Listed by Lance Nassau•DRE #01956545• Think Boutiq Real Estate
Contact: 562-714-3845
For sale
$2,599,000
Est. $16,843/mo —
2
bd
•
3 ba
•
1,118
sq ft
2937 Terry Rd, Laguna Beach, CA 92651
About this home
Welcome to your dream coastal lifestyle and premier investment opportunity at 2937 Terry Road, an exceptional beach-cottage duplex in the highly coveted Victoria Highlands neighborhood of South Laguna Beach. Perfect for an income-generating property, a multi-generational sanctuary, or an owner-occupant looking to live in one and rent the other, this versatile multi-family residence features a distinct one-unit-up, one-unit-down layout with ocean views from both levels. The upper unit boasts soaring vaulted ceilings and exposed wood beams full of character, while the expansive lower unit offers direct access to a beautifully manicured backyard, complete with a cozy gas fire pit and a dedicated outdoor dining area perfect for al fresco entertaining. Embracing the true essence of Southern California living, this property balances a peaceful neighborhood setting with effortless proximity to Laguna's world-famous amenities. Just a short distance away lies the pristine shoreline of Victoria Beach, home to the iconic pirate tower, easily accessible via a convenient pedestrian tunnel under Coast Highway. Residents will enjoy being moments from the legendary Montage Resort for five-star dining and cliffside sunsets, as well as the newly built Laguna Beach Community & Recreation Center for fitness and local events. Highlighting the unmatched convenience of this location, a nearby stop for the complimentary Laguna Beach trolley makes exploring the vibrant downtown village, upscale boutiques, and renowned art galleries entirely effortless. Discover a spectacular chance to capture the ultimate beach lifestyle and secure a prime piece of real estate in one of the world's most beautiful coastal destinations.
Upper Victoria Beach, located between Victoria Drive and the Pacific Coast Highway, is a coastal and residential Laguna Beach neighborhood with blufftop ocean views and a stair-stepped street grid. The neighborhood’s character concentrates around the Victoria Drive corridor near the iconic Pirate Tower, where beach stairs, surf checks, and camera-ready viewpoints set the daily rhythm. Landmark homes lean into mid-century lines and contemporary rebuilds, with pockets of classic beach cottages tucked along the slopes. The Montage Laguna Beach grounds and coastal trails frame the south edge with manicured paths and lookout points. Moulton Meadows Park adds open fields and courts above the shoreline. The scene reads quiet and design-forward, with the ocean as the constant backdrop.
Provided by Walk Score and Local Logic
Offer insights
2937 Terry Rd · $2,599,000
$2.59M and above
75% chance or better to win
Why $2.59M+ is a strong offer
DAYS ON MARKET
86 days
The average home goes pending in 59 days.
SALE-TO-LIST
96.0%
Most homes are selling 4% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Two levels
Entry on level 1
Bedrooms
Property contains three separate units (unit-level bedroom counts: two units with 1 bedroom each; third unit bedroom count not specified)
Bathrooms
Each unit has one full bathroom
Kitchen
No kitchen appliance details provided
Laundry & utility
Laundry available in closet
Laundry located outside
Heating & cooling
Zoned cooling
Exterior features
Back yard
No pool
Home design
Attached property
Two stories
Has a view
Located in the South Laguna Village (SLV) / Victoria Highlands area
Parking
Garage (total 2 garage spaces)
One uncovered parking space
Three total parking spaces
Construction
Year built sourced from assessor
Utilities
Public sewer
District/Public water
HOA & community
Community has street lighting and sidewalks
Financial info
Total actual rent reported: $10,200
Gross scheduled income: $127,800
Gross income: $127,800
Net operating income: $119,276
Operating expenses total: $8,524
Expenses broken out: Electric $1,700; Water/Sewer $1,620; Insurance $1,616; Gardener $1,680; Trash $648; Cable TV $900; Fuel $360
Three leased units across two buildings; total building area reported as 1,118
Other
Units rents reported individually: $2,095; $4,250; $4,300
Several units listed as partially furnished
Electricity and solar
View estimated energy costs and solar savings for this home
Opportunity to own a beach cottage style duplex in Laguna Beach with ocean views and walking distance to Victoria Beach, shopping and restaurants. This property features a 1 bedroom / 1 bath upper unit with vaulted cottage style ceilings, ocean view and open concept living area. Downstairs is 1 bedroom / 1 bath with, small ocean views and off the cute galley style kitchen, the back door leads you down to the spacious patio for entertaining or relaxing in the sunshine. Below the spacious 2 car garage there is an additional bonus room with a bathroom and extra sink. This wonderful property has great potential and just needs a little imagination and upgrading to become your destination vacation residence or income property. (More photos coming soon).
Public Records
Dec 5, 1986
Sold
$193,000
$173/sq ft
Public Records
Sep 5, 1986
Sold
$75,500
$68/sq ft
Public Records
Apr 13, 1983
Sold
$58,000
$52/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$13,110 (+3.1%)
$1,058,800 + $51,139
$1,109,939
2024
$12,714 (−1.3%)
$1,058,800 + $51,139
$1,109,939
2023
$12,876 (+2.7%)
$1,038,039 + $50,137
$1,088,176
2022
$12,531 (+2.8%)
$1,017,686 + $49,154
$1,066,840
2021
$12,192 (+2.0%)
$997,731 + $48,191
$1,045,922
2020
$11,955 (+8.2%)
$978,167 + $47,247
$1,025,414
2019
$11,050 (+119.0%)
$968,137 + $46,763
$1,014,900
2018
$5,045 (−1.5%)
$297,942 + $47,086
$345,028
2017
$5,122 (−1.2%)
$286,373 + $45,258
$331,631
2016
$5,186 (+2.2%)
$286,373 + $45,258
$331,631
2015
$5,073 (+2.2%)
$280,758 + $44,371
$325,129
2014
$4,962 (+0.7%)
$271,124 + $42,849
$313,973
2013
$4,926 (+2.2%)
$271,124 + $42,849
$313,973
2012
$4,820 (−0.2%)
$269,899 + $42,656
$312,555
2011
$4,829 (−0.3%)
$264,607 + $41,820
$306,427
2010
$4,842 (−0.3%)
$259,419 + $41,000
$300,419
2009
$4,858 (+3.7%)
$257,480 + $40,694
$298,174
2008
$4,683
$258,092 + $40,791
$298,883
Public record
Public record
Zoning
Permits
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
2,614 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Other
County
Orange County
APN
65616309
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 23, 2026.
R2
Residential Medium Density Zone
This zone is intended for medium density residential use, generally maintaining the same residential character as found in the R-1 zone. It is intended to implement the applicable provisions of the general plan, as amended from time to time.
Permitted uses
Include but are not limited to:
Day care facility
Housing-Single unit
Housing-Multiple units
Housing-Senior
Recreation
Park & open space
Jul 20, 2020 • Final
Building - residential - minor remodel
Electrical
Plumbing
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.46% chance of being in a wildfire in next 30 years
5/10 Heat Factor
7 days above 86° expected this year, 24 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Laguna Beach, CA • 92651
Average low and high temperatures (°F)
67
49
67
50
68
52
67
52
68
57
70
61
71
62
76
64
76
63
72
56
68
51
66
50
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 2937 Terry Rd
$2,471,466
$128K under list price of $2.60M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $1.3M to $2.5M.