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

1585 Catalina, Laguna Beach, California 92651 home-pic-0
ACTIVE$4,150,000
1585 Catalina, Laguna Beach, California 92651
6Beds
4Baths
3,478Sqft
5,632Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
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).
Top Cons:
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.

Compared to the nearby listings

Price:$4.15M vs avg $2.50M (+$1,650,000)94%
Size:3,478 sqft vs avg 1,989 sqft94%
Price/sqft:$1.2K vs avg $1.2K50%

More Insights

Built in 1985 (40 years old).
Condition: 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.
Year Built
1985
Close
-
List price
$4.15M
Original List price
$4.15M
Price/Sqft
$1,193
HOA
-
Days on market
-
Sold On
-
MLS number
OC24117379
Home ConditionGood
Features
Good View: Neighborhood, Peek-A-Boo
Deck
ViewNeighborhood, Peek-A-Boo

About this home

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.

Nearby schools

9/10
Top Of The World Elementary School
Public,•K-5•1.4mi
9/10
El Morro Elementary School
Public,•K-5•2.9mi
9/10
Thurston Middle School
Public,•6-8•1.3mi
9/10
Laguna Beach High School
Public,•9-12•0.8mi
Condition Rating
Good
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.
Pros & Cons

Pros

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.
Extensive Recent Upgrades: Both units have been fully and thoughtfully upgraded with granite counters, Swedish oak flooring, new appliances, vaulted ceilings, A/C, and wood-burning fireplaces.
Single-Family Home Feel: Each side-by-side unit features completely separate driveways, garages (with laundry), entryways, balconies, and backyards, providing the feel and privacy of two distinct single-family homes.
Excellent Condition: The property boasts 'no deferred maintenance anywhere,' indicating a well-maintained and move-in ready condition for both units.

Cons

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.

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