31692 3rd Avenue, Laguna Beach, California 92651, Laguna Beach, 92651 - bed, bath
31692 3rd Avenue
Laguna Beach, California 92651
Property Price
SUMMARY
Analysis of 31692 3rd Avenue, Laguna Beach, California 92651 is currently available with a list price of $1,600,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Despite being built in 1938, this beach cottage is in 'good' condition due to being recently refreshed and move-in ready. The interior features updated flooring, a modern kitchen with stainless steel appliances, and clean, updated bathrooms. The property shows well-maintained systems and finishes that bridge the gap between its vintage origins and modern coastal living standards, though it does not appear to have undergone the total structural renovation required for an 'excellent' rating.
PROSSTRENGTHS & OPPORTUNITIES
- 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
Situated just blocks from Table Rock Beach and within walking distance to popular local dining like Coyote Grill, this property offers the quintessential Laguna Beach lifestyle.
- Income-Generating Potential
The multi-unit duplex layout, featuring a main residence and a private studio with its own kitchen, provides excellent flexibility for rental income, guest accommodations, or a home office.
CONSRISKS & DEFICIENCIES
- Compact Living Area
With only 852 square feet of total living space divided between two units, the interior layout is quite small and may feel constrained for some buyers.
- Vintage Infrastructure
Originally built in 1938, the property may require more frequent maintenance or updates to its older structural systems compared to modern coastal constructions.
About 31692 3rd Avenue
Light, bright, and full of coastal charm, this refreshed beach cottage offers a rare multi-unit layout just a couple of brick-lined blocks from the sand. The main residence features two bedrooms and one bathroom upstairs, filled with natural light and an easy indoor-outdoor feel. Downstairs is a private studio with its own kitchen and bathroom, ideal for guests, rental income, or a home office. A one-car garage and ample parking add to the convenience. Perfectly situated near Table Rock Beach and within walking distance to favorite local restaurants including Abha and Coyote Grill, this darling cottage captures the essence of Laguna Beach living with its relaxed coastal lifestyle, abundant light, and unbeatable location.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1938
- Lot Size
- 2,362 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Laguna Beach Unified Schools
El Morro Elementary School
Grades K-5 • 5.4 mi
Thurston Middle School
Grades 6-8 • 3.4 mi
Laguna Beach High School
Grades 9-12 • 3.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 852 | 2,102 | 6% |
| Lot Size | 2,362 | 4,378 | 13% |
| Price | $1.60M | $2.77M | 13% |
| Price per sq ft | $1.9K | $1.3K | 81% |
| Built year | 1938 | 1946 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 228 | 6% |
Pricing History
Listed for Sale
Feb 19, 2026
$1,600,000
$1,650,000
-3% Price Drop
Initial Listing
Price Change
Feb 5, 2026
$1,650,000
Initial Listing
Sold
Apr 2, 2009
$523,500
Public Record