709 Gaviota Drive, Laguna Beach, CA 92651

$4,245,000 Asking Price

4 beds
4 baths
2,370  sqft
Built in 1922

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.

Features & Amenities

Interior

General:
Pantry
Laundry:
In Garage
A/C:
false, None
Heating:
true, Other
Fireplace:
Living Room, Fireplace
Disability Feature:
Other

Exterior

General:
Other
Style:
Traditional
Pool:
None
Parking:
Attached, Garage Faces Rear

Construction

General:
Stucco, Asphalt, 2, Slab

Location

HOA Amenities:
0.0
School District:
Laguna Beach Unified
County:
Orange

Lot

Zoning:
64402317
View:
City Lights, Water, Other, Ocean
Fencing:
Wood

Utilities

Water:
Public
Sewer:
Public Sewer

This listing courtesy of:
Pacific Sotheby’s International Realty, Spencer Wall

About Laguna Beach, CA

Housing

Number of Units
13,346
Median Home Value
$1,154,579
Median Rent
$2,022

35.96% of housing units are renter occupied.

16.92% are vacant.

Commute

Car
46.64%
Public Transportation
0.79%
Walk to Work
2.47%
Work from Home
49.25%
Other
0.64%

The median travel time to work is 15 minutes.

People

Population
24,228
Median Age
53.90
Median Household Size
2.47

Education

High School
8.52%
Associate’s Degree
5.97%
Bachelor’s Degree
38.41%
Graduate Degree
30.17%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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