216 Cliff Drive, Laguna Beach, California 92651, Laguna Beach, 92651 - 3 bed, 3 bath
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Laguna Beach, California 92651
This Turnkey Coastal Multifamily is a Strong Value Opportunity, listed at $3,595,000—positioned well below the $3,614,820 Fair Market Value by 0.55%. This valuation gap offers $19,820 in Instant Equity. Featuring an Excellent Condition Rating with $500K in recent upgrades, the property offers Sweeping Pacific Ocean Views and a versatile 3-unit configuration. This asset provides immediate rental income potential or a premium coastal lifestyle. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield, move-in ready property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 216 Cliff Drive Subject | $3,595,000* List Price | 3 | 3 | 1,979 | $1,827 | - |
A 980 Catalina Sold | $3,275,000 | 4 | 4 | 1,906 | $1,718 | 0.8 mi |
B 508 Seaview Sold | $3,330,000 | 4 | 3 | 1,720 | $1,936 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1939, the property is turnkey following over $500K in recent capital improvements. It features fully remodeled kitchens and bathrooms, along with updated electrical and PEX plumbing systems. Interior photos confirm mint condition with modern finishes and recessed lighting.
Situated on the prestigious Cliff Drive corridor in North Laguna, this property offers sweeping Pacific Ocean views from two of its three units, ensuring high demand and premium valuation.
The property features over $500,000 in documented capital improvements, including fully remodeled kitchens and baths, new electrical, and PEX plumbing, offering a move-in ready experience with reduced immediate maintenance costs.
This rare three-unit setup—comprising a detached front home, an upper unit, and a studio—provides exceptional flexibility for owner-users, multi-generational living, or investors seeking high-yield rental income.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1979, other record living area = 1915. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
With a lot size of only 3,514 square feet for three separate units, the property may feel high-density and lacks significant private outdoor space or yard area for residents.
Originally built in 1939, the property may be subject to Laguna Beach's strict historical preservation guidelines, which could complicate or restrict future structural modifications or expansions.
216 Cliff Drive is a rare 3-unit coastal multifamily on the prestigious Cliff Drive corridor in Laguna Beach. Two of three residences capture sweeping Pacific Ocean views. Detached 2BD/1BA front home, 1BD/1BA upper unit, and ground-level studio. Turnkey with over $500K in documented capital improvements including fully remodeled kitchens, baths, new electrical, PEX plumbing, in-unit laundry in two units.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,979 | 2,108.5 | 41% |
| Lot Size | 3,514 | 6,112.5 | 16% |
| Price | $3.60M | $3.20M | 59% |
| Price per sq ft | $1.8K | $1.5K | 65% |
| Built year | 1939 | 1964 | 21% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 175 | 3% |
May 26, 2026
$3,595,000
Initial Listing
Feb 9, 2024
$2,600,500
Public Record
Feb 9, 2024
$2,400,000
Public Record