1585 Catalina, Laguna Beach, California 92651, Laguna Beach, 92651 - bed, bath
1585 Catalina
Laguna Beach, California 92651
Property Price
SUMMARY
Analysis of 1585 Catalina, Laguna Beach, California 92651 is currently available with a list price of $4,150,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Laguna Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property has undergone significant recent upgrades, including a modern kitchen with granite countertops, new appliances, and wood-look tile flooring, as well as Swedish oak flooring in main living areas and the addition of A/C. The overall condition is well-maintained and move-in ready. However, the bathrooms, particularly one with yellow tiling, are notably dated in style and would require renovation to align with the more modern updates found elsewhere in the home.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: El Morro Elementary School (9/10). Middle School: Thurston Middle School (9/10). High School: Laguna Beach High School (9/10).
- Exceptional Investment Potential
This duplex offers significant investment value with completely separate units, existing solid, long-term tenants, and the flexibility for continued leasing or owner-occupancy, positioned as a prime income property in Laguna Beach.
- Premium Coastal Location
Situated on a prime corner lot in the desirable Woods Cove area, the property boasts an 'incredible tranquil location' less than a 5-minute walk to the sand and within walking distance to Laguna Beach's best amenities.
CONSRISKS & DEFICIENCIES
- High Entry Price Point
The $4.15 million list price represents a substantial financial commitment, which may limit the pool of potential buyers despite the property's strong value proposition and location.
- Limited Ocean View
While an ocean view is present, the 'peekaboo' description suggests it is a partial or obstructed view, which might not meet the expectations of buyers seeking a full, panoramic ocean vista in this premium coastal market.
- Property Age
Built in 1985, the underlying structure is nearly 40 years old. Although extensively upgraded, some buyers may prefer newer construction or have concerns about the longevity or potential future maintenance of original systems not explicitly replaced.
About 1585 Catalina
Don't miss out on arguably the best investment property in Laguna Beach! With completely separate driveways, garages (with separate laundry), entryways, balconies and backyards, this fully side-by-side duplex feels and lives just two single-family homes. Each 3bed/2bath 1740sf (approx) home has a solid, long-term tenant in place, and you have the option of continuing to lease both homes or moving into one by the end of the year. Both units have been fully and thoughtfully upgraded withing the past few years: Granite counters, Swedish oak flooring and new appliances throughout, Vaulted ceilings, A/C, wood-burning fireplaces, front enclosed patios and upstairs deck/balconies. No deferred maintenance anywhere! With a peekaboo OCEAN VIEW and less than a 5-min walk to the sand, this incredible tranquil location is on a prime corner lot and walking distance to the best of what Laguna Beach has to offer!
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1985
- Lot Size
- 5,632 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Laguna Beach Unified Schools
Top Of The World Elementary School
Grades K-5 • 1.4 mi
El Morro Elementary School
Grades K-5 • 2.9 mi
Thurston Middle School
Grades 6-8 • 1.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 3,478 | 2,204 | 94% |
| Lot Size | 5,632 | 4,400 | 56% |
| Price | $4.15M | $2.85M | 81% |
| Price per sq ft | $1.2K | $1.2K | 38% |
| Built year | 1985 | 1951 | 94% |
| HOA | $0 | $0 | 50% |
| Days on market | 636 | 259 | 0% |
Pricing History
Listed for Sale
Jun 9, 2024
$4,150,000
Initial Listing