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603 Griffith Way, Laguna Beach, CA 92651
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603 Griffith Way Laguna Beach, CA 92651

$1,900,000 Sold Price as of 07/14/2020
  • 6 Beds
  • 5 Baths
  • 2,690 Sq.Ft.
Sold
$1,900,000 Sold Price as of 07/14/2020 Refinance Your Mortgage
Map preview of 603 Griffith Way, Laguna Beach, CA 92651

Property Overview: 603 Griffith Way Laguna Beach, CA has 6 bedrooms, 5 bathrooms, 2,690 living square feet and 7,317 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Charming multi-unit property with strong rental history poses a wonderful investment opportunity in the heart of the Village! Located at the end of a cul-de-sac, this property features three updated units, two consisting of 2 bedrooms and 2 baths approx. 950 sf each, and one consisting of 2 bedrooms and 1 bath approx 800sf, each with its own garage parking spot, separate driveway parking spot, and tranquil outdoor area. Two upper units feature large balconies and lower unit features private patio. Prime, quiet location close to downtown and all Laguna Beach has to offer!

Listed by Andrea Ballesteros | BRE #01246320 | Coldwell Banker Realty
Last checked: 7 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 124

Home details

Lot Sq. Ft
7,317
HOA Dues
$0/mo
Year built
1964
Garage
3 Car
Property Type:
Triplex
Status
Sold
MLS#
LG19286467
City
Laguna Beach
County
Orange
Time on Site
1392 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Leased Units: 3
  • # of Electric Meters: 1
  • # of Gas Meters: 1
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,645
  • Total Rent: $2,645
  • Pro Forma/Market Rent: $2,950
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,645
  • Total Rent: $2,645
  • Pro Forma/Market Rent: $2,950
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,600
  • Total Rent: $2,600
  • Pro Forma/Market Rent: $2,850
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $0
  • Net Operating Income: $57,577
  • Gross Operating Income: $93,780
Annual Expense Breakdown
  • Total Operating Expense: $33,389
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $23,529
  • Trash: $0
  • Gardener: $1,760
  • Insurance: $3,799
  • Water/Sewer: $1,601

Property Details for 603 Griffith Way

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Radiant
Laundry Information
  • Has Laundry
  • Common Area, In Closet
Interior Features
  • Levels: Two
  • Door Features: French Doors, Sliding Doors
Exterior Features
Exterior Information
  • Lighting, Rain Gutters
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Assigned, Driveway, Garage, Garage Faces Front
Lot Information
  • Lot Features: Back Yard, Cul-De-Sac, Front Yard, Up Slope from Street
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Peek-A-Boo
  • Common Walls: 2+ Common Walls
  • Total # of Units: 3
  • Parcel Number: 64411122
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Private Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: The Village (VIL)
  • Directions: PCH to Thalia, left on Wendt Terrace, left on Griffith, right to stay on Griffith to end of cul-de-sac.
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Laguna Beach Agent

Sale History for 603 Griffith Way

Last sold for $1,900,000 on July 14th, 2020

  • July, 2020

  • Jul 20, 2020

    Date

    Sold

    CRMLS: LG19286467

    $1,900,000

    Price

  • Jul 6, 2020

    Date

    Pending

    CRMLS: LG19286467

    $2,000,000

    Price

  • May 9, 2020

    Date

    Active Under Contract

    CRMLS: LG19286467

    $2,000,000

    Price

  • Feb 23, 2020

    Date

    Active

    CRMLS: LG19286467

    $2,000,000

    Price

  • Feb 7, 2020

    Date

    Active Under Contract

    CRMLS: LG19286467

    $2,000,000

    Price

  • Jan 2, 2020

    Date

    Active

    CRMLS: LG19286467

    $2,000,000

    Price

  • December, 2019

  • Dec 3, 2019

    Date

    Canceled

    CRMLS: 19516108

    $2,100,000

    Price

  • Oct 1, 2019

    Date

    Active

    CRMLS: 19516108

    $2,100,000

    Price

  • Listing provided courtesy of CRMLS

    603-05 Griffith Way is a well maintained investment property located in the "Village" of Laguna Beach at the end of the cul-de-sac on Griffith Way. This triplex consists of two buildings with all 2 bedroom units having an average unit size of 912 SQFT and a lot size of approx. 6,098 SF. There is ample parking for tenants with 3 single garage spaces, and 3 open spaces. Tenants can enjoy a community patio area and there is a laundry room on-site.

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Tax History for 603 Griffith Way

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

603 Griffith Way sold on July 14, 2020 for 39.94% 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 $743.49 per/sqft which puts the price per square foot 51.44% lower than the current median sale per square foot for the city of Laguna Beach.

About 603 Griffith Way

Detailed summary of property

603 Griffith Way is a triplex that recently sold in Laguna Beach, CA 92651. This triplex offered 6 bedrooms, 5 bathrooms, roughly 2,690 living square feet, and sits on an approximately 7,317 square foot lot. 603 Griffith Way was first listed on ArdentRealEstateGroup.com on July 11, 2020. The homeowner sold the property for $1,900,000. 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 39.94% lower than the current median priced home. Local homes that are currently for sale include 2097 Wallace Ave, 2976 Royal Palm Dr and 17061 Whitby Cir. While the average home in Laguna Beach, CA is selling in 94 days, 603 Griffith Way has a days on market of 124 days. There are currently 161 homes for sale in the Laguna Beach real estate market and 141 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 603 Griffith Way 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 603 Griffith Way

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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