World Famous Laguna Beach 7,500 SQ FT LOT Walk 2 Main Beach Laguna! 2BR cottage

1595 Arroyo Dr, Laguna Beach, CA 92651

$2,000,000 After Repair Value -
$1,299,000 Asking Price -
$5,000 Cost of Repairs =
$696,000 Potential Profit

Property Details

Asking Price $1,299,000

After Repair Value $2,000,000

Costs of Repairs $5,000

Potential Profit $696,000

Living Area 800 ft2

Property Type Single Family House

Bedrooms 2

Bathrooms 1

Half Bathrooms N/A

Parking 1

Listed with Agent 1

EPI (Estimated Potential Income)

Potential Rental Income $4,200

Yearly Expenses $2,520

Property Taxes $4,708

Net Operating Income $50,400

Cap Rate N/A

Property Description

Cozy cottage by the sea nestled on a 7,500 Sq Ft Lot, 2 Bedroom, 1 bath, 1 car detached garage, cul-d-sac. Literally under half mile walk to Sawdust Festival, walking distance to Pageant of the Masters and World Famous Laguna Beach main beach! ADU possible, HUGE LOT with HUGE potential! Location, Location, Location! This is the ONLY 7,500 Sq Ft lot under $2Million. Under all is the land! Laguna Beach is a unique city, unique style, nothing quite like Laguna! First time offered for sale in decades! Three Percent SOC offered ZILLOW HOME VALUE INDEX $3,243,143 Today Nov 26, 2022 for zip code 92651

Repairs Needed

Paint & carpet, exterior paint, roof repair, this could be a remodel with the garage converted to an ADU. The city is mandated to expedite the ADU applications. Please do not contact occupant.


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