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
MLS #
CRLG24154092
MLS Source
California Regional MLS
Days on Site
100
Appliances
Other
Garage/Parking
Garage: 2 Car(s)
# Buildings | # Leased Units | # Total Units |
---|---|---|
4 | 6 | – |
363 Park Ave is a Residential Income in Laguna Beach, CA 92651. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $4,585,000 and was built in 1923.
This address can also be written as 363 Park Ave, Laguna Beach, CA 92651.©2024 California Regional MLS. All rights reserved. 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. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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This listing information is up-to-date as of October 30, 2024. For the most current information, please contact Kenneth (Chris) Guziak, (949) 285-0509