363 Cleo Street

Laguna Beach, CA 92651

$2,995,000
Price
4
Beds
4
Baths
2,600 Sq. Ft.
$1,152 / Sq. Ft.
2,600
Sq. Ft.
$1,152
per Sq. Ft.

Description

Excellent value for a spacious duplex on a large lot just minutes from the beach and laguna's "hip" district. The units are side by side with no-one above or below and each unit offers two large bedrooms, two baths, fireplace in living room, open kitchen, dining and lots of light and privacy. Each unit has an attached 2-car garage and feels like a separate condo/townhome. Incredible investment opportunity in prime section of Laguna's iconic "Village" or live in one unit and rent the other. Both units...Excellent value for a spacious duplex on a large lot just minutes from the beach and laguna's "hip" district. The units are side by side with no-one above or below and each unit offers two large bedrooms, two baths, fireplace in living room, open kitchen, dining and lots of light and privacy. Each unit has an attached 2-car garage and feels like a separate condo/townhome. Incredible investment opportunity in prime section of Laguna's iconic "Village" or live in one unit and rent the other. Both units are currently rented and the owner wants to respect the Tenant's privacy. As such, there will be no preview or open house and showings will require a written offer (obviously subject to buyer's sole approval after inspection). Designed by Morris Skenderian this property has never before been for sale. Call listing agent for more information or general descriptions. Buyer to cooperate with seller's 1031 tax deferred exchange
all expense numbers and the proforma rents are estimates only. Square footages are estimated.
  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 363 Cleo Street

View
See Remarks
Parking Spaces Total
8
Private Pool
No
Total Units
2.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2600
Assessor Parcel Number
644-034-08
LISTING UPDATED: 11/21/2024 04:05 AM

Property Details for 363 Cleo Street

StatusActive
MLS #LG24236512
Days on Market14
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1992
Lot Size0.22 AC / 9,583 SF
CountyOrange County

Building Information for 363 Cleo Street

Stories2Residences-Year Built1992Building Size-Lot Size0.22 AC / 9,583 SF

Property Information for 363 Cleo Street

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas, Telephone
Income / Expense / Tax Details
Income Details
  • Gross Income: $111,300
  • Gross Scheduled Income: $111,300
  • Vacancy Allowance: 3339
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $107,961
  • Net Operating Income: $74,571
  • Number Of Rented Garages: 0
  • Laundry Income: $0
Expense Details
  • Operating Expense: $33,390
  • Operating Expense Percent: 30.00%
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $3,000
  • Trash Expense: $400
  • Water Sewer Expense: $600
  • Total Expenses: $33,390
Tax / Assessment Info
  • Tax Block: 73
  • Tax Tract Number: 416
  • Tax Census Tract: 626.05
  • CFD/Mello-Roos Fee: $2,142
  • Tax Lot: 21
Community / Development
Community / Development
  • Community Features: Street Lights
Property / Structure Info
Interior Features
  • Appliances: Built-In Range, Dishwasher, Disposal
  • Equipment: Dishwasher, Garage
  • Laundry: Yes
  • Laundry Features: In Garage
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Heating Type: Forced Air
  • Heating: Forced Air
  • Heat Equipment: Forced Air Unit
Exterior Features
  • Construction Materials: Plaster
  • Exterior Construction: Plaster
  • Entry Location: 1
  • Other Structures: Two On A Lot
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Cul-De-Sac, Lot 6500-9999, Irregular Lot, Near Public Transit
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected
  • Electric: Cable Connected, Electricity Connected, Natural Gas Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 4
  • Open Other Spaces Total: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Assigned
Property / Structure Info
  • Builders Tract Name: The Village
  • Builders Tract Code: The Village (VIL)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $4,700
  • Unit Type Total Rent: $4,700
  • Unit Type Pro Forma: 5500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $4,575
  • Unit Type Total Rent: $4,575
  • Unit Type Pro Forma: 5000
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Number With Disposal: 2

Property History for 363 Cleo 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 363 Cleo Street

Taxable ValueLand$213,481Additions$487,029Total$700,510
Tax Record2024$8,843 ($737 / month)
Home Facts
Beds0Lot Size7,980 SqFtStyleSingle Family ResidenceCountyORANGEAPN644-034-08

Schools near 363 Cleo 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
Private - K to 3
Rating
School
Distance
Top Of The World Elementary School
PublicK to 5

Thurston Middle School
Public6 to 8

Laguna Beach High School
Public9 to 12

LEA Stone
PrivateK to 3

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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363 Cleo 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 $2,995,000. This listing's school district is Laguna Beach Unified School District. Nearby schools include Top Of The World Elementary School, Thurston Middle School and Laguna Beach High School. 363 Cleo Street is a 4-bed, 4-bath, 2,600 sqft multi-family home built in 1992.

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.