Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    31692 3Rd Ave Laguna Beach, CA 92651

    Sponsored
    For Sale
    $1,650,000

    Bungalow, Duplex - Laguna Beach, CA

    Type:Duplex
    Property size:
    852 SF
    Lot size:
    2,362.00 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 7 at 8:06 pm

    Property Features for 31692 3Rd Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Family Room
    Bedrooms
    3
    APN
    05610315
    Parking
    5
    Interior features
    Beamed Ceilings, Built-in Features, Living Room Deck Attached
    Exterior features
    Community Features Included: Storm Drains, Back Yard
    Appliances
    Cooktop, Cooktop - Gas, Dishwasher, Range, Range - Gas, Refrigerator, Washer
    Size
    852 SF
    Lot size
    2,362.00 Acres

    Utilities

    Heating system
    Space Heater
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1938
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Wood
    Architectural style
    Bungalow

    We can help!

    Listing Contact
    Danielle Purcell

    TEAM LAGUNA INC (949) 464-1063

    Listing agent Danielle Purcell (949) 464-1063 License #01063725

    Listing date Feb 5, 2026

    MLS# LG26026798 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Charming Coastal Duplex Near Beach

    This light and bright beach cottage offers a multi-unit layout, situated a couple of blocks from the beach. The main residence features two bedrooms and one bathroom upstairs, with natural light and an indoor-outdoor feel. Downstairs is a private studio with its own kitchen and bathroom, suitable for guests, rental income, or a home office. A one-car garage and ample parking are included. The property is located near Table Rock Beach and within walking distance of local restaurants, capturing the essence of Laguna Beach living. The property size is 852 square feet and the lot size is 0.05422405876951331 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Laguna Beach
    County
    Orange
    State
    California
    Longitude
    -117.7432187
    Latitude
    33.5024604

    Nearby Similar for Sale

    • $2,850,000
      1,633 SF

      Woods Cove Duplex Near Beach

      Charming updated coastal cottages in desirable Laguna Beach neighborhood.
      464 Agate St, Laguna Beach, CA 92651
      View Details
    • New
      $2,695,000
      1,939 SF

      Laguna Beach Coastal Compound Triplex

      Sophisticated coastal compound blocks from the Pacific Ocean.
      617 Lombardy Ln, Laguna Beach, CA 92651
      View Details
    • $6,900,000
      1,910 SF

      Laguna Beach Storefronts For Sale

      Charming storefronts near the beach with high foot traffic.
      240 Thalia St, Laguna Beach, CA 92651
      View Details
    • $6,950,000
      Pending

      Laguna Beach Retreat Opportunity

      Yoga and health retreat in sought-after Laguna Beach location.
      21095 Raquel Rd, Laguna Beach, CA 92651
      View Details
    • $3,395,000
      2,097 SF

      Laguna Beach Triplex with Ocean Views

      Triplex in Laguna Beach featuring ocean views and rental income.
      252 Chiquita St, Laguna Beach, CA 92651
      View Details
    • $979,000
      5,068 SF

      Laguna Canyon Live-Work Artist Home

      Unique live-work artist home/studio near Festival of the Arts.
      2375 Laguna Canyon Rd, Laguna Beach, CA 92651
      View Details
    • $2,750,000
      1,960 SF

      Laguna Beach Duplex with Suite

      Versatile duplex with suite near Main Beach in Laguna.
      114 High Dr, Laguna Beach, CA 92651
      View Details
    • $1,639,900
      1,421 SF

      Remodeled Condo with Ocean Views

      Laguna Beach condo featuring ocean views and remodeled interiors.
      21703 Ocean Vista Dr, Laguna Beach, CA 92651
      View Details
    • $3,999,000
      1,582 SF

      Oceanfront Condo with Resort-Style Amenities

      Rare top-corner unit with ocean views and renovated upscale amenities.
      1585 S Coast Hwy, Laguna Beach, CA 92651
      View Details
    • $1,899,000
      1,847 SF

      Luxury Townhome Near Crescent Bay

      Sophisticated, renovated townhome in gated community near beach and park.
      1565 N Coast Hwy, Laguna Beach, CA 92651
      View Details
    • $4,150,000

      Laguna Beach Duplex Investment Opportunity

      Fully upgraded duplex near the beach in Laguna Beach.
      1585 Catalina, Laguna Beach, CA 92651
      View Details
    • $145,000

      Spacious Laguna Beach Manufactured Home

      Three-bedroom manufactured home near beaches, shopping, and restaurants.
      30802 Coast L4, Laguna Beach, CA 92651
      View Details

    FAQs

    What type of property is this?
    Duplex - Refreshed beach cottage with multi-unit layout near the sand.
    Where is this duplex located?
    The property is located at 31692 3Rd Ave Laguna Beach, CA.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: - Prime location: A couple of blocks from the beach and walking distance to restaurants.; - Multi-unit layout: Main residence plus a private studio with kitchen and bathroom.; - Rental income potential: The studio is ideal for generating rental income.
    (949) 464-1063
    Request Owner's contact information
    31692 3Rd Ave Laguna Beach, CA 92651
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    31692 3Rd Ave
    Laguna Beach, CA 92651
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    31692 3Rd Ave Laguna Beach, CA 92651
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Danielle Purcell
    Real Estate License ID: 01063725
    (949) 464-1063
    Learn more
    Google sign-in failed. Please try again or use another login method.