245 Wave Street

Laguna Beach, CA 92651

$6,795,000
Price
8
Beds
9
Baths
4,000 Sq. Ft.
$1,699 / Sq. Ft.
4,000
Sq. Ft.
$1,699
per Sq. Ft.

Description

241 - 243- 245 wave. Large, luxury triplex. Flawless contemporary, fully reinvisioned/renovated masterpiece premier north laguna location, close to shaws cover/crescent bay, beaches, parks, shops, restaurants, etc. 3 large units with expansive ocean views on nearly double lot, quiet street. Ultimate family compound or 3 luxury penthouse-style apartments on huge lot with manicured, impeccably designed, fully gated grounds. Two 3bd/2.5 ba luxury units with fireplace, one 2bd/2.5bath penthouse with...241 - 243- 245 wave. Large, luxury triplex. Flawless contemporary, fully reinvisioned/renovated masterpiece premier north laguna location, close to shaws cover/crescent bay, beaches, parks, shops, restaurants, etc. 3 large units with expansive ocean views on nearly double lot, quiet street. Ultimate family compound or 3 luxury penthouse-style apartments on huge lot with manicured, impeccably designed, fully gated grounds. Two 3bd/2.5 ba luxury units with fireplace, one 2bd/2.5bath penthouse with views. 5 garages plus 6 add'l offstreet private parking spaces. Built for owner's family as a "forever" investment, no expense was spared or detail overlooked. Custom cabinetry throughout, taj mahal stone counters, custom baths, all new: electrical (including new underground and panel), plumbing (including main line, pex), hvac (including central air in each unit), fire sprinklers, decks, "floating" iron stairways, smooth stucco, stone fireplaces, duchateau wood flooring, open beam ceilings, expansive "la cantina" walls of glass open to oversized decks, two custom firepits, custom hardscape & landscape. Coded gates, 5 garage spaces fully finished including epoxy flooring. Ev vehicle chargers in each garage. Tankless water heaters. Expansive ocean views. Total privacy and large lot with both private and community gathering spaces. Each unit comes with it's own new lg washtower laundry unit. Too many details to list. Interior finishes/tile/lighting designed by tuvalu home. Each unit has open kitchen/great room concept with large central island. Each unit has a designer powder room. Priced below replacement cost the renovation touched every element of the structure and property and took 2 years to complete. Soft-white smooth stucco with black accents, new black standing seam roof. Literal perfection and the finest multi-unit property in laguna beach. All units are brand new, never occupied and ready for a new owner.
  1. Listed by Mark Christy • DRE #00776546 • Brokerage DRE #01317331 • Berkshire Hathaway HomeServices California Properties • mark@hobie.com
  2. Listed by Tyler Alter • DRE #02126524 • Brokerage DRE #01317331 • Berkshire Hathaway HomeServices California Properties

Property Details for 245 Wave Street

Architectural Style
Contemporary, Custom Built, See Remarks
View
Catalina, Coastline, Ocean, Panoramic, See Remarks, Water
Parking Spaces Total
11
Private Pool
No
Cooling Type
Central Forced Air
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
LISTING UPDATED: 12/10/2024 09:46 PM

Property Details for 245 Wave Street

StatusActive
MLS #LG24236294
Days on Market34
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2024
Lot Size0.17 AC / 7,538 SF
CountyOrange County

