Residential Income Property with
1550 Glenneyre Street, Laguna Beach, CA 92651
For Sale
New
Contact for pricing
Laguna Beach, CA
Property Size1,150 SF
Lot Size0.19 Acres
Price / SF$3.91
Days on Market7
Property Features for 1550 Glenneyre Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Pets allowed
Subdivision
Lot features
View
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
air conditioning
washer/dryer
refrigerator
enclosed patio
yard
Building Details
Year built
Floors in Building
Number of units
Flooring type
Listing Agency:
Lantern Bay Realty
(949) 661-6441
Listed By:
Mike Lovullo · License CA #00840789
(949) 279-5549
Added: Nov 8
Changed: Nov 10
Last Checked: Nov 14 at 7:06AM
MLS# OC26236775
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.
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Investment Insights
Based on property information with market context.
This 1,150-square-foot residence, built in 1930, has two bedrooms and two bathrooms. The interior has wood flooring, central heating and cooling, and a laundry room. A washer, dryer, and refrigerator are included. Outdoor space comprises an enclosed patio and yard.
The property is in Laguna Beach, near downtown, Surf & Sand Hotel, and local beaches. Public water and sewer serve the home.
The property is in Laguna Beach, near downtown, Surf & Sand Hotel, and local beaches. Public water and sewer serve the home.
Key Highlights
- Two bedrooms and two bathrooms in 1,150 square feet
- Enclosed patio and yard
- Central heating and central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,950
Suggested Prices Based on Cap Rates
Cap Rate 5%
$439,000
$439.0K
Cap Rate 7%
$313,571
$313.6K
Cap Rate 9%
$243,889
$243.9K
Market Conditions
NOI Build-Up for 1,150 SF
Gross rent
$41.4K $36.00/SF
− Vacancy
−$1.5K −$1.30/SF
EGI
$39.9K $34.70/SF
− OpEx
−$18.0K −$15.62/SF
NOI
$22.0K $19.09/SF
Area
Orange County, CA
Vacancy
3.60%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$439,000
Cap Rate 7%
$313,571
Cap Rate 9%
$243,889
Alternative Uses
Best Use
Apartment 5plus
$313.6K
$274.4K – $365.8K
NOI $21,950 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$386.3K
$338.0K – $450.6K
NOI $27,038 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,689
Businesses Nearby
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Business Placement
Demographics for 92651, CA
24,096
Population
13,913
Households
1.7
Avg Household Size
52
Median Age
68%
College-Educated
98%
High-School Grad
22.1 sq mi
ZIP Area
1,090
Density / Sq Mi
$143,569
Median Household Income
$77,830
Median Earnings
$2,812
Median Rent
$2,000,001
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Laguna Beach, CA
Properties on Market for Residential income properties in Laguna Beach
Frequently Asked Questions
What type of property is this?
Residential income property - The remodeled residence includes a private yard, central air conditioning, and essential household appliances.
Where is this residential income property located?
The property is located at 1550 Glenneyre Street Laguna Beach, CA.
What are key features of this property?
This property features: Two bedrooms and two bathrooms in 1,150 square feet; Enclosed patio and yard; Central heating and central air conditioning
