2695 Laguna Canyon Road, Laguna Beach CA, 92651
(Active)
$1,950,000
|
4 beds, 4 Full baths, 2,211 sqft
|
MLS# OC23219490
Last Updated: 5/2/2024 2:35 PM
Description for
2695 Laguna Canyon Road
Laguna Beach, CA 92651
Wonderful opportunity to own three detached units in the gorgeous canyon of Laguna Beach. Zoned M1A, light Industrial. Great as an investment rental income property, commercial use or as a home. Sitting on over half an acre and 2 separate parcels of land and over 8,000 sq ft of flat space. The property has amazing potential/future development opportunity. Conveniently located within close proximity to Laguna College of Art and Design, Festival of Arts and Pageant of the Masters, and less than two miles to beaches and downtown Laguna Beach. Less than 2 miles to the beach and easy access to hiking trails. In its current state, there are 3 structures: the main house is two bedrooms, two bathrooms, as well as a garage that has been converted into a playroom. Bifolding Doors in the living room create the ideal flow combing the indoor and outdoor living spaces. The rare, wood burning stove will keep you cozy year round and the new pergola creates a magical outdoor entertaining space. The second structure is a small two bedroom, one bathroom Casita with a full kitchen and the living area. Recently remodeled and currently vacant, this casita used to rent for about $3k/month The third structure is the artist studio which is about 18x20 feet of finished work space including electricity. It also has a toilet and sink.Such Expansive patio and deck space is hard to find in Laguna.There is a plenty of parking, at least 6 spaces. Including 2 behind the gate which could also be used for RV or boat parking with a hookup to the sewer. Theres incredible rental potential and so much that can be done with the property. You really have to see it in person to understand it. Zoning is M1A (light industrial). THE ADJOINING PROPERTY IS ALSO FOR SALE
Price
$1,950,000
Canyon (CYN)
Orange
4
4 Full
2,211 (approx)
OC23219490
Active
Description
Wonderful opportunity to own three detached units in the gorgeous canyon of Laguna Beach. Zoned M1A, light Industrial. Great as an investment rental income property, commercial use or as a home. Sitting on over half an acre and 2 separate parcels of land and over 8,000 sq ft of flat space. The property has amazing potential/future development opportunity. Conveniently located within close proximity to Laguna College of Art and Design, Festival of Arts and Pageant of the Masters, and less than two miles to beaches and downtown Laguna Beach. Less than 2 miles to the beach and easy access to hiking trails. In its current state, there are 3 structures: the main house is two bedrooms, two bathrooms, as well as a garage that has been converted into a playroom. Bifolding Doors in the living room create the ideal flow combing the indoor and outdoor living spaces. The rare, wood burning stove will keep you cozy year round and the new pergola creates a magical outdoor entertaining space. The second structure is a small two bedroom, one bathroom Casita with a full kitchen and the living area. Recently remodeled and currently vacant, this casita used to rent for about $3k/month The third structure is the artist studio which is about 18x20 feet of finished work space including electricity. It also has a toilet and sink.Such Expansive patio and deck space is hard to find in Laguna.There is a plenty of parking, at least 6 spaces. Including 2 behind the gate which could also be used for RV or boat parking with a hookup to the sewer. Theres incredible rental potential and so much that can be done with the property. You really have to see it in person to understand it. Zoning is M1A (light industrial). THE ADJOINING PROPERTY IS ALSO FOR SALE
Listing Information
| Property Type: Single Family, Cottage, 1 Story | ||
| 4 | 4 Full | |
| 0.62 Acres | Assessor | 2,211 (approx) |
| 1931 | Yes-1 space | 1 |
| Stone,Wood | ||
Canyon (CYN)
Slab
Public
Public Sewer
Neighborhood
School Information
| District: Laguna Beach Unified | ||
Room Information
| Bathrooms: Main Level: 3 | |||
| 4 | |||
Main Level: 4, Total: 4
Common Area,Gas Dryer Hookup,Outside
Interior Features
Dishwasher,Electric Cooktop,Electric Oven,Disposal,Range Hood
None
Other,
Wall Furnace
No Common Walls
Double Door Entry
1
Living Room,Wood Burning
Carbon Monoxide Detector(s),Smoke Detector(s)
Beamed Ceilings,Ceiling Fan(s),Cathedral Ceiling(s),Granite Counters,High Ceilings
Exterior / Lot Features
1 Garage Spaces,
6 Parking Spaces,
0 Covered Parking Spaces,
Driveway,Garage,Oversized,RV Hook-Ups,RV Potential
Wood, Stone
Deck,Wood
Composition
None
None
Mountain, Other, Trees/Woods, Canyon
Good Condition,Wood
Back Yard,Trees
Community Features
Carbon Monoxide Detector(s),Smoke Detector(s)
Driving Directions
West from El Torro Rd. on Laguna Canyon Road, on the left.
Financial Considerations
| 63209132 |
Cash,Cash to New Loan,Conventional
Listing Price History
Laguna Beach Real Estate
Laguna Beach is located in California. Laguna Beach, California 92651 has a population of 23,347.
The median household income in Laguna Beach, California 92651 is $140,532. The median household income for the surrounding county is $94,474 compared to the national median of $66,222. The median age of people living in Laguna Beach 92651 is 39 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
| Street Address | City | Beds | Baths | Sold Price | Sold Date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| No information is available for recently sold properties within this search. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 3/22/2024 | Active | $1,950,000 USD -11.36% |
|
| 3/8/2024 | Active | $2,200,000 USD |
|
| 2/20/2024 | Contingent | $2,200,000 USD |
|
| 12/29/2023 | Active | $2,200,000 USD |
|
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2023 | $11,647 USD | 2.83% | $946,003 USD | - |
| 2022 | $11,326 USD | 2.88% | $946,003 USD | 2.00% |
| 2021 | $11,009 USD | 2.08% | $927,454 USD | 2.00% |
| 2020 | $10,785 USD | 2.18% | $909,269 USD | 1.04% |
| 2019 | $10,555 USD | -18.52% | $899,946 USD | 2.00% |