$4,585,000
363 Park Avenue Laguna Beach, CA 92651
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Listed by Kenneth Guziak • Coldwell Banker Realty
$4,585,000
Est. payment /mo
4,261 SqFt
UPDATED:
10/31/2024 05:29 AM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,261 sqft
Price per Sqft $1,076
MLS Listing ID CRLG24154092
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1923
Lot Size 6,174 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! Currently there are six tenants on property - this is a rare income opportunity with great cash flow in the downtown district and potential upside. The single-family home on Goff now serves as a functional non-conforming triplex, with 2 street-level studios rented separately, although they are not recognized by the city. One or both of the studios could be reconnected to the upstairs living space to create a larger SFR if desired. The main home has 3 bedrooms and 2 bathrooms on the upper level, all recently remodeled, with ocean views from the main living spaces, 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, detached from the upstairs space and rented separately. Also at street level is a second studio/office with bathroom, also rented separately. Plus a 2-car garage. Plans have been submitted to the city to recognize one of the studios as an Auxiliary Dwel
Location
State CA
County Orange
Interior
Fireplace No
Laundry Inside
Exterior
View City Lights, Hills, Ocean
Building
Lot Description Other, Back Yard
Water Public
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