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363 Park Avenue
Laguna Beach, CA, 92651
$4,585,000
11 Beds
7 Baths
3,960 SqFt
0.14 Acres
MLS #LG24217955 img 0MLS #LG24217955 img 1MLS #LG24217955 img 2MLS #LG24217955 img 3MLS #LG24217955 img 4MLS #LG24217955 img 5MLS #LG24217955 img 6MLS #LG24217955 img 7MLS #LG24217955 img 8MLS #LG24217955 img 9
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 is a studio/bedroom with bathroom and kitchenette and a separate entrance, currently detached from the upstairs space. Also at street level are a 2-car garage, plus a second studio/office with a half bath. The building on Goff currently serves as a functional triplex, with the two street-level studios rented separately, although they are non-conforming per the city. 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!

Property Details

Price:
$4,585,000
MLS #:
LG24217955
Status:
Active
Beds:
11
Baths:
7
Address:
363 Park Avenue
Type:
Single Family
Subtype:
Quadruplex
Subdivision:
The Village VIL
Neighborhood:
lvlagunavillage
City:
Laguna Beach
Listed Date:
Oct 20, 2024
State:
CA
Finished Sq Ft:
3,960
ZIP:
92651
Lot Size:
5,998 sqft / 0.14 acres (approx)
Year Built:
1923
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Thank you for visiting my website. I am Leanne Lager. I have been lucky enough to call north county my home for over 22 years now. Living in Carlsbad has allowed me to live the lifestyle of my dreams. I graduated CSUSM with a degree in Communications which has allowed me to utilize my passion for both working with people and real estate. I am motivated by connecting my clients with the lifestyle of their dreams. I joined Turner Real Estate based in beautiful downtown Carlsbad Village and found …

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Schools

Interior

Cooling
None
Fireplace Features
Living Room, See Remarks

Exterior

Community Features
Sidewalks, Street Lights, Urban
Garage Spaces
2.00
Lot Features
Corner Lot, Near Public Transit, Walkstreet, Yard
Parking Features
Driveway Level, Garage, Off Street, Street
Parking Spots
2.00
Pool Features
None
Sewer
Public Sewer, Sewer Paid
Stories Total
2
View
City Lights, Hills, Ocean
Water Source
Public

Financial

Association Fee
0.00

Map

Community

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363 Park Avenue
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