253 Fairview Street, Laguna Beach, California 92651, Laguna Beach, - bed, bath

home-pic
ACTIVE$3,200,000
253 Fairview Street, Laguna Beach, California 92651
4Beds
4Baths
2,398Sqft
4,356Lot
Year Built
1976
Close
-
List price
$3.2M
Original List price
$3.5M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
LG24237140
Home ConditionFair
Features
Good View: Coastline, Ocean
Patio
ViewCoastline, Ocean

About this home

Discover the epitome of coastal investment potential with this exquisite ocean view duplex at 253 Fairview and 257 Fairview, located in the sought-after North Laguna Beach. Perfectly situated within close proximity to the area's iconic beaches, renowned art galleries, fine dining, and upscale shopping, this property is a rare find for investors or those seeking a versatile living arrangement. Each of the two thoughtfully designed units features 2 spacious bedrooms, complemented by light-filled living areas that exude comfort and charm. The kitchens are functional yet stylish, providing a perfect balance of comfort and utility. Private outdoor spaces in both units such as patios or balconies, invite ocean breezes and provide serene settings for relaxation. Ample parking is provided by two dedicated 2-car garages, a rare find in this highly desirable area. This feature adds value and convenience for tenants and ensures premium rental demand. The property’s charming curb appeal and unbeatable location make it a standout in the market. Whether you’re seeking a reliable income stream, a live-in investment, or a future remodel opportunity, this duplex offers incredible flexibility and upside potential.

Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (10 Listings)
Beds44
50%
Baths44
50%
Square foot2,3981,827
82%
Lot Size4,3564,356
50%
Price$3.2M$2.5M
91%
Price per square foot$1,334$1,495
36%
Built year19761948
82%
HOA
Days on market331174
91%
Condition Rating
Fair

The property was built in 1976. The kitchens and bathrooms appear functional but outdated. The appliances are stainless steel but not high-end. The overall condition suggests the property has been maintained but not recently renovated. It requires minor updates or repairs.
Pros & Cons

Pros

Ocean View: The property boasts desirable ocean views, enhancing its appeal and potential rental income.
Desirable Location: Located in North Laguna Beach, close to beaches, art galleries, dining, and shopping, increasing its attractiveness to tenants and buyers.
Duplex Structure: The duplex configuration offers versatile living arrangements and income potential, appealing to investors and owner-occupants.
Ample Parking: Features two 2-car garages, a rare and valuable amenity in the area, providing convenience and increasing rental demand.
Investment Potential: Offers a reliable income stream, live-in investment opportunity, or future remodel potential, providing flexibility and upside.

Cons

Year Built: Built in 1976, the property may require updates to meet modern standards and preferences.
Price Reduction: The property has experienced a price reduction from its original listing price, which may indicate market resistance or perceived value concerns.
Functional Kitchens: Kitchens are described as functional, suggesting they may not be fully updated or high-end, potentially requiring renovation to maximize appeal.

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