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Laguna Beach 92651
2695 Laguna Canyon Road
$1,950,000
↓ $250K (11.4%)
House - For Sale

2695 Laguna Canyon Road

Laguna Beach, CA 92651
bedrooms
4 Beds
bathrooms
4 Baths
square feet
2211 Sqft
$9,575
Estimated Monthly
$0
HOA / Fees

About This Property

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.



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

The manager has listed the unit size as 2211 square feet.
Unit Size
2,211Ft²
Days on Market
49 days
Land Size
0.62 acres
Price per sqft
$882
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1931
Listed By
Lindsay Clark
Engel & Voelkers Laguna Beach
Last updated: 2 months ago (EV #OC23219490)

Price History

Date / Event Date Event Price
Mar 19, 2024 Price Decreased $1,950,000
↓ $250K (11.4%)
Price Decreased
Mar 13, 2024 Listed by Engel & Völkers Laguna Beach $2,200,000
Listed by Engel & Völkers Laguna Beach
Feb 21, 2024 In contract -
In contract
Dec 29, 2023 Listed by SFRE Laguna Beach $2,200,000
Listed by SFRE Laguna Beach
Wonderful opportunity to own three detached units in the gorgeous canyon of Laguna Beach. 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, this property consists of a gorgeous 2 bedroom 2 bath main house with a beautiful floor to ceiling accordion door creating indoor/outdoor space, a recently remodeled charming 2 bedroom 1 bath cottage, and a stunning detached artist's studio. Get the best of both…

Property Highlights

Building Info

Overview

    General

  • Year Built: 1931
  • Effective Year Built: 1931
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,685
  • Total Building Area: 1,598
  • Building Area: 1,598
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Gas
  • Heated Square Feet: 1,598
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.176
  • Standard Land Use Code: Single family residential
  • Legal Description 1: S TWP 7 RGE 9 SEC 13 SEC 13 T 7 R 9 POR SE1/4

Ownership

  • Current Owner : URIE CHICKERING CAROLE
  • Previous Owner : UPCHURCH RICHARD LYNN
  • Previous Owner 2: UPCHURCH DAN LEE
  • Owner Before Previous Owner: SHOEMAKER MARK
  • Owner Before Previous Owner 2: SHOEMAKER JAN E
  • Is Owner Occupied: Owner-occupied property
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Laguna Beach Unified School District
  • Census Tract: 062632

Geography

  • Assessors Map Reference: 33-E5
  • Parcel: 632-091-32
  • Latitude: 33.5632
  • Longitude: -117.768

    Address

  • Full Address: 2695 Laguna Canyon Rd
  • Address - House Number: 2695
  • Address - Street Name: Laguna Canyon
  • Address - Suffix Type: Rd
  • State: CA
  • City Name: Laguna Beach
  • Carrier Code: C004
  • 4-Digit Zip Code: 1151
  • Zip Code: 92651

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $11,647
  • Tax Rate Code Area: 05-014

    Appraisal Valuation

  • Standard Deviation: 0.1882
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 75
  • Final Value: 1,796,574
  • High Value: 2,134,859
  • Low Value: 1,458,290

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $880,000
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Nov 30, 2020
  • First Open Lien Mortgage Loan Amount: $730,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2050
  • Second Open Lien Mortgage Lender: FIGURE LENDING LLC
  • Second Open Lien Mortgage Recording Date: May 27, 2021
  • Second Open Lien Mortgage Loan Amount: $150,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $946,003
  • Assessed Land Value: $680,500
  • Assessed Improvements Value: $265,503

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 29, 2005
  • Current Sale Recording Date: Aug 12, 2005
  • Current Sale Transaction ID: 1170835504
  • Current Sale Price: $930,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2005000635704
  • Previous Sale Recording Date: Jan 03, 2001
  • Previous Sale Contract Date: Dec 04, 2000
  • Previous Sale Amount: $460,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST CAPITAL MORTGAGE
  • First Mortgage Transaction Date: Aug 12, 2005
  • First Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)

    Financing

  • First Mortgage Financing Type: Adjustable Rate

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
4 Baths
2,211 ft²
$995/ft²
$2,200,000 Dec 29, 2023
-
-
Multifamily
2 Beds
-
924 ft²
$2,163/ft²
$1,999,000 Mar 1, 2024
-
-

About Laguna Beach


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Unit for sale at 2695 Laguna Canyon Road, Laguna Beach, CA 92651

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Frequently Asked Questions

When was property at 2695 Laguna Canyon Road built and last sold?
The property at 2695 Laguna Canyon Road was built in 1931 and last sold on Jun 29, 2005 for $930,000.
How much is this home worth?
The estimated value of the home located at 2695 Laguna Canyon Road is $2,073,684.
What are some comparable homes to 2695 Laguna Canyon Road?
Homes that are comparable to 2695 Laguna Canyon Road include a house property at 2695 Laguna Canyon Road, a multifamily property at 21065 Raquel Road, which are both great to check out.

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