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421 Loma Terrace, Laguna Beach, California 92651, Laguna Beach, 92651 - 3 bed, 3 bath

421 Loma Terrace, Laguna Beach, California 92651 home-pic-0
ACTIVE$2,495,000
421 Loma Terrace, Laguna Beach, California 92651
3Beds
3Baths
1,670Sqft
3,500Lot

Price Vs. Estimate

The estimated value ($2,495,000) is $0 (0%) lower than the list price ($2,495,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Downtown Location: Unbeatable location in the vibrant heart of downtown Laguna Beach, offering immediate access to cultural attractions, fine dining, shopping, and beaches.
Top Cons:
Property Age & Potential Updates: Built in 1979, the property may require significant updates to major systems (e.g., HVAC, plumbing, electrical) to align with modern buyer expectations, as no comprehensive renovations are detailed.

Compared to the nearby listings

Price:$2.50M vs avg $3.10M ($-600,000)33%
Size:1,670 sqft vs avg 2,015.5 sqft34%
Price/sqft:$1.5K vs avg $1.6K46%

More Insights

Built in 1979 (46 years old).
Condition: Built in 1979, this property has undergone significant cosmetic renovations, particularly in the kitchen and bathrooms. The kitchen features modern white shaker cabinets, white quartz countertops, and stainless steel appliances, all appearing new or recently updated. Bathrooms showcase contemporary subway tiling, glass shower screens, and modern fixtures. New-looking laminate or engineered wood flooring extends throughout the main living areas and bedrooms. While these visible updates are of excellent quality and make the home move-in ready with modern aesthetics, the property's age (45 years) and the lack of detailed information regarding comprehensive updates to major systems (HVAC, plumbing, electrical) suggest that some components may still be older, aligning it with a 'Good' condition rather than 'Excellent'.
Year Built
1979
Close
-
List price
$2.5M
Original List price
$2.6M
Price/Sqft
$1,494
HOA
-
Days on market
-
Sold On
-
MLS number
LG25220100
Home ConditionGood
Features
Excellent View: City Lights, Hills, Ocean
Deck
ViewCity Lights,Hills,Ocean

About this home

Nestled in the vibrant heart of downtown Laguna Beach, this majestic home showcases breathtaking ocean, coastline, and city light views. Offering 3 spacious bedrooms and 2.5 bathrooms, the residence features the unique flexibility of two separate living spaces—perfect for guests, extended family, or a private home office. The open-concept Great Room boasts soaring ceilings, a romantic fireplace, and original stained-glass windows, creating a rare blend of character and charm. A large carport and driveway accommodating up to 4 vehicles provides convenience rarely found in this location. Step outside and enjoy being just moments away from the world-renowned festivals, Playhouse, Suzy Q Center, boutique shopping, fine dining, and art galleries. Hop on the free trolley to explore the many coves and beaches along the iconic California Riviera. This one-of-a-kind Laguna Beach property perfectly balances coastal charm with downtown convenience—a true gem in one of Southern California’s most sought-after destinations.

Condition Rating
Good
Built in 1979, this property has undergone significant cosmetic renovations, particularly in the kitchen and bathrooms. The kitchen features modern white shaker cabinets, white quartz countertops, and stainless steel appliances, all appearing new or recently updated. Bathrooms showcase contemporary subway tiling, glass shower screens, and modern fixtures. New-looking laminate or engineered wood flooring extends throughout the main living areas and bedrooms. While these visible updates are of excellent quality and make the home move-in ready with modern aesthetics, the property's age (45 years) and the lack of detailed information regarding comprehensive updates to major systems (HVAC, plumbing, electrical) suggest that some components may still be older, aligning it with a 'Good' condition rather than 'Excellent'.
Pros & Cons

Pros

Prime Downtown Location: Unbeatable location in the vibrant heart of downtown Laguna Beach, offering immediate access to cultural attractions, fine dining, shopping, and beaches.
Panoramic Views: Features breathtaking ocean, coastline, and city light views, significantly enhancing the property's appeal and market value.
Flexible Floor Plan: Unique layout with two separate living spaces provides excellent versatility for guests, extended family, or a dedicated home office.
Exceptional Parking: Rare for downtown, a large carport and driveway accommodate up to 4 vehicles, a highly desirable amenity in this area.
Distinctive Character: Showcases an open-concept Great Room with soaring ceilings, a romantic fireplace, and original stained-glass windows, offering unique architectural charm.

Cons

Property Age & Potential Updates: Built in 1979, the property may require significant updates to major systems (e.g., HVAC, plumbing, electrical) to align with modern buyer expectations, as no comprehensive renovations are detailed.
Compact Lot Size: The 3500 sqft lot is relatively small, limiting outdoor living space and potentially not meeting the needs of buyers desiring a larger yard.
Recent Price Adjustment: A recent price drop from $2.595M to $2.495M could suggest the initial pricing was aggressive, potentially impacting buyer perception or indicating a need for further market alignment.

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