617 Lombardy, Laguna Beach, California 92651, Laguna Beach, 92651 - 3 bed, 3 bath
617 Lombardy
Laguna Beach, California 92651
Property Price
SUMMARY
Analysis of 617 Lombardy, Laguna Beach, California 92651 is currently available with a list price of $2,695,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Laguna Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although originally built in 1936, the property has undergone over $600,000 in recent high-end capital improvements, resulting in a fully renovated, turnkey coastal compound. The renovation included comprehensive upgrades to major systems such as the roof, plumbing, electrical, and windows. The interiors feature designer kitchens, updated bathrooms, modern hardwood flooring, and vaulted open-beam ceilings, meeting the highest standards for recent extensive renovations.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Investment Potential
This multi-structure compound functions as a high-yield triplex, offering exceptional flexibility for multi-generational living, a primary residence with rental income, or a pure investment play in a prime coastal market.
- Extensive Capital Improvements
With over $600,000 in recent high-end renovations—including comprehensive upgrades to the roof, plumbing, electrical, and windows—this 1936 estate offers a rare turnkey experience with modern infrastructure.
- Prime Location and Parking
Situated on a coveted street in 'The Village' just blocks from the Pacific, the property features rare ocean views from the upper unit and highly desirable on-site parking for four vehicles.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1939, other record living area = 811.
- Non-Conforming Unit
The lower-level studio is classified as 'approved yet non-conforming,' which may complicate certain financing options or impact future permitting and appraisal valuations.
- Limited Bathroom Count
Despite the multi-unit configuration, each residence—including the two-bedroom main cottage—contains only one bathroom, which may be a drawback for larger families or high-end rental expectations.
About 617 Lombardy
Coastal Compound in the Heart of the Village. Rarely does a multi-structure estate of this caliber become available just blocks from the Pacific. Situated on one of the most coveted streets in town, Villa Lombardy is a sophisticated coastal compound comprising two distinct buildings on a single lot. Blending timeless character with over $600,000 in recent high-end capital improvements, this property represents a premier turnkey opportunity—ideal as a high-yield investment, a multi-generational family estate, or a "live-in-one, rent-the-others" scenario. The property has a single car garage and on site parking for 3 additional cars. The Main Cottage | 617 Lombardy Lane: Beyond the classic white picket fence lies a meticulously renovated 2-bedroom, 1-bathroom residence. No detail was overlooked during its comprehensive transformation, which included extensive upgrades to the roof, windows, plumbing, and electrical systems. Interior Elegance: The airy, open-concept floor plan is anchored by dramatic open-beam ceilings, a cozy fireplace, and rich hardwood flooring. Designer Kitchen & Dining: The living area flows seamlessly into a sun-drenched dining and kitchen space, perfectly suited for modern entertaining. Curb Appeal: Exquisite brickwork walkways lead to a private front patio, offering the quintessential coastal cottage aesthetic. The Rear Duplex | 619 & 621 Lombardy Lane: Privately tucked away and separated from the main house by a spacious brick patio, the rear building offers two versatile units: Upper Level (1BD/1BA): A light-filled sanctuary featuring sweeping ocean views from a sizable private balcony. The interior boasts soaring open-beam ceilings, hardwood floors, and elegant French doors that invite the sea breeze. Lower Level (Studio/1BA): This charming, approved yet non-conforming, unit includes a kitchenette and a tiled bath. Whether utilized for guests, a home office, or additional rental income, this space offers exceptional flexibility. Please do not disturb occupants
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1936
- Lot Size
- 3,916 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 1.0 | 56% |
| Baths | 3.0 | 1.0 | 56% |
| Square foot | 1,939 | 2,102 | 31% |
| Lot Size | 3,916 | 4,378 | 38% |
| Price | $2.69M | $2.77M | 44% |
| Price per sq ft | $1.4K | $1.3K | 56% |
| Built year | 1936 | 1946 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 228 | 6% |
Pricing History
Listed for Sale
Feb 19, 2026
$2,695,000
Initial Listing
Sold
May 30, 2013
$1,595,000
Public Record
Sold
Oct 6, 2004
$1,220,000
Public Record
Sold
Aug 31, 1999
$465,000
Public Record