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294 Chiquita Street

Laguna Beach, CA 92651
  • $2,595,000
  • STATUS: Active
  • ON SITE: 118 Days
  • ID#: LG23145868
UPDATED: 59 min ago
$2,595,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1952
County:

School Ratings & Info

Listing Agent(s): Christopher Tebbutt of Compass ()


Description

Rarely does an opportunity become available to purchase a corner lot on an upper street in sought-after North Laguna. With panoramic views of Catalina in front of you, and gorgeous coastline from Main Beach down to the Dana Point Headlands, this single-level duplex boasts an attached two car garage, private front yard, mature fruit trees, oversized basement storage and separate laundry room. As currently configured, each unit has 2 bedrooms and 1 bathroom, but the possibilities are endless and sure to increase its value in short order. Rent both. Live in one, rent the other. Connect inside to live as a single residence, perhaps modifying to create one larger home and a connected studio. Consider building a second story, doubling the living space and adding panoramic views. This unique property has all the best ingredients for investing in the magic of the Laguna Beach real estate market with significant upside and appreciation potential. And you can count on the first rule of real estate: Location, Location, Location. Walk to Crescent Beach, Divers Cove, Heisler Park, renowned art galleries, museum, restaurants, shopping, plus Laguna's famed hiking and biking trails right outside your front door.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-05T09:29:09.46. 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 deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.
www.twissrealty.com/homes/142237260
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294 Chiquita Street Laguna Beach, CA 92651

  • Price: $2,595,000
  • Status: Active
  • On Site: 118 Days
  • Updated: 59 min ago
  • ID#: LG23145868
0
Beds
0
Baths
0
½ Baths
0.1
Acres
1952
Built
Neighborhood:
North Laguna (Nl)
County:
Orange
Area:
NL - North Laguna
Property Description
Rarely does an opportunity become available to purchase a corner lot on an upper street in sought-after North Laguna. With panoramic views of Catalina in front of you, and gorgeous coastline from Main Beach down to the Dana Point Headlands, this single-level duplex boasts an attached two car garage, private front yard, mature fruit trees, oversized basement storage and separate laundry room. As currently configured, each unit has 2 bedrooms and 1 bathroom, but the possibilities are endless and sure to increase its value in short order. Rent both. Live in one, rent the other. Connect inside to live as a single residence, perhaps modifying to create one larger home and a connected studio. Consider building a second story, doubling the living space and adding panoramic views. This unique property has all the best ingredients for investing in the magic of the Laguna Beach real estate market with significant upside and appreciation potential. And you can count on the first rule of real estate: Location, Location, Location. Walk to Crescent Beach, Divers Cove, Heisler Park, renowned art galleries, museum, restaurants, shopping, plus Laguna's famed hiking and biking trails right outside your front door.
Exterior Features

Architectural Style Mid-Century Modern Construction Materials Stucco Entry Level 1 Entry Location 1 Fencing Chain Link Foundation Details Raised Lot Features 2-5 Units/AcreCorner LotFront YardGarden Number Of Separate Electric Meters 2 Open Parking Spaces 0 Parking Features Garage Parking Total 2 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Roof Shingle Spa Features None Spa YN No View CatalinaCity LightsHillsOcean View YN Yes

Interior Features

Accessibility Features None Appliances Gas RangeDryerWasher Basement YN Yes Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring CarpetVinyl Heating Wall Furnace Heating YN Yes Interior Features StorageTile CountersUnfurnished Window Features Blinds

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features FoothillsHikingPark Current Financing None Electric Standard Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 110000 Gross Scheduled Income 110000 Insurance Expense 1200 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Net Operating Income 80000 New Construction YN No Number Of Separate Gas Meters 2 Number Of Separate Water Meters 2 Operating Expense 30000 Possession Close Of Escrow Property Sub Type Duplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 500 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 1400 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-05T09:29:09.46. 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 deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.
 
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Twiss Realty Group - Brokered by EXP
5036 Highway 140
Mariposa CA, 95338
Listing Agent(s): Christopher Tebbutt of Compass ()