2355 Laguna Canyon Road

    Laguna Beach, CA 92651
    • $1,150,000
    • STATUS: Active
    • ON SITE: 100 days
    • ID#: OC18194596
    UPDATED: 54 min ago
    $1,150,000
    • 0
      BEDS
    • 0.55
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,700
      SQFT
    • $676
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    Description

    Lee & Associates is proud to present the opportunity to acquire a fully leased investment property located directly across the street fromthe Laguna College or Art & Design. The property currently houses students enrolled in the school and allows an investor the comfort in stability of income stream. The large gated lot has lots of parking and great frontage on Laguna Canyon. It has been used in the past as a glass blowing studio, art studio, welding studio, sculpture studio and many other uses. There are many outdoor spaces and a large covered carport.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-19T12:28:43.37. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/86469741

    2355 Laguna Canyon Road Laguna Beach, CA 92651

    • Price: $1,150,000
    • Status: Active
    • Updated: 54 min ago
    • ID#: OC18194596
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.55
    Acres
    1,700
    SQFT
    $676
    $/SQFT
    1960
    Built
    Neighborhood:
    Canyon (Cyn)
    County:
    Orange
    Area:
    LC - Laguna Canyon
    Property Description
    Lee & Associates is proud to present the opportunity to acquire a fully leased investment property located directly across the street fromthe Laguna College or Art & Design. The property currently houses students enrolled in the school and allows an investor the comfort in stability of income stream. The large gated lot has lots of parking and great frontage on Laguna Canyon. It has been used in the past as a glass blowing studio, art studio, welding studio, sculpture studio and many other uses. There are many outdoor spaces and a large covered carport.
    Exterior Features

    Garage Spaces 0.00 Lot Features Back YardLawn Lot Size Source Assessor Lot Size Units Square Feet Parking Features CarportCarport Attached Parking Total 0.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Laundry Features Area

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 3.94 Community Features Rural Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 72600.00 Gross Scheduled Income 72600.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 45278.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 1 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 25144.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Canyon (Cyn) Total Expenses 25144.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Kevin Bayless of Bayless Real Estate.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-19T12:28:43.37. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
    Fred Sed Realty - Keller Williams
    4010 Barranca Pkwy Suite 100
    Irvine CA, 92604