$2,230,000
SOLD JAN 28, 2025
3 Beds
3 Baths
1,625 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$1,372 Per Sq Ft

10% Below List Price

81 Days on Market

Highlights

  • Ocean View
  • Open Floorplan
  • Main Floor Primary Bedroom
  • El Morro Elementary School Rated A+
  • Bamboo Flooring
  • Living Room with Attached Deck

About This Home

As of January 2025

Charming Duplex in Downtown Laguna Beach is a close distance from the beach. Prime downtown location, minutes away from the vibrant local scene with shops, restaurants, and more! Both units have been thoughtfully renovated. The upper unit boasts a large deck, ideal for entertaining and relaxing with slight ocean views, while the lower unit offers French doors that open up to a private, cozy patio. The upper unit features an open floor plan with 2 bedrooms and 2 bathrooms, perfect for comfortable living. The lower unit has 1 bedroom and 1 bath with an addition of 1 bedroom and 1 bath from a converted garage. An indoor washer and dryer are available in each unit for added convenience. Whether looking for a great investment opportunity or a beautiful home with rental potential, this duplex is a must-see! Zoned R3 for additional potential!

Last Agent to Sell the Property

Donna Summers

Coldwell Banker Realty Brokerage Phone: 949-357-6860 License #02102304 Listed on: 09/24/2024

Coldwell Banker Realty

Last Buyer's Agent

Donna Summers

Coldwell Banker Realty Brokerage Phone: 949-357-6860 License #02102304 Listed on: 09/24/2024

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 4,792 Sq Ft Lot
  • 1 Common Wall
  • Masonry wall
  • Density is 2-5 Units/Acre

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage
  • Parking Available
  • Driveway

Property Views

  • Ocean
  • City Lights
  • Hills

Home Design

  • Duplex
  • Split Level Home
  • Entry on the 1st floor

Interior Spaces

  • 1,625 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Furnished
  • Living Room with Attached Deck

Flooring

  • Bamboo
  • Laminate
  • Stone

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Forced Air Heating System
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV
  • Tax Lot 60
  • Tax Tract Number 503
  • Assessor Parcel Number 64127231
  • $1,267 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Mountainous Community
  • Property is near a preserve or public land

Recreation

  • Dog Park
  • Water Sports
  • Hiking Trails
  • Bike Trail

Building Details

  • 2 Leased Units
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $2,700
  • Fuel Expense $1,250
  • Gardener Expense $1,800
  • Insurance Expense $2,118
  • Water Sewer Expense $579
  • Operating Expense $8,447
  • Gross Income $113,160
  • Net Operating Income $114,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Inclusions: Upper unit furnished.
  • Price Per Unit: 1224500
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 579.00
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 64127231
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Furnished, Living Room Deck Attached, Open Floorplan, Unfurnished
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Flooring: Bamboo, Laminate, Stone
  • Entry Level: 1
  • Levels: Two, Multi/Split
  • Price Per Square Foot: 1372.31
  • Room Type: Laundry, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom

Exterior Features

  • View: City Lights, Hills, Ocean
  • Fence: Yes
  • Fencing: Masonry
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air, Wall Furnace
  • Laundry Features: Dryer Included, Washer Included
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Dog Park, Hiking, Watersports, Mountainous, Preserve/Public Land

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 4792.00
  • Lot Size Acres: 0.1100

Rental Info

  • Tenant Pays: Cable TV

Multi Family

  • Electric Expense: 2700.00
  • Fuel Expense: 1250.00
  • Gross Income: 113160.00
  • Gross Scheduled Income: 113180.00
  • Insurance Expense: 2118.00
  • Lot Size Area: 4792.0000 Square Feet
  • Net Operating Income: 114000.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 26000.00
  • Rent Control: No
  • Total Expenses: 8447.00

Tax Info

  • Tax Census Tract: 626.32
  • Tax Lot: 60
  • Tax Tract Number: 503
  • TaxOtherAnnualAssessmentAmount: 1267.00

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
01/28/2025 01/28/25 Sold $2,230,000 0.0% $1,372 / Sq Ft
01/28/2025 01/28/25 Sold $2,230,000 -8.9% $1,372 / Sq Ft
12/15/2024 12/15/24 Pending -- -- --
12/15/2024 12/15/24 Pending -- -- --
11/13/2024 11/13/24 Price Changed $2,449,000 0.0% $1,507 / Sq Ft
11/13/2024 11/13/24 Price Changed $2,449,000 -1.6% $1,507 / Sq Ft
09/25/2024 09/25/24 For Sale $2,490,000 0.0% $1,532 / Sq Ft
09/24/2024 09/24/24 For Sale $2,490,000 0.0% $1,532 / Sq Ft
04/24/2023 04/24/23 Rented $3,900 0.0% --
04/24/2023 04/24/23 For Rent $3,900 0.0% --
04/17/2023 04/17/23 Off Market $3,900 -- --
04/17/2023 04/17/23 For Rent $3,900 +21.9% --
04/26/2021 04/26/21 Rented $3,200 0.0% --
04/06/2021 04/06/21 For Rent $3,200 -13.5% --
01/08/2013 01/08/13 Rented $3,700 -5.1% --
01/07/2013 01/07/13 Under Contract -- -- --
10/05/2012 10/05/12 For Rent $3,900 -- --
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: OC24192647

California Regional Multiple Listing Service (CRMLS)

APN: 641-272-31