Under Contract

1553 Arroyo Drive

Laguna Beach, CA 92651
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Bed 4

Bed

Bath 3

Bath

SqFt1,488

Sqft

SqFt7,405

Sqft(Lot)

Investment Opportunity: Income-Producing Duplex in Coveted Laguna Canyon A rare chance to acquire a turnkey, income-producing duplex on an oversized lot in one of Coastal Orange County's most supply-constrained submarkets. Tucked into Laguna Canyon — a neighborhood defined by scarcity, character, and consistent rental demand — this property offers dual income streams, strong tenant appeal, and long-term appreciation upside in a market where new inventory is virtually nonexistent. Unit A — Upper | 3 Bed | 2 Bath The primary income driver. Spacious living room, full kitchen, dedicated office, inside laundry, and central A/C — features that command premium rents in Laguna's tight rental pool. Mature landscaping and canyon setting deliver the lifestyle factor today's renters pay up for. Unit B — Lower | 1 Bed | 1 Bath + Office A flexible, light-filled unit ideal for long-term tenancy, executive rental, or owner occupancy under a house-hack strategy. The added office space broadens the renter profile to include remote professionals — a growing demand segment in coastal OC. The Land Generous lot with lush, tropical landscaping, a natural dry riverbed, and mature, high-yielding avocado trees — adding both curb appeal and tangible long-term value. Privacy, mature foliage, and canyon character are difficult to replicate and consistently support above-market rents. Location Fundamentals Walking distance to downtown Laguna Beach, the Sawdust Festival grounds, and the Pageant of the Masters Minutes to world-class beaches and the Pacific Coast Highway corridor Located in a guarded, low-inventory market with strong historical appreciation Year-round rental demand driven by tourism, arts community, and remote-work professionals The Investment Case Dual-income duplex with immediate cash flow House-hack opportunity: live in one unit, offset ownership costs with the other Multigenerational compound potential Long-term hold play in a supply-constrained, brand-name coastal market Value-add potential through rent optimization, short-term/mid-term rental strategy (subject to local regulations), or future redevelopment of the lot Properties like this — true duplexes on large lots in Laguna Canyon — rarely come to market. A grounded opportunity for the investor who values scarcity, location, and durable demand.

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Detail Ic Property Details

Property Type : Residential Income

Price : $2,150,000

AD Id : 83742583

MLS Id : LG26102380

Beds : 4

Lot Size : 7,405 Sqft

Living Area Size : 1,488

Year Built : 1929

County : Orange

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Feature Features

  • Water/Sewer

    Water Source: Public Sewer: Public Sewer
  • Interior Features

    Roof: Composition Interior Features: Bedroom on Main Level,Main Level Primary Fireplace: Living Room Flooring: Vinyl,Wood
  • Cooling Features

    Central Air Air Conditioning

    Fireplace

    Fireplace Features: Living Room Has Fireplace: 1

  • Building Information

    Year Built: 1929 Building Area Total: 1,488 Roof: Composition
  • Pool Features

    None

    Laundry Features

    Laundry Room,Upper Level

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.17
  • Lot Size Source: Assessor Lot Size Square Feet: 7405

  • Listing Price Information

    Original List Price: 2,150,000 Listing Contract Date: 2026-05-10
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 64118122

  • Garage and Parking

    Garage Description: Driveway

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Under Contract Source Neighborhood: LC - Laguna Canyon Directions: GPS Source Property Type: Residential Income Area: LC - Laguna Canyon Property SubType: Duplex
  • Building and Construction

    Property Age: 97 Common Walls: 1 Common Wall Structure Type: Duplex Year Built Source: Public Records Entry Level: 1 Entry Location: 1, 2 Property Attached: Yes Levels or Stories: Two Building Total Stories: 2
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1585 Catalina, Laguna Beach, CA, 92651 $4,150,000 6 4 3,478 3,478 SqFt
1585 Catalina, Laguna Beach, CA, 92651 $4,150,000 6 4 3,478 3,478 SqFt
389 Park, Laguna Beach, CA, 92651 $2,600,000 3 2 986 986 SqFt

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ByOwner last updated this listing 06/22/2026 @ 18:42

MLS: LG26102380 LISTED BY: Derek LeBon, Bon Life Real Estate Corporation 949-422-5937 SOURCE: CRMLS

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