14 Unit Multi-Tenant Live/Work 2535 Laguna Canyon Rd 8,216 SF 100% Leased Industrial Building Laguna Beach, CA 92651 $4,950,000 ($602.48/SF) 5.03% Cap Rate
INVESTMENT HIGHLIGHTS
- Significant Rental Income Upside Potential
- Download the Offering Memorandum from the Property Website
- First time on the market in over 48 years
EXECUTIVE SUMMARY
First time on the market in over 48 years. There is a Live/Work provision of the Municipal Code for artists. For the City's definition of "Artists" visit https://ecode360.com/42899656#42899664 The Cap Rate shown is Proforma. Download the offering memorandum from the property website: https://property.creop.com/41077/
PROPERTY FACTS
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PROPERTY TAXES
| Parcel Number | 632-091-12 | Improvements Assessment | $427,970 |
| Land Assessment | $286,465 | Total Assessment | $714,435 |
ZONING
| Zoning Code | M1A (M1A zoning allows for light industrial uses, which might include manufacturing, warehousing, and other similar activities.) |
