363 Park Avenue, Laguna Beach, CA 92651
-
Listed Price :
$4,585,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
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Year Built :
1923
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 includes a legal duplex at 502/504 Goff Street -- plus 3 standalone bungalows at 363, 371 and 379 Park Avenue. Duplex has a larger ocean view apartment upstairs, a legal studio underneath -- and also a currently non-conforming 2nd studio underneath. Plans have been submitted to expand the non-conforming studio as larger, legal Auxiliary Dwelling Unit (ADU), bringing the total unit count on property to 6. This plan includes expanding the neighboring legal studio into a 1-bedroom unit with higher rent potential. 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 LA 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 502 Goff is approximately 1153 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.
Interior Features
| Laundry Information |
| Location(s) |
Inside |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
363 Park Avenue |
| City |
Laguna Beach |
| State |
CA |
| Zip |
92651 |
| County |
Orange |
| Listing Agent |
Kenneth (Chris) Guziak DRE #01487719 |
| Courtesy Of |
Coldwell Banker Realty |
| List Price |
$4,585,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Mixed Use |
| Structure Size |
N/A |
| Lot Size |
6,174 |
| Year Built |
1923 |
Listing information courtesy of: Kenneth (Chris) Guziak, Coldwell Banker Realty. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 18th, 2024 at 11:32 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.
