OCEAN VIEWS !! NORTH LAGUNA!! SOUTH OF COAST HIGHWAY!! This Amazing property has it all! Situated on one of the most sought after streets in North Laguna! 134-136-138 Wave Street is currently a legal Triplex with a bonus unpermitted one bedroom/bath. Enjoy a leisurely stroll to the Beach, Heisler Park, Shaw's Cove and Crescent Bay! This triplex has been family-owned for over 50 years and has had minimal updating. It consists of (three) units plus a BONUS! Up front is a two-story duplex with (two) 2-Bedroom/1-bath units--one with an attached garage, and one with an unattached garage. The rear unit consists of (one) 2-bedroom/1-Bath upstairs unit with a garage. And the BONUS of an "unpermitted" 1-bedroom/1-bath. This property presents a once-in-a-lifetime North Laguna opportunity for someone who wants to update this triplex for incredible income potential, or make it their vacation home by the sea! Enjoy everything Laguna Beach has to offer--pristine & famed beaches, gourmet dining, art galleries, the Sawdust Festival and Pageant of the Masters!
Sold for $4,091,000
Listing Provided by: Pavilion Properties
Bought with: Volant Realty Partners Inc
$4,091,000
134 Wave St, Laguna Beach, CA 92651
7beds
3,103sqft
Triplex
Built in 1954
-- sqft lot
$4,122,100 Zestimate®
$1,318/sqft
$6,609 Estimated rent
Home value
$4,122,100
$3.79M - $4.49M
$6,609/mo
Zestimate® history
Owner options
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$25,344/mo
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List your homeWhat's special
Ocean viewsTwo-story duplexSought after streetSouth of coast highwayAttached garageUnattached garage
Zillow last checked:
Listing updated:
Listing Provided by:
Paula Rayburn DRE #00882686 949-463-8974,
Pavilion Properties
Bought with:
William Paine, DRE #01879563
Volant Realty Partners Inc
Source: CRMLS,MLS#: NP25017486
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
- Main level bathrooms: 2
- Main level bedrooms: 3
Bedroom
- Features: All Bedrooms Down
Bedroom
- Features: All Bedrooms Up
Heating
- Wall Furnace
Cooling
- None
Appliances
- Laundry: Common Area
Features
- Cathedral Ceiling(s), All Bedrooms Up, All Bedrooms Down
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 3,103 sqft
Property
Parking
- Total spaces: 3
- Parking features: Attached Carport, Converted Garage, Deck
- Attached garage spaces: 3
- Has carport: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Entry location: ground
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: Catalina, City Lights, Coastline, Neighborhood, Ocean, Panoramic, Water
- Has water view: Yes
- Water view: Coastline,Ocean,Water
- Waterfront features: Beach Access
Lot
- Size: 5,663 sqft
- Features: 2-5 Units/Acre
Details
- Parcel number: 05315407
- Special conditions: Standard,Trust
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Condition
- New construction: No
- Year built: 1954
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Natural Gas Connected, Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Street Lights
Location
- Region: Laguna Beach
- Subdivision: North Laguna (Nl)
Other
Other facts
- Listing terms: Cash to New Loan
Price history
| Date | Event | Price |
|---|---|---|
| 3/7/2025 | Sold | $4,091,000-6.9%$1,318/sqft |
Source:  CRMLS #NP25017486 Report a problem | ||
| 2/26/2025 | Pending sale | $4,395,000$1,416/sqft |
Source: CRMLS #NP25012996 Report a problem | ||
| 1/29/2025 | Contingent | $4,395,000$1,416/sqft |
Source: CRMLS #NP25017486 Report a problem | ||
| 1/19/2025 | Listed for sale | $4,395,000$1,416/sqft |
Source: CRMLS #NP25012996 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $43,446 +254.2% | $4,000,000 +310.8% |
| 2024 | $12,266 -2.6% | $973,609 +2% |
| 2023 | $12,587 +3.1% | $954,519 +2% |
| 2022 | $12,213 +3.1% | $935,803 +2% |
| 2021 | $11,846 +2.3% | $917,454 +1% |
| 2020 | $11,574 | $908,047 +2% |
| 2019 | $11,574 +2.3% | $890,243 +2% |
| 2018 | $11,316 +4.8% | $872,788 +2% |
| 2017 | $10,796 | $855,675 +2% |
| 2016 | $10,796 +2.4% | $838,898 +1.5% |
| 2015 | $10,546 +4.3% | $826,297 +2% |
| 2014 | $10,113 | $810,111 -44.9% |
| 2013 | -- | $1,470,277 +86% |
| 2012 | -- | $790,638 +7.1% |
| 2011 | -- | $738,467 +7.5% |
| 2010 | -- | $687,086 +9.3% |
| 2009 | -- | $628,564 +2% |
| 2008 | -- | $616,240 +2% |
| 2007 | -- | $604,157 +9.4% |
| 2006 | -- | $552,392 +2% |
| 2005 | -- | $541,561 +2% |
| 2004 | -- | $530,943 +1.9% |
| 2003 | -- | $521,212 +8.3% |
| 2002 | -- | $481,437 +7.7% |
| 2001 | $5,974 +4.8% | $446,841 +2% |
| 2000 | $5,702 | $438,080 |
Find assessor info on the county website
Neighborhood: 92651
Nearby schools
GreatSchools rating
- 7/10El Morro Elementary SchoolGrades: K-5Distance: 2 mi
- 8/10Thurston Middle SchoolGrades: 6-8Distance: 1.8 mi
- 10/10Laguna Beach High SchoolGrades: 9-12Distance: 1.3 mi
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Estimated market value
$4,122,100
Get a cash offer in 3 minutes
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Estimated market value
$4,122,100
- California
- Orange County
- Laguna Beach
- 92651
- 134 Wave St
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