Sq.Ft. Lot6,098
Year1949
Ryan Schramm
(949) 212-1433
Status:
Sold
Property Type:Duplex
MLS #:OC21166843
Date Sold:9/3/2021
Lot Size:6,098 Sq. Ft.
County:Orange
Listing Agent/Office
Agent:Mark Bridge
Office:Mark Bridge, Broker
We are pleased to present 533 Agate St located in beautiful Laguna Beach, CA. This garden style duplex was built in 1921 and 1949. It has been a family-owned, legacy property and consists of a two-bed, two-bath single story house and a separate one-bed, one-bath unit with a double garage. This is also a double lot with pitched roofs, four total parking spaces, and partial ocean views. The community boasts extremely inviting features thanks to the care of the current owners. The property is beautifully landscaped with a privacy hedge, grass sunbathing area, tenant garden, bird bath, BBQ, and private courtyard with a fireplace. The property has ocean views from upstairs and a new roof. Each unit has individual water heaters, washer/dryer hookups, and are separately metered for gas and electric.
The property is located just blocks from premiere beaches and coves that Laguna has to offer. The surrounding views include city, hillsides, the Pacific Ocean, Catalina, and famous Southern California Sunsets. Enjoy the benefits of central Laguna Beach living within walking distance, which include fine dining, world class art galleries, Agate Street beach, Arch Cove, Cactus Point, and easy access into and out of Laguna. This offering provides an investor the opportunity to acquire a well-maintained apartment duplex in a premier location in the highly coveted city of Laguna Beach. The local apartment supply and demand economics strongly favor apartment owners. This unique opportunity offers an investor quality tenants seeking a great neighborhood with convenient access to a wide variety of activities, transportation and retail amenities in a wonderful location. This overall demand for well-located apartments will be a key driver in the continued growth of this trophy asset in the highly prized Laguna Beach community.
The property is located just blocks from premiere beaches and coves that Laguna has to offer. The surrounding views include city, hillsides, the Pacific Ocean, Catalina, and famous Southern California Sunsets. Enjoy the benefits of central Laguna Beach living within walking distance, which include fine dining, world class art galleries, Agate Street beach, Arch Cove, Cactus Point, and easy access into and out of Laguna. This offering provides an investor the opportunity to acquire a well-maintained apartment duplex in a premier location in the highly coveted city of Laguna Beach. The local apartment supply and demand economics strongly favor apartment owners. This unique opportunity offers an investor quality tenants seeking a great neighborhood with convenient access to a wide variety of activities, transportation and retail amenities in a wonderful location. This overall demand for well-located apartments will be a key driver in the continued growth of this trophy asset in the highly prized Laguna Beach community.
Detailed Maps
Community Information
Address:533 Agate St, Laguna Beach, CA 92651
Area:LV - Laguna Village
County:Orange
City:Laguna Beach
Zip Code:92651
Architecture
Year Built:1949
Stories:1
Building Area: 1768.0
Number of Buildings: 2
Total Units: 2
Stories Total: 2
Unit 1: 1 Unit•2 Beds•2 Baths•Unfurnished•$3,400 actual rent•$3,400 total rent•$4,800 pro forma
Unit 2: 1 Unit•1 Bed•1 Bath•Unfurnished•$2,450 actual rent•$2,450 total rent•$3,200 pro forma
Roof: Composition, Shingle
Garage Spaces: 2.0
Features / Amenities
Appliances: Water Heater
Fireplace Features: Family Room, Gas
Laundry: Washer Hookup, Gas Dryer Hookup
Entry Level: 1
Common Walls: No Common Walls
Parking Features: Assigned, Garage
Open Parking Spaces: 2.0
Parking Total: 4.0
Property Features
Lot Size:
0.14 Acres / 6,098 Sq. Ft.
Lot Features: Item25UnitsAcre
View: Ocean
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Sewer: Public Sewer
Water: Public
Directions:Laguna Canyon Road to PCH, turn left
Tax and Financial Info
Buyer Financing: Cash
Gross Income: $70,200
Gross Scheduled Income: $70,200
Net Operating Income: $37,938
Gardener Expense: $1,348
Insurance Expense: $1,525
Maintenance Expense: $1,000
New Taxes Expense: $25,325
Water/Sewer Expense: $958
Operating Expense: $30,156
Terms: CashtoNewLoan
Schools
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Based on information from California Regional Multiple Listing Service, Inc. as of March 28, 2024. 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. IDX provided by Sierra Interactive.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.