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709 Gaviota Drive
Laguna Beach, CA 92651
An extraordinary location will almost always come with higher property values, higher appreciation rates and a better quality of life. This 4-PLEX investment opportunity is in the ideal Laguna Beach location. Primely positioned in the heart of town (Walkscore 94) on the ocean side of Coast Highway, one row from the Oceanfront. Endless views of the coastline in both directions....sand, white water, Catalina island and city lights. This property is surrounded mostly by updated and high value SFRs. The floor plan configuration includes three one bedroom apartments and one studio unit. Zoned R3, if desired, the upper unit could be converted to one, top level owner's unit or two bedroom apartment. For 60 years, this property has been diligently maintained by the same family and now presents a rare opportunity for a new owner. All systems are functional. Recent structural steel foundation upgrade and new roof. Cosmetic improvements and surface upgrades would take this property to a whole new level. Rents are all currently under market value. Schedule a tour today. 24 hour notice required.
PROPERTY INFORMATION
| MLS # | LG24171221 | Lot Size | 3,049 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Quadruplex |
| Price | $ 4,245,000
Price Per SqFt: $ 1,791 |
DOM | 414 Days |
| Address | 709 Gaviota Drive | Type | Residential Income |
| City | Laguna Beach | Sq.Ft. | 2,370 Sq. Ft. |
| Postal Code | 92651 | Garage | 2 |
| County | Orange | Year Built | 1922 |
| Bed / Bath | 4 / 0 | Parking | 3 |
| Built In | 1922 | Status | Active |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | In Garage |
| Has Fireplace | Yes |
| Fireplace Information | Living Room |
| Has Heating | Yes |
| Heating Information | Combination |
| Room Information | Living Room |
| Has Cooling | No |
| Cooling Information | None |
| InteriorFeatures Information | 2 Staircases, Pantry |
| EntryLocation | Street |
| Entry Level | 1 |
| Has Spa | No |
| SpaDescription | None |
| SecuritySafety | Smoke Detector(s) |
EXTERIOR FEATURES
| ExteriorFeatures | Awning(s), Rain Gutters |
| FoundationDetails | Slab |
| Has Pool | No |
| Pool | None |
| Has Fence | Yes |
| Fencing | Wood |
WALKSCORE
Walk Score: 95 (Walker's Paradise)
Transit Score: 42 (Some Transit)MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $4,528
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 10/23/2024 | Price Change | $4,245,000 (-1.16%) |
| 08/19/2024 | Listed | $4,350,000 |
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Listing provided courtesy of Spencer Wall, Pacific Sotheby’s International Realty. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