Building Information for 245 Wave Street

Stories2Residences-Year Built2024Building Size-Lot Size0.17 AC / 7,538 SF

Property Information for 245 Wave Street

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $312,000
  • Gross Scheduled Income: $312,000
  • Net Operating Income: $232,000
  • Current Financing: Private
Expense Details
  • Operating Expense: $80,000
  • New Taxes Expense: $70,000
  • Insurance Expense: $3,000
  • Trash Expense: $640
  • Water Sewer Expense: $1,800
  • Total Expenses: $80,000
Tax / Assessment Info
  • Tax Block: H
  • Tax Tract Number: 481
  • Tax Census Tract: 626.56
  • CFD/Mello-Roos Fee: $2,924
  • Tax Lot: 9
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Hiking, Sidewalks, Storm Drains
Property / Structure Info
Interior Features
  • Appliances: Built-In Range, Dishwasher, Gas Cooktop, High Efficiency Water Heater, Range Hood, Tankless Water Heater, Water Line to Refrigerator
  • Equipment: Dishwasher, Dryer, Dryer Included, Inside, Other, Washer, Washer Included, Water Line to Refrigerator
  • Interior Features: Beamed Ceilings, Cathedral Ceiling(s), Granite Counters, Living Room Balcony, Living Room Deck Attached, Open Floorplan, Pantry, Stone Counters, Wired for Sound
  • Room Type: See Remarks
  • Water Heater Features: Tankless
  • Water Heater Type: Tankless
  • Laundry: Yes
  • Laundry Features: Dryer Included, Inside, See Remarks, Washer Included
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
  • Flooring: Tile, Wood
Exterior Features
  • Door Features: Sliding Doors
  • Security Features: Fire and Smoke Detection System, Fire Sprinkler System, Security Lights, Smoke Detector(s)
  • Construction Materials: Plaster, Stone, Stucco
  • Exterior Construction: Plaster, Stone, Stucco
  • Exterior: Stone, Stucco
  • Exterior Features: Rain Gutters
  • Roof: Metal
  • Entry Location: 1
  • Fence: Yes
  • Fence: Other
  • Fencing: Excellent Condition, New Condition, See Remarks
  • Foundation Details: Slab
  • Property Condition: Turnkey
  • View Description: Catalina, Coastline, Ocean, Panoramic, Water
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Green Info
  • Walk Score: 74
Land/Lot Info
  • Lot Features: Back Yard, Front Yard, Garden, Gentle Sloping, Level with Street, Lot 6500-9999, Rectangular Lot, Level, Near Public Transit, Sprinkler System, Sprinklers In Front, Sprinklers On Side, Sprinklers Timer
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Road Surface Type: Alley Paved, Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Available, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: 220 Volts in Garage
  • Water Source: Public
Parking Info
  • Garage Spaces: 5
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 6
  • Open Other Spaces Total: 6
  • Parking Garage Spaces: 5
  • Carport Spaces: 0
  • Parking Features: Assigned
Property / Structure Info
  • Builders Tract Name: North Laguna
  • Builders Tract Code: North Laguna (NL)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Pro Forma: 9500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Pro Forma: 9000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Pro Forma: 7500
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Number With Disposal: 3

Property History for 245 Wave Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 245 Wave Street

Taxable ValueLand$3,720,930Additions$289,309Total$4,010,239
Tax Record2024$43,113 ($3,593 / month)
Home Facts
Total Finished SqFt3,854 SqFtAbove Grade Finished SqFt3,854 SqFtStories2Lot Size7,538 SqFtStyleTriplexYear Built1964CountyORANGEAPN053-143-23

Schools near 245 Wave Street

This home is within Laguna Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
El Morro Elementary School
PublicK to 5

Thurston Middle School
Public6 to 8

Laguna Beach High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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245 Wave Street is a multi-family home for sale in Laguna Beach, CA 92651. This property was listed for sale on November 18, 2024 by Berkshire Hathaway HomeServices California Properties, it's currently listed at $6,795,000. It has been on the market for a total of 34 days and was last sold on September 1, 2022. This listing's school district is Laguna Beach Unified School District. Nearby schools include El Morro Elementary School, Thurston Middle School and Laguna Beach High School. 245 Wave Street is a 8-bed, 9-bath, 4,000 sqft multi-family home built in 2024.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkshire Hathaway HomeServices California Properties, Mark Christy, DRE #00776546; Berkshire Hathaway HomeServices California Properties, Tyler Alter, DRE #02126524

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.