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363 Park Avenue

Laguna Beach, CA 92651

$4,585,000

List Price

11

bed Beds

7

shower Baths

3,960 sqft

straighten / sqft

1923

calendar_month Built

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.

Listing Information

List Price $4,585,000
Status Active
MLS LG24217955
HOA $0
Type Residential
Subtype Quadruplex
Year Built 1923
Lot Size 5,998
Structure Size 3,960
DOM 20
Courtesy Of Coldwell Banker Realty
Listing Agent Kenneth Guziak DRE#01487719

Interior Features

Laundry Information
Location(s) See Remarks
Total Bedroom
Bedrooms 11
Total Bathroom
Bathrooms 7
Fireplace Information
Features Living Room, See Remarks
Cooling Type
Cooling Type None

Exterior Information

Maps

home_work Nearby Properties

Image

$4,585,000

king_bed N/A
shower N/A
straighten N/A
straighten 6,174
363 Park Avenue,

Laguna Beach, CA 92651
Image

$4,695/month

king_bed 2
shower 1
straighten 670
straighten 1,000
363 Park Ave.,

Laguna Beach, CA 92651
Image

$4,995/month

king_bed 2
shower 1
straighten 650
straighten 800
397 Park,

Laguna Beach, CA 92651
Image

$3,200/month

king_bed 1
shower 1
straighten 604
straighten 6,098
525 Catalina , #H,

Laguna Beach, CA 92651
Image

$3,400/month

king_bed 1
shower 1
straighten 604
straighten 6,098
525 Catalina , #B,

Laguna Beach, CA 92651

Listing information courtesy of: Kenneth Guziak, Coldwell Banker Realty 949-285-0509. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 10th, 2024 at 9:42 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.