31502 Mar Vista, Laguna Beach, California 92651, Laguna Beach, 92651 - 5 bed, 5 bath
31502 Mar Vista
Laguna Beach, California 92651
Property Price
SUMMARY
Analysis of 31502 Mar Vista, Laguna Beach, California 92651 reveals a Prime Investment Opportunity with a current list price of $5,450,000—significantly undercutting the $6,000,515 Fair Market Value by 9%. This valuation gap indicates a +$550,515 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Laguna Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 31502 Mar Vista Subject | $5,450,000* List Price | 5 | 5 | 2,855 | $2,102 | - |
A 31831 Sunset Avenue Active Under Contract | $4,995,000 List Price | 3 | 5 | 2,300 | $2,172 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1973, the property has undergone an extensive and recent renovation, as evidenced by the 'brand-new chef’s kitchen' and modern design throughout. The images showcase high-end, contemporary kitchens with new appliances, modern cabinetry, and luxurious countertops. Bathrooms are also fully updated with stylish vanities, modern tiling, and fixtures. Flooring is consistent with modern wood-look tile or hardwood, and lighting is recessed with contemporary fixtures. All visible components appear new or virtually new, meeting current quality standards with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Panoramic Ocean Views
The property boasts expansive 180°+ panoramic ocean views, including Catalina Island and the coastline, offering a truly exceptional coastal living experience.
- Dual Living Quarters & Versatility
Featuring two separate living quarters, including a main residence and a charming cottage, this compound offers significant versatility for guests, extended family, or a private studio.
- Exceptional Privacy
Perched above the coastline, the estate provides unmatched privacy, creating a secluded and tranquil environment.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2855, other record living area = 1939. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 1.
- Age of Property
Built in 1973, the underlying structure is over 50 years old, which may imply potential for older systems (e.g., plumbing, electrical, roof) not explicitly mentioned as updated beyond the kitchen.
- Lack of Cooling System Mention
The property description does not mention a cooling system, which could be a consideration for comfort during warmer periods, especially for buyers accustomed to central air conditioning.
About 31502 Mar Vista
Expansive Ocean View Compound. Experience panoramic 180°+ ocean views from this exceptional coastal compound offering unmatched privacy, two separate living quarters, abundant storage, and on-site parking for up to eight cars. Perched above the coastline, this Laguna Beach estate embodies the essence of comfortable coastal living—where privacy, space, and modern design converge. The main residence offers three bedrooms, three baths, a den, and a brand-new chef’s kitchen that opens to an expansive ocean-view deck. Walls of glass blur the line between indoors and out, creating a seamless flow ideal for relaxed living, intimate coastal gatherings or grand scale soirees! A secondary structure enhances the property’s versatility with a charming cottage vibe, featuring two additional bedrooms and two baths—perfect for guests, extended family, or a private studio retreat. This is a one-of-a-kind property that offers privacy, flexibility, unmatched views, fantastic parking, expansive storage, and the ultimate indoor/outdoor living experience. Be sure to check out the 3D Walkthrough.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1973
- Lot Size
- 8,633 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 5 (5 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 88% |
| Baths | 5.0 | 3.0 | 81% |
| Square foot | 2,855 | 2,054 | 75% |
| Lot Size | 8,633 | 6,041.5 | 81% |
| Price | $5.45M | $3.06M | 85% |
| Price per sq ft | $1.9K | $1.6K | 69% |
| Built year | 1973 | 1965 | 58% |
| HOA | $0 | $0 | 50% |
| Days on market | 51 | 200 | 3% |
Pricing History
Listed for Sale
Jan 15, 2026
$5,450,000
Initial Listing
Sold
Feb 18, 2020
$1,900,000
Public Record
Sold
Dec 7, 2016
$1,580,000
Public Record
Sold
Jun 27, 2002
$695,000
Public Record