1425 Hillcrest Dr | Laguna Beach, CA 92651
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1425 Hillcrest Dr
Laguna Beach, CA 92651
Multifamily Property For Sale · 4 Units
Investment Highlights
- Awesome ocean views!
- Great rental potential
- Easy beach access
Executive Summary
Ocean View Duplex in North Laguna Beach - A Unique Investment Opportunity Perched above the stunning Crescent Bay, this remarkable North Laguna Beach duplex offers an unparalleled coastal living experience with panoramic 180-degree views of the Pacific Ocean and Catalina Island. Just two blocks above Coast Highway, this prime location provides convenient access to the beach, making it an ideal spot for those who crave the quintessential Southern California lifestyle. Recently renovated and approximately 90% complete, this duplex is a true gem with an expansive and versatile layout. Each unit spans over 2,000 square feet, offering ample space and flexibility to suit your needs. The downstairs expansion presents an exciting opportunity to create an extended living area with 3 bedrooms and an office, perfect for a growing family or for hosting guests. Alternatively, the space is already configured to accommodate two additional income-generating units, including an Accessory Dwelling Unit (ADU) and a Junior ADU (JADU), adding even more value to this incredible property. Both units feature attached garages, ensuring convenient and secure parking—a rare find in this highly sought-after area. The location is unbeatable, with close proximity to the vibrant Downtown Laguna Beach, the serene beauty of Crystal Cove, and the charming shops and restaurants that define the area. Whether you're looking for a lucrative income-producing investment or a dream home with potential for customization, this duplex offers it all. Don’t miss this rare opportunity to own a piece of paradise in one of Southern California's most desirable beach communities. With breathtaking views, prime location, and endless possibilities, this North Laguna Beach duplex is the perfect blend of luxury and investment potential.
PROPERTY FACTS Under Contract
| Price Per Unit | $1,333,247 CAD | Apartment Style | Low Rise |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Sale Conditions | REO Sale | Building Size | 4,443 SF |
| Gross Rent Multiplier | 16 | No. Stories | 2 |
| No. Units | 4 | Year Built/Renovated | 1958/2022 |
| Property Type | Multifamily | Parking Ratio | 0.45/1,000 SF |
| Property Subtype | Apartment |
| Price Per Unit | $1,333,247 CAD |
| Sale Type | Investment |
| Sale Conditions | REO Sale |
| Gross Rent Multiplier | 16 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Lot Size | 0.10 AC |
| Building Size | 4,443 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1958/2022 |
| Parking Ratio | 0.45/1,000 SF |
Unit Amenities
- Balcony
- Washer/Dryer Hookup
- Bay Window
- Views
Site Amenities
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 6+5 | 4 | - | - |
PROPERTY TAXES
| Parcel Number | 053-122-23 | Improvements Assessment | $133,558 CAD |
| Land Assessment | $3,741,347 CAD | Total Assessment | $3,874,905 CAD |
PROPERTY TAXES
Parcel Number
053-122-23
Land Assessment
$3,741,347 CAD
Improvements Assessment
$133,558 CAD
Total Assessment
$3,874,905 CAD
zoning
| Zoning Code | Residential (additional living space, ADU & JADU were added. New owner will have to obtain permits.) |
| Residential (additional living space, ADU & JADU were added. New owner will have to obtain permits.) |
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