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319 3rd St, Laguna Beach, CA 92651
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319 3rd St Laguna Beach, CA 92651

$1,200,000 Sold Price as of 09/01/2021
  • -- Beds
  • -- Baths
  • 1,200 Sq.Ft.
Sold
$1,200,000 Sold Price as of 09/01/2021 Refinance Your Mortgage
Map preview of 319 3rd St, Laguna Beach, CA 92651

Property Overview: 319 3rd St Laguna Beach, CA has -- bedrooms, -- bathrooms, 1,200 living square feet and 1,307 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The 3rd Street office building is an ideal opportunity for a real estate investor to take advantage of purchasing a quality office building located in the heart of Laguna Beach. A major advantage of the 3rd Street property is the ability to purchase as an investment or utilize the space as a personal office. The properties current rent levels are slightly below market, allowing the ability for the new owner to take advantage of increasing rents to market levels. The 3rd Street Offices at Laguna is the perfect office investment opportunity with projected long-term market stability, positive rental growth fundamentals, outstanding sub-market beach location, tax and long-term appreciation benefits.

Listed by Peter Hauser | BRE #00856966 | Avison Young – Southern CA LTD
Last checked: 6 minutes ago | Last updated: June 6th, 2023 | Source CRMLS | DOM: 73

Home details

Lot Sq. Ft
1,307
HOA Dues
$0/mo
Year built
1954
Garage
--
Property Type:
Other
Status
Sold
MLS#
21734522
City
Laguna Beach
County
Orange
Time on Site
349 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: --
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.2%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $53,472
  • Net Operating Income: $38,346
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 319 3rd St

Lot Details / Garage and Parking
Property Information
  • Parcel Number: 64126402
Location / Neighborhood
Location Information
  • Directions: The property is located conveniently near City hall and within a short walk to downtown and main beach. Tenants enjoy being located near the ocean, while being located within a short distance to all the major entertainment venues and the top employment centers of Orange County.
View more facts & features

Local Laguna Beach Agent

Sale History for 319 3rd St

Last sold for $1,200,000 on September 1st, 2021

  • September, 2021

  • Sep 1, 2021

    Date

    Sold

    CRMLS: 21734522

    $1,200,000

    Price

  • May 20, 2021

    Date

    Active

    CRMLS: 21734522

    $1,200,000

    Price

Tax History for 319 3rd 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

319 3rd St sold on September 1, 2021 for 66.97% lower than the current median sold price for the city of Laguna Beach which is $3,330,000. The median sold price per/sqft for Laguna Beach is $1,531 and this home is sold at $916.67 per/sqft which puts the price per square foot 40.13% lower than the current median sale per square foot for the city of Laguna Beach.

About 319 3rd St

Detailed summary of property

319 3rd St is a other that recently sold in Laguna Beach, CA 92651. This property offered -- bedrooms, -- bathrooms, roughly 1,200 living square feet, and sits on an approximately 1,307 square foot lot. 319 3rd St was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $1,200,000. Home in Laguna Beach are selling for a median price of $3,330,000 and a median price per square foot of $1,531. Based on Ardent Real Estate Group's Laguna Beach Market Data, this home is sold 66.97% lower than the current median priced home. Local homes that are currently for sale include 1463 N Hollenbeck Ave, 18805 Moss Rd and 5754 Tilton Ave. While the average home in Laguna Beach, CA is selling in 91 days, 319 3rd St has a days on market of 73 days. There are currently 168 homes for sale in the Laguna Beach real estate market and 151 of them are single family homes while 17 of them are condos and 0 are townhomes. For more information on this home for sale at 319 3rd 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 319 3rd 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.
$1,805
Median Sold Price
$3,330,000
Median Sold Price/Sq.Ft.
$1,531
Total Inventory
167
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%)

Thinking of Selling?

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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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