ActiveResidential · sale

31172 Ceanothus Drive

Laguna Beach, CA 92651

$7,500,000

  • 3 beds
  • 3 baths
  • 2,462 sq ft
  • 0.45 acres
  • Built 1937

Listed by Agents of Architecture, Inc. · MLS #26976839

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31172 Ceanothus Drive, Laguna Beach, CA 92651 · MLS #26976839

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A FEW THINGS TO NOTICE

What stands out.

Additional spaces

The residence features a two-bedroom, two-and-a-half-bathroom main floor with a lower-level guest suite, situated on an almost 20,000 sqft. lot.

Details worth a look

An original spiral staircase leads to the rooftop deck, which offers 360-degree elevated ocean and surrounding views, where a steel-casement window serves as a wind screen for dining, relaxing and entertainment.

Year built

Built in 1937.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

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The Richard Halliburton | Hangover House, designed by architect William Alexander Levy, circa 1937, is a very rare example of early 20th-century modern architecture using concrete and steel. Originally built for Halliburton, an American travel writer and adventurer, the name, Hangover House, comes from its positioning: perched 600-feet above the Pacific Ocean with incredible sweeping views up and down the coast, transitioning to east-facing views overlooking Aliso Canyon. The residence features a two-bedroom, two-and-a-half-bathroom main floor with a lower-level guest suite, situated on an almost 20,000 sqft. lot. An original spiral staircase leads to the rooftop deck, which offers 360-degree elevated ocean and surrounding views, where a steel-casement window serves as a wind screen for dining, relaxing and entertainment. The entire structure has been restored (concrete and steel were reinforced), and new plumbing and electrical systems are in place. Now the home just awaits the personalized touches of its next steward. The remaining work primarily includes finishing the kitchen and bathrooms (cabinets, fixtures and hardware), in addition to completing the lower guest suite. This unique offering also includes the neighboring lot (approx. 10,000 sqft.), which comes with approved plans (designed by LA architect, Marc Whipple) for a contemporary concrete and glass guest house (1149 sqft.), with an infinity-edge pool between the two residences, all connected by concrete steps. Originally featured in a 1938 edition of Architectural Record, the Hangover House is considered by many architectural historians to be among the early masterpieces of modern residential architecture in Southern California. This is an extremely rare opportunity to own an architectural trophy property with the option to merge the iconic original residence with a side-by-side contemporary example, all overlooking the Pacific Ocean in the heart of South Laguna Beach...

THE NEIGHBORHOOD

Explore the location.

31172 Ceanothus Drive, Laguna Beach, CA 92651

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LOCAL MARKET CONTEXT

Orange County housing market

See the broader conditions surrounding this property through ERA Brokers Consolidated research.

12-month price trend$1,230,134Up 2.6% vs. the previous 12 months
Months of supply2.912-month average
Days on market3712-month weighted average

These figures describe the broader reporting area and do not determine this property’s value, condition, availability, or likely sale price.

THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1937
Full baths
2
Half baths
1
Garage spaces
2
Cooling
None
Fencing
None
Pool
No
Pool features
None
Spa
No
Zoning
R1
Parcel
05605180

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$31,250.00
Cap rate

Annual operating income:

HOA: No HOA cost is included because the listing source does not report one. Confirm whether HOA dues apply before relying on this estimate.

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

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  2. Make a strong first impression.

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  3. Stay connected to your investment.

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Stone-front home with a landscaped lawn and central entry
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Listing information

MLS #26976839 · California Regional MLS

Listing brokerage: Agents of Architecture, Inc.
Listing agent: Jeff Walker

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.