$2,500,000
SOLD OCT 21, 2025

2955 Terry Rd Laguna Beach, CA 92651

2 Beds
2 Baths
1,575 Sq Ft
2,614 Sq Ft Lot

Recently Sold

$1,587 Per Sq Ft

6% Below List Price

84 Days on Market

Highlights

  • Ocean View
  • All Bedrooms Downstairs
  • Property is near park and public transit
  • El Morro Elementary School Rated A+
  • Open Floorplan
  • Wood Flooring

About This Home

As of October 2025

Discover the ideal coastal investment at 2955 and 2957 Terry Rd, just moments from iconic Victoria Beach and the Montage Laguna Beach. Nestled on a peaceful cul-de-sac, this beautifully remodeled duplex offers unobstructed Pacific Ocean and Catalina Island views, creating a true Laguna Beach retreat. Both units were fully renovated in 2015 with high-end finishes, including double-glazed windows for sound insulation, beamed ceilings, designer tile backsplashes, custom cabinetry, and top-of-the-line stainless steel appliances. Each unit features a spacious bedroom, an upgraded bathroom, a private patio, and shares a two-car garage. A lockable storage room, which also serves as a laundry area, offers potential to be upgraded into a small studio or lounge space—a unique opportunity to increase rental income even further. This property has a strong rental history, with tenants paying top-dollar monthly rents and a proven ability to double rental income during the summer months. Whether you choose to live in one unit and rent the other or lease both, the income potential is outstanding. Don't miss this rare opportunity to own a turn-key property offering breathtaking ocean views, a prime location, and exceptional investment potential. 2955 and 2957 Terry Rd — Laguna Beach living and investing at its best.

Last Agent to Sell the Property

Chad Concolino

Main Beach Realty Brokerage Phone: 949-375-8195 License #01887163 Listed on: 05/15/2025

Last Buyer's Agent

Christopher Camerote

Berkshire Hathaway HomeServices California Properties License #02188632

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939 | Remodeled

Lot Details

  • 2,614 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Back Yard

Parking

  • 2 Car Garage
  • Parking Available

Property Views

  • Ocean
  • Catalina
  • Panoramic
  • City Lights
  • Neighborhood

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 1,575 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Beamed Ceilings
  • High Ceiling
  • Recessed Lighting
  • Storage
  • Wood Flooring

Kitchen

  • Gas Oven
  • Gas Range
  • Range Hood
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Bedrooms Down
  • All Upper Level Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Additional Features

  • Exterior Lighting
  • Property is near park and public transit
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 38 / G
  • Tax Tract Number 25
  • Assessor Parcel Number 65616308
  • Seller Considering Concessions

Community Details

Overview

  • 2 Units
  • Upper Victoria Beach Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Insurance Expense $2,800
  • Trash Expense $1,000
  • Water Sewer Expense $2,400
  • New Taxes Expense $26,000
  • Operating Expense $32,000
  • Gross Income $132,000
  • Net Operating Income $96,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1939 | Remodeled

Lot Details

2,614 Sq Ft Lot

Parking

2

Listing Details

  • Ad Number: 949-375-8195
  • CapRate: 3.60
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Subdivision Name Other: Arch Beach Heights (ABH)
  • View: Yes
  • Water Sewer Expenses: 2400.00
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 65616308
  • Year Built: 1939
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Beamed Ceilings, High Ceilings, Open Floorplan, Recessed Lighting, Storage
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 1587.30
  • Room Type: All Bedrooms Down, All Bedrooms Up, Kitchen, Laundry, Main Floor Primary Bedroom, Primary Bathroom, Primary Bedroom

Exterior Features

  • View: Catalina, City Lights, Neighborhood, Ocean, Panoramic, Water
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Gas Range, Range Hood, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 1000.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Landscaped, Near Public Transit, Park Nearby
  • Lot Size Sq Ft: 2614.00
  • Lot Size Acres: 0.0600

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average1 Bed Area: 787 Square Feet
  • Average2 Bed Area: 787 Square Feet
  • Gross Income: 132000.00
  • Gross Operating Income: 132000.00
  • Gross Scheduled Income: 132000.00
  • Insurance Expense: 2800.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 2614.0000 Square Feet
  • Net Operating Income: 96000.00
  • Number Of Units Total: 2
  • Operating Expense: 32000.00
  • Rent Control: No
  • Total Expenses: 32000.00

Tax Info

  • New Taxes Expense: 26000.00
  • Tax Block: G
  • Tax Census Tract: 626.32
  • Tax Lot: 38
  • Tax Tract Number: 25

Matterport 3D Tour

Floorplans

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property History

Date Event Price List to Sale Price per Sq Ft
10/21/2025 10/21/25 Sold $2,500,000 +0.4% $1,587 / Sq Ft
06/17/2025 06/17/25 Price Changed $2,490,000 -6.0% $1,581 / Sq Ft
05/15/2025 05/15/25 For Sale $2,650,000 0.0% $1,683 / Sq Ft
10/08/2024 10/08/24 Off Market $4,995 -- --
09/20/2024 09/20/24 For Rent $4,995 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $21,135 $1,948,377 $1,840,135 $108,242
2024 $21,135 $1,910,174 $1,804,054 $106,120
2023 $21,105 $1,872,720 $1,768,680 $104,040
2022 $20,607 $1,836,000 $1,734,000 $102,000
2021 $13,855 $1,182,493 $1,125,480 $57,013
2020 $13,602 $1,170,368 $1,113,939 $56,429
2019 $13,326 $1,147,420 $1,092,097 $55,323
2018 $13,040 $1,124,922 $1,070,683 $54,239
2017 $12,751 $1,102,865 $1,049,689 $53,176
2016 $12,478 $1,081,241 $1,029,107 $52,134
2015 $12,255 $1,065,000 $1,013,649 $51,351
2014 $1,977 $59,607 $37,974 $21,633
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG25079862

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.