Furnished Three-Bedroom Short-Term
For Sale
Contact for pricing
31922 Virginia Way, Laguna Beach, CA 92651
Laguna Beach, CA
Property Size1,556 SF
Lot Size0.12 Acres
Price / SF$4.82
Days on Market360
Property Features for 31922 Virginia Way
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Family Room, Laundry Room, Bedroom 2
Parking
1
Parking features
Driveway
Window features
Screens
Patio and Porch features
Deck
Interior features
Beamed Ceilings, Ceiling Fan(s), Living Room Deck Attached, Cathedral Ceiling(s), Granite Counters
Appliances
Disposal, Microwave, Refrigerator, Gas Water Heater, Dishwasher, Gas & Electric Range
Subdivision
South Laguna Village (SLV)
Lot features
0-1 Unit/ Acre
View
Ocean
Elementary school
El Morro
Middle school
Thurston
High school
Laguna Beach
Elementary school district
Laguna Beach Unified
Middle school district
Laguna Beach Unified
High school district
Laguna Beach Unified
Directions
South on PCH, turn left on 8th Ave and left on Virginia Way. Cross streets 8th Ave and Virginia Way
Standard status
Active
APN
05613033
Size
1,556 SF
Lot size
0.12 Acres
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Central
Water source
Public
Building Details
Year built
1939
Floors in Building
1
Number of units
1
Flooring type
Wood, Carpet, Stone
Building materials
Stucco
Roof type
Asphalt
Listing Agency:
Niguel Point Properties
(949) 216-0055
Listed By:
Candice Blair · License #01395953
(949) 466-0620
Added: Oct 22, 2025
Changed: Oct 13
Last Checked: Oct 16 at 2:06PM
MLS# OC25235330
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This fully furnished upper unit offers 1,556 square feet with three bedrooms and two full bathrooms. The residence includes a living area, laundry room, family room, and a full kitchen equipped with stainless-steel appliances, granite counters, a dishwasher, refrigerator, microwave, disposal, and gas and electric range. Interior finishes combine wood, stone, and carpet flooring with beamed and cathedral ceilings. Central forced-air heating, ceiling fans, and a deck are also provided.
Two private balconies offer Pacific views, with outdoor access from the primary suite and first guest room. The property sits on a 0.12-acre lot in South Laguna Beach, steps from the sand, and includes driveway parking. Public water and public sewer serve the property. Originally built in 1939, the structure has stucco construction and an asphalt roof.
Two private balconies offer Pacific views, with outdoor access from the primary suite and first guest room. The property sits on a 0.12-acre lot in South Laguna Beach, steps from the sand, and includes driveway parking. Public water and public sewer serve the property. Originally built in 1939, the structure has stucco construction and an asphalt roof.
Key Highlights
- Fully furnished 3‑bedroom, 2‑bath upper unit
- 1,556 square feet on a 0.12‑acre lot
- Two private balconies with Pacific views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,700
Suggested Prices Based on Cap Rates
Cap Rate 5%
$594,000
$594.0K
Cap Rate 7%
$424,286
$424.3K
Cap Rate 9%
$330,000
$330.0K
Market Conditions
NOI Build-Up for 1,556 SF
Gross rent
$56.0K $36.00/SF
− Vacancy
−$2.0K −$1.30/SF
EGI
$54.0K $34.70/SF
− OpEx
−$24.3K −$15.62/SF
NOI
$29.7K $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%
$594,000
Cap Rate 7%
$424,286
Cap Rate 9%
$330,000
Alternative Uses
Best Use
Apartment 5plus
$424.3K
$371.3K – $495.0K
NOI $29,700 @ 7.0% cap · market cap 396.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$522.6K
$457.3K – $609.7K
NOI $36,584 @ 7.0% cap · market cap 487.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
590
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Short term rental property - Fully furnished upper-level coastal residence with Pacific views, private outdoor decks, and a complete kitchen.
Where is this short term rental property located?
The property is located at 31922 Virginia Way Laguna Beach, CA.
What are key features of this property?
This property features: Fully furnished 3‑bedroom, 2‑bath upper unit; 1,556 square feet on a 0.12‑acre lot; Two private balconies with Pacific views
