Laguna Beach has a wide variety of housing offered for sale that includes residential income duplex properties. These are very common in this beach town and often feature wonderful views of the Pacific Ocean. In the last week there have been 3 new ocean view listings to come on the market that offer the ability to rent out one side of the property while living in the other side. For many this makes more economical sense and helps pay the high monthly mortgage payment that many Laguna Beach properties will carry. Here is a quick guide to these listings.
1249 Ocean Front is a luxury duplex property located on the ocean front. The views don't get more dramatic than this with crashing waves directly below you while being located just a short distance to the downtown Laguna Beach area. The tri-level duplex is on the market for $8,995,000 and has been on the market for 3 short days. It features a total six bedrooms, five baths and an approximate 3,214 square feet of living space. There are multiple fireplaces, master suites and ocean view decks in this property. Unit #A at 1249 Ocean Front is currently being offered for rent at $9,000 a month.
220 San Joaquin St is located in the North Laguna area and just east of Coast Highway. This is a two story duplex near Crescent Bay beach and Heisler Park that offers a two bedroom unit in the front and a three bedroom unit in the back. The front unit is often considered the "owner's unit" with wonderful ocean views and a fireplace in the living room. The property features wonderful outdoor patio spaces as well as a view deck off the Master suite. This duplex came on the market 3 days ago and is priced at $2,395,000. Rentals in this area for a three bedroom unit have recently rented as much as $7,900 a month.
273 Upland Road is the third ocean view duplex property to come on the market this week. This is also a two story duplex located in the Woods Cove neighborhood which is south of the downtown area. There is a downstairs and upstairs unit in this property that both feature one bedroom and one bath. They each have their own private entrance and share a common laundry room. Upstairs features wonderful views from the exterior deck while the downstairs unit offers a peaceful backyard. The location is within walking distance to the beach and many restaurants located on Coast Highway. This property came on the market 3 days ago and is priced at $1,795,000. Our records show that the upstairs unit rented for $1,800 a month as a short term rental during the winter months in 2011. We would expect summer rates to be much higher than this amount.