2838 Wards Terrace

Laguna Beach, CA 92651

$4,495,000
Price
4
Beds
2,191 Sq. Ft.
$2,052 / Sq. Ft.
2,191
Sq. Ft.
$2,052
per Sq. Ft.

Description

Perched along Wards Terrace in South Laguna Beach, this classic 1920s triplex is just steps from the sands of Victoria Beach, offers ocean views, and outstanding ARV income potential. Escape to the beach with family and friends or take advantage of short- or long-term revenue opportunities, with an entire property primed for future value potential. Its location at the beach is among the best along the Orange County coast, only moments from the luxurious Montage Laguna Beach resort, classic restaurants...Perched along Wards Terrace in South Laguna Beach, this classic 1920s triplex is just steps from the sands of Victoria Beach, offers ocean views, and outstanding ARV income potential. Escape to the beach with family and friends or take advantage of short- or long-term revenue opportunities, with an entire property primed for future value potential. Its location at the beach is among the best along the Orange County coast, only moments from the luxurious Montage Laguna Beach resort, classic restaurants including Dizz’s As Is, the golf course at The Ranch at Laguna Beach, and downtown Laguna’s popular galleries and boutiques. Victoria Beach, with its enchanting Pirates Tower, tide pools and dramatic sunset vistas, continues to charm locals and visitors alike. At home, residents will enjoy a trio of open and bright apartments, including a beautiful top-level unit with panoramic ocean views that encompass breaking waves and Catalina Island. This apartment also hosts two bedrooms, one bath, a fireplace and an ocean-view balcony. Two one-bedroom, one-bath units include one with a loft and a detached cottage with private stone patio and deck. Two single-car garages feature brand-new doors, and wood floors, open-beam ceilings and upgraded kitchens are on display. With its beach setting, priceless views and enviable income prospects, this cottage-style Laguna Beach triplex is poised to enrich your lifestyle.

Listing Agent

  1. Nura Motal

    Nura Motal

    Listing Agent

    Compass

    DRE #01827197

    nura.motal@compass.com

    P: (949)-525-2153

Property Details for 2838 Wards Terrace

View
Coastline, Ocean, Panoramic, White Water
Parking Spaces Total
3
Private Pool
No
Cooling Type
N/K
Total Units
3.0
Building Type
Attached
Lot Size Source
Appraiser
Living Area
2191
LISTING UPDATED: 01/29/2025 10:44 PM

Property Details for 2838 Wards Terrace

StatusActive
MLS #OC25016333
Days on Market27
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeTownhouse
MLS TypeResidential
Year Built1921
Lot Size0.05 AC / 2,250 SF
CountyOrange County

Virtual Tour

Building Information for 2838 Wards Terrace

Stories2Residences-Year Built1921Building Size-Lot Size0.05 AC / 2,250 SF

Property Information for 2838 Wards Terrace

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $123,420
  • Gross Scheduled Income: $123,420
  • Net Operating Income: $109,705
  • Laundry Income: $1,200
  • Gross Multiplier: 2.7
  • Cap Rate: 2.5
Expense Details
  • Operating Expense: $13,715
  • Operating Expense Percent: 11.11%
  • New Taxes Expense: $48,004
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $327
  • Water Sewer Expense: $0
  • Total Expenses: $327
Tax / Assessment Info
  • Tax Block: C
  • Tax Tract Number: 05003
  • Tax Census Tract: 626.20
  • CFD/Mello-Roos Fee: $2,346
  • Tax Lot: 3 TR
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Special Assessments
  • Community Features: Fishing, Hiking, Watersports, Suburban
Property / Structure Info
Interior Features
  • Appliances: Free-Standing Range
  • Equipment: Garage, Refrigerator
  • Interior Features: Beamed Ceilings, Living Room Balcony
  • Room Type: Family Room, Galley Kitchen, Living Room, Primary Bathroom, Primary Bedroom
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Bedroom Features: Main Floor Bedroom
  • Eating Area: Dining Room, In Kitchen
  • Laundry: Yes
  • Laundry Features: In Garage
  • Laundry Location: Garage
  • Laundry Equipment Own Lease: Own
  • Fireplace Features: Family Room
  • Fireplace Rooms: Family Room
  • Fireplace: FP in Family Room
  • Cooling: None
  • Heating Type: Wall
  • Heating: Fireplace(s), Wall Furnace
  • Heat Equipment: Fireplace, Wall/Gravity
  • Floor Coverings: Laminate, Linoleum/Vinyl
  • Flooring: Laminate, Vinyl
  • Virtual Tour URL Branded: https://vimeo.com/1051012022
  • Virtual Tour URL Unbranded: https://vimeo.com/1051012835
Exterior Features
  • Entry Location: Front
  • Structure Type: Triplex
  • Miscellaneous: Suburban
  • View Description: Coastline, Ocean, Panoramic, White Water
  • Waterfront Features: Beach Access, Beach Front
  • Patio: Yes
  • Patio: Deck
  • Patio And Porch Features: Deck
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Cul-De-Sac
  • Lease Considered: No
  • Direction Faces: West
  • Number Of Units: 3
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Sewer/Septic: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Garage, Garage - 1 Car
  • Uncovered Spaces: 1
  • Open Other Spaces Total: 1
  • Parking Non-Garage: Off Street
  • Parking Garage Spaces: 2
  • Parking Garage: Garage
  • Carport Spaces: 0
  • Attached Garage: Yes
  • Parking Features: Garage, Off Street
Property / Structure Info
  • Builders Tract Name: Victoria Beach
  • Builders Tract Code: Victoria Beach (VB)
  • Residential Styles: All Other Attached
  • Residential Unit Location: No Common Walls
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,695
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,995
  • Unit Type Pro Forma: 3300
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $4,495
  • Unit Type Pro Forma: 4900
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 3
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 1
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Number With Patio: 2

Property History for 2838 Wards Terrace

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2838 Wards Terrace

Taxable ValueLand$999,268Additions$85,655Total$1,084,923
Tax Record2024$13,389 ($1,116 / month)
Home Facts
Beds3Total Finished SqFt1,455 SqFtAbove Grade Finished SqFt1,455 SqFtStories3Lot Size2,250 SqFtStyleSingle Family ResidenceYear Built1927CountyORANGEAPN656-151-69

Schools near 2838 Wards Terrace

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
Private - K to 7
Rating
School
Distance
El Morro Elementary School
PublicK to 5

Thurston Middle School
Public6 to 8

Laguna Beach High School
Public9 to 12

St. Catherine Of Siena Parish School
PrivateK to 7

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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2838 Wards Terrace is a townhouse for sale in Laguna Beach, CA 92651. This property was listed for sale on January 29, 2025 by Compass, it's currently listed at $4,495,000. It has been on the market for a total of 27 days and was last sold on May 14, 2000. 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. 2838 Wards Terrace is a 4-bed, 3.5-bath, 2,191 sqft townhouse built in 1921.

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. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Compass, Nura Motal, DRE #01827197

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.