Active

2695 Laguna Canyon Road

Laguna Beach CA, 92651

$1,950,000


$881.95 per sqft

Active

2,211 sqft

Multi-family

Built in 1931

Listed by Lindsay Clark with Engel & Voelkers Laguna Beach 949-715-3530

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 with 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 with 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.

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.

There's 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

OC23221953

MLS ID

November 30, 2023

Listed

April 24, 2024

Updated

Map

2695 Laguna Canyon Road
Laguna Beach CA, 92651

Interior Features

Total Stories

1


Interior Features

Beamed Ceilings, Cathedral Ceiling(s), Bedroom on Main Level


Appliances

Electric Oven, Electric Range, Disposal, Range Hood


Laundry Description

Common Area, Gas Dryer Hookup, Outside


Floor Description

Carpet, Tile, Vinyl, Wood


Fireplace

Yes


Fireplace Description

Living Room, Wood Burning


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.62 Acres


Lot Features

Yard


Architectual Style

Cottage


Roof

Composition


Sewer

Public Sewer

Other Property Details

Area Name

LC - Laguna Canyon


Days on Market

116


Garage

Yes


Garage Spaces

1


Parking

Driveway, Garage


Parking Total

1


View

Yes


View Description

Canyon, Hills, Mountain(s), Rocks, Trees/Woods


County

Orange


Water Source

Public


Pool

No


Pool Features

None


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

3/18/2024

Price Change

$1,950,000

-12%

3/8/2024

Active

2/16/2024

Under Contract

Listing Contact: 949-715-3530 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/24/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 4/24/2024 at 5:11 AM UTC

 

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