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363 Cleo Street, Laguna Beach, California 92651, Laguna Beach, 92651 - bed, bath

363 Cleo Street, Laguna Beach, California 92651 home-pic-0
ACTIVE$2,995,000
363 Cleo Street, Laguna Beach, California 92651
0Bed
0Bath
2,600Sqft
9,583Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Laguna Beach Location: Located in 'The Village,' just minutes from the beach and Laguna's 'Hip' District, offering high desirability and strong potential for appreciation.
Top Cons:
Highly Restricted Showings: No previews or open houses are permitted, and showings require a written offer, significantly limiting buyer access and initial due diligence.

Compared to the nearby listings

Price:$3.00M vs avg $2.50M (+$495,000)94%
Size:2,600 sqft vs avg 1,989 sqft88%
Price/sqft:$1.2K vs avg $1.2K44%

More Insights

Built in 1992 (33 years old).
Condition: The property, built in 1992, presents as move-in ready due to significant recent updates. The kitchen features modern white shaker cabinets, stainless steel appliances, quartz countertops, and a subway tile backsplash, indicating a renovation likely within the last 5-10 years. New wood-look laminate flooring is consistent throughout the living areas and bedrooms. Bathrooms have updated vanities and appear functional, though some fixtures like the light in one bathroom show a bit more age. Overall, the property is well-maintained with stylish updates in key areas, aligning with the 'Good' condition criteria.
Year Built
1992
Close
-
List price
$3M
Original List price
$3M
Price/Sqft
$1,152
HOA
-
Days on market
-
Sold On
-
MLS number
LG24236512
Home ConditionGood
Features
Patio
View

About this home

EXCELLENT VALUE FOR A SPACIOUS DUPLEX ON A LARGE LOT JUST MINUTES FROM THE BEACH AND LAGUNA'S "HIP" DISTRICT. THE UNITS ARE SIDE BY SIDE WITH NO-ONE ABOVE OR BELOW AND EACH UNIT OFFERS TWO LARGE BEDROOMS, TWO BATHS, FIREPLACE IN LIVING ROOM, OPEN KITCHEN, DINING AND LOTS OF LIGHT AND PRIVACY. EACH UNIT HAS AN ATTACHED 2-CAR GARAGE AND FEELS LIKE A SEPARATE CONDO/TOWNHOME. Incredible investment opportunity in prime section of Laguna's iconic "Village" or live in one unit and rent the other. Both units are currently rented and the owner wants to respect the Tenant's privacy. As such, there will be no preview or open house and showings will require a written offer (obviously subject to buyer's sole approval after inspection). Designed by Morris Skenderian this property has never before been for sale. Call listing agent for more information or general descriptions. BUYER TO COOPERATE WITH SELLER'S 1031 TAX DEFERRED EXCHANGE ALL EXPENSE NUMBERS AND THE PROFORMA RENTS ARE ESTIMATES ONLY. SQUARE FOOTAGES ARE ESTIMATED.

Condition Rating
Good
The property, built in 1992, presents as move-in ready due to significant recent updates. The kitchen features modern white shaker cabinets, stainless steel appliances, quartz countertops, and a subway tile backsplash, indicating a renovation likely within the last 5-10 years. New wood-look laminate flooring is consistent throughout the living areas and bedrooms. Bathrooms have updated vanities and appear functional, though some fixtures like the light in one bathroom show a bit more age. Overall, the property is well-maintained with stylish updates in key areas, aligning with the 'Good' condition criteria.
Pros & Cons

Pros

Prime Laguna Beach Location: Located in 'The Village,' just minutes from the beach and Laguna's 'Hip' District, offering high desirability and strong potential for appreciation.
Excellent Income Property: A spacious duplex with both units currently rented, providing immediate rental income and flexibility for an owner-occupant or pure investor.
Spacious & Well-Designed Units: Each unit offers two large bedrooms, two baths, a fireplace, open kitchen, ample light, privacy, and an attached 2-car garage, feeling like separate townhomes.
Generous Lot Size: A substantial 9,583 sqft lot in a prime Laguna Beach location, offering potential for future enhancement or outdoor living space.
Unique & First-Time Offering: Designed by Morris Skenderian and never before on the market, presenting a rare opportunity for a distinctive property in a coveted area.

Cons

Highly Restricted Showings: No previews or open houses are permitted, and showings require a written offer, significantly limiting buyer access and initial due diligence.
1031 Exchange Requirement: The buyer is required to cooperate with the seller's 1031 tax-deferred exchange, which may introduce additional complexities and specific timelines to the transaction.
Estimated Financials & Square Footage: All expense numbers, proforma rents, and square footages are explicitly stated as estimates, necessitating extensive buyer verification and due diligence.

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