21042 Laguna Canyon Road Laguna Beach, 92651

Bedrooms:
5
Bathrooms:
3
Square Feet:
2,200 sqft
Price $2,200,000 .00
Approx /month
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Sale Price:
$2,200,000
Loan Type:
Conventional - 5% down
FHA - 3.5% down
VA - 0% down
Additional $ Down:
Total Down Payment:
Loan Term: (years)
Interest Rate: (%)
Property Tax: (year)
$0
Insurance: (year)
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Virtual Tour of 21042 Laguna Canyon Road , Laguna Beach 92651

Property 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 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.

General Information

Price:
$2,200,000
Status:
Active
Listing Updated:
5/4/2021
List Date:
4/26/2021
Close Date
Square Feet:
2,200
Bedrooms:
5
Bathrooms:
3
Garage Spaces:
0
Year Built:
1946
City:
Laguna Beach
Zip:
92651
County:
Orange
MLS ID:
NP21092685
Listing Broker:
The Agency Realty, Inc.
Listing Agent:
Troy Davis
CalBRE#:
00907901

Home Features

Interior Features:
All Bedrooms Down
Exterior Features:
Appliances:
Flooring:
Laundry:
See Remarks
Architectural Style:
Levels:
One
Fireplace Features:
See Remarks
Cooling:
None
Heating:
Utilities:
Pool Type Features:
None
Spa Features:
Construction Materials:
Roofing:
Water Source:
Public
Sewage:
Sewer Tap Paid
Accessibility Features:

Community Information

MLS Area:
LC - Laguna Canyon

Lot Information

Lot Size (sq feet):
23,522

Location Information

Directions:
South of Castle Rock Rd, north of LCAD campus