Sold

231 Cajon Street

Laguna Beach CA, 92651

$5,265,000


$1,995.83 per sqft

Sold

2,638 sqft

Multi-family

Built in 1936

Listed by Tyler Alter with Berkshire Hathaway HomeServices California Properties 949-499-5900

RARELY AVAILABLE, ONE-OF-A-KIND TROPHY PROPERTY. COMPLETELY FUNCTIONALLY AND AESTHETICALLY RENOVATED COTTAGES FURNISHED BY TUVALU HOME, SITTING ON A DOUBLE LOT JUST STEPS FROM TWO OF LAGUNA'S MOST SCENIC AND ICONIC COVES. Fully renovated 6-unit property in highly sought-after North Laguna Beach ideally located within blocks of beautiful Crescent Bay and Shaw's Cove beaches. Every last detail of this property has been meticulously designed and updated with luxurious finishes and incomparable attention to detail. A generational family compound or an investment opportunity with substantial, market-proven income, this double lot property offers a rare chance to own a piece of paradise just a stone's throw away from the sparkling Pacific Ocean. Come and see for yourself why this property is a must-see gem in Laguna Beach. This stunning trophy property comprises 6 units (231-241 Cajon), including four 1-bedroom, 1-bath freestanding "jewel box" open beam historic cottages with fireplaces (@ 435 sq ft each) and one 2-bedroom, 2-bath unit (@ 898 sq ft) with private deck and will include a new ADU (@ 548 sq ft ADU). The property sits on a rare and large double lot of @ 9,000 sq ft perfectly arranged surrounding a central courtyard featuring a fire pit and farmhouse "community" table perched beneath a heavy timber pergola perfect for coastal indoor-outdoor living. North Laguna Beach is known for its picturesque beaches, renowned art galleries, and vibrant culture. This area is a popular destination for both tourists and locals, making it an ideal location for a rental property or compound. Just a short walk to the beach, and close to all the shopping, dining, and entertainment that North Laguna has to offer. This property in one of a kind in its design and is ready to generate income from day one. Priced at just under $6 million, this property will not last long. Don't miss your chance to own a piece of paradise.

LG23029451

MLS ID

February 19, 2023

Listed

March 23, 2024

Updated

Map

231 Cajon Street
Laguna Beach CA, 92651

Interior Features

Laundry Description

Common Area


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.21 Acres


Sewer

Public Sewer

Other Property Details

Area Name

NL - North Laguna


Days on Market

145


Garage

No


Parking

Gravel


Parking Total

2


View

No


County

Orange


Water Source

Public


Pool

No


Pool Features

None


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

8/31/2023

Price Change

$5,265,000

-8%

8/31/2023

Sold

$5,265,000

7/26/2023

Under Contract

6/4/2023

Price Change

$5,695,000

-6%

Listing Contact: 949-499-5900 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/23/2024 at 1:16 AM UTC

 

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