31711 Fairview Road, Laguna Beach, California 92651, Laguna Beach, 92651 - 2 bed, 2 bath
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Laguna Beach, California 92651
This property represents a High-Potential Investment Opportunity, listed at $2,365,000—positioned well below the $2,373,463 Fair Market Value by 0.36%. With a Condition Rating of 4, this asset offers $8,463 in Instant Equity. Featuring panoramic ocean views and street-to-street access across three lots, the site provides significant ADU development potential. Located in the Laguna Beach Unified School District with top-rated schools, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add coastal property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 31711 Fairview Road Subject | $2,365,000* List Price | 2 | 2 | 1,126 | $2,108 | - |
A 31981 Virginia Active | $2,600,000 List Price | 3 | 3 | 1,326 | $1,961 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Originally built in 1936, the property is well-maintained but shows its age. While the description mentions a modern bathroom and updated studio, the kitchen features vintage appliances and dated tile work consistent with a renovation older than 15-20 years. The structures are functional and move-in ready but require modernization to meet current luxury standards.
Elementary School: El Morro Elementary School (9/10). Middle School: Thurston Middle School (9/10). High School: Laguna Beach High School (9/10).
The unique configuration of two homes on three street-to-street lots, combined with the potential to add an ADU on the lower lot, offers exceptional value-add opportunities and flexibility for investors or multi-generational living.
The property boasts incredible ocean views of Catalina and San Clemente Islands and is ideally situated within walking distance to the beach, shopping, dining, and the Laguna Beach Trolley.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5000, other record lot size in square feet = 4200. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1126, other record living area = 675. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
With a list price of $2,365,000 for just 1,126 square feet of living space, the property carries a high premium that relies heavily on land value and potential rather than existing square footage.
Originally built in 1936, the property may require specialized maintenance or significant capital investment for structural and system upgrades typical of homes of this era.
This South Laguna home is comprised of TWO HOMES on THREE LOTS that are STREET to STREET access lots! Amazing opportunity for two OCEAN VIEW cottages walking distance to the beach, shopping, dining or jump on the Laguna Beach Trolley to take you up and down Coast Highway. The main cottage having a brick fireplace in the living room, wood floors, modern bathroom, plus a LARGE FLAT beautifully landscaped backyard for entertaining or to relax in and enjoy the serenity of your own slice of heaven. Best of all, incredible ocean views of Catalina Island and San Clemente Island!! The studio unit has been updated throughout with newer flooring, bathroom, kitchenette and in unit laundry with ocean views from this unit as well! You will have no shortage of parking as there is also a large two car attached garage with a small driveway and street parking on both street above (Fairview Rd) and below (Florence) these properties. With capability of adding an ADU on the lower lot, the opportunities are endless with this unique property!!
No exterior & parking available.
Grades K-5 • 5.5 mi
Grades 6-8 • 3.5 mi
Grades 9-12 • 3.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,126 | 2,351 |
| Lot Size | 5,000 | 6,231 |
| Price | $2.37M | $3.25M |
| Price per sq ft | $2.1K | $1.7K |
| Built year | 1936 | 1969 |
| HOA | $0 | $3.0K |
| Days on market | 33 | 71 |
Jun 20, 2026
$2,365,000
Initial Listing
Jun 19, 2026
$233,500
Initial Listing
Jul 29, 2022
$615,500
Public Record
Jan 30, 2018
$1,200,000
Public Record
Sep 30, 1997
$229,000
Public Record