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Flo Bullock

[email protected] +1(949) 285-6234

$ 4,585,000

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Open 10/27 12PM-4PM

363 Park AVE Laguna Beach, CA 92651

19 Beds

7 Baths

5,998 Sqft Lot

OPEN HOUSE

Sun Oct 27, 12:00pm - 4:00pm

UPDATED:

10/27/2024 04:04 PM

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Subdivision The Village (Vil)

MLS Listing ID LG24217955

Bedrooms 19

Full Baths 7

HOA Y/N No

Year Built 1923

Lot Size 5,998 Sqft

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 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 Lv - Laguna Village

Rooms

Main Level Bedrooms 3

Ensuite Laundry See Remarks

Interior

Laundry Location See Remarks

Cooling None

Fireplaces Type Living Room, See Remarks

Fireplace Yes

Laundry See Remarks

Exterior

Garage Driveway Level, Garage, Off Street, On Street

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Street Lights, Sidewalks, Urban, Marina

View Y/N Yes

View City Lights, Hills, Ocean

Parking Type Driveway Level, Garage, Off Street, On Street

Attached Garage Yes

Total Parking Spaces 2

Private Pool No

Building

Lot Description Corner Lot, Near Public Transit, Walkstreet, Yard

Dwelling Type Duplex

Story 2

Entry Level One,Two

Sewer Public Sewer, Sewer Tap Paid

Water Public

Level or Stories One, Two

New Construction No

Schools

School District Laguna Beach Unified

Others

Senior Community No

Tax ID 64401101

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Listed by Kenneth Guziak • Coldwell Banker Realty • 949-285-0509

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Flo Bullock

REALTOR® | License ID: 01343119

+1(949) 285-6234 | [email protected]

Flo Bullock

Flo Bullock

363 Park AVE Laguna Beach, CA 92651

OPEN HOUSE

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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363 Park AVE