31312 Pedro Street, Laguna Beach, CA 92651

$2,700,000
2
BD
2
BA
1,424
SqFt

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Sold Price
$2,700,000
List Price
$2,700,000
Closing Date
Jul 31, 2023
Status
CLOSED
MLS#
OC22082192
Year Built
1940
Bedrooms
2
Bathrooms
2
Living Sq. Ft
1,424
Lot Size
6,180
Acres
0.14
Lot Location
Back Yard, Drip Irrigation/Bubblers, Front Yard, Gentle Sloping, Sprinklers In Rear, Sprinklers In Front, Near Public Transit, Rectangular Lot, Sprinklers Timer, Sprinkler System, Sloped Up, Trees, Value In Land, Walkstreet, Yard
Days on Market
430
Property Type
Single Family Residential
Property Sub Type
Single Family Residence
Stories
Two Levels
Neighborhood
Coast Royal (Cr)

Property Description

Back on the market. Buyer failed to perform. Amazing 180-degree white water, ocean, and Catalina views from this beach cottage on a large street to street lot in Laguna Beach's coveted Coast Royal neighborhood. Short walk to some of the best beaches in Laguna Beach, to include West Beach, Table Rock, Thousand Steps Beach and direct beach access via a pedestrian tunnel to Aliso Beach. The house features a freshly painted interior with hardwood floors, wood beamed ceilings, front tiled patio, rear wood deck, and a hand laid rock backyard. In addition to easy beach access, the Coast Royal neighborhood is within walking distance to the South Laguna Village for restaurants and shops, hiking trails, and The Ranch for golf, dining, and live music. Assumable VA Loan at 2.25%. Looking for a larger, newer house? The sale includes city approved plans for a major remodel to increase the total house size to 3,576 sqft over three levels with a total of 3 en-suite bedrooms, all with ocean views, large living room, dining room, and family room all with ocean views, large designer kitchen, a bonus third level 680 sqft family room, or 4th ensuite bedroom with plans to convert to an ADU, over 800 sqft of ocean view decks and patios, an oversized 538 sqft subterranean two car garage, and a large ocean view backyard with room for a pool. The plans for the major remodel were approved by the City of Laguna Beach Design Review Board (DRB) in October 2021 and now valid until 2025. Seller has completed the structural and civil engineering plans, the mechanical, electrical, plumbing, and fire sprinkler plans, and completed the soil testing. The construction plans are all ready to submit to the City for approval and permitting.

Additional Information

Appliances
Built-In Range, Dishwasher, Gas Cooktop, Gas Oven, Gas Water Heater, Ice Maker, Microwave, Refrigerator, Range Hood, Dryer, Washer
Pool Description
None
Fireplace Description
Living Room, Wood Burning
Heat
Central, Forced Air, Natural Gas
Cooling Description
None
View
Ocean
Exterior Construction
Concrete, Plaster, Stucco
Roof
Shingle
Garage Spaces Total
1
Sewer
Public Sewer
Water
Public
School District
Laguna Beach Unified
Interior Features
Beamed Ceilings, Built-in Features, Granite Counters, Main Level Master
Attached Structure
Detached
Number Of Units Total
1

Listing courtesy of Listing Agent: Peter McCormick (peter@usaveteransrealestate.com) from Listing Office: USA Veterans Real Estate and Mortgage Company.

Listing sold by Bob Wolff from Harcourts Prime Properties

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.