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

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

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Premier North Laguna Location: The property is perfectly situated in the sought-after North Laguna Beach, offering close proximity to iconic beaches, renowned art galleries, fine dining, and upscale shopping.
Top Cons:
Age of Property & Potential Updates: Built in 1976, the property may require significant capital expenditure for updates to major systems (e.g., plumbing, electrical, HVAC) or finishes to meet modern luxury standards, as implied by 'future remodel opportunity'.

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, this property is well-maintained and functional, but its kitchens and bathrooms feature dated styles. The kitchens have older white tile countertops or granite with a mirrored backsplash, and the bathrooms show basic white tile and vanities, suggesting renovations from 15-30 years ago. While some appliances are updated to stainless steel and flooring is newer laminate/LVP, the overall aesthetic is outdated and would benefit from cosmetic updates to meet current standards, aligning with the description's 'future remodel opportunity'.
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
LG24248045
Home ConditionFair
Features
Good View:
Deck
Patio
View-

About this home

Discover the epitome of coastal investment potential with this exquisite 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, this property is well-maintained and functional, but its kitchens and bathrooms feature dated styles. The kitchens have older white tile countertops or granite with a mirrored backsplash, and the bathrooms show basic white tile and vanities, suggesting renovations from 15-30 years ago. While some appliances are updated to stainless steel and flooring is newer laminate/LVP, the overall aesthetic is outdated and would benefit from cosmetic updates to meet current standards, aligning with the description's 'future remodel opportunity'.
Pros & Cons

Pros

Premier North Laguna Location: The property is perfectly situated in the sought-after North Laguna Beach, offering close proximity to iconic beaches, renowned art galleries, fine dining, and upscale shopping.
Strong Investment Potential: As a duplex, it offers significant coastal investment potential, providing options for a reliable income stream, a live-in investment, or a future remodel opportunity with incredible flexibility and upside.
Ample Dedicated Parking: A rare find in this highly desirable area, the property includes two dedicated 2-car garages, adding substantial value and convenience for tenants or owners.
Versatile Duplex Configuration: Comprising two thoughtfully designed 2-bedroom units, the duplex offers versatility for rental income, multi-generational living, or a combination of both.
Private Outdoor Spaces: Both units feature private outdoor spaces, such as patios or balconies, which invite ocean breezes and provide serene settings for relaxation.

Cons

Age of Property & Potential Updates: Built in 1976, the property may require significant capital expenditure for updates to major systems (e.g., plumbing, electrical, HVAC) or finishes to meet modern luxury standards, as implied by 'future remodel opportunity'.
No Explicit Ocean Views: Despite its coastal location and mention of 'ocean breezes,' the description does not explicitly state that the units offer direct ocean views, which is a highly sought-after premium feature in Laguna Beach.
High Barrier to Entry: With a list price of $3.2 million, the property represents a substantial investment, potentially narrowing the pool of prospective buyers even for a duplex in a prime location.

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