2055 Laguna Cyn Rd Laguna Beach, CA 92651-1123

Property Details for 2055 Laguna Cyn Rd

Year built

1950

Lot size

0.21 lot acres

Property size

848 SF

Property type

Auto shops

APN

632-111-06

APU

63211106

Description

This exceptional investment opportunity presents a rare chance to acquire a ±9,148 square foot lot with a ±863 square foot, single-story, free-standing light industrial building in Laguna Beach, California. Located at 2055 Laguna Canyon Road, this property boasts a prime location, just one mile from downtown Laguna Beach and the Pacific Coast Highway (PCH). The property is currently 100% occupied under a 10-year absolute NNN lease with seven years remaining and a ten-year extension option, providing exceptional stability and long-term income potential. The asking price is $1,967,000, representing a 5.5% cap rate with a net operating income (NOI) of $108,234. The lease includes 2% annual rent bumps, further enhancing the investment's return. Built in 1991, the building sits on a ±9,148 square foot lot, zoned M1-A, offering potential for future mixed-use development. The land value is $215 per square foot. This Class A investment property benefits from Laguna Beach's affluent demographics, robust local economy, and extremely limited inventory of comparable properties, making it an ideal choice for investors seeking long-term wealth preservation and growth in a high-demand market. The property's proximity to vibrant amenities, including dining, retail, and cultural attractions, adds to its appeal. This is a unique opportunity to acquire a stable, high-performing asset in one of California's most desirable coastal communities. The APN is 632-111-06.

Location Insight

City

Laguna Beach

County

Orange

State

California

Longitude

-117.773

Latitude

33.5591

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments