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$4,485,000
64 Days On Site

363 Park Avenue
Laguna Beach, CA 92651

For Sale|Quadruplex|Active
11
Beds
7
Full Baths
0
Partial Baths
3,960
SqFt
$1,133
/SqFt
1923
Built
Subdivision:
The Village (VIL)
County:
Orange
Listed by Kenneth Guziak of Coldwell Banker Realty [email protected]

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363 Park Avenue363 Park Avenue363 Park Avenue363 Park Avenue
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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 are TWO studios, each with a bathroom and one with kitchenette, and separate entrances, currently detached from the upstairs space. Also at street level is a 2-car garage. As such, building on Goff currently serves as a triplex, with the 2 street-level studios rented separately, although they are non-conforming - the city considers the building to be single-family. 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 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 approx. 659, 692 and 706 square feet. Rent rolls for the property are available. The adjoining parcel, 389 & 397 Park Ave, containing 2 similar cottages, plus plans for a 3rd ADU cottage, is available for purchase from the same owner!

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Listing Snapshot
Price 
$4,485,000
Days On Site 
64 Days
Bedrooms 
11
Inside Area (SqFt) 
3,960 sqft
Total Baths 
7
Full Baths 
7
Partial Baths 
N/A
Lot Size 
0.1377 Acres
Year Built 
1923
MLS® Number 
LG24217955
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
5 days agoPrice changed to $4,485,000
5 days agoListing updated with changes from the MLS®
2 months agoStatus changed to Active
2 months agoListing first seen on site
General Features
Acres 
0.1377
Attached Garage 
Yes
Garage 
Yes
Garage Spaces 
2
Number Of Stories 
2
Parking 
GarageOff StreetOn StreetAttached
Parking Spaces 
2
Property Sub Type 
Quadruplex
Sewer 
Public Sewer
Special Circumstances 
Standard
Stories 
OneTwo
Water Source 
Public
Interior Features
Fireplace 
Yes
Fireplace Features 
Living RoomSee Remarks
Laundry Features 
See Remarks
Main Level Bedrooms 
3
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Exterior Features
Lot Features 
Corner LotNear Public Transit
Pool Features 
None
View 
CityCity LightsHillsOcean
Waterview 
CityCity LightsHillsOcean
Community Features
Building Access 
street
Community Features 
Street LightsSidewalks
Financing Terms Available 
Cash
MLS Area 
LV - Laguna Village
School District 
Laguna Beach Unified
Schools
School District
Laguna Beach Unified
Elementary School
Unknown
Middle School
Unknown
High School
Unknown


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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