$2,380,000
$2,595,000
8.3%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
1 Bath
4,500 Sqft Lot
SOLD DATE : 02/21/2024
Key Details
Sold Price $2,380,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID LG23145868
Sold Date 02/21/24
Bedrooms 2
HOA Y/N No
Lot Size 4,500 Sqft
Property Description
Rarely does an opportunity become available to purchase a corner lot on an upper street in sought-after North Laguna. With panoramic views of Catalina in front of you, and gorgeous coastline from Main Beach down to the Dana Point Headlands, this single-level duplex boasts an attached two car garage, private front yard, mature fruit trees, oversized basement storage and separate laundry room. As currently configured, each unit has 2 bedrooms and 1 bathroom, but the possibilities are endless and sure to increase its value in short order. Rent both. Live in one, rent the other. Connect inside to live as a single residence, perhaps modifying to create one larger home and a connected studio. Consider building a second story, doubling the living space and adding panoramic views. This unique property has all the best ingredients for investing in the magic of the Laguna Beach real estate market with significant upside and appreciation potential. And you can count on the first rule of real estate: Location, Location, Location. Walk to Crescent Beach, Divers Cove, Heisler Park, renowned art galleries, museum, restaurants, shopping, plus Laguna's famed hiking and biking trails right outside your front door.
Rarely does an opportunity become available to purchase a corner lot on an upper street in sought-after North Laguna. With panoramic views of Catalina in front of you, and gorgeous coastline from Main Beach down to the Dana Point Headlands, this single-level duplex boasts an attached two car garage, private front yard, mature fruit trees, oversized basement storage and separate laundry room. As currently configured, each unit has 2 bedrooms and 1 bathroom, but the possibilities are endless and sure to increase its value in short order. Rent both. Live in one, rent the other. Connect inside to live as a single residence, perhaps modifying to create one larger home and a connected studio. Consider building a second story, doubling the living space and adding panoramic views. This unique property has all the best ingredients for investing in the magic of the Laguna Beach real estate market with significant upside and appreciation potential. And you can count on the first rule of real estate: Location, Location, Location. Walk to Crescent Beach, Divers Cove, Heisler Park, renowned art galleries, museum, restaurants, shopping, plus Laguna's famed hiking and biking trails right outside your front door.
Location
State CA
County Orange
Area Oc - Laguna Beach (92651)
Zoning Public Rec
Exterior
Exterior Feature Stucco
Building
Lot Description Corner Lot
Story 2
Lot Size Range 4000-7499 SF
Level or Stories 2 Story
Others
Monthly Total Fees $167
Acceptable Financing Exchange
Listing Terms Exchange
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Bought with Melissa Wiesen • eXp Realty of California Inc