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Julian Park

julian@getrealvalley.com +1(818) 390-3265

$ 4,585,000

Est. payment -/mo

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Active

363 Park AVE Laguna Beach, CA 92651

4,261 SqFt

UPDATED:

10/01/2024 04:51 PM

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 4,261 sqft

Price per Sqft $1,076

Subdivision The Village (Vil)

MLS Listing ID LG24154092

HOA Y/N No

Year Built 1923

Lot Size 6,172 Sqft

Acres 0.1417

Property Description

Unique investment property in the heart of downtown Laguna Beach, just 2 blocks from Forest Avenue Promenade, Hotel Laguna and Main Beach (Walkscore 97). Property consists of a triplex at 502/504 Goff Street -- plus 3 standalone bungalows at 363, 371 and 379 Park Avenue. Triplex has a larger ocean view penthouse apartment upstairs, a studio underneath, as well as a 2nd, non-conforming studio at street level. Plans have been submitted to expand the non-conforming studio into a larger Auxiliary Dwelling Unit (ADU). This plan includes expanding the neighboring legal studio into a 1-bedroom unit with higher rent potential. ADU expansion plans would convert the existing 2-car garage. New owner may complete the ADU approval and finish it out as desired. The 3 bungalows are among the original "Olympic Cottages," brought to Laguna after the Los Angeles Olympics in the 30s and completely restored with updated kitchens and baths. 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, could benefit from substantially reduced property taxes. The upstairs 3-bedroom apartment at 504 Goff is approximately 1273 square feet and has a large private deck in the rear and ocean views from the front. Each of the standalone bungalows is 1 or 2 bedrooms with wood-burning fireplace, private laundry, front porch and private rear deck. In addition to architectural plans for the ADU apartment and lot partitioning, owner has modernized the electrical systems for all the units.

Location

State CA

County Orange

Area Lv - Laguna Village

Rooms

Ensuite Laundry Inside

Interior

Laundry Location Inside

Fireplace No

Laundry Inside

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Biking, Curbs, Hiking, Street Lights, Sidewalks, Urban, Park

View Y/N Yes

View City Lights, Hills, Ocean

Total Parking Spaces 6

Private Pool No

Building

Lot Description Back Yard, Near Park, Near Public Transit, Walkstreet

Story 2

Entry Level One

Sewer Public Sewer, Sewer Tap Paid

Water Public

Level or Stories One

New Construction No

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 (Chris) Guziak • Coldwell Banker Realty • 949-285-0509

Julian Park

Broker, Loan Officer | License ID: 02018567

+1(818) 390-3265

Julian Park

363 Park AVE Laguna Beach, CA 92651

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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363 Park AVE