370 Loma, Laguna Beach, California 92651, Laguna Beach, 92651 - bed, bath

370 Loma, Laguna Beach, California 92651 home-pic-0
ACTIVE$3,250,000
370 Loma, Laguna Beach, California 92651
0Bed
0Bath
2,056Sqft
4,356Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Downtown Location: Situated on a prime corner lot in the heart of Downtown Laguna Beach, offering unparalleled walkability to shops, restaurants, and Main Beach.
Top Cons:
Property Age (1948): Built in 1948, the property may have older infrastructure (e.g., plumbing, electrical, HVAC) that could require future updates or higher maintenance, despite being well-maintained.

Compared to the nearby listings

Price:$3.25M vs avg $2.50M (+$750,000)94%
Size:2,056 sqft vs avg 1,989 sqft56%
Price/sqft:$1.6K vs avg $1.2K81%

More Insights

Built in 1948 (77 years old).
Condition: The property was built in 1948. While the exterior appears well-maintained and recently painted, the interior images, particularly of the kitchens and bathrooms, reveal outdated styles and features. Kitchens have older white appliances, dated white cabinetry, and older flooring. Bathrooms feature older vanities, dated tile, and fixtures. The description itself notes 'Potential for Interior Updates.' Although the units are clean and functional, they require significant cosmetic updates to meet current standards and maximize appeal, aligning with a 'Fair' condition.
Year Built
1948
Close
-
List price
$3.25M
Original List price
$3.25M
Price/Sqft
$1,581
HOA
-
Days on market
-
Sold On
-
MLS number
LG25015318
Home ConditionFair
Features
Deck
Patio
View-

About this home

370 Loma Terrace is a well-maintained triplex located on a prime corner lot in the heart of Downtown Laguna Beach. This property's location is walkable to all the shops and restaurants on Forest Avenue, Broadway, Main Beach and surrounding areas. It doesn't get much better. The property features two 1-bedroom/1-bathroom units upstairs and a spacious 2-bedroom/1-bathroom unit downstairs with an attached two-car garage. There is additional off-street parking for four more vehicles. Each unit offers clean interiors, off-street parking, and access to a large shaded patio. The exterior has been recently painted. Although the location is close to the vibrant downtown area, it is situated on a relatively quiet, low-traffic street. The new owner/investor can take over with little hassle or choose to move into the ground floor two-bedroom unit for themselves. Built in 1948 on a 4,356 sq. ft. lot, it is a low-maintenance, well-performing investment in a highly desirable coastal market. Residents of Laguna Beach enjoy stunning coastal landscapes, pristine beaches, and dramatic cliffs with 80 miles of hiking/biking trails and countless choices for gourmet dining. The city boasts almost 7 miles of Pacific coastline, featuring over 30 unique beaches and coves that provide endless opportunities for outdoor exploration. It is famous for its vibrant artistic community, galleries and world-renowned Pageant of the Masters. This tight knit community is proud of its world-class school system and a robust athletic program. Residents enjoy an unparalleled lifestyle rich in natural beauty and unique experiences.

Condition Rating
Fair

The property was built in 1948. While the exterior appears well-maintained and recently painted, the interior images, particularly of the kitchens and bathrooms, reveal outdated styles and features. Kitchens have older white appliances, dated white cabinetry, and older flooring. Bathrooms feature older vanities, dated tile, and fixtures. The description itself notes 'Potential for Interior Updates.' Although the units are clean and functional, they require significant cosmetic updates to meet current standards and maximize appeal, aligning with a 'Fair' condition.
Pros & Cons

Pros

Exceptional Downtown Location: Situated on a prime corner lot in the heart of Downtown Laguna Beach, offering unparalleled walkability to shops, restaurants, and Main Beach.
Income-Generating Triplex: A well-maintained triplex configuration (two 1BD/1BA, one 2BD/1BA) provides immediate rental income potential or an attractive owner-occupancy option.
Abundant Off-Street Parking: Features an attached two-car garage plus additional off-street parking for four vehicles, a significant advantage in a dense coastal downtown area.
Turnkey Investment Opportunity: Described as a low-maintenance, well-performing investment, ready for a new owner/investor with minimal hassle, or for an owner-occupant.
Highly Desirable Coastal Market: Located in Laguna Beach, renowned for its stunning natural beauty, vibrant arts scene, world-class schools, and exceptional lifestyle, ensuring strong demand.

Cons

Property Age (1948): Built in 1948, the property may have older infrastructure (e.g., plumbing, electrical, HVAC) that could require future updates or higher maintenance, despite being well-maintained.
Lack of Views: The property explicitly states 'None' for views, which can be a notable drawback in a premium coastal market where ocean or city views often command a significant premium.
Potential for Interior Updates: While units are described as 'clean,' the description lacks details on recent interior modernizations, suggesting potential for future investment in updated finishes for kitchens and bathrooms to maximize rental appeal and value.

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