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231 Cajon St, Laguna Beach, CA 92651
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231 Cajon St Laguna Beach, CA 92651

$5,265,000 Sold Price as of 08/31/2023
  • 7 Beds
  • 7 Baths
  • 2,638 Sq.Ft.
Sold
$5,265,000 Sold Price as of 08/31/2023 Refinance Your Mortgage
Map preview of 231 Cajon St, Laguna Beach, CA 92651

Property Overview: 231 Cajon St Laguna Beach, CA has 7 bedrooms, 7 bathrooms, 2,638 living square feet and 8,999 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Tyler Alter | BRE #02126524 | Berkshire Hathaway HomeServices California Properties
Co-listed by Mark Christy | BRE #00776546 | Berkshire Hathaway HomeServices California Properties
Last checked: 15 minutes ago | Last updated: September 1st, 2023 | Source CRMLS | DOM: 145

Home details

Lot Sq. Ft
8,999
HOA Dues
$0/mo
Year built
1936
Garage
--
Property Type:
Mixed Use
Status
Sold
MLS#
LG23029451
City
Laguna Beach
County
Orange
Time on Site
423 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 5
  • # of Leased Units: 5
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Furnished
  • Actual Rent: $5,296
  • Total Rent: $5,296
  • Pro Forma/Market Rent: $5,300
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Furnished
  • Actual Rent: $5,296
  • Total Rent: $5,296
  • Pro Forma/Market Rent: $5,300
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Furnished
  • Actual Rent: $4,500
  • Total Rent: $4,500
  • Pro Forma/Market Rent: $5,300
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Furnished
  • Actual Rent: $6,350
  • Total Rent: $6,350
  • Pro Forma/Market Rent: $6,350
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Furnished
  • Actual Rent: $5,296
  • Total Rent: $5,296
  • Pro Forma/Market Rent: $5,300
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Furnished
  • Total Rent: --
  • Pro Forma/Market Rent: $3,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.5%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $306,552
  • Net Operating Income: $268,992
  • Gross Operating Income: $306,552
  • Vacancy Allowance: $12,360
  • # of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Rental Income: $0
  • Laundry Income: $0
  • Laundry Own/Lease: Own
  • Other Income Description: Coin Laundry installed
Annual Expense Breakdown
  • Total Operating Expense: $25,200
  • Trash: $0
  • Cable TV: $1,200
  • Gardener: $5,400
  • Insurance: $13,000
  • Maintenance: $2,000
  • Professional Management: $0
  • Water/Sewer: $3,600

Virtual Tour

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Property Details for 231 Cajon St

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Multi/Split
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Gravel
Lot Information
  • Lot Features: Lot 6500-9999
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 6
  • Parcel Number: 05312409
  • Year Built Source: Estimated
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: From PCH, Turn onto Cajon St. property is on the right side.
Neighborhood Information
  • Community Features: Hiking
View more facts & features

Local Laguna Beach Agent

Sale History for 231 Cajon St

Last sold for $5,265,000 on August 31st, 2023

  • August, 2023

  • Aug 31, 2023

    Date

    Sold

    CRMLS: LG23029451

    $5,265,000

    Price

  • Feb 23, 2023

    Date

    Active

    CRMLS: LG23029451

    $5,995,000

    Price

  • March, 2023

  • Mar 8, 2023

    Date

    Expired

    CRMLS: LG22237935

    $4,900

    Price

  • Nov 10, 2022

    Date

    Active

    CRMLS: LG22237935

    $5,200

    Price

  • Listing provided courtesy of CRMLS

    Perfectly situated in the heart of North Laguna, this block from the beach cottage is located a quick stroll to downtown. This iconic Laguna Beach coastal cottage is completely remodeled and comes fully furnished. Massive ocean views, abundance of natural light with your own private courtyard. Completely renovated kitchen with large windows opening to the ocean view. Beautiful hardwood floors, custom tile and original “Laguna Board” vaulted ceiling. The large outdoor private courtyard is ideal to watch the sunset. Walk to shopping, grocery stores, restaurants, iconic Laguna galleries and beaches! The compound courtyard includes a massive farmhouse table under a pergola, bbq and Adirondack chairs around a fire-pit. Once you move in you may never want to leave!!

  • May, 2021

  • May 2, 2021

    Date

    Expired

    CRMLS: LG20195255

    $3,995,000

    Price

  • Sep 20, 2020

    Date

    Active

    CRMLS: LG20195255

    $3,995,000

    Price

  • Listing provided courtesy of CRMLS

    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 $11,750 in monthly income, all tenants have been long term and are currently on month-to-month leases.

  • May, 2021

  • May 2, 2021

    Date

    Expired

    CRMLS: LG20196986

    $3,995,000

    Price

  • Sep 21, 2020

    Date

    Active

    CRMLS: LG20196986

    $3,995,000

    Price

  • Listing provided courtesy of CRMLS

    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.

