54 Acres
Listing Provided Courtesy Of:
Troy Davis with The Agency Realty, Inc..
Data Source:
CRMLS
Property Description

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 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.

Price History
5/1/2021 Listed $2,200,000

General Features

Additional Parcels Y/N Yes
Cooling None
Listing Agent Troy Davis - BRE#00907901
Listing Agent State License 00907901
MLS Area LC - Laguna Canyon
Property Sub Type Additional Multi Family
Property SubType Multi Family
Property Type Commercial Sale
Special Listing Conditions Standard
Terms Cash, Cash to New Loan
Total Units 3
Virtual Tour https://www.youtube.com/watch?v=Vdx7tYw8Om4
Zoning M1B

Interior Features

Laundry Features See Remarks

Exterior Features

Lot Size Acres 0.54
Lot Size Area 23522
Lot Size Source Assessor
Lot Size Square Feet 23522
Lot Size Units Square Feet
Number of Buildings 4
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 92651

Price
AVG $2.29M
$2.2M
Visits
AVG 88
17
Year Built
AVG 1980
1946
Walkscore
AVG 63
27
Data Provided by Walkscore ® not using MLS data

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