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2838 Wards Terrace, Laguna Beach, CA 92651
4
beds
3
baths
1850
ft2
· 2178
ft2 lot
$4,995,000
$2,700 / ft2
Listing provided courtesy of Mark Miller, Re/Max One.
Source CRMLS.
Three apartments located on the second row from Laguna's famous Victoria Beach! One unit in the rear is very private, and there are two additional units in front, one upstairs and one at street level. There are ocean views from the upstairs unit. This is an excellent opportunity to redevelop the property into a single family home, on a street with several ocean-front homes, or for continued use as income property. The two larger units in front may be combined into a single 2-level beach house, and the rear apartment may be used as a detached studio, office or gym. The three units currently generate $8,790 in monthly rents.
HOA
$0/month
On market
7 months
Year built
1927
Property type
Home
Parking
2
MLS
LG20197031
Price / Sq.Ft.
$2,700 / ft2
Status
Active
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Based on a price of $4,995,000
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$24,975
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$19,980
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Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: Individual Room
•   
Laundry: 1
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
•   
Room Information: Laundry, See Remarks
Fireplace Info
•   
Has Fireplaces
•   
Fireplace Details: Living Room
Interior Size
•   
Building Area Total: 1850.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Garage Spaces: 2.00
Property Features
•   
View: Hills, Ocean, Panoramic
•   
Property Condition: Fixer, Updated/Remodeled
•   
Common Walls: No Common Walls
Building Info
•   
Building Area Units: Square Feet
•   
Stories Total: 3
•   
Num Stories: Two
•   
Year Built Source: Assessor
Exterior Features
•   
Waterfront Features: Across the Road from Lake/Ocean, Ocean Side Of Highway 1
Lot Info
•   
Lot Features: Rectangular Lot
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.0500
•   
Lot Size Area: 2178.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 3
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 3
•   
Number Of Separate Gas Meters: 3
•   
Number Of Separate Water Meters: 1
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer, Sewer Paid
Assesments Information
•   
Assessments: Unknown
Listing Details, Costs & Financing Information
Financial Info
•   
Water Sewer Expense: 0.00
•   
Maintenance Expense: 2500.00
•   
Total Actual Rent: 8685.00
•   
Fuel Expense: 0.00
•   
Trash Expense: 0.00
•   
New Taxes Expense: 0.00
•   
Insurance Expense: 1500.00
•   
Total Expenses: 5000.00
•   
Gross Scheduled Income: 104220.00
•   
Tax Block: C
•   
Operating Expense: 5000.00
Tax/Assessment Info
•   
Gross Income: 104220.00
•   
Tax Year: 2020
•   
Taxes: 12617.0
Lease Info
•   
Net Operating Income: 99220.00
Listing Info
•   
Status: Active
Other
•   
Electric Expense: 0.00
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 2
•   
Unit 3 Actual Rent: 4000.00
•   
Unit 3 Total Units: 1
•   
Has Attached Garage
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Garage Spaces: 1.00
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 4000.00
Unit 2 Information
•   
Unit 2 Actual Rent: 3000.00
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Total Units: 1
•   
Has Attached Garage
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 0.00
•   
Unit 2 Total Rent: 3000.00
Unit 1 Information
•   
Unit 1 Bedrooms: 1
•   
Unit 1 Total Units: 1
•   
Has Attached Garage
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 1.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1685.00
•   
Unit 1 Total Rent: 1685.00
Multi Unit Information
•   
# Of Units: 3
School Neighborhood & Directions
Location
•   
Other Subdivision Name: Victoria Beach (VB)
•   
Subdivision: Victoria Beach (VB)
•   
Community Features: Watersports, Suburban
School Info
•   
Directions: PCH to Victoria to Dumond to Wards Terrace.
Other
Calculation
•   
Dom: 135
•   
Cdom: 135
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 21, 2021 6:26am
Neighborhood snapshot
195
Properties for sale
29
Median days on market
$1164.30
Median sold price/sqft
96.32%
Sold/List %
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Property History
09/21/2020
09/21/2020
CRMLS #LG20197031
active
CRMLS #LG20197031
$4,995,000
+593.75%
05/10/2000
05/10/2000
Public Record
sold
Public Record
$720,000
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