723 Browncroft Road, Laguna Beach, California 92651, Laguna Beach, - bed, bath

home-pic
ACTIVE UNDER CONTRACT$1,799,000
723 Browncroft Road, Laguna Beach, California 92651
0Bed
0Bath
1,419Sqft
3,841Lot
Year Built
1964
Close
-
List price
$1.8M
Original List price
$1.8M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
NP25229186
Home ConditionPoor
Features
Deck
Patio
View-

About this home

Prime Investment Opportunity in Laguna Beach Village – Duplex with Bonus Unit Located in Laguna Beach Village, this rare duplex property is brimming with potential and perfectly positioned just a short stroll from Laguna Beach High School, world-famous beaches, galleries, dining, and charming local shops. Situated on a quiet, tree-lined street in one of the most walkable and desirable neighborhoods in Laguna, this is a true opportunity for investors, developers, or owner-users with vision. The property includes two legal units: Unit A (Vacant): A 2-bedroom, 1-bath unit, ready for renovation and personal customization. Unit B (Occupied): A 1-bedroom, 1-bath unit, with character-rich details and a long-term tenant in place. There is also a third, non-permitted bonus unit currently vacant — ideal for future conversion to an ADU or legal third unit (buyer to verify with city). This additional space presents an excellent opportunity to expand the property’s income potential or accommodate multi-generational living. While the structure is in need of updates and repairs, the location and layout offer strong upside potential for those looking to add value in a premium coastal market. This is a fixer-upper with incredible potential in one of Southern California’s most iconic seaside communities. Whether you’re investing, developing, or creating your own coastal getaway, the possibilities here are wide open. Please Do Not go on the property without an appointment.

Price History

Date
Event
Price
10/02/25
Listing
$1,799,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (12 Listings)
Beds05
Baths04
Square foot1,4191,575
23%
Lot Size3,8413,920
46%
Price$1.8M$2.4M
8%
Price per square foot$1,268$1,478
31%
Built year19641945
85%
HOA
Days on market34173
8%
Condition Rating
Poor

Built in 1964, this property is explicitly described as a 'fixer-upper' and 'in need of updates and repairs.' While one bathroom in Unit A appears recently updated with modern fixtures and flooring, the overall condition is poor. Unit B's kitchen is significantly outdated with old cabinets, appliances, and lighting. The exterior siding shows considerable wear, and the bonus unit's bathroom is in a state of disrepair, requiring substantial renovation. The property requires significant investment in repairs and rehabilitation to meet modern living standards, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

Prime Coastal Location: Situated in the highly desirable Laguna Beach Village, the property offers exceptional walkability to world-famous beaches, galleries, dining, shops, and Laguna Beach High School on a quiet, tree-lined street.
Income-Generating Duplex: This rare duplex features two legal units (a vacant 2-bedroom and an occupied 1-bedroom with a long-term tenant), providing immediate or potential rental income streams.
ADU/Bonus Unit Potential: Includes a vacant, non-permitted bonus unit that presents significant potential for conversion to an ADU or legal third unit, offering expanded income opportunities or multi-generational living.
Significant Value-Add Opportunity: Described as a 'fixer-upper' with 'strong upside potential,' it's an ideal canvas for investors, developers, or owner-users to customize and substantially increase value in a premium market.
Rarity in Market: The property is noted as a 'rare duplex' in Laguna Beach Village, offering a unique and sought-after investment or development opportunity in a highly competitive coastal community.

Cons

Extensive Renovation Required: The property is explicitly a 'fixer-upper' and 'in need of updates and repairs,' indicating substantial capital investment and effort will be necessary to modernize the 1964-built structure.
Non-Permitted Bonus Unit: The third bonus unit is non-permitted, requiring buyer verification with the city and potentially significant costs and time for legalization or conversion to an ADU, adding complexity and risk.
Occupied Unit with Long-Term Tenant: While providing income, the presence of a long-term tenant in Unit B may complicate immediate renovation plans for that unit or limit owner-occupancy options, depending on lease terms and tenant cooperation.

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