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
OC23219490
Single Family, Cottage, 1 Story
4
Orange
4 Full
1931
0.62
Acres
Public
1
Stone,Wood
Public Sewer
2,211
Sq. Ft.
Yes
- 1
space
Canyon (CYN)
School Information
Laguna Beach Unified
Bathrooms
4
Total:4
Detailed Room Information
- Bedroom(s)
- Main Level: 4, Total: 4
- Laundry
- Common Area,Gas Dryer Hookup,Outside
Interior Features
- Appliances
- Dishwasher,Electric Cooktop,Electric Oven,Disposal,Range Hood
- Cooling
- None
- Heating
- Other. Wall Furnace.
- Common Walls
- No Common Walls
- Doors/Windows
- Double Door Entry
- Entry Location
- 1
- Fireplaces
- Living Room,Wood Burning.
- Security
- Carbon Monoxide Detector(s),Smoke Detector(s)
- Additional Interior Features
- Beamed Ceilings,Ceiling Fan(s),Cathedral Ceiling(s),Granite Counters,High Ceilings
Exterior / Lot Features
- Parking
- 1 Garage Spaces. 6 Parking Spaces. 0 Covered Parking Spaces. Driveway,Garage,Oversized,RV Hook-Ups,RV Potential.
- Exterior
- Wood, Stone
- Patio
- Deck,Wood
- Roof
- Composition
- Pool Description
- None
- Spa
- None
- Lot View
- Mountain, Other, Trees/Woods, Canyon
- Fence
- Good Condition,Wood
- Additional Exterior/Lot Features
- Back Yard,Trees.
Community Features
- Security Features
- Carbon Monoxide Detector(s),Smoke Detector(s)
- Complex Features
- Carbon Monoxide Detector(s),Smoke Detector(s)
Financial Considerations
63209132
Cash, Cash to New Loan, Conventional
Arrows indicate 90 day trend
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