$2,340,000
SOLD OCT 15, 2024
2 Beds
2 Baths
734 Sq Ft
2,500 Sq Ft Lot

Recently Sold

$3,188 Per Sq Ft

8% Below List Price

32 Days on Market

Highlights

  • Ocean View
  • Golf Course Community
  • Living Room with Attached Deck
  • El Morro Elementary School Rated A+
  • Wood Flooring
  • High Ceiling

About This Home

As of October 2024

Fantastic opportunity to own two charming, restored, OCEAN VIEW BEACH COTTAGES on one lot in the desirable Victoria Beach neighborhood. Each one bedroom, one bath cottage features high pitched, open beamed ceilings, wood floors, a cozy wood burning fireplace and spectacular ocean views! Endless potential with these remodeled, turn key 1930's cottages in Laguna Beach! The sale of this special property comes with a very selective and grandfathered in short term lodging permit. Imagine living in one cottage and enjoying premium vacation rental income or long term rental income from the other. Another possibility is to run it as a business with both either rented separately or combined as there is a shared ocean view deck between the two cottages. This truly vintage Laguna property is a coastal retreat, just steps away from locals' favorite Victoria Beach, and world renown restaurants; The Drake, Dizz's As Is ... The local trolley across the street will take you into town to enjoy all the unique treasures that Laguna Beach has to offer; fabulous restaurants, unique art galleries and festivals, shops and inviting beaches and coves!

Last Agent to Sell the Property

Tracy Browne

Compass Brokerage Phone: 949-697-9974 License #01367877 Listed on: 07/11/2024

Compass

Co-Listed By

Penny Pattillo

Compass Brokerage Phone: 949-697-9974 License #01031073

Last Buyer's Agent

Shauna Covington

Berkshire Hathaway HomeServices California Properties License #00991380

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1936

Lot Details

  • 2,500 Sq Ft Lot
  • No Common Walls
  • Garden
  • Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Two Garage Doors
  • Gravel Driveway

Home Design

  • Duplex
  • Cottage
  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 734 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Beamed Ceilings
  • High Ceiling
  • Ceiling Fan
  • Fireplace With Gas Starter
  • French Doors
  • Family Room
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Wood Flooring
  • Ocean Views
  • Laundry Room

Kitchen

  • Gas Range
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Upper Level Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Living Room Balcony

Utilities

  • High Efficiency Heating System
  • Gravity Heating System
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 2 / G
  • Tax Tract Number 25
  • Assessor Parcel Number 65616401
  • $2,142 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • Victoria Beach Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Golf Course Community

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $30
  • Fuel Expense $30
  • Insurance Expense $1,782
  • Water Sewer Expense $720
  • Operating Expense $3,942
  • Gross Income $68,400
  • Net Operating Income $64,458

Property Details

Home Type

Multi-Family

Year Built

Built in 1936

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Other Phone Number: 9496979974
  • Price Per Unit: 1275000
  • Property Attached: No
  • Subdivision Name Other: Victoria Beach (VB)
  • View: Yes
  • Water Sewer Expenses: 720.00
  • Architectural Style: Cottage
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 65616401
  • Year Built: 1936
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Beamed Ceilings, Built-in Features, Ceiling Fan(s), High Ceilings, Living Room Balcony, Living Room Deck Attached
  • Stories: 1
  • Entry Location: steps
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Door Features: French Doors
  • Entry Level: 1
  • Fireplace Features: Living Room, Gas Starter
  • Levels: One
  • Price Per Square Foot: 3188.01
  • Room Type: All Bedrooms Up, Family Room, Kitchen, Laundry

Exterior Features

  • Foundation: Raised
  • View: Ocean
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Gravel, Garage, Garage - Two Door
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Range, Refrigerator
  • Heating Type: Gravity, High Efficiency
  • Laundry Features: Common Area, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Golf, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Garden
  • Lot Size Sq Ft: 2500.00
  • Lot Size Acres: 0.0574

Multi Family

  • Electric Expense: 30.00
  • Fuel Expense: 30.00
  • Gross Income: 68400.00
  • Gross Scheduled Income: 68400.00
  • Insurance Expense: 1782.00
  • Lot Size Area: 2500.0000 Square Feet
  • Net Operating Income: 64458.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 3942.00
  • Rent Control: No
  • Total Actual Rent: 5700.00
  • Total Expenses: 3942.00

Tax Info

  • Tax Block: G
  • Tax Census Tract: 626.32
  • Tax Lot: 2
  • Tax Tract Number: 25
  • TaxOtherAnnualAssessmentAmount: 2142.00

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2024 10/15/24 Sold $2,340,000 0.0% $3,188 / Sq Ft
10/15/2024 10/15/24 Sold $2,340,000 -8.2% $3,188 / Sq Ft
08/12/2024 08/12/24 Pending -- -- --
08/12/2024 08/12/24 Pending -- -- --
07/11/2024 07/11/24 For Sale $2,550,000 0.0% $3,474 / Sq Ft
07/10/2024 07/10/24 For Sale $2,550,000 -- $3,474 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG24142397

California Regional Multiple Listing Service (CRMLS)