  • January, 2020

  • Jan 7, 2020

    Date

    Leased

    CRMLS: LG19175285

    $2,995

    Price

  • Oct 19, 2019

    Date

    Price Change

    CRMLS: LG19175285

    $2,995

    Price

  • Oct 3, 2019

    Date

    Price Change

    CRMLS: LG19175285

    $3,295

    Price

  • Sep 25, 2019

    Date

    Price Change

    CRMLS: LG19175285

    $3,595

    Price

  • Jul 24, 2019

    Date

    Active

    CRMLS: LG19175285

    $3,895

    Price

  • Listing provided courtesy of CRMLS

    This property is an incredible value at this price. Highly desirable North Laguna location. 237 Cajon is a clean and charming vintage 2 BR Ocean view cottage with brand new wood flooring and upgraded kitchen. A bonus medium size room included, could be office or small bedroom. New stove. Designated Parking area. Great neighborhood. 1 1/2 Blocks to Crescent Bay Beach. Trolley stop nearby. Wonderful ocean view deck. No common walls. No one above or below. Available now. Call anytime for an appointment to show.

  • September, 2019

  • Sep 25, 2019

    Date

    Leased

    CRMLS: LG19160171

    $2,195

    Price

  • Jul 20, 2019

    Date

    Price Change

    CRMLS: LG19160171

    $2,195

    Price

  • Jul 10, 2019

    Date

    Price Change

    CRMLS: LG19160171

    $2,295

    Price

  • Jul 8, 2019

    Date

    Active

    CRMLS: LG19160171

    $2,395

    Price

  • Listing provided courtesy of CRMLS

    Come live in North Laguna. This is a Charming, Vintage Beach Cottage. Hardwood Flooring, Fireplace, High Beamed ceilings, Remodeled Kitchen, Cottage Cabinets, peek ocean view, new refrigerator and stove, garbage disposal, off street assigned parking space and shared laundry. One bedroom fits a queen size bed and nightstand. Built-in closet and drawers. Small enclosed back yard. Ceiling fan. Convenient Location, 1 Block to Crescent Bay Beach, close to Trolley. Live in Fabulous North Laguna, away from the crowds, but close enough to enjoy all Laguna Beach has to offer.

  • July, 2019

  • Jul 28, 2019

    Date

    Leased

    CRMLS: LG19166074

    $2,195

    Price

  • Jul 23, 2019

    Date

    Pending

    CRMLS: LG19166074

    $2,195

    Price

  • Jul 20, 2019

    Date

    Price Change

    CRMLS: LG19166074

    $2,195

    Price

  • Jul 13, 2019

    Date

    Active

    CRMLS: LG19166074

    $2,295

    Price

  • Listing provided courtesy of CRMLS

    Charming Vintage Cottage in North Laguna. Hardwood Flooring, Fireplace, Open High Beam Ceilings, Cottage Cabinet's, assigned off street parking space and shared laundry. One Bedroom fits a queen sized bed and nightstand. Built in closet and drawers. Small side yard. Ceiling fan. Great N. Laguna Location, 1 Block to Crescent Bay Beach. Close to Trolley. No pets.

  • August, 2018

  • Aug 2, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • April, 2003

  • Apr 25, 2003

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 231 Cajon St

Assessed Value (2020): $1,834,183
Year Land Value Improved Value Assessed Value
2020 $1,719,367 $114,816 $1,834,183

Home Value Compared to the Market

This property vs the competition

231 Cajon St sold on August 31, 2023 for 107.09% higher than the current median sold price for the city of Laguna Beach which is $2,750,000. The median sold price per/sqft for Laguna Beach is $1,833 and this home is sold at $2158.83 per/sqft which puts the price per square foot 17.78% higher than the current median sale per square foot for the city of Laguna Beach.

About 231 Cajon St

Detailed summary of property

231 Cajon St is a mixed use that recently sold in Laguna Beach, CA 92651. This mixed use property offered 7 bedrooms, 7 bathrooms, roughly 2,638 living square feet, and sits on an approximately 8,999 square foot lot. 231 Cajon St was first listed on ArdentRealEstateGroup.com on February 21, 2023. The homeowner sold the property for $5,265,000. Home in Laguna Beach are selling for a median price of $2,750,000 and a median price per square foot of $1,833. Based on Ardent Real Estate Group's Laguna Beach Market Data, this home is sold 107.09% higher than the current median priced home. Local homes that are currently for sale include 1141 N Mission Rd, 1210 Magnolia Ave and 423 N Harvard Blvd. While the average home in Laguna Beach, CA is selling in 100 days, 231 Cajon St has a days on market of 145 days. There are currently 160 homes for sale in the Laguna Beach real estate market and 140 of them are single family homes while 20 of them are condos and 0 are townhomes. For more information on this home for sale at 231 Cajon St Laguna Beach, CA 92651 contact Ardent Real Estate Group and we will put you in touch with one of our Laguna Beach agents.

Public Facts for 231 Cajon St

Public county record property details
Beds
2
Baths
1
Year built
1937
Sq. Ft.
736
Lot Size
8,709
Stories
1
Type
Single Family Residential
Pool
No
Spa
No
County
Orange
Lot#
--
APN
053-124-09

The source for these homes facts are from public records.

92651 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$4,250,000
Median List Price/Sq.Ft.
$1,707
Median Sold Price
$2,750,000
Median Sold Price/Sq.Ft.
$1,833
Total Inventory
161
Median Sale to List Price %
85.94%
Avg Days on Market
70
Loan Type
Conventional (18.18%), FHA (0%), VA (0%), Cash (40.91%), Other (31.82%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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, 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.

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