$ 4,585,000
363 Park Avenue Laguna Beach, CA 92651
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$ 4,585,000
Est. payment /mo
Active
363 Park Avenue Laguna Beach, CA 92651
11 Beds
7 Baths
3,960 SqFt
UPDATED:
11/11/2024 03:15 AM
Key Details
Property Type Condo
Listing Status Active
Purchase Type For Sale
Square Footage 3,960 sqft
Price per Sqft $1,157
MLS Listing ID LG24217955
Style All Other Attached
Bedrooms 11
Full Baths 7
HOA Y/N No
Year Built 1923
Lot Size 5,998 Sqft
Acres 0.1377
Property Description
Unique multi-structure residential property in the heart of downtown Laguna Beach, less than 2 blocks from Forest Avenue Promenade, Hotel Laguna and Main Beach (Walkscore 97)! Property includes 4 structures - a larger 2-level main home on 504 Goff Street, PLUS 3 separate income-generating cottages or guest houses on Park Avenue! This is a rare opportunity to live in a sizable ocean-view home in the heart of downtown, and benefit from income from the multiple other units on the property. The main home has 3 bedrooms and 2 bathrooms on the upper level, all recently remodeled, with ocean views from the main living spaces, and a large deck in the rear and a covered patio and yard. At street level is a studio/bedroom with bathroom and kitchenette and a separate entrance, currently detached from the upstairs space. Also at street level are a 2-car garage, plus a second studio/office with a half bath. The building on Goff currently serves as a functional triplex, with the two street-level studios rented separately, although they are non-conforming per the city. One or both of the studios could be reconnected to the upstairs living space. Plans have been submitted to the city to recognize one as an ADU. This larger structure has a total of about 1903 square feet of living space - upstairs space is approximately 1273, the larger studio about 414, and the smaller studio about 216. In addition to the 2-car garage, there are 2 off-street private parking spaces. In addition to the larger home. on Goff, the property includes THREE separate standalone bungalows at 363, 371 and 379 Park Av
Unique multi-structure residential property in the heart of downtown Laguna Beach, less than 2 blocks from Forest Avenue Promenade, Hotel Laguna and Main Beach (Walkscore 97)! Property includes 4 structures - a larger 2-level main home on 504 Goff Street, PLUS 3 separate income-generating cottages or guest houses on Park Avenue! This is a rare opportunity to live in a sizable ocean-view home in the heart of downtown, and benefit from income from the multiple other units on the property. The main home has 3 bedrooms and 2 bathrooms on the upper level, all recently remodeled, with ocean views from the main living spaces, and a large deck in the rear and a covered patio and yard. At street level is a studio/bedroom with bathroom and kitchenette and a separate entrance, currently detached from the upstairs space. Also at street level are a 2-car garage, plus a second studio/office with a half bath. The building on Goff currently serves as a functional triplex, with the two street-level studios rented separately, although they are non-conforming per the city. One or both of the studios could be reconnected to the upstairs living space. Plans have been submitted to the city to recognize one as an ADU. This larger structure has a total of about 1903 square feet of living space - upstairs space is approximately 1273, the larger studio about 414, and the smaller studio about 216. In addition to the 2-car garage, there are 2 off-street private parking spaces. In addition to the larger home. on Goff, the property includes THREE separate standalone bungalows at 363, 371 and 379 Park Avenue. These bungalows are some of the original "Olympic Cottages," brought to Laguna after the Los Angeles Olympics in the 30s and completely restored with updated kitchens and baths. They are all rented separately. While iconic in Laguna Beach, these cottages are not on the historic register, but are on the city Historic Inventory with a rating of E (Exceptional) - meaning that they could be historically registered, and under the Mills Act, might benefit from substantially reduced property taxes. Each of the standalone bungalows is 1 or 2 bedrooms with wood-burning fireplace, private laundry, front porch and private rear deck. Each standalone bungalow is approximately 659, 692 and 706 square feet. Rent rolls for the property are available.
Unique multi-structure residential property in the heart of downtown Laguna Beach, less than 2 blocks from Forest Avenue Promenade, Hotel Laguna and Main Beach (Walkscore 97)! Property includes 4 structures - a larger 2-level main home on 504 Goff Street, PLUS 3 separate income-generating cottages or guest houses on Park Avenue! This is a rare opportunity to live in a sizable ocean-view home in the heart of downtown, and benefit from income from the multiple other units on the property. The main home has 3 bedrooms and 2 bathrooms on the upper level, all recently remodeled, with ocean views from the main living spaces, and a large deck in the rear and a covered patio and yard. At street level is a studio/bedroom with bathroom and kitchenette and a separate entrance, currently detached from the upstairs space. Also at street level are a 2-car garage, plus a second studio/office with a half bath. The building on Goff currently serves as a functional triplex, with the two street-level studios rented separately, although they are non-conforming per the city. One or both of the studios could be reconnected to the upstairs living space. Plans have been submitted to the city to recognize one as an ADU. This larger structure has a total of about 1903 square feet of living space - upstairs space is approximately 1273, the larger studio about 414, and the smaller studio about 216. In addition to the 2-car garage, there are 2 off-street private parking spaces. In addition to the larger home. on Goff, the property includes THREE separate standalone bungalows at 363, 371 and 379 Park Avenue. These bungalows are some of the original "Olympic Cottages," brought to Laguna after the Los Angeles Olympics in the 30s and completely restored with updated kitchens and baths. They are all rented separately. While iconic in Laguna Beach, these cottages are not on the historic register, but are on the city Historic Inventory with a rating of E (Exceptional) - meaning that they could be historically registered, and under the Mills Act, might benefit from substantially reduced property taxes. Each of the standalone bungalows is 1 or 2 bedrooms with wood-burning fireplace, private laundry, front porch and private rear deck. Each standalone bungalow is approximately 659, 692 and 706 square feet. Rent rolls for the property are available.
Location
State CA
County Orange
Area Oc - Laguna Beach (92651)
Interior
Fireplaces Type FP in Living Room, Other/Remarks
Laundry Other/Remarks
Exterior
Garage Garage
Garage Spaces 2.0
View Mountains/Hills, Ocean, City Lights
Total Parking Spaces 2
Building
Lot Description Corner Lot, Sidewalks
Story 2
Lot Size Range 4000-7499 SF
Sewer Public Sewer, Sewer Paid
Water Public
Level or Stories 1 Story
Others
Miscellaneous Urban
Acceptable Financing Cash, Cash To New Loan
Listing Terms Cash, Cash To New Loan
Special Listing Condition Standard
Listed by Kenneth (Chris) Guziak • Coldwell Banker Realty