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363 Park Ave, Laguna Beach, CA 92651
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363 Park Ave Laguna Beach, CA 92651

$4,585,000
  • 8 Beds
  • 7 Baths
  • 4,261 Sq.Ft.
For Sale
$4,585,000 Get Pre-Qualified
Map preview of 363 Park Ave, Laguna Beach, CA 92651

Property Overview: 363 Park Ave Laguna Beach, CA has 8 bedrooms, 7 bathrooms, 4,261 living square feet and 6,174 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Unique investment property in the heart of downtown Laguna Beach, just 2 blocks from Forest Avenue Promenade, Hotel Laguna and Main Beach (Walkscore 97). Property includes a legal duplex at 502/504 Goff Street -- plus 3 standalone bungalows at 363, 371 and 379 Park Avenue. Duplex has a larger ocean view apartment upstairs, a legal studio underneath -- and also a currently non-conforming 2nd studio underneath. Plans have been submitted to expand the non-conforming studio as a 1-bedroom, legal Auxiliary Dwelling Unit (ADU), bringing the total unit count on property to 6. This plan includes expanding the neighboring legal studio into a 1-bedroom unit with higher rent potential. New owner may complete the ADU approval and finish it out as desired. The 3 bungalows are among the original "Olympic Cottages," brought to Laguna after the LA Olympics in the 30s and completely restored with updated kitchens and baths. The upstairs 3-bedroom apartment at 502 Goff is approximately 1153 square feet and has a large private deck in the rear and ocean views from the front. Each of the standalone bungalows is 1 or 2 bedrooms with wood-burning fireplace, private laundry, front porch and private rear deck. In addition to architectural plans for the ADU apartment and lot partitioning, owner has modernized the electrical systems for all the units.

Listed by Kenneth (Chris) Guziak | BRE #01487719 | Coldwell Banker Realty
Last checked: 9 minutes ago | Last updated: August 21st, 2024 | Source CRMLS | DOM: 50

Home details

Lot Sq. Ft
6,174
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Mixed Use
Status
Active
MLS#
LG24154092
City
Laguna Beach
County
Orange
Time on Site
51 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 4
  • # of Leased Units: 6
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 6
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,995
  • Total Rent: $3,995
  • Pro Forma/Market Rent: $4,250
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,200
  • Total Rent: $3,200
  • Pro Forma/Market Rent: $4,250
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,695
  • Total Rent: $3,695
  • Pro Forma/Market Rent: $3,750
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,265
  • Total Rent: $1,265
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,055
  • Total Rent: $1,055
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $6,500
  • Total Rent: $6,500
  • Pro Forma/Market Rent: $6,825
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $236,500
  • Net Operating Income: $187,300
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $49,200
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $48,000
  • Professional Management: $0
  • Water/Sewer: $0
  • Other Expenses: $1,200
  • Other Expense Description: gardenin

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Property Details for 363 Park Ave

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: Back Yard, Near Public Transit, Park Nearby, Walkstreet
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: City Lights, Hills, Ocean
  • Common Walls: No Common Walls
  • Total # of Units: 6
  • Parcel Number: 64401101
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: The Village (VIL)
  • Directions: PCH to Laguna Avenue (Park Avenue) - 2 blocks east to corner at Goff Street
Neighborhood Information
  • Community Features: Biking, Curbs, Hiking, Park, Sidewalks, Street Lights, Urban
View more facts & features

Local Laguna Beach Agent

Sale History for 363 Park Ave

Last leased for $6,000 on June 18th, 2023

  • July, 2024

  • Jul 26, 2024

    Date

    Active

    CRMLS: LG24154092

    $4,585,000

    Price

  • June, 2023

  • Jun 18, 2023

    Date

    Leased

    CRMLS: LG23015650

    $6,000

    Price

  • Jan 28, 2023

    Date

    Active

    CRMLS: LG23015650

    $5,950

    Price

  • Listing provided courtesy of CRMLS

    ON HOLD FOR REMODEL - BEAUTIFUL OCEAN VIEW REMODEL LOCATED IN PRIME LOCATION DOWNTOWN LAGUNA BEACH has become available! This 3 bedroom, 2 bath charming property offers a large grass downstairs patio area and an expansive ocean view upper deck. It includes brand new stainless steel appliances, new lighting fixtures, new paint, washer/dryer and a 2 car garage. It is a short stroll to some of the most spectacular beaches in Laguna Beach. Enjoy spectacular sunsets and stroll to downtown Laguna Beach which offers award winning restaurants, shops, theaters, art galleries and the iconic annual Sawdust Art Festival. The seaside resort town of Laguna Beach offers a lively lifestyle with art culture, miles of beautiful beaches and miles of hiking/mountain biking trails throughout an expanse natural preserve. In addition there is a strong family community with California distinguished schools. If looking for furnished rental, there is an option to have it furnished for an extra fee.

