709 Gaviota Drive, Laguna Beach, California 92651, Laguna Beach, 92651 - 4 bed, 4 bath
ACTIVE$4,199,000
709 Gaviota Drive, Laguna Beach, California 92651
4Beds
4Baths
2,370Sqft
3,049Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Coastal Location: Primely positioned in the heart of Laguna Beach, one row from the oceanfront with a Walkscore of 94, offering unparalleled access to amenities and the beach.
Top Cons:
Requires Cosmetic Upgrades: The property needs cosmetic improvements and surface upgrades to reach its full potential and command top market value.
Compared to the nearby listings
Price:$4.20M vs avg $2.50M (+$1,699,000)94%
Size:2,370 sqft vs avg 1,989 sqft75%
Price/sqft:$1.8K vs avg $1.2K94%
More Insights
Built in 1922 (103 years old).
Condition: Built in 1922, this property is over 100 years old. While the description notes recent structural steel foundation upgrades and a new roof, indicating good structural integrity and functional major systems, it explicitly states that 'Cosmetic improvements and surface upgrades would take this property to a whole new level.' The visible living room features dated exposed wood beams, a rustic wood ceiling, and a large brick fireplace, confirming the need for significant cosmetic updates. Without images of the kitchen and bathrooms, it's highly probable these areas are also outdated, consistent with the property's age and the general need for 'surface upgrades.' The property is maintained and functional, but requires substantial cosmetic renovation to meet modern standards and command market value, fitting the 'Fair' condition criteria.
Year Built
1922
Close
-
List price
$4.2M
Original List price
$4.25M
Price/Sqft
$1,772
HOA
-
Days on market
-
Sold On
-
MLS number
LG25021476
Home ConditionFair
Features
Excellent View: Catalina, City Lights, Ocean, Water
Patio
ViewCatalina,City Lights,Ocean,Water
About this home
This 4-PLEX investment opportunity is in the ideal Laguna Beach location. Primely positioned in the heart of town (Walkscore 94) on the ocean side of Coast Highway, one row from the Oceanfront. Endless views of the coastline in both directions....sand, white water, Catalina island and city lights. This property is surrounded mostly by updated and high value SFRs. The floor plan configuration includes three one bedroom apartments and one studio unit. Zoned R3, if desired, the upper unit could be converted to one, top level owner's unit or two bedroom apartment. For 60 years, this property has been diligently maintained by the same family and now presents a rare opportunity for a new owner. All systems are functional. Recent structural steel foundation upgrade and new roof. Cosmetic improvements and surface upgrades would take this property to a whole new level. Rents are all currently under market value. Schedule a tour today. 24 hour notice required.
Condition Rating
Fair
Built in 1922, this property is over 100 years old. While the description notes recent structural steel foundation upgrades and a new roof, indicating good structural integrity and functional major systems, it explicitly states that 'Cosmetic improvements and surface upgrades would take this property to a whole new level.' The visible living room features dated exposed wood beams, a rustic wood ceiling, and a large brick fireplace, confirming the need for significant cosmetic updates. Without images of the kitchen and bathrooms, it's highly probable these areas are also outdated, consistent with the property's age and the general need for 'surface upgrades.' The property is maintained and functional, but requires substantial cosmetic renovation to meet modern standards and command market value, fitting the 'Fair' condition criteria.
Pros & Cons
Pros
Prime Coastal Location: Primely positioned in the heart of Laguna Beach, one row from the oceanfront with a Walkscore of 94, offering unparalleled access to amenities and the beach.
Exceptional Panoramic Views: Boasts endless views of the coastline, sand, white water, Catalina Island, and city lights, significantly enhancing property value and desirability.
Strong Investment & Development Potential: A 4-plex investment opportunity zoned R3, allowing for potential conversion of the upper unit into a top-level owner's unit or two-bedroom apartment, maximizing future value.
Solid Structural Condition: Diligently maintained by the same family for 60 years, with recent structural steel foundation upgrades and a new roof, ensuring core integrity.
Desirable Neighborhood Context: Surrounded mostly by updated and high-value single-family residences, indicating a stable and appreciating market.
Cons
Requires Cosmetic Upgrades: The property needs cosmetic improvements and surface upgrades to reach its full potential and command top market value.
Under-Market Rents: All current rents are below market value, requiring active management and potential tenant turnover to optimize income.
Age of Property: Built in 1922, while well-maintained, the property's age may necessitate further investment for modern amenities or layouts desired by contemporary tenants/owners.