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$2,995,000   Price Analysis
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363 Cleo St
Laguna Beach, CA 92651
4 bed 4 bath 2,600 SqFt ($1151/SqFt)
9,583SqFt lot. Built 1992
Listed 2024-03-14, Taxes $8,821
Ⓧ USDA Ineligible
due to price & location

near Laguna Beach

EXCELLENT VALUE FOR A SPACIOUS DUPLEX ON A LARGE LOT JUS T MINUTES FROM THE BEACH AND LAGUNA'S HIP DISTRICT.

THE UNITS ARE SIDE BY SIDE WITH NO-ONE ABOVE OR BELOW AND EACH UNIT OFFERS TWO LARGE BEDROOMS, TWO BATHS, FIREPLACE IN LIVING ROOM, OPEN KITCHEN, DINING AND LOTS OF LIGHT AND PRIVACY. EACH UNIT HAS AN ATTACHED 2-CAR GARAGE AND FEELS LIKE A SEPARATE CONDO/TOWNHOME. Incredible investment opportunity in prime section of Laguna's iconic Village or live in one unit and rent the other.

Both units are currently rented and the owner wants to respect the Tenant's privacy. As such, there will be no preview or open house and showings will require a written offer (obviously subject to buyer's sole approval after inspection). Designed by Morris Sknderian this property has never before been for sale. Call listing agent for more information or general descriptions. BUYER TO COOPERATE WITH SELLER'S 1031 TAX DEFERRED EXCHANGE ALL EXPENSE NUMBERS AND THE PROFORMA RENTS ARE ESTIMATES ONLY. SQUARE FOOTAGES ARE ESTIMATED.


Presented by Mark Christy at
Berkshire Hathaway HomeServices.


Property MLS #LG24051221 from CRMLS

Bedrooms: 4

Appliances: Built-In Range, Dishwasher, Disposal
Appliances YN: Yes
Laundry Features: In Garage

Full Bathrooms: 4

Fireplace Features: Living Room
Heating Features: Forced Air
Heating: Yes

Other Structures: Two On A Lot

Lot Description: Cul-De-Sac, Lot 6500-9999, Irregular Lot, Near Public Transit
Lot Size Acres: 0.2199954
Lot Size Source: Assessor
Lot Size Square Feet: 9583

Garage Spaces: 4
Parking Features: Parking YN: Yes, Parking Features: Assigned
Parking Total: 8

Number of Units: 2
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 2
Unit-1 Garage Spaces: 2
Unit-2 Garage Spaces: 2

Calculated Total Monthly Association Fees: 0

Tenant Pays: Cable TV, Electricity, Gas, Telephone
Vacancy Allowance: 3339

Community Features: Street Lights

Source Listing Status: Active
County: Orange
Source Property Type: Residential Income
Insurance Expense: 3000.00
Area: LV - Laguna Village
Source Neighborhood: The Village (VIL)
Number of Separate Electric Meters: 2
Number of Separate Gas Meters: 2
Number of Separate Water Meters: 1
Parcel Number: 64403408
Postal Code Plus 4: 2413
Subdivision: The Village (VIL)
Trash Expense: 400.00
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$468,118 + $205,191
$673,309
$8,821
2021$458,940 + $201,167
$660,107
$8,554
2020$454,235 + $199,104
$653,339
$8,356
2019$445,329 + $195,200
$640,529
$8,169
2018$436,598 + $191,372
$627,970
$7,984
2017$428,038 + $187,619
$615,657
$7,794
2016$419,646 + $183,940
$603,586
$7,614
2015$413,343 + $181,177
$594,520
$7,462
2014$405,247 + $177,628
$582,875
$7,299
2013$403,416 + $176,825
$580,241
$7,244
2012$395,506 + $173,358
$568,864
$7,101
2011$387,751 + $169,959
$557,710
$6,951
2010$384,854 + $168,688
$553,542
$6,942
2009$385,769 + $169,089
$554,858
$6,928
2008$378,205 + $165,774
$543,979
$6,770
2007$370,790 + $162,523
$533,313
$6,652

Listed 2024-03-14
$2,995,000
CRMLS
Listing removed 2019-10-03
$4,295
CRMLS
Listing removed 2019-04-21
$4,250
CRMLS
Listed for rent 2019-04-03
$4,295
CRMLS

Net Operating Income: 74571.00

Total Square Feet Living: 2600
Year Built: 1992
Building Features: 1
Common Walls: 1 Common Wall
Construction Materials: Plaster
Entry Level: 1
Entry Location: 1
Property Age: 32
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Duplex
Year Built Source: Assessor

Sewer: Sewer: Public Sewer, Water Sewer Expense: 600.00
Cable Connected
Electricity Connected
Natural Gas Connected
Water Source: Public

Laguna Beach High School is a public high school located approximately 0.3 miles away.
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Thurston Middle School is a public middle school located approximately 1.1 miles away.
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Top Of The World Elementary School is a public elementary school located approximately 1.6 miles away.
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Laguna Beach Montessori School is a private elementary school located approximately 0 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.