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! 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!
Property Type
ResidentialCounty
OrangeStyle
ResidentialAD ID
47403832
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Property Details
-
Interior Features
Bedroom Information
- Total Bedrooms : 11
Bathroom Information
- Total Baths: 7
- Full Baths: 7
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer,Sewer Tap Paid
Interior Features
- Fireplace: Living Room,See Remarks
Cooling Features
- None
- Air Conditioning
Fireplace
- Fireplace Features: Living Room,See Remarks
- Has Fireplace: 1
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Exterior Features
Building Information
- Year Built: 1923
Pool Features
- None
Laundry Features
- See Remarks
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1377
- Lot Size Source: Assessor
- Lot Size Square Feet: 5998
-
Listing Information
Listing Price Information
- Original List Price: 4,485,000
- Listing Contract Date: 2024-10-20
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 64401101
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Driveway Level,Garage,Off Street,On Street
- Attached Garage: Yes
Homeowners Association
Rental Info
- Lease Term: Negotiable
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School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: LV - Laguna Village
- Postal Code Plus 4: 2334
- Directions: PCH to Park Avenue, 1.5 blocks from Main Beach
- Source Property Type: Residential
- Area: LV - Laguna Village
- Property SubType: Quadruplex
Building and Construction
- Property Age: 101
- Common Walls: No Common Walls
- Structure Type: Quadruplex
- Year Built Source: Assessor
- Total Square Feet Living: 3960
- Entry Level: 1
- Entry Location: street
- Levels or Stories: One,Two
- Building Total Stories: 1
- Structure Type: Quadruplex
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BuyOwner last updated this listing 12/25/2024 @ 00:13
- MLS: LG24217955
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 11 bedrooms which is for sale, it has 3,960 sqft, 5,998 sized lot, and 2 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Laguna Beach , in zip code 92651, this Orange County Home , it is in the North Laguna (NL) Subdivision, are nearby neighborhoods.