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$4,995,000   Price Analysis
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304 Myrtle St
Laguna Beach, CA 92651
6 bed 6 bath 3,135 SqFt ($1593/SqFt)
6,329SqFt lot. Built 1942
Listed 2024-04-09, Taxes $5,750
Ⓧ USDA Ineligible
due to price & location

near Laguna Beach

Offered for the first time in over 80 years

This extremely rare, iconic Spnish-Revival property epitomizes the classic native California architecture and style. Located on a prime corner in North Laguna Beach, the most desirable part of town, within bloc ks of world-famous beaches, art galleries, restaurants and other nearby attractions. Offering an eclectic mix of one two-bedroom unit, four one-bedroom units, one studio, three one-car garages and a dedicated laundry room, there is an infinite demand for quality rental properties in Laguna Beach with an unusually high ceiling for rents - especially this close to the water.

Towering 100+ year-old palm trees sway in the ocean-breeze surrounding this trophy property. This is a unique investment property, the likes of which may not be appear again for a long time.


Presented by Dave Csira at
Cove Canyon Realty.
Listing Agent Photo

Property MLS #LG24070119 from CRMLS

Bedrooms: 6

High Ceilings
Flooring: Tile, Wood

Appliances: Dishwasher, Gas & Electric Range, Water Heater
Appliances YN: Yes
Laundry Features: Common Area

Full Bathrooms: 6

Heating Features: Combination
Heating: Yes

Lot Description: Corner Lot
Lot Size Acres: 0.1452938
Lot Size Source: Assessor
Lot Size Square Feet: 6329

Garage Spaces: 3
Parking Features: Parking YN: Yes, Parking Features: Garage Faces Rear, Garage - Three Door
Parking Total: 3

View: Peek-A-Boo

Number of Units: 6
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Unit-1 Garage Spaces: 2
Unit-2 Garage Spaces: 1

Calculated Total Monthly Association Fees: 0
Gardener Expense: 1800.00
Maintenance Expense: 1500.00

Tenant Pays: Electricity, Gas
Vacancy Allowance: 1250

Community Features: Curbs, Gutters, Storm Drains, Street Lights, Suburban

Source Listing Status: Active
County: Orange
Source Property Type: Residential Income
Insurance Expense: 4000.00
Area: NL - North Laguna
Source Neighborhood: North Laguna (NL)
Number of Separate Electric Meters: 4
Number of Separate Gas Meters: 1
Number of Separate Water Meters: 1
Parcel Number: 49613615
Postal Code Plus 4: 1533
Professional Management Expense: 10201.00
Subdivision: North Laguna (NL)
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$59,904 + $92,366
$152,270
$5,750
2021$58,730 + $90,555
$149,285
$5,483
2020$58,128 + $89,627
$147,755
$5,245
2019$56,989 + $87,869
$144,858
$5,042
2018$55,872 + $86,146
$142,018
$4,875
2017$54,777 + $84,457
$139,234
$4,689
2016$53,703 + $82,801
$136,504
$4,513
2015$52,897 + $81,557
$134,454
$4,353
2014$51,861 + $79,960
$131,821
$4,194
2013$51,627 + $79,599
$131,226
$4,093
2012$50,615 + $78,038
$128,653
$3,978
2011$49,623 + $76,508
$126,131
$3,862
2010$49,253 + $75,936
$125,189
$3,783
2009$49,371 + $76,117
$125,488
$3,706
2008$48,403 + $74,625
$123,028
$3,603
2007$47,454 + $73,162
$120,616
$3,505

Listing removed 2024-05-20
$3,950
CRMLS
Listed for rent 2024-04-17
$3,950
CRMLS
Listed 2024-04-09
$4,995,000
CRMLS
Listing removed 2019-10-03
$2,560
CRMLS

Net Operating Income: 126539.00

Total Square Feet Living: 3135
Year Built: 1942
Building Features: 1
Common Walls: 2+ Common Walls
Construction Materials: Stucco
Entry Level: 1
Entry Location: 1
Foundation Details: Slab
Property Age: 82
Property Attached: Yes
Roof: Spanish Tile
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Commercial/Residential
House Style: Spanish
Year Built Source: Assessor

Electric: Standard
Sewer: Sewer: Sewer Paid, Water Sewer Expense: 1400.00
Electricity Connected
Natural Gas Connected
Sewer Connected
Water Connected
Water Source: Public

Laguna Beach High School is a public high school located approximately 1 miles away.
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Thurston Middle School is a public middle school located approximately 1.6 miles away.
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El Morro Elementary School is a public elementary school located approximately 2.3 miles away.
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LEA Stone is a private elementary school located approximately 0.9 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.