1553 Arroyo Drive, Laguna Beach, CA 92651
Local realty services provided by:CENTURY 21 Discovery
1553 Arroyo Drive,Laguna Beach, CA 92651
$2,050,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Sold
Listed by: derek lebon
Office: bon life real estate corporation949-422-5937
MLS#:LG26102380
Source:CRMLS
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Price summary
- Price:$2,050,000
About this home
Investment Opportunity: Income-Producing Duplex in Coveted Laguna Canyon
A rare chance to acquire a turnkey, income-producing duplex on an oversized lot in one of Coastal Orange County's most supply-constrained submarkets. Tucked into Laguna Canyon — a neighborhood defined by scarcity, character, and consistent rental demand — this property offers dual income streams, strong tenant appeal, and long-term appreciation upside in a market where new inventory is virtually nonexistent.
Unit A — Upper | 3 Bed | 2 Bath The primary income driver. Spacious living room, full kitchen, dedicated office, inside laundry, and central A/C — features that command premium rents in Laguna's tight rental pool. Mature landscaping and canyon setting deliver the lifestyle factor today's renters pay up for.
Unit B — Lower | 1 Bed | 1 Bath + Office A flexible, light-filled unit ideal for long-term tenancy, executive rental, or owner occupancy under a house-hack strategy. The added office space broadens the renter profile to include remote professionals — a growing demand segment in coastal OC.
The Land Generous lot with lush, tropical landscaping, a natural dry riverbed, and mature, high-yielding avocado trees — adding both curb appeal and tangible long-term value. Privacy, mature foliage, and canyon character are difficult to replicate and consistently support above-market rents.
Location Fundamentals
Walking distance to downtown Laguna Beach, the Sawdust Festival grounds, and the Pageant of the Masters
Minutes to world-class beaches and the Pacific Coast Highway corridor
Located in a guarded, low-inventory market with strong historical appreciation
Year-round rental demand driven by tourism, arts community, and remote-work professionals
The Investment Case
Dual-income duplex with immediate cash flow
House-hack opportunity: live in one unit, offset ownership costs with the other
Multigenerational compound potential
Long-term hold play in a supply-constrained, brand-name coastal market
Value-add potential through rent optimization, short-term/mid-term rental strategy (subject to local regulations), or future redevelopment of the lot
Properties like this — true duplexes on large lots in Laguna Canyon — rarely come to market. A grounded opportunity for the investor who values scarcity, location, and durable demand....
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Home facts
- Year built:1929
- Subdivision & Development:Canyon (CYN)
- Listing ID #:LG26102380
- Added:84 day(s) ago
- Updated:August 04, 2026 at 07:12 AM
Rooms and interior
- Flooring:Vinyl, Wood
Heating and cooling
- Cooling:Central Air
- Central air:Yes
Structure and exterior
- Roof:Composition
- Year built:1929
- Lot Features:Back Yard, Garden, Landscaped
- Levels:2 Story
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$2,050,000
Parking
- Parking description:Driveway
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