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253 Fairview Street, Laguna Beach, California 92651, Laguna Beach, 92651 - 4 bed, 4 bath

253 Fairview Street, Laguna Beach, California 92651 home-pic-0
ACTIVE$3,200,000
253 Fairview Street, Laguna Beach, California 92651
4Beds
4Baths
2,398Sqft
4,356Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Coastal Location: Located in the highly sought-after North Laguna Beach, offering unparalleled proximity to iconic beaches, renowned art galleries, fine dining, and upscale shopping, ensuring high demand and desirability.
Top Cons:
Age and Renovation Potential: Built in 1976, the property is older and explicitly noted as a 'future remodel opportunity,' suggesting it may require substantial updates to meet contemporary standards and maximize its value.

Compared to the nearby listings

Price:$3.20M vs avg $2.50M (+$700,000)94%
Size:2,398 sqft vs avg 1,989 sqft75%
Price/sqft:$1.3K vs avg $1.2K63%

More Insights

Built in 1976 (49 years old).
Condition: Built in 1976, the property is well-maintained and functional, but the kitchens and bathrooms exhibit outdated styles, such as tiled countertops, mirrored backsplashes in one unit, and basic small-square tiled showers. While some cosmetic updates like flooring appear to have been done, the overall aesthetic in key areas suggests renovations from 15-30 years ago or original features with minor refreshes. The listing description explicitly mentions it as a 'future remodel opportunity,' indicating that significant updates are needed to meet contemporary standards, aligning with the 'fair' condition criteria.
Year Built
1976
Close
-
List price
$3.2M
Original List price
$3.5M
Price/Sqft
$1,334
HOA
-
Days on market
-
Sold On
-
MLS number
LG24237140
Home ConditionFair
Features
Good View: Coastline, Ocean
Deck
Patio
ViewCoastline, Ocean

About this home

Discover the epitome of coastal investment potential with this exquisite ocean view duplex at 253 Fairview and 257 Fairview, located in the sought-after North Laguna Beach. Perfectly situated within close proximity to the area's iconic beaches, renowned art galleries, fine dining, and upscale shopping, this property is a rare find for investors or those seeking a versatile living arrangement. Each of the two thoughtfully designed units features 2 spacious bedrooms, complemented by light-filled living areas that exude comfort and charm. The kitchens are functional yet stylish, providing a perfect balance of comfort and utility. Private outdoor spaces in both units such as patios or balconies, invite ocean breezes and provide serene settings for relaxation. Ample parking is provided by two dedicated 2-car garages, a rare find in this highly desirable area. This feature adds value and convenience for tenants and ensures premium rental demand. The property’s charming curb appeal and unbeatable location make it a standout in the market. Whether you’re seeking a reliable income stream, a live-in investment, or a future remodel opportunity, this duplex offers incredible flexibility and upside potential.

Condition Rating
Fair
Built in 1976, the property is well-maintained and functional, but the kitchens and bathrooms exhibit outdated styles, such as tiled countertops, mirrored backsplashes in one unit, and basic small-square tiled showers. While some cosmetic updates like flooring appear to have been done, the overall aesthetic in key areas suggests renovations from 15-30 years ago or original features with minor refreshes. The listing description explicitly mentions it as a 'future remodel opportunity,' indicating that significant updates are needed to meet contemporary standards, aligning with the 'fair' condition criteria.
Pros & Cons

Pros

Prime Coastal Location: Located in the highly sought-after North Laguna Beach, offering unparalleled proximity to iconic beaches, renowned art galleries, fine dining, and upscale shopping, ensuring high demand and desirability.
Strong Investment Potential: As an ocean view duplex, it presents a versatile investment opportunity for a reliable income stream, a live-in investment, or significant future remodel upside, appealing to a broad range of buyers.
Ocean Views & Private Outdoor Spaces: The property boasts ocean views and includes private outdoor spaces like patios or balconies for both units, enhancing tenant appeal and providing serene relaxation areas with ocean breezes.
Ample Dedicated Parking: A rare and valuable asset in this desirable area, the property provides two dedicated 2-car garages, adding significant convenience and ensuring premium rental demand.
Duplex Configuration: The property consists of two thoughtfully designed 2-bedroom units, offering flexibility for rental income, multi-generational living, or owner-occupancy with supplemental income.

Cons

Age and Renovation Potential: Built in 1976, the property is older and explicitly noted as a 'future remodel opportunity,' suggesting it may require substantial updates to meet contemporary standards and maximize its value.
Lack of Explicit Modern Amenities: While kitchens are described as 'functional yet stylish,' the property description does not highlight high-end, contemporary finishes or smart home features, implying potential for further modernization to compete with newer or fully renovated properties.
No Mention of Cooling System: The description emphasizes 'ocean breezes' but does not specify the presence of an air conditioning or other mechanical cooling system, which could be a drawback during warmer periods for occupants.

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