1553 Arroyo Drive, Laguna Beach, California 92651, Laguna Beach, 92651 - 4 bed, 3 bath
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Laguna Beach, California 92651
This Residential Income Duplex represents a High-Potential Investment Opportunity, listed at $2,150,000—positioned slightly above the $2,126,386 Fair Market Value. While priced at market, the property offers a rare Mint Condition Rating following a high-end renovation, ensuring immediate rental readiness. Featuring a 4-bed/3-bath layout with modern HVAC and premium finishes, it sits in the top-tier Laguna Beach Unified School District. This asset is perfectly suited for Buy-and-Hold Investors seeking stable cash flow or Owner-Occupants utilizing a "house hack" strategy in a premier coastal location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1553 Arroyo Drive Subject | $2,150,000* List Price | 4 | 3 | 1,488 | $1,490 | - |
A 114 High Drive Sold | $2,150,000 | 4 | 3 | 1,960 | $1,097 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1929, the property has undergone a high-end, modern renovation clearly within the last 5 years. The kitchen features contemporary white cabinetry, quartz countertops, and premium stainless steel appliances. The interior shows updated flooring, recessed lighting, and modern HVAC (A/C), indicating that all major systems and finishes are in mint condition with no immediate maintenance required.
Elementary School: El Morro Elementary School (9/10). Middle School: Thurston Middle School (9/10). High School: Laguna Beach High School (9/10).
As a residential income duplex, this property offers exceptional versatility for multigenerational living or a 'live-in-one, rent-the-other' strategy in a high-demand rental market.
The property is ideally situated within walking distance to Laguna’s iconic Sawdust Festival, Pageant of the Masters, and downtown amenities, ensuring strong long-term desirability.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7405, other record lot size in square feet = 7460. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1488, other record living area = 740. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
With only 1,488 total square feet divided between two units and four bedrooms, the individual living spaces and rooms may feel significantly constrained.
Built in 1929, the property likely requires specialized maintenance or capital improvements to address aging systems and structural elements typical of century-old homes.
Welcome to Laguna Canyon — Where History, Charm & Opportunity Meet. Tucked into the canyon on a generous lot, this income-producing duplex is wrapped in lush landscaping and ocean breezes — a rare blend of privacy, character, and Laguna lifestyle. Live moments from the Sawdust Festival, Pageant of the Masters, world-class beaches, and everything downtown Laguna has to offer. Upper Unit — 3 Bed | 2 Bath: Spacious living room, full kitchen, dedicated office space, and inside laundry. A/C keeps it cool through those balmy summer nights, while mature landscaping and canyon air set the tone outside. Lower Unit — 1 Bed | 1 Bath + Office A charming, light-filled retreat — perfect for guests, extended family, or rental income. The Outdoors: A tropical oasis with a dry riverbed winding through the property and mature high yielding Avocado Trees— the kind of setting that has inspired Laguna’s artists, writers, and dreamers for generations. Walking distance to town, yet a world away. The Opportunity: Whether you’re looking for multigenerational living, a live-in-one-rent-the-other setup, or a pure investment play, this is a rare canyon find with built-in income and timeless appeal. Artists, writers, and dreamers — welcome home.
No exterior & parking available.
Grades K-5 • 2.2 mi
Grades 6-8 • 0.7 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 2.0 | 60% |
| Baths | 3.0 | 2.0 | 53% |
| Square foot | 1,488 | 1,960 | 20% |
| Lot Size | 7,405 | 4,356 | 93% |
| Price | $2.15M | $2.75M | 33% |
| Price per sq ft | $1.4K | $1.6K | 33% |
| Built year | 1929 | 1938 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 35 | 170 | 7% |
May 11, 2026
$2,150,000
Initial Listing
May 28, 2021
$1,400,000
Public Record
Apr 13, 2015
$828,000
Public Record