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Key Details
Sold Price $1,750,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 2,211 sqft
Price per Sqft $791
Subdivision Canyon (Cyn)
MLS Listing ID OC23221953
Sold Date 08/28/24
HOA Y/N No
Year Built 1931
Lot Size 0.620 Acres
Property 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 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
Location
State CA
County Orange
Area Lc - Laguna Canyon
Rooms
Other Rooms Two On A Lot
Ensuite Laundry Common Area, Gas Dryer Hookup, Outside
Interior
Interior Features Beamed Ceilings, Cathedral Ceiling(s), Bedroom on Main Level
Laundry Location Common Area,Gas Dryer Hookup,Outside
Heating Wall Furnace
Cooling None
Flooring Carpet, Tile, Vinyl, Wood
Fireplaces Type Living Room, Wood Burning
Fireplace Yes
Appliance Electric Oven, Electric Range, Disposal, Range Hood
Laundry Common Area, Gas Dryer Hookup, Outside
Exterior
Garage Driveway, Garage
Garage Spaces 1.0
Garage Description 1.0
Fence Wood
Pool None
Community Features Biking, Curbs, Hiking
View Y/N Yes
View Canyon, Hills, Mountain(s), Rocks, Trees/Woods
Roof Type Composition
Parking Type Driveway, Garage
Total Parking Spaces 1
Private Pool No
Building
Lot Description Yard
Story 1
Entry Level One
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Cottage
Level or Stories One
Additional Building Two On A Lot
New Construction No
Others
Senior Community No
Tax ID 63209132
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Bryan Suarez • Anvil Real Estate
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