Est. cap rate

1.2%

Assumed rent, all units

$6,680/mo

Units

2

Price per unit

$1,738,500

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

3,300 sqft

Lot size

4,950 sqft

Year built

1948

Stories

2

Garage spaces

2

Heating

Central

Cooling

Wall/Window Unit(s)

Pool

None

View

Coastline,Ocean,Catalina

Status

Active

Days on market

1

MLS #

248369998

About this property

GORGEOUS COASTAL COTTAGE DUPLEX WITH OCEAN VIEWS NEAR THE VILLAGE OF LAGUNA BEACH! Experience the timeless charm of a cottage by the sea, featuring two residences filled with coastal character, beautiful wood flooring, inviting living spaces, and picturesque surroundings. The charming upper unit offers 2 bedrooms and 1 full bathroom, capturing the essence of coastal living with abundant natural light and gorgeous ocean views. The bright kitchen features granite countertops, white cabinetry, a breakfast bar, and beautiful views, while the cozy living room showcases a charming brick fireplace and expansive windows framing the coastal scenery. Step outside onto the spacious private deck, perfect for entertaining, relaxing, and enjoying refreshing ocean breezes and picturesque views. The inviting lower unit features 3 bedrooms and 2 full bathrooms, exuding timeless cottage charm with beautiful white-beamed ceilings, warm wood flooring, and an abundance of natural light throughout. The spacious living room features a charming fireplace, custom built-in cabinetry, and French doors opening to the outdoors, creating a seamless indoor-outdoor living experience. Generously sized bedrooms and beautifully appointed bathrooms add to the home's comfort and appeal. A 2 car garage and ample parking adds value! Surrounded by mature landscaping and lush greenery, the inviting patios and garden seating areas provide peaceful settings for relaxation and entertaining. Ideally located near the heart of Laguna Beach Village, enjoy beautiful beaches, art galleries, restaurants, boutiques, and the vibrant coastal lifestyle. Whether seeking a charming seaside residence, an investment opportunity, or the flexibility of two separate living spaces, this exceptional Laguna Beach duplex offers a rare opportunity to experience the beauty and timeless character of coastal cottage living.

Location

676 Glenneyre Street

Laguna Beach, Orange, CA, 92651