1585 Catalina, Laguna Beach, California 92651, Laguna Beach, 92651 - 0 bed, 0 bath
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Laguna Beach, California 92651
This Premium Coastal Duplex is listed at $4,150,000, representing a stable acquisition aligned with its $4,117,131 Fair Market Value. Featuring a Condition Rating of 3, the property offers high-end finishes including Swedish Oak Flooring, Granite Counters, and a Peekaboo Ocean View. Each unit functions as a private residence with separate driveways and garages. Situated within the elite Laguna Beach Unified School District, where all schools maintain a 9/10 Rating, this property ensures long-term desirability. It is perfectly suited for Owner-Occupants seeking rental income or Lifestyle Investors prioritizing a turnkey coastal asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1585 Catalina Subject | $4,150,000* List Price | 0 | 0 | 3,478 | $1,184 | - |
A 352 Thalia Sold | $2,925,000 | 0 | 0 | 2,384 | $1,227 | 0.5 mi |
B 352 Thalia Sold | $2,925,000 | 6 | 3 | 2,384 | $1,227 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
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.
Elementary School: El Morro Elementary School (9/10). Middle School: Thurston Middle School (9/10). High School: Laguna Beach High School (9/10).
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.
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.
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.
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.
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.
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!
No exterior & parking available.
Grades K-5 • 1.4 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 | 3,478 | 2,091 | 90% |
| Lot Size | 5,632 | 4,400 | 55% |
| Price | $4.15M | $2.76M | 80% |
| Price per sq ft | $1.2K | $1.2K | 40% |
| Built year | 1985 | 1949 | 95% |
| HOA | $0 | $0 | 50% |
| Days on market | 682 | 200 | 0% |
Jun 9, 2024
$4,150,000
Initial Listing