533 Agate St, Laguna Beach, CA 92651
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533 Agate St Laguna Beach, CA 92651

$2,499,000 Sold Price as of 09/03/2021
  • 3 Beds
  • 3 Baths
  • 1,768 Sq.Ft.
Sold
$2,499,000 Sold Price as of 09/03/2021 Refinance Your Mortgage

Map preview of 533 Agate St, Laguna Beach, CA 92651

Property Overview: 533 Agate St Laguna Beach, CA has 3 bedrooms, 3 bathrooms, 1,768 living square feet and 6,098 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present 533 Agate St located in beautiful Laguna Beach, CA. This garden style duplex was built in 1921 and 1949. It has been a family-owned, legacy property and consists of a two-bed, two-bath single story house and a separate one-bed, one-bath unit with a double garage. This is also a double lot with pitched roofs, four total parking spaces, and partial ocean views. The community boasts extremely inviting features thanks to the care of the current owners. The property is beautifully landscaped with a privacy hedge, grass sunbathing area, tenant garden, bird bath, BBQ, and private courtyard with a fireplace. The property has ocean views from upstairs and a new roof. Each unit has individual water heaters, washer/dryer hookups, and are separately metered for gas and electric. The property is located just blocks from premiere beaches and coves that Laguna has to offer. The surrounding views include city, hillsides, the Pacific Ocean, Catalina, and famous Southern California Sunsets. Enjoy the benefits of central Laguna Beach living within walking distance, which include fine dining, world class art galleries, Agate Street beach, Arch Cove, Cactus Point, and easy access into and out of Laguna. This offering provides an investor the opportunity to acquire a well-maintained apartment duplex in a premier location in the highly coveted city of Laguna Beach. The local apartment supply and demand economics strongly favor apartment owners. This unique opportunity offers an investor quality tenants seeking a great neighborhood with convenient access to a wide variety of activities, transportation and retail amenities in a wonderful location. This overall demand for well-located apartments will be a key driver in the continued growth of this trophy asset in the highly prized Laguna Beach community.

Listed by Mark Bridge | BRE #01316702 | Mark Bridge, Broker
Last checked: 13 minutes ago | Last updated: June 17th, 2023 | Source CRMLS | DOM: 17

Home details

Lot Sq. Ft
6,098
HOA Dues
$0/mo
Year built
1949
Garage
2 Car
Property Type:
Duplex
Status
Sold
MLS#
OC21166843
City
Laguna Beach
County
Orange
Time on Site
1064 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Leased Units: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,400
  • Total Rent: $3,400
  • Pro Forma/Market Rent: $4,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,450
  • Total Rent: $2,450
  • Pro Forma/Market Rent: $3,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $70,200
  • Net Operating Income: $37,938
  • Gross Operating Income: $68,094
  • Vacancy Allowance: $2,106
  • Gross Spendable Income: $37,938
Annual Expense Breakdown
  • Total Operating Expense: $30,156
  • New Taxes: $25,325
  • Trash: $0
  • Gardener: $1,348
  • Insurance: $1,525
  • Maintenance: $1,000
  • Water/Sewer: $958

Property Details for 533 Agate St

Interior Features
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Washer Hookup
Fireplace Information
  • Has Fireplace
  • Family Room, Gas
Kitchen Information
  • Has Appliances
  • Water Heater
Interior Features
  • Levels: One, Two
Exterior Features
Exterior Information
  • Roof: Composition, Shingle
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Assigned, Garage
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Ocean
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 64425511
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: North Laguna (NL)
  • Directions: Laguna Canyon Road to PCH, turn left
Neighborhood Information
  • Community Features: Biking, Curbs, Fishing, Hiking, Gutters, Park, Watersports, Sidewalks, Storm Drains, Street Lights, Suburban
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Local Laguna Beach Agent

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Sale History for 533 Agate St

Last sold for $2,499,000 on September 3rd, 2021
  • June, 2023

  • Jun 17, 2023

    Date

    Expired

    CRMLS: LG22143117

    $5,200

    Price

  • Jul 1, 2022

    Date

    Active

    CRMLS: LG22143117

    $5,900

    Price

  • Listing provided courtesy of CRMLS

    Welcome to 533 Agate Street - the perfect quaint beach cottage located in the highly coveted Woods Cove Neighborhood. A short jaunt to the beach, downtown, and everything Laguna has to offer, this beach rental is awaiting its perfect tenants. This unique residence boasts a large front yard with peek-a-boo ocean views and a private backyard that is ready for summer entertainment. Upon walking through the doors of 533 Agate Street, you are greeted by a vast open living space with plentiful light. To the right of the open living space is the sunroom - this could serve as the perfect office space or reading room! In addition to the beautiful, open living space, there is a quaint kitchen, two well-sized bedrooms, and two bathrooms. With a nice refresh - new flooring and new paint - this beach cottage is move-in ready! Don't miss out!

  • September, 2021

  • Sep 4, 2021

    Date

    Sold

    CRMLS: OC21166843

    $2,499,000

    Price

  • Aug 16, 2021

    Date

    Pending

    CRMLS: OC21166843

    $2,499,000

    Price

  • Jul 30, 2021

    Date

    Active

    CRMLS: OC21166843

    $2,499,000

    Price

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Tax History for 533 Agate St

Assessed Value (2020): $430,771
Year Land Value Improved Value Assessed Value
2020 $376,864 $53,907 $430,771

Home Value Compared to the Market

This property vs the competition

533 Agate St sold on September 3, 2021 for 13.83% lower than the current median sold price for the city of Laguna Beach which is $2,900,000. The median sold price per/sqft for Laguna Beach is $1,526 and this home is sold at $1413.46 per/sqft which puts the price per square foot 7.37% lower than the current median sale per square foot for the city of Laguna Beach.

About 533 Agate St

Detailed summary of property

533 Agate St is a duplex that recently sold in Laguna Beach, CA 92651. This duplex offered 3 bedrooms, 3 bathrooms, roughly 1,768 living square feet, and sits on an approximately 6,098 square foot lot. 533 Agate St was first listed on ArdentRealEstateGroup.com on July 30, 2021. The homeowner sold the property for $2,499,000. Home in Laguna Beach are selling for a median price of $2,900,000 and a median price per square foot of $1,526. Based on Ardent Real Estate Group's Laguna Beach Market Data, this home is sold 13.83% lower than the current median priced home. Local homes that are currently for sale include 12702 Morningside Ave, 12621 Morningside Ave and 12611 Morningside Ave. While the average home in Laguna Beach, CA is selling in 95 days, 533 Agate St has a days on market of 17 days. There are currently 183 homes for sale in the Laguna Beach real estate market and 165 of them are single family homes while 18 of them are condos and 0 are townhomes. For more information on this home for sale at 533 Agate 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 533 Agate St

Public county record property details
Beds
2
Baths
1
Year built
1921
Sq. Ft.
--
Lot Size
6,256
Stories
1
Type
Single Family Residential
Pool
No
Spa
No
County
Orange
Lot#
--
APN
644-255-11

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
$4,295,000
Median List Price/Sq.Ft.
$1,810
Median Sold Price
$2,900,000
Median Sold Price/Sq.Ft.
$1,526
Total Inventory
186
Median Sale to List Price %
96.83%
Avg Days on Market
84
Loan Type
Conventional (17.24%), FHA (3.45%), VA (0%), Cash (34.48%), Other (37.93%)

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Related Resources to 533 Agate St

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.