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432 N Coast Highway, Laguna Beach, California 92651, Laguna Beach, - bed, bath

home-pic
ACTIVE$4,950,000
432 N Coast Highway, Laguna Beach, California 92651
0Bed
0Bath
2,286Sqft
4,356Lot
Year Built
1947
Close
-
List price
$4.95M
Original List price
$4.95M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
LG25221807
Home ConditionExcellent
Features
Excellent View: City Lights, Neighborhood, Ocean
Deck
Patio
ViewCity Lights,Neighborhood,Ocean

About this home

Rare opportunity in North Laguna Beach! This C-1 zoned ocean-view triplex is just one block from Heisler Park and Picnic Beach and two blocks from downtown shops, cafés, and restaurants. Nestled behind lush hedges with a large grassy front lawn and vibrant gardens, the property offers three fully updated residences -- perfect for investors, multi-generational living, or a turnkey coastal retreat. The commercial zoning allows for flexible uses, including the ability to obtain a short-term lodging permit for one of the units, enhancing income potential. Lower Front Unit (1 Bed / 1 Bath): French doors open to large grassy yard. Updated kitchen with shaker cabinets, quartz counters, and stainless appliances. Laminate floors, LED lighting, ceiling fan, plantation shutters, and mirrored closet doors. Bathroom with carrara quartz vanity and dual-head shower. Front-loading washer/dryer inside unit and private 1-car garage. Rear Studio Unit: Offered fully furnished, private back patio. Upgraded kitchen with shaker cabinets, quartz counters, stainless appliances, pantry, and coffee bar. Laminate floors, LED lighting, ceiling fan, plantation shutters. Bathroom with carrara quartz vanity and dual-head tiled shower. Front-loading washer/dryer in unit, plus parking space. Upper Penthouse (2 Bed / 2 Bath): Ocean-view deck, oversized living room, and bright, open spaces. Upgraded kitchen with white shaker cabinets, quartz counters with waterfall edge, farmhouse sink, and KitchenAid stainless appliances. Laminate floors, LED recessed lighting, plantation shutters, ceiling fans, and mirrored closet doors. Primary suite with carrara quartz vanity and spa-like tiled shower with dual heads; secondary bath with shower-over-tub. Front-loading washer/dryer in unit + private 2-car garage. The commercial zoning also opens the door to commercial financing options, giving buyers flexibility in structuring a purchase as either a residential or commercial investment. This turnkey ocean-view triplex combines prime location, modern updates, and versatile living arrangements with strong income potential. Steps to the beach, Heisler Park, and downtown Laguna Beach—an exceptional opportunity not to be missed!

Price History

Date
Event
Price
09/20/25
Listing
$4,950,000
Neighborhood Comparison
 SubjectAverage HomeNeighbourhood Ranking (12 Listings)
Beds05
Baths04
Square foot2,2861,827
77%
Lot Size4,3563,920
54%
Price$4.95M$2.5M
92%
Price per square foot$2,165$1,495
92%
Built year19471945
54%
HOA
Days on market46173
8%
Condition Rating
Excellent
Despite being built in 1947, the property has undergone extensive and recent renovations across all three units, as explicitly stated in the description ('fully updated residences', 'modern updates'). The images confirm this with contemporary white shaker cabinets, quartz countertops (including a waterfall edge in the penthouse), stainless steel appliances (including KitchenAid), modern laminate flooring, LED recessed lighting, and new stacked washer/dryer units. Bathrooms feature stylish subway tiling, glass shower enclosures, dual-head showers, and modern vanities with Carrara quartz. All visible components appear new or virtually new, reflecting current quality standards with no deferred maintenance, aligning perfectly with the 'Excellent' condition criteria for a recently and extensively renovated property.
Pros & Cons

Pros

Exceptional Location: The property boasts a prime North Laguna Beach location, just one block from Heisler Park and Picnic Beach, and two blocks from downtown shops and restaurants, offering unparalleled walkability to key attractions.
High Income Potential & Flexible Zoning: As a C-1 zoned triplex, the property offers significant income potential, including the ability to obtain a short-term lodging permit for one unit, and provides commercial financing options, appealing to diverse investment strategies.
Fully Updated & Turnkey Residences: All three units are fully updated with modern kitchens (shaker cabinets, quartz counters, stainless appliances), laminate floors, LED lighting, and in-unit washer/dryers, presenting a turnkey solution for immediate occupancy or rental.
Desirable Ocean Views: The property offers ocean views, particularly from the upper penthouse's deck, enhancing its appeal and commanding higher rental or resale value in this coastal market.
Versatile Living Arrangements: The triplex configuration is ideal for multi-generational living, a flexible investment property, or a combination of owner-occupancy with rental income, catering to a wide range of buyer needs.

Cons

Age of Construction: Built in 1947, the property's age, despite extensive updates, may suggest older underlying infrastructure that could require more significant maintenance or capital expenditures in the long term.
Limited Lot Size: The 4,356 sqft lot is relatively compact for a triplex, potentially limiting expansive outdoor living areas or future development/expansion opportunities.
Absence of Central Air Conditioning: The property description does not mention a central cooling system, which could be a drawback for some occupants, particularly during warmer periods, and may be an expected amenity at this price point.

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