1560 Galen Drive, Laguna Beach, California 92651, Laguna Beach, 92651 - 0 bed, 0 bath
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Laguna Beach, California 92651
This Triplex Residential Income Asset is a Strong Value Opportunity, listed at $3,250,000—positioned well below the $3,264,539 Fair Market Value by 0.45%. Featuring a Condition Rating of 4, this historic 1924 property offers R2 Zoning and a versatile multi-unit layout. While the kitchen requires modernization, the location near Top-Rated Schools (9/10) and the beach provides long-term stability. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a legacy property with significant rental income potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1560 Galen Drive Subject | $2,995,000* List Price | 0 | 0 | 1,983 | $1,397 | - |
A 464 Agate Street A/b Sold | $2,750,000 | 0 | 0 | 1,633 | $1,684 | 0.1 mi |
B 464 Agate Street A/b Sold | $2,750,000 | 3 | 3 | 1,633 | $1,684 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the property has historic charm and some system updates (electrical, roof, wall heaters), the kitchen is significantly dated with older appliances and tile surfaces exceeding 20 years in age. The 1924 structure requires cosmetic modernization and minor repairs to meet current market standards for a move-in ready home.
Elementary School: El Morro Elementary School (9/10). Middle School: Thurston Middle School (9/10). High School: Laguna Beach High School (9/10).
Situated on a rare R2 lot, this triplex compound features three separate living units, offering exceptional flexibility for rental income, multi-generational living, or a creative workspace.
Located just one block from the beach in the heart of Laguna Village, the property includes a rare garage and off-street parking, providing significant value in a highly walkable but parking-impacted area.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7449, other record lot size in square feet = 7312. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1983, other record living area = 567.
The property's registered historic status may impose strict limitations on future renovations or structural modifications, potentially complicating modern upgrades or expansions.
With the 1,983 square feet of living space divided among three separate units, the individual floor plans are relatively small, which may not appeal to buyers seeking a large, cohesive primary residence.
Historic Laguna Beach cottage compound in the heart of Laguna Village offering timeless character, multiple living spaces, rare parking, and exceptional flexibility. Situated on a 7,449 square foot R2 lot, this unique property includes three separate living areas with three bedrooms and four bathrooms total. Rich in architectural charm, the property showcases original old growth wood details, open beam ceilings, two indoor fireplaces, hardwood flooring, custom built ins, vintage craftsmanship, and an authentic coastal cottage feel rarely found today. A rare legacy property filled with Old Laguna soul and authenticity, the property captures the artistic, bohemian, and mystic Laguna character that has made this neighborhood so special for generations. The main residence at 1560 Galen features spacious living areas, vaulted wood beam ceilings, fireplace, dining area, kitchen, multiple baths, plus outdoor deck and patio spaces. Additional living areas include a separate cottage at 1540 Galen and an additional studio style unit, creating ideal flexibility for extended family, guests, rental income, creative workspace, or multi generational living. Recent improvements include updated baths, updated roof improvements, updated electrical panel, and updated wall heaters while maintaining the integrity and charm of the original architecture. Tranquil outdoor living spaces include mature landscaping, patios, garden pathways, private sitting areas, and a charming outdoor fireplace area that create an enchanting indoor outdoor environment ideal for enjoying the coastal climate. The property is registered as a historic property with the City of Laguna Beach and is located just one block from the beach and moments from downtown Laguna, restaurants, galleries, parks, and schools. Rare garage and off street parking adds tremendous value in this highly desirable Village location. A truly special opportunity to own a generational property with history, character, flexibility, and long term legacy appeal in one of Laguna Beach’s most sought after settings.
No exterior & parking available.
Grades K-5 • 1.5 mi
Grades K-5 • 2.9 mi
Grades 6-8 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,983 | 1,983 | 50% |
| Lot Size | 7,449 | 4,356 | 93% |
| Price | $3.00M | $2.92M | 60% |
| Price per sq ft | $1.5K | $1.6K | 33% |
| Built year | 1924 | 1938 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 18 | 161 | 7% |
May 29, 2026
$2,995,000
$3,250,000
-8% Price Drop
Initial Listing
May 19, 2026
$3,250,000
Initial Listing