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

2120 Ocean Way, Laguna Beach, California 92651 home-pic-0
ACTIVE$4,995,000
2120 Ocean Way, Laguna Beach, California 92651
0Bed
0Bath
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:
Significant Price Reduction: The property has undergone a substantial $1,000,000 price reduction from its original list price of $5.995M, which may indicate previous overpricing or market resistance.

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: The property, built in 1949, has received cosmetic updates such as fresh paint, new landscaping, and some updated flooring, giving certain areas a modern feel. However, the bathrooms are notably dated in style, featuring older vanities, tile countertops, and light fixtures. While clean and functional, these areas, along with the visible tile counter in the dining area, indicate that the renovations were not comprehensive enough to bring the entire property to a 'good' or 'excellent' standard. It is well-maintained but requires minor updates to modernize key areas.
Year Built
1949
Close
-
List price
$5M
Original List price
$6M
Price/Sqft
$1,409
HOA
-
Days on market
-
Sold On
-
MLS number
LG25058153
Home ConditionFair
Features
Excellent View:
Deck
View-

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
The property, built in 1949, has received cosmetic updates such as fresh paint, new landscaping, and some updated flooring, giving certain areas a modern feel. However, the bathrooms are notably dated in style, featuring older vanities, tile countertops, and light fixtures. While clean and functional, these areas, along with the visible tile counter in the dining area, indicate that the renovations were not comprehensive enough to bring the entire property to a 'good' or 'excellent' standard. It is well-maintained but requires minor updates to modernize key areas.
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, just moments from Ruby Street Park and the stunning shores of Moss Cove and Woods Cove beaches, offering unparalleled access to coastal amenities.
Captivating Ocean Views & Balconies: Each unit features spacious balconies showcasing captivating ocean views, a premium feature highly desirable in this market.
Strong Income & Investment Potential: As an updated duplex, the property offers significant rental income potential or serves as a prime investment opportunity in a high-demand area.
Thoughtfully Updated Condition: The duplex has been thoughtfully updated with fresh interior and exterior paint, new landscaping, and a modern feel, minimizing immediate renovation needs for a new owner.
Ample Private Parking: Each unit benefits from a private driveway, a one-car garage, a carport space, and additional driveway parking for two cars, a valuable asset in a dense coastal community.

Cons

Significant Price Reduction: The property has undergone a substantial $1,000,000 price reduction from its original list price of $5.995M, which may indicate previous overpricing or market resistance.
Age of Property: Built in 1949, despite updates, the underlying structure is over 70 years old, potentially leading to higher maintenance costs or hidden infrastructure issues compared to newer constructions.
Relatively Small Lot Size: With a lot size of 4356 sqft (0.1 acres), it is relatively small for a duplex in a high-value area like Laguna Beach, potentially limiting expansion or extensive outdoor living space.

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