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    231 Cajon Street

    Laguna Beach, CA 92651
    • $3,995,000
    • STATUS: Active
    • ON SITE: 32 days
    • ID#: LG20196986
    UPDATED: 34 min ago
    $3,995,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,000
      SQFT
    • $1,332
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1936
    County:

    School Ratings & Info

    Description

    Your own private compound located just 2 blocks from the beach in prestigious North Laguna! Four cottages plus a carriage house (5 units total), and a 4-car garage, on 2 legal lots totaling 9,000 square feet. The 4 stand-alone bungalows are independent, each with about 470 square feet including one bedroom, a full bath, vaulted beamed ceilings, wood floors, fireplace and a full kitchen. In addition, there is a 2-bedroom carriage house above the garage featuring ocean views and a large deck. Altogether this property comprises 6 bedrooms, 5 bathrooms, 5 full kitchens, 5 living rooms, 4 fireplaces, the 4-car garage, a laundry room and a workshop. There is additional parking in the driveway and off the alley in the back. The lot is street-to-alley, and would support either one or two single family homes, or up to 5 multi-family units as it is currently configured. Live in one unit and collect income from the others, or connect them, or use them as detached studios, offices or guest rooms. Garage access could be easily moved to the alley, enabling the open space of the lot to be fully utilized: there is plenty of room for a spa, fire pit, bocce court... The possibilities are endless! All this just moments from Crescent Bay and Shaws Cove, plus all the shops and restaurants of North Laguna! The property currently generates over $11,500 in monthly income, all tenants have been long term and are currently on month-to-month leases.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-24T07:28:02.617. 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 The Marelly Group | Compass. Licensed in the State of California, USA.

    www.themarellygroup.com/homes/110233884
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    231 Cajon Street Laguna Beach, CA 92651

    • Price: $3,995,000
    • Status: Active
    • Updated: 34 min ago
    • ID#: LG20196986
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    3,000
    SQFT
    $1,332
    $/SQFT
    1936
    Built
    Neighborhood:
    North Laguna (Nl)
    County:
    Orange
    Area:
    NL - North Laguna
    Property Description
    Your own private compound located just 2 blocks from the beach in prestigious North Laguna! Four cottages plus a carriage house (5 units total), and a 4-car garage, on 2 legal lots totaling 9,000 square feet. The 4 stand-alone bungalows are independent, each with about 470 square feet including one bedroom, a full bath, vaulted beamed ceilings, wood floors, fireplace and a full kitchen. In addition, there is a 2-bedroom carriage house above the garage featuring ocean views and a large deck. Altogether this property comprises 6 bedrooms, 5 bathrooms, 5 full kitchens, 5 living rooms, 4 fireplaces, the 4-car garage, a laundry room and a workshop. There is additional parking in the driveway and off the alley in the back. The lot is street-to-alley, and would support either one or two single family homes, or up to 5 multi-family units as it is currently configured. Live in one unit and collect income from the others, or connect them, or use them as detached studios, offices or guest rooms. Garage access could be easily moved to the alley, enabling the open space of the lot to be fully utilized: there is plenty of room for a spa, fire pit, bocce court... The possibilities are endless! All this just moments from Crescent Bay and Shaws Cove, plus all the shops and restaurants of North Laguna! The property currently generates over $11,500 in monthly income, all tenants have been long term and are currently on month-to-month leases.
    Exterior Features

    Construction Materials Wood Siding Garage Spaces 4.00 Lot Features Back YardFront YardLot 6500-9999Rectangular LotNear Public TransitPark NearbyYard Lot Size Source Assessor Lot Size Units Square Feet Parking Features GarageRv Access/Parking Parking Total 4.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No Roof Composition View City LightsHillsOcean View YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features Wood BurningSee Remarks Fireplace YN Yes Flooring Wood Interior Features Beamed CeilingsHigh Ceilings Laundry Features Individual RoomOutside Levels OneTwo Room Type See RemarksUtility RoomWorkshop

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features CurbsHikingParkWatersportsSidewalksStreet LightsSuburban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 1320.00 Gross Income 141000.00 Gross Scheduled Income 141000.00 Insurance Expense 1341.00 Land Lease YN No Laundry YN Yes Maintenance Expense 4320.00 Net Operating Income 128445.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Operating Expense 12555.00 Other Income1 892.00 Professional Management Expense 0.00 Property Condition FixerUpdated/Remodeled Property Sub Type Single Family Residence Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other North Laguna (Nl) Supplies Expense 4682.00 Total Expenses 12555.00 Trash Expense 0.00 Water Sewer Expense 892.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Kenneth (Chris) Guziak of Residential Agent Inc. and Mark Miller of Re/Max One


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-24T07:28:02.617. 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 The Marelly Group | Compass. Licensed in the State of California, USA.

     
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    The Marelly Group | Compass
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003