709 Gaviota Drive, Laguna Beach, California 92651, Laguna Beach, 92651 - bed, bath
ACTIVE$4,199,000$2,370/sqft
709 Gaviota Drive, Laguna Beach, California 92651
0Bed
0Bath
2,370Sqft
3,049Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Location & Views: Unbeatable Laguna Beach location, one row from the oceanfront, offering panoramic coastline, ocean, Catalina Island, and city light views.
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.
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 a historic age. While it benefits from recent structural steel foundation upgrades and a new roof, and all systems are functional, the listing explicitly states that 'Cosmetic improvements and surface upgrades would take this property to a new level.' The interior images of the living spaces confirm a very dated style, with older finishes, windows, and flooring. This suggests the kitchen and bathrooms, though not pictured, are also likely outdated and require significant renovation to meet current standards. It's aged but maintained, with functional major systems, fitting the 'Fair' criteria for requiring minor updates or repairs, primarily cosmetic.
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
LG26010605
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 a historic age. While it benefits from recent structural steel foundation upgrades and a new roof, and all systems are functional, the listing explicitly states that 'Cosmetic improvements and surface upgrades would take this property to a new level.' The interior images of the living spaces confirm a very dated style, with older finishes, windows, and flooring. This suggests the kitchen and bathrooms, though not pictured, are also likely outdated and require significant renovation to meet current standards. It's aged but maintained, with functional major systems, fitting the 'Fair' criteria for requiring minor updates or repairs, primarily cosmetic.
Pros & Cons
Pros
Exceptional Location & Views: Unbeatable Laguna Beach location, one row from the oceanfront, offering panoramic coastline, ocean, Catalina Island, and city light views.
Income-Generating Asset: A 4-plex residential income property providing immediate cash flow and investment potential with three one-bedroom units and one studio.
Recent Major Upgrades: Significant capital improvements including a structural steel foundation upgrade and a new roof have been completed, addressing major structural concerns.
Value-Add & Redevelopment Potential: Zoned R3, offering flexibility for unit conversion (e.g., upper owner's unit or two-bedroom apartment) and substantial value appreciation through cosmetic enhancements.
Prestigious Neighborhood: Situated amidst high-value single-family residences, ensuring a desirable and appreciating surrounding environment.
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.
Extensive Cosmetic Renovation Required: The property is in need of significant cosmetic improvements and surface upgrades to modernize and maximize its appeal and value.
Historic Property Age: Built in 1922, the property's age suggests potential for outdated interior finishes and systems, despite recent structural work, requiring further investment.
Substantial Future Investment: While structurally sound, achieving the property's full potential necessitates considerable additional capital expenditure for interior development and aesthetic enhancements.