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$ 4,485,000
Est. payment /mo
Price Dropped by $100K
363 Park AVE Laguna Beach, CA 92651
6,174 Sqft Lot
UPDATED:
12/19/2024 06:17 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRLG24154092
Originating Board California Regional MLS
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 non-conforming triplex, with 2 street-level studios rented separately. 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. Also at street level is a second studio/office with bathroom. Plus a 2-car garage. Plans have been submitted to the city to recognize one of the studios as an Auxiliary Dwelling Unit (ADU). Altogether the home on Goff has about 1903 square feet of living space - upstairs
Location
State CA
County Orange
Area Lv - Laguna Village
Interior
Laundry Other
Exterior
Garage Spaces 6.0
Pool 31, None
View Hills, Ocean, City Lights
Building
Story One Story
Sewer Sewer Available
Water District - Public
Others
Tax ID 64401101
Special Listing Condition Not Applicable
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Listed by Kenneth (Chris) Guziak • Coldwell Banker Realty