1585 Catalina, Laguna Beach, California 92651, Laguna Beach, 92651 - 6 bed, 4 bath

1585 Catalina, Laguna Beach, California 92651 home-pic-0

1585 Catalina

Laguna Beach, California 92651

ACTIVE
CONDITION: GOOD
6Beds
4Baths
3,478Sq Ft
5,632Lot Size

Property Price

LIST PRICE$4,150,000

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

Good
TeardownExcellent

Property is move-in ready.

Built in 1985, this property has undergone significant recent upgrades, including modern granite countertops, new appliances, and Swedish oak flooring throughout the kitchen and living areas. The description notes 'no deferred maintenance' and the presence of A/C. While the kitchen and main living spaces are well-updated and move-in ready, the bathrooms, despite being clean and functional, feature dated wall tiles that do not align with a 'fully renovated' aesthetic, preventing an 'Excellent' rating. The property is well-maintained and requires no immediate renovations, fitting the 'Good' category.

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).

  • Income-Producing Duplex

    The property is a lucrative, income-producing duplex with solid tenants in place, offering immediate passive income and investment potential.

  • Prime Laguna Beach Location

    Situated less than a 5-minute walk to the sand, on a tranquil corner lot, and within walking distance to world-class amenities, festivals, and restaurants.

CONSRISKS & DEFICIENCIES

  • Limited Ocean View

    The property offers only a 'peekaboo OCEAN VIEW,' which may not meet the expectations of buyers seeking expansive, unobstructed ocean vistas in Laguna Beach.

  • Tenant Occupancy

    While beneficial for income, the presence of existing tenants means a buyer seeking immediate full owner-occupancy for both units would need to wait until the end of the year.

  • Property Age

    Built in 1985, despite recent upgrades, the underlying structure is older, which might be a consideration for buyers preferring newer construction.

About 1585 Catalina

Don't miss out on this opportunity to live at the beach while making passive income in this lucrative, income-producing property! 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 tenant in place, providing you 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 - monthly Art-Walk, Sawdust Festival, world-class restaurants and one of the most beautiful and famous beaches in the world.

Property Details

Public Facts

Property Type
Duplex
Year Built
1985
Lot Size
5,632 Sq. Ft.

Interior

Total Bedrooms
6
Total Bathrooms
4 (4 Full, 0 Half)

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

9/10

El Morro Elementary School

Grades K-5 • 2.9 mi

9/10

Thurston Middle School

Grades 6-8 • 1.3 mi

9/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds6.01.0
75%
Baths4.01.0
81%
Square foot3,4782,204
94%
Lot Size5,6324,400
56%
Price$4.15M$2.85M
81%
Price per sq ft$1.2K$1.2K
38%
Built year19851951
94%
HOA$0$0
50%
Days on market636259
0%

Pricing History

Listed for Sale

Jun 9, 2024

$4,150,000

Initial Listing

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