1553 Arroyo Drive
Laguna Beach, CA, 92651 $ 2,150,000
Baths1.0 Sq 1,488 Monthly Estimate*
$ 13,575
Listed by Bon Life Real Estate Corporation
Studio for $2,150,000 with 1 full bath. This 1,488 square foot home was built in 1929 on a lot size of 0.17.
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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FeaturesGeneralSewer Public Sewer
Cooling Central Air
Utilities Cable Connected Electricity Connected Natural Gas Connected Phone Connected Sewer Connected Water Connected
Roof Composition
HOA Fee 0
Garage Spaces 0
Pool Features None
Year Built 1929
View Canyon
Stories Count 2
Levels Two
Property Subtype Duplex
Gross Income 115200
Community Features Biking Dog Park Hiking Near National Forest Sidewalks
County Orange
Net Operating Income 77013
Operating Expense 34731
Insurance Expense 4800
New Construction false
Property Type Residential Income
HOA false
Contingency None
Subdivision Name Canyon (CYN)
Garage Y/N false
Special Listing Conditions Standard
Status Pending
Directions GPS
City Laguna Beach
Entry Location 1 2
Senior Community Y/N false
Number Of Units Total 2
MLS Area LC - Laguna Canyon
Lot Size Units Square Feet
Lot Size Square Feet 7405
Number of Units Leased 0
Listing Terms Cash Cash to Existing Loan Cash to New Loan Conventional Submit
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 3000
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 600
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Pending
Year Built Source Public Records
Tax Lot 1
Property Sub Type Additional Duplex
Expected Active Date 2026-05-11
Cap Rate 3.58
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InteriorInterior Amenities Bedroom on Main Level Main Level Primary
Flooring Vinyl Wood
Fireplace Features Living Room
Total Stories 2
Common Walls 1 Common Wall
Air Conditioning Y/N true
Fireplace Y/N true
Laundry Features Laundry Room Upper Level
Entry Level 1
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ExteriorParking Features Driveway
Lot Features Back Yard Garden Landscaped
Water Source Public
Total Parking 0
Lot Size Area 7405
Number of Buildings 1
Building Area Total 1488
Lot Size Acres 0.17
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 1
Number of Separate Electric Meters 1
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* Excluded FeaturesList ByBon Life Real Estate CorporationBroker
Affordability Calculator
- Monthly Principal & Interest
- $13,575
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Laguna Beach, CA
Average List Price $5,220,560
Percent of Sale Price 143%
About Laguna Beach, CA 23,318 Population
1% Since 2002
$ 107,228 Median Income
51.06 Median Age
20% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/11/2026 | $2,150,000 | | Listed Price |