2838 Wards Terrace, Laguna Beach, California 92651, Laguna Beach, - bed, bath

home-pic
ACTIVE$4,495,000
2838 Wards Terrace, Laguna Beach, California 92651
4Beds
4Baths
2,191Sqft
2,250Lot
Year Built
1940
Close
-
List price
$4.5M
Original List price
$4.5M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25016333
Home ConditionFair
Features
Excellent View: Coastline, Ocean, Panoramic
Deck
Patio
ViewCoastline, Ocean, Panoramic

About this home

Perched along Wards Terrace in South Laguna Beach, this classic 1940s triplex is just steps from the sands of Victoria Beach, offers ocean views, and outstanding ARV income potential. Escape to the beach with family and friends or take advantage of short- or long-term revenue opportunities, with an entire property primed for future value potential. Its location at the beach is among the best along the Orange County coast, only moments from the luxurious Montage Laguna Beach resort, classic restaurants including Dizz’s As Is, the golf course at The Ranch at Laguna Beach, and downtown Laguna’s popular galleries and boutiques. Victoria Beach, with its enchanting Pirates Tower, tide pools and dramatic sunset vistas, continues to charm locals and visitors alike. At home, residents will enjoy a trio of open and bright apartments, including a beautiful top-level unit with panoramic ocean views that encompass breaking waves and Catalina Island. This apartment also hosts two bedrooms, one bath, a fireplace and an ocean-view balcony. Two one-bedroom, one-bath units include one with a loft and a detached cottage with private stone patio and deck. Two single-car garages feature brand-new doors, and wood floors, open-beam ceilings and upgraded kitchens are on display. With its beach setting, priceless views and enviable income prospects, this cottage-style Laguna Beach triplex is poised to enrich your lifestyle.

Nearby schools

9/10
El Morro Elementary School
Public,K-53.8mi
9/10
Thurston Middle School
Public,6-82.0mi
9/10
Laguna Beach High School
Public,9-121.7mi
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (12 Listings)
Beds44
50%
Baths44
50%
Square foot2,1911,827
77%
Lot Size2,2503,920
8%
Price$4.5M$2.5M
92%
Price per square foot$2,052$1,495
92%
Built year19401940
50%
HOA
Days on market280174
92%
Condition Rating
Fair

The property was built in 1940. While the description mentions upgraded kitchens, the images show kitchens with older appliances and dated styles. The bathrooms are not clearly visible in the provided images, but given the age of the property, they likely require updates. The property appears to be maintained, but not recently renovated.
Pros & Cons

Pros

Prime Location: Located steps from Victoria Beach in South Laguna, offering unparalleled beach access and proximity to local attractions.
Income Potential: Triplex configuration provides significant short-term or long-term rental income opportunities.
Panoramic Ocean Views: Top-level unit boasts stunning panoramic ocean views, including breaking waves and Catalina Island.
Desirable Amenities: Features include wood floors, open-beam ceilings, upgraded kitchens, and private outdoor spaces (stone patio and deck).
Garage Parking: Includes two single-car garages with brand-new doors, a valuable asset in this coastal community.

Cons

Age of Property: Built in 1940, the property may require ongoing maintenance and potential upgrades to meet modern standards.
Limited Square Footage: The total square footage of 2191 may be considered small for a triplex, potentially impacting rental rates or resale value.
Potential Renovation Costs: While some upgrades are present, further renovations might be necessary to maximize the property's potential and appeal.

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