Est. cap rate

1.3%

Assumed rent, all units

$6,680/mo

Units

2

Price per unit

$1,597,500

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

1,560 sqft

Lot size

4,500 sqft

Year built

1928

Stories

2

Garage spaces

2

Style

Tudor

Heating

Wall Furnace

Cooling

Central Air

Pool

In Ground,Private,Heated,Salt Water

View

Ocean

Status

Active

Days on market

22

MLS #

247524600

About this property

Originally built in 1928 and thoughtfully remodeled, with major systems upgraded, this distinctive Laguna Beach residence with a private lower unit, captures the romance of a bygone era while embracing the ease of refined coastal living. Set in a coveted beach-close location, the property pairs timeless architectural character with indoor-outdoor living and privacy rarely found so close to the heart of Laguna. The main residence offers single-level living with two bedrooms and inviting light-filled spaces. The dramatic great room takes center stage with a vaulted ceiling, fireplace, graceful arched windows, and arched entryways that celebrate the home's original character. The wraparound sunroom creates a versatile living space, and the beautifully appointed gourmet kitchen features a dual-fuel Wolf range, subzero appliances and generous storage spaces. A Dutch door opens to a lush, private yard enveloped by mature foliage and featuring a generous saltwater pool and spa, creating a resort-like setting for leisurely gatherings and daily living. Ocean views and beautiful sunset vistas further define the property's quintessential Laguna Beach atmosphere. The lower-level separate unit with its private entry and enclosed patio greets you with a dutch door entry and features an ensuite bedroom, separate laundry, abundant natural light, and remodeled kitchen and bath—an ideal space for guests or rental income. Offering ample onsite and enclosed parking in a sought-after location within steps to everything Laguna Beach has to offer. Beaches, downtown Laguna, resorts, dining and village amenities are just moments away. With its architectural soul, sophisticated upgrades, private grounds, ocean views, and potential for rental income, this is a rare opportunity to own a piece of Laguna Beach while enjoying the comforts of contemporary coastal living for generations.

Location

1494 Glenneyre

Laguna Beach, Orange, CA, 92651