$2,850,000
SOLD DEC 11, 2024
2 Beds
2 Baths
3,285 Sq Ft
5,166 Sq Ft Lot

Recently Sold

$868 Per Sq Ft

19% Below List Price

243 Days on Market

Highlights

  • Ocean View
  • Ocean Side of Freeway
  • Cathedral Ceiling
  • El Morro Elementary School Rated A+
  • Property is near public transit
  • Main Floor Bedroom

About This Home

As of December 2024

This unique and captivating ocean-view duplex provides a wonderful living experience with the added convenience of being a short stroll to all points downtown Laguna Beach. The property consists of two almost mirror-image units with unusually spacious bedrooms, generous living areas, open floor plan to kitchen and dining areas, and outdoor-ocean-view decks. Each unit consists of two bedrooms and two baths with the upper unit being approximately 1,820 square feet and the lower unit with approximately 1,465 square feet (total of approx. 3,285). The units share a three-car garage providing direct access to the interior, with added storage space for beach toys and bikes. Each unit has its own laundry area, as well. For beach lovers, it doesn't get any better than the ones just a couple blocks away: Fisherman's Cove, Shaws Cove and Diver's Cove, with Heisler Park tossed in for good measure. Don't miss out on an opportunity to own a fabulous property in one of the world's most desirable locations.

Last Agent to Sell the Property

Dave Csira

Cove Canyon Realty Brokerage Phone: 949-500-3283 License #01491451 Listed on: 03/14/2024

Last Buyer's Agent

Dave Csira

Cove Canyon Realty Brokerage Phone: 949-500-3283 License #01491451 Listed on: 03/14/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1967

Lot Details

  • 5,166 Sq Ft Lot
  • 1 Common Wall
  • Cul-De-Sac

Parking

  • 3 Car Direct Access Garage
  • Parking Available

Property Views

  • Ocean
  • Coastline
  • Canyon

Home Design

  • Duplex

Interior Spaces

  • 3,285 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Family Room with Fireplace

Kitchen

  • Gas Cooktop
  • Quartz Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Ocean Side of Freeway
  • Rain Gutters

Location

  • Property is near public transit
  • Suburban Location

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 25
  • Tax Tract Number 607
  • Assessor Parcel Number 49613217
  • $2,160 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • North Laguna Subdivision

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $4,500
  • Trash Expense $511
  • Operating Expense $45,000
  • Gross Income $114,000
  • Net Operating Income $70,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1967

Lot Details

0

Parking

3

Listing Details

  • Price Per Unit: 1597500
  • Property Attached: Yes
  • Subdivision Name Other: North Laguna (NL)
  • View: Yes
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 49613217
  • Year Built: 1967
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Cathedral Ceiling(s), High Ceilings, Quartz Counters
  • Stories: 2
  • Entry Location: Side or garage
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 867.58
  • Room Type: Family Room, Kitchen, Laundry, Main Floor Bedroom

Exterior Features

  • View: Canyon, Coastline, Ocean
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Direct Garage Access
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Cooktop
  • Heating Type: Central, Forced Air, Natural Gas
  • Laundry Features: In Garage, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 511.25
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Storm Drains, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac, Near Public Transit
  • Lot Size Sq Ft: 5166.00
  • Lot Size Acres: 0.1186

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 114000.00
  • Gross Scheduled Income: 114000.00
  • Insurance Expense: 4500.00
  • Lot Size Area: 5166.0000 Square Feet
  • Net Operating Income: 70000.00
  • 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
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Operating Expense: 10000.00
  • Rent Control: No
  • Total Actual Rent: 9500.00
  • Total Expenses: 45000.00
  • Waterfront Features: Ocean Side of Freeway

Tax Info

  • Tax Census Tract: 626.56
  • Tax Lot: 25
  • Tax Tract Number: 607
  • TaxOtherAnnualAssessmentAmount: 2160.00

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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
12/11/2024 12/11/24 Sold $2,850,000 -10.8% $868 / Sq Ft
05/01/2024 05/01/24 Price Changed $3,195,000 -0.9% $973 / Sq Ft
04/19/2024 04/19/24 Price Changed $3,225,000 -1.5% $982 / Sq Ft
03/29/2024 03/29/24 Price Changed $3,275,000 -3.6% $997 / Sq Ft
03/20/2024 03/20/24 Price Changed $3,399,000 -2.9% $1,035 / Sq Ft
03/14/2024 03/14/24 For Sale $3,499,000 0.0% $1,065 / Sq Ft
02/05/2024 02/05/24 Rented $5,000 -4.8% --
02/01/2024 02/01/24 Price Changed $5,250 -4.5% $3 / Sq Ft
01/05/2024 01/05/24 Price Changed $5,500 -4.3% $3 / Sq Ft
11/01/2023 11/01/23 Price Changed $5,750 -4.2% $3 / Sq Ft
10/31/2023 10/31/23 Price Changed $6,000 -7.7% $4 / Sq Ft
09/29/2023 09/29/23 For Rent $6,500 0.0% --
09/25/2023 09/25/23 Sold $3,150,000 +5.2% $959 / Sq Ft
09/10/2023 09/10/23 Pending -- -- --
08/07/2023 08/07/23 For Sale $2,995,000 0.0% $912 / Sq Ft
04/29/2020 04/29/20 Rented $3,500 0.0% --
04/20/2020 04/20/20 For Rent $3,500 -- --
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: LG24051814

California Regional Multiple Listing Service (CRMLS)