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

2838 Wards Terrace, Laguna Beach, California 92651 home-pic-0
ACTIVE$4,495,000
2838 Wards Terrace, Laguna Beach, California 92651
0Bed
0Bath
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:
Age of Property: Built in 1940, the property may have aging infrastructure (e.g., plumbing, electrical systems) that, despite cosmetic upgrades, could require significant future investment for maintenance or replacement.

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: Built in 1940, this property has undergone renovations, particularly in the kitchens and bathrooms, which appear to be 10-20 years old. The kitchens feature white cabinetry, granite countertops, and white appliances, which are functional but stylistically dated. Bathrooms have subway tile with mosaic accents, also indicative of an older renovation. While the property is well-maintained with wood floors and new garage doors, the overall aesthetic and age of the core systems suggest it requires minor updates to meet current standards, aligning with the 'Fair' condition criteria.
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
OC25017762
Home ConditionFair
Features
Excellent View:
Deck
Patio
View-

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 a 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 private stone patio and another with a loft. 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

Built in 1940, this property has undergone renovations, particularly in the kitchens and bathrooms, which appear to be 10-20 years old. The kitchens feature white cabinetry, granite countertops, and white appliances, which are functional but stylistically dated. Bathrooms have subway tile with mosaic accents, also indicative of an older renovation. While the property is well-maintained with wood floors and new garage doors, the overall aesthetic and age of the core systems suggest it requires minor updates to meet current standards, aligning with the 'Fair' condition criteria.
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).
Prime Coastal Location & Beach Access: Situated in South Laguna Beach, just steps from Victoria Beach, offering unparalleled access to one of Orange County's best coastal locations, including the iconic Pirates Tower and tide pools.
Significant Income Potential: As a classic 1940s triplex, the property offers outstanding ARV (After Repair Value) income potential, suitable for both short-term vacation rentals and long-term tenancy, maximizing revenue opportunities.
Panoramic Ocean & Catalina Views: The top-level unit boasts panoramic ocean views encompassing breaking waves and Catalina Island, a highly desirable feature that significantly enhances property value and appeal.
Proximity to High-End Amenities: Located moments from luxurious resorts like Montage Laguna Beach, renowned restaurants, The Ranch at Laguna Beach golf course, and downtown Laguna's vibrant galleries and boutiques.
Classic Charm with Upgraded Interiors: Retains its classic 1940s cottage-style charm while featuring upgraded kitchens, wood floors, open-beam ceilings, and brand-new garage doors, blending historical character with modern comforts.

Cons

Age of Property: Built in 1940, the property may have aging infrastructure (e.g., plumbing, electrical systems) that, despite cosmetic upgrades, could require significant future investment for maintenance or replacement.
Limited Lot Size: The 2,250 sqft lot is relatively small for a triplex, potentially limiting private outdoor space for residents or future expansion opportunities.
Lack of Mentioned Central Cooling: The property description does not specify a central cooling system, which is common for older homes and could be a drawback during warmer months, potentially impacting tenant comfort and rental desirability.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state