1585 Catalina, Laguna Beach, California 92651, Laguna Beach, - bed, bath

home-pic
ACTIVE$4,150,000
1585 Catalina, Laguna Beach, California 92651
6Beds
4Baths
3,478Sqft
5,632Lot
Year Built
1985
Close
-
List price
$4.15M
Original List price
$4.15M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC24117379
Home ConditionGood
Features
Good View: Neighborhood, Peek-A-Boo
Deck
Patio
ViewNeighborhood, Peek-A-Boo

About this home

Don't miss out on this opportunity to live at the beach while making passive income in this lucrative, income-producing property! With completely separate driveways, garages (with separate laundry), entryways, balconies and backyards, this fully side-by-side duplex feels and lives just two single-family homes. Each 3bed/2bath 1740sf (approx) home has a solid tenant in place, providing you the option of continuing to lease both homes or moving into one by the end of the year! Both units have been fully and thoughtfully upgraded withing the past few years: Granite counters, Swedish oak flooring and new appliances throughout, Vaulted ceilings, A/C, wood-burning fireplaces, front enclosed patios and upstairs deck/balconies. No deferred maintenance anywhere! With a peekaboo OCEAN VIEW and less than a 5-min walk to the sand, this incredible tranquil location is on a prime corner lot and walking distance to the best of what Laguna Beach has to offer - monthly Art-Walk, Sawdust Festival, world-class restaurants and one of the most beautiful and famous beaches in the world.

Nearby schools

9/10
Top Of The World Elementary School
Public,K-51.4mi
9/10
El Morro Elementary School
Public,K-52.9mi
9/10
Thurston Middle School
Public,6-81.3mi
9/10
Laguna Beach High School
Public,9-120.8mi
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (12 Listings)
Beds65
54%
Baths44
50%
Square foot3,4781,827
92%
Lot Size5,6323,920
85%
Price$4.15M$2.5M
92%
Price per square foot$1,193$1,478
31%
Built year19851945
85%
HOA
Days on market514174
92%
Condition Rating
Good

The property was built in 1985 but has been upgraded in recent years. The listing mentions granite counters, Swedish oak flooring, and new appliances. The kitchen and bathrooms appear to be in good condition based on the images, although the bathroom styles are somewhat dated. Overall, the property seems move-in ready with no immediate major renovations required.
Pros & Cons

Pros

Income Potential: The property is a fully side-by-side duplex with separate utilities, driveways and garages, offering immediate passive income from existing tenants.
Prime Location: Located in Laguna Beach, within a 5-minute walk to the beach and walking distance to art festivals, restaurants, and other attractions.
Recent Upgrades: Both units have been fully upgraded in recent years with granite counters, Swedish oak flooring, new appliances, and A/C, minimizing immediate maintenance concerns.
Desirable Features: Includes vaulted ceilings, wood-burning fireplaces, enclosed patios, and upstairs deck/balconies, enhancing the living experience.
Ocean View: Offers a 'peek-a-boo' ocean view, adding to the property's desirability and potential rental income.

Cons

High Price Point: The list price of $4.15 million may limit the pool of potential buyers.
Limited View: The ocean view is described as 'peek-a-boo,' suggesting it's not a full or expansive ocean view, which might not satisfy some buyers.
Lot Size: The lot size of 5,632 sqft is relatively small, which may limit outdoor space and potential for expansion.

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