Property listed by Coldwell Banker Realty, Kenneth Guziak 949-285-0509
$4,585,000
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… Read More 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, non-conforming studio/office. As a legal duplex and functional triplex, the two street-level studios are rented separately, although one or both of them could be reconnected to the upstairs living space. The 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 non-conforming studio about 216. ---- In addition to the larger home, 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. These cottages are not on the historic register, but are on the city Historic 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 approximately 659, 692 and 706 square feet. Read Less
Listing Snapshot
Days Online
1
Last Updated
Property Type
Duplex
Beds
19
Full Baths
5
Square Ft.
3,960
Lot Size
0.14 Acres
Year Built
1923
MLS Number
LG24217955
30 Days Snapshot Of 92651
$
+4%
(avg) sold price
15
-11%
homes sold
96
+2%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1923, Levels: One, Two, Living area: 3960, 1 story, Common walls: NoCommonWalls
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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