4791 Lago Drive 200, Huntington Beach, California 92649, Huntington Beach, 92649 - 2 bed, 2 bath
Loading property details...
Huntington Beach, California 92649
This Rare Renovation Opportunity is a premier Value-Add Asset positioned in a high-demand coastal market. Currently listed at $519,500, the property carries a $425,330 Fair Market Value reflecting its Uninhabitable Condition Rating. The unit has undergone major demolition with roughed-in plumbing and electrical systems already completed. Featuring soaring ceilings, a creek view, and an oversized attic, the property is minutes from the beach and zoned for Marina High School (9/10). This is a high-upside project perfectly suited for Fix-and-Flip Investors or Contractors seeking to build significant equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4791 Lago Drive 200 Subject | $525,500* List Price | 2 | 2 | 1,272 | $336 | - |
A 4682 Warner Avenue B103 Sold | $576,000 | 2 | 2 | 1,131 | $509 | 0.5 mi |
B 16125 Warmington Lane 12 Sold | $400,000 | 2 | 1 | 966 | $414 | 0.6 mi |
C 4831 Lago 302 Sold | $470,000 | 2 | 2 | 1,166 | $403 | - |
D 4831 Lago Drive 102 Sold | $439,000 | 2 | 2 | 1,166 | $377 | - |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is currently uninhabitable and in a state of mid-renovation following a complete interior demolition. While the listing notes that plumbing and electrical systems have been roughed in, the unit lacks a kitchen, bathrooms, flooring, and finished walls, requiring a substantial capital investment and a full interior build-out to become livable.
High School: Marina High School (9/10).
With major demolition complete and new plumbing and electrical systems already professionally roughed in, the most costly and disruptive phases of remodeling are finished, providing a head start for custom finishes.
The property boasts soaring ceilings, an expansive open floor plan, and a rare oversized attic space, offering unique creative opportunities to maximize square footage and aesthetic appeal.
The unit is currently a 'blank slate' following demolition, meaning it requires a full interior build-out and significant additional capital investment before it can be occupied.
The monthly association fee of $733 is substantial, which increases the financial burden on the buyer during the renovation period while the property is uninhabitable.
Rare Renovation Opportunity in Prime Huntington Beach Location! Discover the perfect canvas for your dream coastal retreat in the heart of Huntington Beach. This spacious condo has undergone major demolition, with all-new plumbing and electrical systems professionally roughed in and ready for your custom finishes—bypassing the most disruptive and costly phases of remodeling. Boasting an expansive open floor plan with soaring ceilings, abundant natural light from oversized sliding glass doors, and recessed lighting throughout, this property offers exceptional flow and versatility. The generous living areas seamlessly connect to outdoor space, ideal for indoor-outdoor California living. Both bathrooms are framed, including moisture-resistant greenboard and single slab shower pans, providing a solid foundation for luxurious upgrades. Above, you have an oversized attic space allowing for an endless amount of creative use. Located just minutes from the iconic Huntington Beach Pier, world-class surfing, vibrant downtown dining, Pacific City shopping, and miles of pristine sandy beaches, this is coastal living at its finest. Whether you’re an owner-occupant envisioning your personalized sanctuary or an investor seeking strong value-add potential, this property represents outstanding opportunity in one of Orange County’s most sought-after markets. Bring your vision and contractor—this blank slate is primed to become a stunning modern beachside residence with significant equity upside.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-8 • 1.2 mi
Grades 9-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,272 | 1,131 | 68% |
| Lot Size | 176,153 | 95,257 | 83% |
| Price | $525.5K | $650.0K | 19% |
| Price per sq ft | $413 | $646 | 11% |
| Built year | 1980 | 1980 | 50% |
| HOA | $733.0 | $627 | 77% |
| Days on market | 155 | 160 | 47% |
May 13, 2026
$525,500
$519,500
+1% Price Increase
Initial Listing
Jan 10, 2026
$519,500
Initial Listing
Oct 28, 2014
$234,000
Public Record