  • January, 2023

  • Jan 26, 2023

    Date

    Canceled

    CRMLS: 22184183

    $5,795,000

    Price

  • Jul 29, 2022

    Date

    Active

    CRMLS: 22184183

    $5,995,000

    Price

  • Listing provided courtesy of CRMLS

    363-97 Park Ave. & 502-504 Goff St. consists of 5 single-family cottages and a duplex on 2 adjacent parcels, in the heart of downtown Laguna Beach. One unit is non-conforming; see the Offering Memorandum for details.

  • October, 2022

  • Oct 12, 2022

    Date

    Leased

    CRMLS: LG22156423

    $5,500

    Price

  • Jul 17, 2022

    Date

    Active

    CRMLS: LG22156423

    $7,950

    Price

  • Listing provided courtesy of CRMLS

    BEAUTIFUL BRAND NEW OCEAN VIEW REMODEL LOCATED IN PRIME LOCATION DOWNTOWN LAGUNA BEACH has become available! This 3 bedroom, 2 bath charming property offers a large grass downstairs patio area and an expansive ocean view upper deck. It includes brand new stainless steel appliances, new lighting decor, new paint, washer/dryer and a 2 car garage. It is a short stroll to some of the most spectacular beaches in Laguna Beach. Enjoy spectacular sunsets and stroll to downtown Laguna Beach which offers award winning restaurants, shops, theaters, art galleries and the iconic annual Sawdust Art Festival. The seaside resort town of Laguna Beach offers a lively lifestyle with art culture, miles of beautiful beaches and miles of hiking/mountain biking trails throughout an expanse natural preserve. In addition there is a strong family community with California distinguished schools.

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Tax History for 363 Park Ave

Assessed Value (2020): $148,761
Year Land Value Improved Value Assessed Value
2020 $98,584 $50,177 $148,761

Home Value Compared to the Market

This property vs the competition

363 Park Ave is listed 7.88% higher than the median list price for the city of Laguna Beach which has a median list price of $4,250,000. The median price per/sqft for Laguna Beach is $1,814 and this home is listed at $1076.04 per/sqft which puts the price per square foot 40.68% lower than the median price per square foot for the city of Laguna Beach.

About 363 Park Ave

Detailed summary of property

363 Park Ave is a mixed use located in Laguna Beach, CA 92651 and is currently for sale. This mixed use property offers 8 bedrooms, 7 bathrooms, roughly 4,261 living square feet, and sits on an approximately 6,174 square foot lot. 363 Park Ave was first listed on ArdentRealEstateGroup.com on July 26, 2024. The homeowner is currently asking $4,585,000. The median priced home in Laguna Beach is $4,250,000 with a median price per square foot of $1,814. Based on Ardent Real Estate Group's Laguna Beach Market Data, this home is listed 7.88% higher than the median priced home. Local competing homes currently for sale include 338 Cedar Ave, 2260 Santa Fe Ave and 7836 Stewart And Gray Rd. While the average home in Laguna Beach, CA is selling in 94 days, 363 Park Ave has a days on market of 50 days. There are currently 198 homes for sale in the Laguna Beach real estate market and 179 of them are single family homes while 17 of them are condos and 2 are townhomes. For more information on this home for sale at 363 Park Ave Laguna Beach, CA 92651 contact Ardent Real Estate Group and we will put you in touch with one of our Laguna Beach agents.

Public Facts for 363 Park Ave

Public county record property details
Beds
1
Baths
1
Year built
1923
Sq. Ft.
453
Lot Size
6,914
Stories
1
Type
Single Family Residential
Pool
No
Spa
No
County
Orange
Lot#
--
APN
644-011-01

The source for these homes facts are from public records.

92651 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$4,250,000
Median List Price/Sq.Ft.
$1,814
Median Sold Price
$2,347,500
Median Sold Price/Sq.Ft.
$1,302
Total Inventory
198
Median Sale to List Price %
94.09%
Avg Days on Market
81
Loan Type
Conventional (25%), FHA (0%), VA (4.17%), Cash (41.67%), Other (29.17%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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