
Laguna Beach, California 92651
This Coastal Value-Add Residence is a Strong Value Opportunity, listed at $1,379,000—positioned well below the $1,453,367 Fair Market Value by 5%. This strategic entry point provides $74,367 in Instant Equity. While maintaining a Condition Rating of 4, the top-floor unit features Panoramic Ocean Views and immediate proximity to Moss Cove. With 9/10 Rated Schools across all levels in the Laguna Beach Unified District, the property balances lifestyle appeal with significant appreciation potential. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 240 Moss Street 8 Subject | $1,379,000* List Price | 2 | 2 | 1,120 | $1,298 | - |
A 2175 S Coast Highway 18 Sold | $1,225,000 | 2 | 2 | 900 | $1,361 | 0.0 mi |
B 240 Moss Active | $1,250,000 List Price | 2 | 2 | 1,120 | $1,116 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is well-maintained and move-in ready, but reflects its 1963 construction with dated features. While the kitchen has been updated with granite countertops and some newer appliances, the overall aesthetic—including white appliances, older wood cabinetry, popcorn ceilings, and basic bathroom fixtures—suggests renovations are likely 15-20+ years old. The radiant ceiling heat is also a vintage system characteristic of its era.
Elementary School: El Morro Elementary School (9/10). Middle School: Thurston Middle School (9/10). High School: Laguna Beach High School (9/10).
This rare top-floor unit offers stunning, unobstructed ocean views from every room, including vistas of Catalina Island, the white water coastline, and daily sunsets from a spacious covered balcony.
Perfectly situated just across from Moss Cove, the property provides immediate access to world-class beaches and is minutes away from downtown Laguna Beach's premier dining, galleries, and seasonal art festivals.
The association fee of $770 per month is relatively high for a two-bedroom condo, which may impact the overall affordability and long-term carrying costs for potential buyers.
Built in 1963, the property utilizes radiant ceiling heat and may lack modern central cooling systems, potentially requiring future capital improvements to meet contemporary climate control expectations.
If you’re looking for views, this is it!! Ocean views from every room! From the covered front balcony, enjoy sweeping views of the Pacific, white water rolling over rocks, Catalina Island, PCH, city lights, surrounding hills, and Palos Verdes on clear days, all coming together with incredible daily sunsets. Sit back, take it all in, watch the deep blues, waves moving through the shoreline, boats pass by, and feel the tranquility. This is the top-floor, center penthouse unit in the building closest to the ocean, with no one above and showcasing one of the widest vantage points in the community. A single-level 2-bedroom, 2-bath condo featuring an open floorplan and a spacious covered balcony that expands the flow. The positioning creates an elevated feel, opening up the surrounding coastline and horizon. The primary bedroom includes a slider to the balcony, two closets, and an attached ensuite bathroom. Dutch front door. New carpet in the bedrooms, tile flooring throughout the main areas, plus a newer dishwasher, garbage disposal, and water heater. Assigned carport with storage. Just across PCH from Moss Cove, one of Laguna Beach’s most scenic beaches. Ideally located near downtown, art galleries, restaurants, shops, and world-class beaches. Moments from the Sawdust Art Festival and summer art shows. Stairs on the left side of the property lead down to PCH, with the free Laguna Beach trolley stop out front, making it easy to experience everything the area has to offer. (Enclosed balcony not included in the sqft).
No exterior & parking available.
Grades K-5 • 1.6 mi
Grades K-5 • 3.3 mi
Grades 6-8 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,120 | 1,174.5 | 38% |
| Lot Size | 15,007 | 14,880 | 50% |
| Price | $1.38M | $1.54M | 42% |
| Price per sq ft | $1.2K | $1.3K | 46% |
| Built year | 1963 | 1964 | 50% |
| HOA | $770.0 | $785 | 50% |
| Days on market | 0 | 204 | 4% |
Apr 3, 2026
$1,379,000
Initial Listing
Sep 1, 1999
$246,000
Public Record