Est. cap rate

1.4%

Assumed rent, all units

$6,680/mo

Units

2

Price per unit

$1,425,000

Est. annual NOI

$40,080

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

Duplex

Bedrooms

2

Building size

1,445 sqft

Lot size

5,000 sqft

Year built

1921

Stories

1

Garage spaces

2

Heating

Fireplace(s),See Remarks

Cooling

Whole House Fan,See Remarks

Pool

None

Status

Active

Days on market

49

MLS #

246656021

About this property

Two completely detached residences offer exceptional privacy on one R-2 lot in the heart of Laguna Village. Just a 5-minute walk to the beach, the property also offers a truly car-optional lifestyle, with coffee, restaurants, Ralphs, gyms, shopping, and downtown Laguna Beach all just a short stroll away. Two independent single-level homes, substantial private outdoor living spaces and exceptional walkability create a rare combination of privacy, flexibility and convenience. The front residence features two en-suite bedrooms, a vaulted-ceiling great room with fireplace, and an open kitchen with center island that flows directly to a large outdoor dining and BBQ patio. Both bedrooms open to a second substantial private patio, creating an easy indoor-outdoor flow and extending the home's living and entertaining spaces. The second bedroom—with built-in office cabinetry and a Murphy bed—easily functions as a bedroom, home office, or both. An outdoor shower is perfect after a day at the beach. The home also features a split system, central heat, and a whole-house fan. Set privately behind the main residence, the completely separate one-bedroom cottage features hardwood floors, a fireplace, and a charming Dutch door opening to an expansive, secluded outdoor living area. With space for dining, lounging, and a BBQ amid a fountain, fruit trees, and mature landscaping, the patio feels like a private garden retreat and substantially extends the cottage’s living space. The rear cottage also has its own split system. Two garages and four on-site parking spaces provide an unusual level of convenience for a Village property, and the oversized two-car garage serving offers substantial storage and a 220-volt outlet for EV charging. The flexible configuration is ideal as a full-time residence with separate accommodations for family and guests, a Laguna Beach second home, or an owner-occupied property with the opportunity to rent one of the residences. Two detached homes, exceptional privacy, expansive indoor-outdoor living, generous parking, and a truly walkable Village location make this a uniquely versatile Laguna Beach property.

Location

382 Thalia

Laguna Beach, Orange, CA, 92651