One-Bedroom Bungalow
2836 Wards Terrace, Laguna Beach, CA 92651
For Sale
Contact for pricing
Laguna Beach, CA
Property Size750 SF
Lot Size0.05 Acres
Price / SF$4.67
Days on Market15
Property Features for 2836 Wards Terrace
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Patio and Porch features
Fireplace
Appliances
Subdivision
Lot features
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Utilities
Utilities
Sewer type
Heating system
Water source
Amenities
front patio
gas fireplace
walk-in closet
side-yard storage
shared laundry
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Architectural style
Listing Agency:
Compass
(949) 438-4340
Listed By:
Paulo Prietto · License CA #01878796
(949) 375-6778
Added: Oct 31
Changed: Nov 10
Last Checked: Nov 14 at 8:06AM
MLS# LG26234527
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 750-square-foot, one-bedroom lower residence is part of a bungalow built in 1927. The kitchen has a gas range, butcher-block counters, bar seating, custom cabinetry and a dishwasher. A gas fireplace serves the living area, while a walk-in closet and side-yard storage provide additional space. The residence also has a front patio, shared laundry and one reserved driveway parking space.
Located at 2836 Wards Terrace in Laguna Beach, the property is near Victoria Beach. The residence is offered unfurnished on a month-to-month lease, with electricity, gas, water and trash included. It is available immediately, and pets are not permitted.
Located at 2836 Wards Terrace in Laguna Beach, the property is near Victoria Beach. The residence is offered unfurnished on a month-to-month lease, with electricity, gas, water and trash included. It is available immediately, and pets are not permitted.
Key Highlights
- 750‑square‑foot, one‑bedroom lower residence
- Bungalow construction, built in 1927
- Updated kitchen with gas range, butcher‑block counters, bar seating and custom cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,315
Suggested Prices Based on Cap Rates
Cap Rate 5%
$286,300
$286.3K
Cap Rate 7%
$204,500
$204.5K
Cap Rate 9%
$159,056
$159.1K
Market Conditions
NOI Build-Up for 750 SF
Gross rent
$27.0K $36.00/SF
− Vacancy
−$972 −$1.30/SF
EGI
$26.0K $34.70/SF
− OpEx
−$11.7K −$15.62/SF
NOI
$14.3K $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%
$286,300
Cap Rate 7%
$204,500
Cap Rate 9%
$159,056
Alternative Uses
Best Use
Apartment 5plus
$204.5K
$178.9K – $238.6K
NOI $14,315 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$251.9K
$220.4K – $293.9K
NOI $17,634 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
854
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - A lower-level home pairs a private front patio with shared laundry and one reserved driveway space.
Where is this residential income property located?
The property is located at 2836 Wards Terrace Laguna Beach, CA.
What are key features of this property?
This property features: 750‑square‑foot, one‑bedroom lower residence; Bungalow construction, built in 1927; Updated kitchen with gas range, butcher‑block counters, bar seating and custom cabinetry
