533 Agate Street, Laguna Beach, CA 92651

$2,499,000
Sold Price
$2,499,000
List Price
$2,499,000
Closing Date
Sep 03, 2021
Status
CLOSED
MLS#
OC21166843
Year Built
1949
Lot Size
6,098
Acres
0.14
Lot Location
Item25UnitsAcre
Days on Market
0
Property Type
Single Family Residential
Property Sub Type
Duplex
Stories
One Level, Two Levels
Neighborhood
North Laguna (Nl)

Property Description

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.

Additional Information

Appliances
Water Heater
Pool Description
None
Fireplace Description
Family Room, Gas
View
Ocean
Roof
Composition, Shingle
Garage Spaces Total
2
Sewer
Public Sewer
Water
Public
Number Of Units Total
2
Gross Scheduled Income
$70,200
Operating Expense
30156

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Mark Bridge from Mark Bridge, Broker

Listing sold by Nicholas Hooper from Compass

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.