468 Ruby St., Laguna Beach, California 92651, Laguna Beach, 92651 - 2 bed, 2 bath
ACTIVE UNDER CONTRACT$2,250,000$1,200/sqft
468 Ruby St., Laguna Beach, California 92651
2Beds
2Baths
1,200Sqft
4,200Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
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).
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1200, other record living area = 940.
Compared to the nearby listings
Price:$2.25M vs avg $3.15M ($-900,000)22%
Size:1,200 sqft vs avg 2,109 sqft11%
Price/sqft:$1.9K vs avg $1.6K66%
More Insights
Built in 1949 (77 years old).
Condition: Built in 1949, this property is explicitly marketed as an 'opportunity for a radical transformation' and 'Extensive Renovation Required.' The description of a 'compact kitchen' and the overall age without any mentioned major renovations indicate that the existing structure is at the end of its functional and aesthetic lifespan. The high list price for its current condition, coupled with the emphasis on 'redevelopment potential,' suggests the value lies primarily in the land and location, aligning with the criteria for a tear-down where the existing structure requires a complete overhaul or replacement.
Year Built
1949
Close
-
List price
$2.25M
Original List price
$2.25M
Price/Sqft
$1,875
HOA
-
Days on market
-
Sold On
-
MLS number
LG25257802
Home ConditionTear down
Features
Excellent View: City Lights, Coastline, Hills, Ocean
Deck
ViewCity Lights,Coastline,Hills,Ocean
About this home
A must see. A very special property in Woods Cove. A few short blocks to the beach. Simply stated, this home has 1200 square feet, two levels, a compact kitchen, two bedrooms, two baths, a living room, a multi-purpose room and a cozy retreat on a 4200 square feet lot. There is an ocean view to the south from the roof deck and ocean views to the west/northwest from the retreat and master bedroom and bath. With a little imagination, this home may have multiple uses, including an opportunity for a radical transformation. Lower and upper levels have private entrances. Unusual for a home of this size, it has an attached, two car garage. The upstairs portion of the home is classic Laguna Beach board and batten while the lover level is a Santa Barbara style stucco and tile. A visit to this home will bring a smile to your face.
W
Wayne Baglin
Listing Agent
Nearby schools
9/10
Top Of The World Elementary School
Public,•K-5•1.4mi
9/10
El Morro Elementary School
Public,•K-5•3.2mi
9/10
Thurston Middle School
Public,•6-8•1.4mi
9/10
Laguna Beach High School
Public,•9-12•1.1mi
Condition Rating
Tear down
Built in 1949, this property is explicitly marketed as an 'opportunity for a radical transformation' and 'Extensive Renovation Required.' The description of a 'compact kitchen' and the overall age without any mentioned major renovations indicate that the existing structure is at the end of its functional and aesthetic lifespan. The high list price for its current condition, coupled with the emphasis on 'redevelopment potential,' suggests the value lies primarily in the land and location, aligning with the criteria for a tear-down where the existing structure requires a complete overhaul or replacement.
Pros & Cons
Pros
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 in the highly desirable Woods Cove subdivision of Laguna Beach, just a few short blocks from the beach, offering unparalleled access to coastal amenities.
Exceptional Ocean & Scenic Views: Boasts multiple ocean views from the roof deck, retreat, and master bedroom/bath, complemented by city lights, coastline, and hill views, enhancing its appeal and value.
Significant Redevelopment Potential: Described as an 'opportunity for a radical transformation' with 'multiple uses' on a 4200 sqft lot, offering substantial potential for customization, expansion, or complete redevelopment.
Rare Attached Two-Car Garage: Features an attached two-car garage, an unusual and highly sought-after amenity for a home of this size and age in Laguna Beach, providing convenience and value.
Flexible Layout with Private Entrances: The lower and upper levels have private entrances, offering versatility for multi-generational living, potential rental income, or a distinct home office/guest suite setup.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1200, other record living area = 940.
Extensive Renovation Required: Built in 1949, the property explicitly requires 'imagination' and 'radical transformation,' indicating it is not move-in ready and will necessitate significant investment for modernization.
Limited Interior Living Space: With only 1200 sqft and a 'compact kitchen,' the interior living space is relatively small for its price point and location, potentially limiting comfort for some buyers.
High Price for Current Condition: The $2.25M list price for a 1949 home needing 'radical transformation' reflects a premium for the land and location, implying a high entry cost for a property requiring substantial additional capital.