
Laguna Beach, California 92651
This Versatile Multi-Unit Compound is a Strong Value Opportunity, listed at $4,995,000—positioned well above the $4,706,985 Fair Market Value. While the property commands a premium, its Condition Rating of 2 reflects a masterfully reimagined 1921 Craftsman featuring Calacatta quartz countertops and modernized systems. The triplex configuration offers exceptional flexibility for multi-generational living or high-end rental income in the heart of Laguna Village. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey coastal lifestyle steps from the beach.
Property is new construction or fully renovated.
Though originally built in 1921, the property has been fully reimagined and remodeled within the last 5 years. It features high-end modern kitchens with Calacatta quartz countertops, designer bathrooms with contemporary fixtures, and updated systems. The interior and exterior finishes, including engineered wood flooring and extensive hardscaping, are in mint condition with no maintenance required.
The property features three fully remodeled, individual residences on a single gated lot, offering exceptional flexibility for high-end rental income, multi-generational living, or guest accommodations.
Situated in the heart of Laguna Village, this home is just steps from world-class beaches, renowned restaurants, and galleries, providing an ideal walk-score for the quintessential coastal lifestyle.
This 1921 Craftsman has been masterfully reimagined with high-end finishes, including Calacatta quartz countertops and vaulted ceilings, perfectly blending vintage character with contemporary luxury.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6734, other record lot size in square feet = 6529. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2323, other record living area = 526. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 1.
At a list price of nearly $5 million for 2,323 square feet, the property commands a significant premium that may be difficult to justify compared to larger single-family alternatives in the area.
Despite its proximity to the ocean and premium price point, the property offers only neighborhood views rather than the expansive Pacific Ocean vistas often sought by buyers at this valuation.
Nestled in the heart of Laguna Village, this private gated compound is a rare opportunity where the charm and character of the 1920s meet an elevated modern aesthetic. Originally built in 1921 and thoughtfully reimagined, the property features three fully remodeled, individual residences totaling five bedrooms and five baths, each with its own kitchen and thoughtfully curated finishes throughout—creating an incredibly versatile setting for family, friends, guests or extended stays. The original Craftsman cottage retains the warmth and soul of its era with a covered front porch, vaulted ceilings, exposed beams and original architectural details, complemented by engineered wood flooring, a beautifully updated kitchen with Calacatta quartz countertops and custom cabinetry, and thoughtfully finished baths. Two additional detached cottages offer their own distinct living spaces and a sense of privacy and independence rarely found in the Village. Equally impressive is the expansive outdoor space, where lush landscaping, string lights and bamboo fencing create a private retreat designed for entertaining and quintessential Laguna living. A jacuzzi, outdoor fireplace, fire pit, built-in barbecue, covered patio, and outdoor shower create multiple spaces to gather, unwind and enjoy the coastal lifestyle. Just steps from the beach and some of Laguna’s best restaurants, shops and galleries, this property offers a unique combination of historic character, modern luxury and exceptional versatility in one of the Village’s most desirable locations.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.8 |
| Baths | 5.0 | 3.5 |
| Square foot | 2,323 | 1,840 |
| Lot Size | 6,734 | 5,677.545 |
| Price | $5.00M | $3.03M |
| Price per sq ft | $2.2K | $1.5K |
| Built year | 1921 | 1943 |
| HOA | $0 | $0 |
| Days on market | 30 | 86 |
Aug 10, 2026
$4,995,000
Initial Listing
May 20, 2019
$2,800,000
Public Record
Nov 28, 2018
$2,800,000
Public Record
Dec 5, 2017
$1,360,000
Public Record