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2120 Ocean Way, Laguna Beach, California 92651, Laguna Beach, 92651 - 6 bed, 6 bath

2120 Ocean Way, Laguna Beach, California 92651 home-pic-0
ACTIVE$4,995,000
2120 Ocean Way, Laguna Beach, California 92651
6Beds
6Baths
3,546Sqft
4,356Lot

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:
Age of Property: Built in 1949, the underlying structure is over 70 years old. While updated, this could imply potential for older infrastructure issues or higher maintenance costs compared to newer constructions.

Compared to the nearby listings

Price:$5.00M vs avg $2.50M (+$2,495,000)94%
Size:3,546 sqft vs avg 1,989 sqft94%
Price/sqft:$1.4K vs avg $1.2K63%

More Insights

Built in 1949 (76 years old).
Condition: While the property description mentions recent updates like fresh paint and new landscaping, and some areas feature modern furniture and updated flooring (hardwood/laminate), the kitchens and bathrooms appear to have been renovated 15-30 years ago. Key indicators include white appliances, terracotta-style floor tiles in one kitchen, tiled countertops, and older light fixtures in bathrooms. The property was built in 1949, and while maintained, the dated wet areas require minor updates to meet current aesthetic and quality standards, aligning with a 'Fair' condition.
Year Built
1949
Close
-
List price
$5M
Original List price
$6M
Price/Sqft
$1,409
HOA
-
Days on market
-
Sold On
-
MLS number
LG25056177
Home ConditionFair
Features
Excellent View: Coastline, Ocean
Deck
ViewCoastline, Ocean

About this home

Nestled in one of Laguna Beach’s most sought-after locations, this updated duplex offers the perfect blend of coastal charm and modern feel. The address of unit 2120 includes unit 2110. Each 3-bedroom, 3-bathroom unit has been thoughtfully updated with fresh interior and exterior paint, new landscaping, and private driveways, each featuring a one-car garage, one carport space, and additional driveway parking for two cars. Designed to feel like two separate homes, this side-by-side duplex provides privacy and comfort, with individual entryways and spacious balconies showcasing captivating ocean views. Inside, you’ll find light-filled living spaces, wood-burning fireplaces in both the living rooms and one of the bedrooms, separate kitchens, and dedicated dining areas. Located just moments from Ruby Street Park and the stunning shores of Moss Cove and Woods Cove beaches, this property is a true coastal gem. Enjoy the best of Laguna Beach with easy access to everything that it offers. Whether you’re searching for a dream coastal residence with rental income potential or a prime investment opportunity, this rare duplex is a truly remarkable find in an unbeatable location.

Nearby schools

9/10
Top Of The World Elementary School
Public,•K-5•1.6mi
9/10
El Morro Elementary School
Public,•K-5•3.2mi
9/10
Thurston Middle School
Public,•6-8•1.6mi
9/10
Laguna Beach High School
Public,•9-12•1.2mi
Condition Rating
Fair
While the property description mentions recent updates like fresh paint and new landscaping, and some areas feature modern furniture and updated flooring (hardwood/laminate), the kitchens and bathrooms appear to have been renovated 15-30 years ago. Key indicators include white appliances, terracotta-style floor tiles in one kitchen, tiled countertops, and older light fixtures in bathrooms. The property was built in 1949, and while maintained, the dated wet areas require minor updates to meet current aesthetic and quality standards, aligning with a 'Fair' condition.
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).
Prime Coastal Location: Nestled in one of Laguna Beach’s most sought-after locations, this property offers an unbeatable position just moments from Ruby Street Park and the stunning shores of Moss Cove and Woods Cove beaches.
Income-Generating Duplex: This updated duplex presents a unique opportunity for rental income or as a prime investment, with two separate 3-bedroom, 3-bathroom units designed to feel like individual homes.
Captivating Ocean Views: Both units feature spacious balconies that showcase captivating ocean and coastline views, significantly enhancing the property's appeal and value.
Recent Updates & Privacy: The property has been thoughtfully updated with fresh interior and exterior paint and new landscaping, offering a modern feel while maintaining privacy with individual entryways.
Ample Parking: Each unit benefits from a private driveway, a one-car garage, a carport space, and additional driveway parking for two cars, providing generous parking solutions.

Cons

Age of Property: Built in 1949, the underlying structure is over 70 years old. While updated, this could imply potential for older infrastructure issues or higher maintenance costs compared to newer constructions.
Significant Price Reduction: The property has undergone a substantial price reduction from its original list price of $5.995M to $4.995M, which may indicate initial overpricing or market resistance.
Limited Lot Size: With a lot size of 4,356 sqft (0.1 acres), the property offers a relatively modest outdoor footprint for a duplex in a high-value coastal area, potentially limiting extensive outdoor living space or future expansion.

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