Est. cap rate

1.3%

Assumed rent, all units

$10,020/mo

Units

3

Price per unit

$1,498,333

Est. annual NOI

$60,120

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Triplex

Bedrooms

4

Bathrooms

3

Building size

2,191 sqft

Lot size

2,250 sqft

Year built

1940

Stories

2

Garage spaces

2

Heating

Fireplace(s),Wall Furnace

Cooling

None

Pool

None

View

Coastline,Ocean,Water

Status

Active

Days on market

238

MLS #

232286721

About this property

Perfectly positioned just moments from the sands of Victoria Beach in South Laguna, this rare coastal triplex offers exceptional flexibility, ocean views, and compelling income potential in one of Orange County’s most desirable seaside enclaves. Ideal as a lifestyle investment, vacation getaway, or long-term hold with strong upside, the property is uniquely configured with three independent living spaces, each featuring full kitchens and living areas. An increasingly rare opportunity near the beach. The upper residence enjoys sweeping Pacific Ocean and Catalina Island views through expansive windows, creating a light-filled retreat with two bedrooms, one bath, a cozy fireplace, and a front-row seat to coastal sunsets. Below, a one-bedroom, one-bath residence with a charming loft provides additional versatility, while a detached one-bedroom cottage offers a private escape complete with its own stone patio and sun-drenched deck . Ideal for guests or rental use. Throughout the property, open-beam ceilings, abundant natural light, wood flooring, and inviting architectural details add warmth and timeless character. Two single-car garages provide valuable off-street parking. An undeniable asset this close to the sand. Whether enjoyed as a full-time residence with supplemental income, a multi-generational compound, or a pure investment play, the property offers multiple revenue streams and strong ARV potential in a premier coastal setting. Located just minutes from the Montage Resort, Victoria Beach with its iconic Pirate’s Tower, acclaimed restaurants, art galleries, and boutiques of downtown Laguna Beach, this is a rare opportunity to own a versatile, income-producing asset while embracing the quintessential Laguna Beach lifestyle.

Location

2838 Wards Terrace

Laguna Beach, Orange, CA, 92651