709 Gaviota Drive, Laguna Beach, California 92651, Laguna Beach, 92651 - 4 bed, 4 bath
ACTIVE$4,199,000$2,370/sqft
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:
Unbeatable Coastal Location: Situated in prime Laguna Beach, on the ocean side of Coast Highway, just one row from the oceanfront, placing it in the heart of town and surrounded by high-value single-family residences.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3049, other record lot size in square feet = 2995. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2370, other record living area = 2122. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Compared to the nearby listings
Price:$4.20M vs avg $2.50M (+$1,699,000)93%
Size:2,370 sqft vs avg 2,000 sqft73%
Price/sqft:$1.8K vs avg $1.3K93%
More Insights
Built in 1922 (104 years old).
Condition: Built in 1922, this property has received crucial structural upgrades (new foundation and roof), preventing a 'Poor' or 'Tear-down' rating. However, the listing explicitly states 'Extensive Cosmetic Renovation Needed' and 'Cosmetic improvements and surface upgrades would take this property to a new level.' The visible interiors show dated styles (wood paneling, brick fireplace, older flooring/carpet), and the absence of kitchen and bathroom images, combined with the overall context, strongly suggests these areas are also outdated and require significant renovation to meet current standards. While functional, it's far from move-in ready for modern tastes.
Year Built
1922
Close
-
List price
$4.2M
Original List price
$4.2M
Price/Sqft
$1,772
HOA
-
Days on market
-
Sold On
-
MLS number
LG26010572
Home ConditionFair
Features
Excellent View: Catalina, City Lights, Ocean, Water
Patio
ViewCatalina,City Lights,Ocean,Water
About this home
4-PLEX investment property in a prime Laguna Beach location. Positioned in the heart of town, on the ocean side of Coast Highway, just one row from the Oceanfront. Coastline and Ocean Views in both directions....sand, white water, Catalina island and city lights. This property is mostly surrounded by 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. All systems are functional. Recent structural steel foundation upgrade and new roof. Cosmetic improvements and surface upgrades would take this property to a new level. For 60 years, this property has been diligently maintained by the same family and now presents an opportunity for a new owner to develop and maximize it's value. Schedule a tour today. 24 hour notice required.
S
Spencer Wall
Listing Agent
Condition Rating
Fair
Built in 1922, this property has received crucial structural upgrades (new foundation and roof), preventing a 'Poor' or 'Tear-down' rating. However, the listing explicitly states 'Extensive Cosmetic Renovation Needed' and 'Cosmetic improvements and surface upgrades would take this property to a new level.' The visible interiors show dated styles (wood paneling, brick fireplace, older flooring/carpet), and the absence of kitchen and bathroom images, combined with the overall context, strongly suggests these areas are also outdated and require significant renovation to meet current standards. While functional, it's far from move-in ready for modern tastes.
Pros & Cons
Pros
Unbeatable Coastal Location: Situated in prime Laguna Beach, on the ocean side of Coast Highway, just one row from the oceanfront, placing it in the heart of town and surrounded by high-value single-family residences.
Panoramic Ocean & City Views: Offers breathtaking coastline, white water, Catalina Island, and city lights views in both directions, significantly enhancing its appeal and value.
Income-Generating Quadruplex: A proven 4-plex investment property providing immediate rental income with three 1-bedroom units and one studio, ideal for investors.
Significant Value-Add Potential: R3 zoning and the existing configuration allow for strategic cosmetic upgrades and potential conversion of the upper unit to a larger owner's unit or 2-bedroom apartment, maximizing future value.
Recent Major System Upgrades: Benefits from a recent structural steel foundation upgrade and a new roof, addressing critical long-term maintenance concerns and providing structural integrity.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3049, other record lot size in square feet = 2995. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2370, other record living area = 2122. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Extensive Cosmetic Renovation Needed: The property requires significant cosmetic and surface upgrades to modernize interiors and maximize its potential value, representing a substantial additional investment for the buyer.
Historic Property Age: Built in 1922, the age of the property suggests potential for outdated systems (beyond the recently upgraded foundation and roof) and layouts that may not meet contemporary tenant expectations without renovation.
Limited Unit Size Configuration: The current setup of three 1-bedroom units and one studio unit, while functional, may not appeal to all potential tenants or owner-users seeking larger living spaces, potentially impacting rental income optimization without further investment.