1585 Catalina, Laguna Beach, California 92651, Laguna Beach, 92651 - 6 bed, 4 bath
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Laguna Beach, California 92651
This Income-Producing Coastal Duplex is listed at $4,150,000, representing a stable acquisition at its $4,150,000 Fair Market Value. Boasting a Good Condition Rating, the property features high-end Granite Kitchens, Swedish Oak Flooring, and a Peekaboo Ocean View. Located within the prestigious Laguna Beach Unified School District and just a 5-minute walk to the beach, the side-by-side units offer a single-family feel with private garages and yards. This versatile asset is an ideal fit for Owner-Occupants seeking a luxury house-hack or Lifestyle Investors looking for a turnkey coastal portfolio addition.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1585 Catalina Subject | $4,150,000* List Price | 6 | 4 | 3,478 | $1,193 | - |
A 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.
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.
Elementary School: El Morro Elementary School (9/10). Middle School: Thurston Middle School (9/10). High School: Laguna Beach High School (9/10).
The property is a lucrative, income-producing duplex with solid tenants in place, offering immediate passive income and investment potential.
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.
The property offers only a 'peekaboo OCEAN VIEW,' which may not meet the expectations of buyers seeking expansive, unobstructed ocean vistas in Laguna Beach.
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.
Built in 1985, despite recent upgrades, the underlying structure is older, which might be a consideration for buyers preferring newer construction.
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.
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 | 6.0 | 2.0 | 73% |
| Baths | 4.0 | 2.0 | 73% |
| Square foot | 3,478 | 2,370 | 87% |
| Lot Size | 5,632 | 4,356 | 53% |
| Price | $4.15M | $2.92M | 73% |
| Price per sq ft | $1.2K | $1.6K | 20% |
| Built year | 1985 | 1946 | 93% |
| HOA | $0 | $0 | 50% |
| Days on market | 728 | 185 | 0% |
Jun 9, 2024
$4,150,000
Initial Listing