Water Views - Fixer Upper
Address
231 Cajon Street Laguna Beach, CA
Price
$ 3,995,000
Property Attributes
  • MLS#LG20196986
  • TypeIncome
  • CountyORANGE
  • CityLaguna Beach
  • AreaNorth Laguna
  • NeighborhoodNorth Laguna
  • Zip92651
  • StyleSingle Family Residence
  • Price$ 3,995,000
  • Bedrooms5
  • Full Bathrooms5
  • Half Bathrooms0
  • Lot Size9,148 SqFt
Listing Provided Courtesy Of:
Mark Miller with Re/Max One.
Data Source:
CRMLS
Property Description

Your own private compound located just 2 blocks from the beach in prestigious North Laguna! Four cottages plus a carriage house (5 units total), and a 4-car garage, on 2 legal lots totaling 9,000 square feet. The 4 stand-alone bungalows are independent, each with about 470 square feet including one bedroom, a full bath, vaulted beamed ceilings, wood floors, fireplace and a full kitchen. In addition, there is a 2-bedroom carriage house above the garage featuring ocean views and a large deck. Altogether this property comprises 6 bedrooms, 5 bathrooms, 5 full kitchens, 5 living rooms, 4 fireplaces, the 4-car garage, a laundry room and a workshop. There is additional parking in the driveway and off the alley in the back. The lot is street-to-alley, and would support either one or two single family homes, or up to 5 multi-family units as it is currently configured. Live in one unit and collect income from the others, or connect them, or use them as detached studios, offices or guest rooms. Garage access could be easily moved to the alley, enabling the open space of the lot to be fully utilized: there is plenty of room for a spa, fire pit, bocce court... The possibilities are endless! All this just moments from Crescent Bay and Shaws Cove, plus all the shops and restaurants of North Laguna! The property currently generates over $11,500 in monthly income, all tenants have been long term and are currently on month-to-month leases.

Price History
9/21/2020 Listed $3,995,000

General Features

Community Features Curbs, Hiking, Street Lights, Suburban, Sidewalks, Water Sports, Park
Construction Materials Wood Siding
Cooling None
Flooring Wood
Garage Spaces 4
Garage Y/N Yes
Interior Features Beamed Ceilings, High Ceilings, Utility Room, Workshop
Levels One, Two
MLS Area NL - North Laguna
Parking Features Garage, RV Access/Parking
Pool Features None
Property SubType Single Family Residence
Property Type Residential Income
PropertyCondition Fixer, Updated/Remodeled
Roof Composition
Rooms Workshop, Utility Room
Sewer Public Sewer
Subdivision Name North Laguna (NL)
Terms Cash, Cash to New Loan
Total Units 5
View City Lights, Hills, Ocean
Water Sewer Expense 892

Interior Features

Common Walls No Common Walls
Fireplace Features See Remarks, Wood Burning
Fireplace Y/N Yes
Laundry Features Laundry Room, Outside

Exterior Features

Lot Features Back Yard, Front Yard, Near Park, Near Public Transit, Rectangular Lot, Yard
Lot Size Acres 0.21
Lot Size Area 9000
Lot Size Source Assessor
Lot Size Square Feet 9000
Lot Size Units Square Feet
Number of Buildings 5
Number of Separate Electric Meters 5
Number of Separate Gas Meters 5
Number of Separate Water Meters 1
Total Parking 4
View Y/N Yes
Water Source Public

Room Details

Room Dimensions Level Flooring Details
Utility Room
Workshop

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92651

Price
AVG $5.37M
$4M
Visits
AVG 176
302
Year Built
AVG 1957
1936
Walkscore
AVG 79
67
Data Provided by Walkscore ® not using MLS data

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