Price Reduced Listing379 Aster,Laguna Beach, CA 92651
Laguna Beach, CA 92651
Description
Discover a truly exceptional trophy property, a rare investment opportunity in the heart of North Laguna Beach. Offered for the first time in years, this unique multi-family estate is set on an expansive, park-like lot featuring lush lawns, mature trees, and beautifully landscaped grounds that create a peaceful retreat just moments from the ocean. The property consists of three well-maintained residential buildings: two charming single-level duplexes and a triplex situated above five private garages with convenient rear alley access. The two duplexes each offer spacious one-bedroom bungalow-style residences, while the triplex includes a studio, a generous one-bedroom apartment, and a large two-bedroom, one-bath residence. Each unit has been thoughtfully designed with abundant natural light, large windows, attractive hardwood floors, private outdoor patio space, and either a dedicated garage or reserved off-street parking. Residents also enjoy a shared laundry facility, while the duplex units include their own laundry hookups. With long-term tenants and historically low vacancy, the property has enjoyed consistent demand thanks to its tranquil setting and unbeatable location. Current rental rates are below market, presenting a compelling opportunity for future income growth while maintaining a highly desirable tenant base. Ideally located just two blocks from the iconic Heisler Park, the property is within easy walking distance of Main Beach, renowned art galleries, acclaimed restaurants, boutique shopping, and public transportation. Combining an irreplaceable location, stable income, and significant upside potential, this is a legacy asset rarely available in one of Laguna Beach's most sought-after neighborhoods.
Details
| MLS # | LG26142870 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1946 |
| Days On Site | 63 |
| Listing Provided By | Melinda Zoller, Broker | Melinda Zoller |
Features
| SQ Feet | 4,539 |
|---|---|
| Garage | 5 |
| Story(s) | 2 |
| Units | 7 |
| Building(s) | 3 |
| Acreage | 0.28 |
| Property View | Yes |
Interior
| Cooling | None |
|---|---|
| Heating | Natural Gas |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Appliances | Disposal, Gas Range, Refrigerator, Dryer, Washer |
| Fireplace Yes / No | Yes |
Exterior
| Roof | Composition |
|---|---|
| Foundation Details | Raised |
| Lot Features | Six To Ten Units Acre |
| Fencing | Wood |
Parking
| Parking Features | Assigned, Door Single, Garage, On Site, Private, One Space |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Utilities | Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
Location
| Community Features | Curbs, Street Lights, Suburban |
|---|
Area Information
| State | CA |
|---|---|
| County | Orange |
| City | Laguna Beach |
| Zip Code | 92651 |
| Area | NL North Laguna |
| Community Name | North Laguna (NL) |
| Listing VS Median (in North Laguna (NL)) | |
Price: $5,100,000 low | high Med: $5,100,000 sqft: 4,539 low | high Med: 4,539 $ / sqft: $1,124 low | high Med: $1,124 On site: 63 low | high Med: 63 | |
Market Activity 92651
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Learn More About This Property
| State | CA |
|---|---|
| County | Orange |
| City | Laguna Beach |
| Zip Code | 92651 |
| Area | NL North Laguna |
| Community Name | North Laguna (NL) |
| Listing VS Median (in North Laguna (NL)) | |
Price: $5,100,000 low | high Med: $5,100,000 sqft: 4,539 low | high Med: 4,539 $ / sqft: $1,124 low | high Med: $1,124 On site: 63 low | high Med: 63 | |