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304 Myrtle St, Laguna Beach, CA 92651
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304 Myrtle St Laguna Beach, CA 92651

$4,995,000
  • 6 Beds
  • 6 Baths
  • 3,135 Sq.Ft.
For Sale
$4,995,000 Get Pre-Qualified
Map preview of 304 Myrtle St, Laguna Beach, CA 92651

Property Overview: 304 Myrtle St Laguna Beach, CA has 6 bedrooms, 6 bathrooms, 3,135 living square feet and 6,329 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Offered for the first time in over 80 years, this extremely rare, iconic Spanish-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 blocks 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 endless 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 very long time.

Listed by David Csira | BRE #01491451 | Cove Canyon Realty
Co-listed by Josephine Torbensen | BRE #02205761 | Laguna Beach Properties
Last checked: 4 minutes ago | Last updated: April 10th, 2024 | Source CRMLS | DOM: 16
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Home details

Lot Sq. Ft
6,329
HOA Dues
$0/mo
Year built
1942
Garage
3 Car
Property Type:
Mixed Use
Status
Active
MLS#
LG24070119
City
Laguna Beach
County
Orange
Time on Site
21 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $8,335
  • Total Rent: $8,335
  • Pro Forma/Market Rent: $13,252
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,740
  • Total Rent: $2,740
  • Pro Forma/Market Rent: $4,471
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,070
  • Total Rent: $1,070
  • Pro Forma/Market Rent: $2,243
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $145,740
  • Net Operating Income: $126,539
  • Gross Operating Income: --
  • Vacancy Allowance: $1,250
  • Laundry Income: $1,200
  • Laundry Own/Lease: Lease
Annual Expense Breakdown
  • Total Operating Expense: $19,201
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Gardener: $1,800
  • Insurance: $4,000
  • Maintenance: $1,500
  • Professional Management: $10,201
  • Water/Sewer: $1,400

Open Houses for 304 Myrtle St

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Property Details for 304 Myrtle St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Combination
Laundry Information
  • Has Laundry
  • Common Area
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Tile, Wood
Kitchen Information
  • Has Appliances
  • Dishwasher, Gas & Electric Range, Water Heater
Interior Features
  • High Ceilings
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Spanish Tile
  • No Fence
  • None
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Garage Faces Rear, Garage - Three Door
Lot Information
  • Lot Features: Corner Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Peek-A-Boo
  • Common Walls: 2+ Common Walls
  • Total # of Units: 6
  • Parcel Number: 49613615
  • Year Built Source: Assessor
  • Architectural Style: Spanish
  • Entry Level: 1
  • Foundation Details: Slab
  • Property is Attached
  • Accessibility Features: None
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Sewer Paid
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Special Assessments, Sewer Assessments
Location / Neighborhood
Location Information
  • Subdivision Name: North Laguna (NL)
  • Directions: PCH to Myrtle. At intersection of Myrtle and Cypress.
Neighborhood Information
  • Community Features: Curbs, Gutters, Storm Drains, Street Lights, Suburban
View more facts & features

Local Laguna Beach Agent

Sale History for 304 Myrtle St

Last leased for $2,560 on May 3rd, 2019

  • April, 2024

  • Apr 16, 2024

    Date

    Active

    CRMLS: LG24073319

    $3,950

    Price

  • Listing provided courtesy of CRMLS

    304 Myrtle is a coveted piece of real estate in a highly desirable North Laguna, embodying the relaxed yet sophisticated lifestyle for which the area is known. This 2-bedroom Spanish style apartment is nestled in one of Southern California's most picturesque coastal towns. Laguna Beach is renowned for its stunning beaches, artistic community, and upscale atmosphere, making it a desirable place to live. A large living room boasts high wood beamed ceilings and large windows offer an expanse view of the colorfully gardened neighborhood. A vintage kitchen includes a plenty of cabinet space, a refrigerator and oven/stove. In front, the large grass lawn is surrounded by lush landscaping on a corner lot. Miles of scenic coastline await across the street and the lively downtown area with top-notch restaurants, stores is a stroll away. Enjoy acres of trails of a natural preserve with hiking or mountain biking. This prime location is an easy drive into neighboring Orange County cities.

  • April, 2024

  • Apr 9, 2024

    Date

    Active

    CRMLS: LG24070119

    $4,995,000

    Price

  • May, 2019

  • May 3, 2019

    Date

    Leased

    CRMLS: LG19093605

    $2,560

    Price

  • Apr 24, 2019

    Date

    Active

    CRMLS: LG19093605

    $2,560

    Price

  • Listing provided courtesy of CRMLS

    Wonderful Spanish style building. Unit is in front of building with lots of windows & very light & bright. Living room with wood florring & high beam ceilings. Tiled entry. Kitchen with stove & frig. Two bedrooms carpeted & 1 bath.

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Tax History for 304 Myrtle St

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

304 Myrtle St is listed 17.53% higher than the median list price for the city of Laguna Beach which has a median list price of $4,250,000. The median price per/sqft for Laguna Beach is $1,759 and this home is listed at $1593.3 per/sqft which puts the price per square foot 9.42% lower than the median price per square foot for the city of Laguna Beach.

About 304 Myrtle St

Detailed summary of property

304 Myrtle St is a mixed use located in Laguna Beach, CA 92651 and is currently for sale. This mixed use property offers 6 bedrooms, 6 bathrooms, roughly 3,135 living square feet, and sits on an approximately 6,329 square foot lot. 304 Myrtle St was first listed on ArdentRealEstateGroup.com on April 9, 2024. The homeowner is currently asking $4,995,000. The median priced home in Laguna Beach is $4,250,000 with a median price per square foot of $1,759. Based on Ardent Real Estate Group's Laguna Beach Market Data, this home is listed 17.53% higher than the median priced home. Local competing homes currently for sale include 338 Cedar Ave, 278 N 11th Ave and 2195 Whittier Blvd. While the average home in Laguna Beach, CA is selling in 103 days, 304 Myrtle St has a days on market of 16 days. There are currently 159 homes for sale in the Laguna Beach real estate market and 139 of them are single family homes while 19 of them are condos and 1 are townhomes. For more information on this home for sale at 304 Myrtle 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 304 Myrtle St

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

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.
$1,759
Median Sold Price
$3,330,000
Median Sold Price/Sq.Ft.
$1,531
Total Inventory
159
Median Sale to List Price %
95.28%
Avg Days on Market
52
Loan Type
Conventional (24.14%), FHA (0%), VA (0%), Cash (48.28%), Other (27.59%)

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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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