2838 Wards Terrace, Laguna Beach, California 92651, Laguna Beach, 92651 - 4 bed, 4 bath

2838 Wards Terrace, Laguna Beach, California 92651 home-pic-0
ACTIVE$4,495,000
2838 Wards Terrace, Laguna Beach, California 92651
4Beds
4Baths
2,191Sqft
2,250Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Great Schools: Elementary School: El Morro Elementary School (9/10). Middle School: Thurston Middle School (9/10). High School: Laguna Beach High School (9/10).
Top Cons:
Historic Property Maintenance: Built in 1940, the property may require ongoing maintenance and potential future investments in systems (e.g., plumbing, electrical) typical of older structures, despite recent cosmetic upgrades.

Compared to the nearby listings

Price:$4.50M vs avg $2.50M (+$1,995,000)94%
Size:2,191 sqft vs avg 1,989 sqft56%
Price/sqft:$2.1K vs avg $1.2K94%

More Insights

Built in 1940 (85 years old).
Condition: The property was built in 1940, making it an older structure. While the listing mentions 'upgraded kitchens' and 'wood floors,' and the images show clean, well-maintained living spaces, the kitchens (particularly Image 5) feature white appliances and basic countertops that appear to be from an update 15-25 years ago, not meeting current modern standards. The overall aesthetic is functional but dated. The property analysis also highlights 'Historic Property Maintenance' and the potential for future investments in major systems, which aligns with the 'Fair' criteria of being aged but maintained, with major components functional but showing signs of being outdated. It is move-in ready but would benefit from more significant, modern updates.
Year Built
1940
Close
-
List price
$4.5M
Original List price
$4.5M
Price/Sqft
$2,052
HOA
-
Days on market
-
Sold On
-
MLS number
OC25016333
Home ConditionFair
Features
Excellent View: Coastline, Ocean, Panoramic
Patio
ViewCoastline, Ocean, Panoramic

About this home

Perched along Wards Terrace in South Laguna Beach, this classic 1940s triplex is just steps from the sands of Victoria Beach, offers ocean views, and outstanding ARV income potential. Escape to the beach with family and friends or take advantage of short- or long-term revenue opportunities, with an entire property primed for future value potential. Its location at the beach is among the best along the Orange County coast, only moments from the luxurious Montage Laguna Beach resort, classic restaurants including Dizz’s As Is, the golf course at The Ranch at Laguna Beach, and downtown Laguna’s popular galleries and boutiques. Victoria Beach, with its enchanting Pirates Tower, tide pools and dramatic sunset vistas, continues to charm locals and visitors alike. At home, residents will enjoy a trio of open and bright apartments, including a beautiful top-level unit with panoramic ocean views that encompass breaking waves and Catalina Island. This apartment also hosts two bedrooms, one bath, a fireplace and an ocean-view balcony. Two one-bedroom, one-bath units include one with a loft and a detached cottage with private stone patio and deck. Two single-car garages feature brand-new doors, and wood floors, open-beam ceilings and upgraded kitchens are on display. With its beach setting, priceless views and enviable income prospects, this cottage-style Laguna Beach triplex is poised to enrich your lifestyle.

Nearby schools

9/10
El Morro Elementary School
Public,K-53.8mi
9/10
Thurston Middle School
Public,6-82.0mi
9/10
Laguna Beach High School
Public,9-121.7mi
Condition Rating
Fair

The property was built in 1940, making it an older structure. While the listing mentions 'upgraded kitchens' and 'wood floors,' and the images show clean, well-maintained living spaces, the kitchens (particularly Image 5) feature white appliances and basic countertops that appear to be from an update 15-25 years ago, not meeting current modern standards. The overall aesthetic is functional but dated. The property analysis also highlights 'Historic Property Maintenance' and the potential for future investments in major systems, which aligns with the 'Fair' criteria of being aged but maintained, with major components functional but showing signs of being outdated. It is move-in ready but would benefit from more significant, modern updates.
Pros & Cons

Pros

Great Schools: Elementary School: El Morro Elementary School (9/10). Middle School: Thurston Middle School (9/10). High School: Laguna Beach High School (9/10).
Unbeatable Beachfront Location: Directly steps from the sands of Victoria Beach, this property offers unparalleled access to one of Orange County's most desirable coastal areas, with proximity to luxury resorts and amenities.
Exceptional Income-Generating Triplex: As a triplex, the property presents outstanding short-term or long-term rental income potential, ideal for investors seeking significant revenue streams in a high-demand market.
Panoramic Ocean & Catalina Views: Features breathtaking panoramic views of the Pacific Ocean, breaking waves, and Catalina Island from the top-level unit, significantly enhancing property value and appeal.
Charming Architecture with Modern Updates: A classic 1940s cottage-style triplex that retains its historic charm while benefiting from upgraded kitchens, wood floors, open-beam ceilings, and new garage doors.
Versatile Investment & Lifestyle Opportunity: Offers flexibility for use as a personal family retreat, a lucrative rental investment, or a combination, catering to diverse buyer needs in a prime location.

Cons

Historic Property Maintenance: Built in 1940, the property may require ongoing maintenance and potential future investments in systems (e.g., plumbing, electrical) typical of older structures, despite recent cosmetic upgrades.
Premium Price Point: The list price of $4.495 million represents a substantial investment, potentially narrowing the buyer pool and requiring significant capital.
Limited Lot Size: A relatively small lot size of 2,250 sqft might restrict extensive outdoor living space or future expansion opportunities, common for prime beach properties but a consideration for some buyers.

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