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Sold for $5,600,000
  • Listed by: Berkshire Hathaway HomeServices California Properties • Tyler Alter • Contact: 949-371-3085
    Bought with: Coldwell Banker Realty
    Tax assessed value
    $5,600,000

    231 Cajon St, Laguna Beach, CA 92651

    7beds
    7baths
    2,638sqft
    Mixed Use
    Built in 1936
    -- sqft lot
    $5,705,500 Zestimate®
    $2,123/sqft
    $4,861 Estimated rent

    Home value

    $5,705,500

    $5.25M - $6.22M

    $4,861/mo

    Zestimate® history
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    What's special

    Introducing a One-of-a-Kind Investment Opportunity in North Laguna Beach Nestled in the coveted North Laguna Beach, just steps away from Crescent Bay Beach, this fully renovated multi-family property offers the perfect blend of luxury and income potential. Located at 231 Cajon Street, this exceptional property sits on a 9,000 sq. ft. lot and boasts 6 units. The property is made up of 4 detached one-bedroom, one-bathroom units (each 435 sq. ft.) each thoughtfully renovated to maximize their space while maintaining the charm of these classic Laguna cottages. Next there is a well laid out two-bedroom, two-bathroom unit (898 sq. ft.) maximizing livability with a deck with expansive ocean views to match. Then finished in 2022 a 548 sq. ft. ADU (Accessory Dwelling Unit) was added giving even more possibilities for any buyer of this property. Every detail of this property has been carefully curated with high-end finishes, modern appliances, and abundant natural light. Each unit has been masterfully remodeled in 2023 to exude contemporary elegance while maintaining a comfortable, inviting atmosphere while maintaining the classic feel with thoughtful touches maintaining the history of these units. Beyond the property’s beauty, its location is truly unbeatable. North Laguna Beach is famous for its stunning beaches, world-renowned art galleries, and vibrant local culture. This property offers the rare opportunity to own a one of a kind investment that is a flagship to any portfolio. Just blocks from the beach, and minutes from all the shopping, dining, and entertainment North Laguna has to offer, the location is as prime as it gets. Priced at under $6 million, this turn-key gem is ready to generate income from day one. Don’t miss your chance to own a slice of paradise in one of California’s most desirable coastal communities.

    Zillow last checked:

    Listing updated:

    Listed by:

    Tyler Alter DRE #02126524 949-371-3085,

    Berkshire Hathaway HomeServices California Properties,

    Mark Christy DRE #00776546 949-499-5900,

    Berkshire Hathaway HomeServices California Properties

    Bought with:

    Brian Johnson, DRE #00787688

    Coldwell Banker Realty

    Source: CRMLS,MLS#: LG24207003MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 7
    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 2,638
    • Total interior livable area: 2,638 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Gravel
    • Uncovered spaces: 2
    Features
    • Levels: Multi/Split
    • Entry location: Multiple Detached Units
    • Pool features: None
    Lot
    • Size: 8,999 Square Feet
    Details
    • Parcel number: 05312409
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Mixed Use
    Condition
    • New construction: No
    • Year built: 1936

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Hiking
    Location
    • Region: Laguna Beach

    Financial & listing details

    • Price per square foot: $2,123/sqft
    • Tax assessed value: $5,600,000
    • Annual tax amount: $61,072
    • Date on market: 10/7/2024
    • Cumulative days on market: 39 days
    • Listing terms: Conventional
    • Total actual rent: 6350

    Price history

    DateEventPrice
    12/18/2024Sold$5,600,000+6.4%$2,123/sqft
    Source: CRMLS #LG24207003 Report a problem
    8/31/2023Sold$5,265,000-12.2%$1,996/sqft
    Source: CRMLS #LG23029451 Report a problem
    2/23/2023Listed for sale$5,995,000+84.5%$2,273/sqft
    Source: CRMLS #LG23029451 Report a problem
    12/16/2021Sold$3,250,000-7%$1,232/sqft
    Source: Public Record Report a problem
    8/18/2021Listed for sale$3,495,000-12.5%$1,325/sqft
    Source: CLAW #21744740 Report a problem
    5/2/2021Listing removed--
    Source: RE/MAX International Report a problem
    2/4/2021Listed for sale$3,995,000$1,514/sqft
    Source: RE/MAX International #LG20196986 Report a problem
    1/11/2021Listing removed--
    Source: CRMLS Report a problem
    9/20/2020Listed for sale$3,995,000$1,514/sqft
    Source: Residential Agent Inc. #LG20196986 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$61,072 +6.1%$5,600,000 +6.4%
    2024$57,584 +50.4%$5,265,000 +58.8%
    2023$38,284 -13.8%$3,315,000 +2%
    2022$44,424 +94%$3,250,000 +75.4%
    2021$22,904 +2.1%$1,853,185 +1%
    2020$22,429 $1,834,183 +2%
    2019$22,429 +2.2%$1,798,219 +2%
    2018$21,945 +4.7%$1,762,960 +2%
    2017$20,959 $1,728,393 +2%
    2016$20,959 +2.3%$1,694,503 +1.5%
    2015$20,488 +4.2%$1,669,050 +2%
    2014$19,668 $1,636,356 +0.5%
    2013-- $1,628,961 +2%
    2012-- $1,597,021 +2%
    2011-- $1,565,707 +0.8%
    2010-- $1,554,006 -0.2%
    2009-- $1,557,699 +2%
    2008-- $1,527,156 +2%
    2007-- $1,497,212 +2%
    2006-- $1,467,855 +2%
    2005-- $1,439,074 +2%
    2004-- $1,410,857 +70.6%
    2003-- $826,758 +2%
    2002-- $810,548 +2%
    2001$10,418 +9.4%$794,655 +7.6%
    2000$9,520 $738,766
    Find assessor info on the county website

    Neighborhood: 92651

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $5,705,500
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $5,705,500