252 Chiquita, Laguna Beach, California 92651, Laguna Beach, 92651 - bed, bath
ACTIVE$3,395,000$2,097/sqft
252 Chiquita, Laguna Beach, California 92651
0Bed
0Bath
2,097Sqft
4,356Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Location & Panoramic Views: Situated in a prized North Laguna locale, the property offers a rare blend of beach and village proximity, coupled with stunning panoramic ocean and Catalina Island views, enhancing its desirability and value.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4356, other record lot size in square feet = 4500. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2097, other record living area = 980.
Compared to the nearby listings
Price:$3.40M vs avg $2.50M (+$895,000)93%
Size:2,097 sqft vs avg 2,000 sqft53%
Price/sqft:$1.6K vs avg $1.3K93%
More Insights
Built in 1940 (86 years old).
Condition: The property, built in 1940, has undergone significant recent improvements, particularly evident in the main cottage unit which features a modern kitchen with stainless steel appliances, updated bathroom, and new flooring. The other units, while perhaps not as recently renovated, are clean, functional, and well-maintained, making the entire triplex move-in ready. Major systems appear functional, and the visible interiors show minimal wear and tear, aligning with the 'Good' condition criteria.
Year Built
1940
Close
-
List price
$3.4M
Original List price
$3.4M
Price/Sqft
$1,619
HOA
-
Days on market
-
Sold On
-
MLS number
LG26011430
Home ConditionGood
Features
Excellent View: City Lights, Ocean
Deck
Patio
ViewCity Lights,Ocean
About this home
Anchored by a classic Laguna ocean view cottage, the triplex at 252 and 254 Chiquita Street offers a rare blend of views, beach and village proximity, wonderful outdoor space, and a special dash of appealing charm. The unit mix is superb - the two bedroom front vintage cottage with coastal views, a spacious two bedroom rear upper with panoramic ocean and prized Catalina Island views, and a one bedroom rear lower unit with incredible rentability. The configuration provides flexibility for an owner-user, a vacation home with passive income, and even delivers a‘better-than-most’ Laguna Beach cap rate for an investor. Two alley garages, an alley parking apron, and an off-street parking pad in the front provide the critical parking usually lacking in beach-close properties. Recent improvements by the current owner have improved amenities and rentability. 252 Chiquita is a special offering in a prized Laguna Beach locale!
M
Michael Johnson
Listing Agent
Price History
Date
Event
Price
11/01/21
Sold
$2,800,000
06/17/04
Sold
$1,050,000
Condition Rating
Good
The property, built in 1940, has undergone significant recent improvements, particularly evident in the main cottage unit which features a modern kitchen with stainless steel appliances, updated bathroom, and new flooring. The other units, while perhaps not as recently renovated, are clean, functional, and well-maintained, making the entire triplex move-in ready. Major systems appear functional, and the visible interiors show minimal wear and tear, aligning with the 'Good' condition criteria.
Pros & Cons
Pros
Prime Location & Panoramic Views: Situated in a prized North Laguna locale, the property offers a rare blend of beach and village proximity, coupled with stunning panoramic ocean and Catalina Island views, enhancing its desirability and value.
Income-Generating Triplex: The property is a triplex with a superb unit mix (2-bed cottage, 2-bed upper, 1-bed lower), providing significant rental income potential and a 'better-than-most' cap rate for investors.
Exceptional Parking Availability: A critical advantage in beach-close properties, this triplex offers ample parking with two alley garages, an alley parking apron, and an off-street parking pad in the front.
Versatile Investment Opportunity: The configuration offers flexibility for various buyer profiles, including owner-users, vacation home seekers looking for passive income, and investors seeking a robust return.
Charming Vintage Appeal & Outdoor Space: Anchored by a classic Laguna ocean view cottage, the property exudes appealing charm and features wonderful outdoor spaces, contributing to a desirable coastal lifestyle.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4356, other record lot size in square feet = 4500. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2097, other record living area = 980.
Age-Related Maintenance & Upgrades: Built in 1940, the property, despite recent improvements, may require ongoing maintenance or significant capital expenditures for older systems (e.g., plumbing, electrical) not explicitly detailed as updated.
Limited Specifics on Recent Improvements: While 'recent improvements' are mentioned, the lack of detailed information regarding the scope and nature of these upgrades could lead to uncertainty for potential buyers regarding future investment needs.
Multi-Unit Living Considerations: As a triplex, the property inherently involves shared living spaces or close proximity between units, which may present privacy concerns or potential for noise transfer, a common characteristic of multi-unit dwellings.