266 Grandview, Laguna Beach, California 92651, Laguna Beach, 92651 - 0 bed, 0 bath
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Laguna Beach, California 92651
This Coastal Multi-Unit Estate is a High-Potential Investment Opportunity, listed at $3,195,000—positioned well below the $3,574,340 Fair Market Value by 10%. This valuation gap offers $379,340 in Instant Equity. Currently holding a Condition Rating of 4, the property features Panoramic Ocean Views, a walk-in sauna, and an in-ground spa across three distinct living units. Located in North Laguna, it balances immediate rental income with significant renovation upside. This is a premier acquisition for Lifestyle Investors or Owner-Occupants looking to build coastal wealth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 266 Grandview Subject | $3,195,000* List Price | 0 | 0 | 3,128 | $1,143 | - |
A 222 Wave Street Sold | $2,775,000 | 0 | 0 | 2,204 | $1,259 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1975, the property is a well-maintained 'time capsule' that retains most of its original finishes. The kitchen features dated wood cabinetry and older white appliances, while the living areas are dominated by 1970s-style wood paneling, brick flooring, and vintage light fixtures. While functional and offering high-end amenities like a sauna and oak bar, the home shows significant aesthetic depreciation and requires comprehensive cosmetic updates to meet modern luxury standards.
This multi-unit property features a main residence, a 700+ sq ft two-bedroom apartment, and an additional bachelor unit, offering exceptional flexibility for rental income or multi-generational living.
Positioned on a hilltop lot, the residence provides stunning, unobstructed views of the Pacific coastline and Catalina Island from both the primary home and the secondary apartment.
The property is uniquely equipped with high-end leisure features, including a walk-in sauna, an in-ground spa, and a sophisticated den featuring a solid oak bar and wine locker.
Built in 1975, the residence may require significant capital investment for modern upgrades and cosmetic renovations to meet the expectations of today's luxury buyers.
The main residence spans three levels with the master suite on the top floor, which may pose accessibility issues for buyers seeking single-level living or long-term mobility.
Situated on a 4,500 square foot hilltop lot, this residence offers exceptional views of the Pacific coastline and over 3,100 square feet of total living space. The main residence spans over 2,300 square feet across three levels and includes three bedrooms and two bathrooms. The interior features a spacious living room with a fireplace and open beam ceilings. Additional amenities include a walk-in sauna, an in-ground spa, and a den equipped with a solid oak bar and wine locker. The entire top floor is dedicated to a master suite featuring a private bathroom and walk-in closet. The property also includes a 700+ square foot rear apartment. This two-bedroom, one-bathroom unit offers a large living room with a fireplace and views of both the ocean and Catalina Island. Parking and utility features include a three-car garage with laundry facilities for the rear unit. Adjacent to the garage is an additional "bachelor" unit with a private bathroom, which has historically been reserved for personal use.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,128 | 2,091 | 80% |
| Lot Size | 4,500 | 4,400 | 55% |
| Price | $3.19M | $2.76M | 80% |
| Price per sq ft | $1.0K | $1.2K | 5% |
| Built year | 1975 | 1949 | 95% |
| HOA | $0 | $0 | 50% |
| Days on market | 19 | 198 | 5% |
Apr 3, 2026
$3,195,000
Initial Listing