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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/SF) 5.03% Cap Rate

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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

Price	$4,950,000	Lot Size	0.93 AC
Price Per SF	$602	Rentable Building Area	8,216 SF
Sale Type	Investment	No. Stories	1
Cap Rate	5.03%	Year Built	1977
Property Type	Industrial	Parking Ratio	1.95/1,000 SF
Property Subtype	Manufacturing OfficeLoft Creative Space Industrial Service Office Office Residential	No. Drive In / Grade-Level Doors	6
Building Class	C

Price	$4,950,000
Price Per SF	$602
Sale Type	Investment
Cap Rate	5.03%
Property Type	Industrial
Property Subtype	Manufacturing OfficeLoft Creative Space Industrial Service Office Office Residential
Building Class	C
Lot Size	0.93 AC
Rentable Building Area	8,216 SF
No. Stories	1
Year Built	1977
Parking Ratio	1.95/1,000 SF
No. Drive In / Grade-Level Doors	6

PROPERTY TAXES

Parcel Number	632-091-12	Improvements Assessment	$419,579
Land Assessment	$280,848	Total Assessment	$700,427

PROPERTY TAXES

Parcel Number

632-091-12

Land Assessment

$280,848

Improvements Assessment

$419,579

Total Assessment

$700,427

zoning

Zoning Code	M1A (M1A zoning allows for light industrial uses, which might include manufacturing, warehousing, and other similar activities.)
M1A (M1A zoning allows for light industrial uses, which might include manufacturing, warehousing, and other similar activities.)

Listing ID: 33396601
Date on Market: 10/3/2024
Last Updated:
Address: 2535 Laguna Canyon Rd, Laguna Beach, CA 92651

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2535 Laguna Canyon Rd, Laguna Beach, CA for sale Building Photo- Image 1 of 5 — Building Photo

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