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525 Park Ave, Laguna Beach, CA 92651
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525 Park Ave Laguna Beach, CA 92651

$3,299,999
  • 4 Beds
  • 3 Baths
  • 2,100 Sq.Ft.
For Sale
$3,299,999 Get Pre-Qualified
Map preview of 525 Park Ave, Laguna Beach, CA 92651

Property Overview: 525 Park Ave Laguna Beach, CA has 4 bedrooms, 3 bathrooms, 2,100 living square feet and 3,920 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: Location, location, location. In the heart of Laguna Village. Just a few short blocks to PCH. Newly remodeled and delivered vacant. Addresses include 525, 533 Park Ave, and 516 Reed St. One of the few original triplexes in the Village area offering views, outdoor space, gardening, walking distance to restaurants, shopping, beaches, public pool, public tennis courts. and attractions. Because of the great location, easy to rent. This triplex has one garage space for each unit plus additional three off street parking spaces offering a total six spaces. The front unit one bedroom has ocean views, middle unit one bedroom is spacious, and the back one-bedroom unit has a large office that has been used as a bedroom in the past. Great investment for passive owner or owner user and receive income from the other two units.

Listed by Paul Hoffman | BRE #00771647 | Luxre Realty, Inc.
Last checked: 6 minutes ago | Last updated: September 15th, 2024 | Source CRMLS | DOM: 92

Home details

Lot Sq. Ft
3,920
HOA Dues
$0/mo
Year built
1939
Garage
3 Car
Property Type:
Triplex
Status
Active
MLS#
OC24114965
City
Laguna Beach
County
Orange
Time on Site
105 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: --
  • Pro Forma/Market Rent: $4,650
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: --
  • Pro Forma/Market Rent: $4,750
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: --
  • Pro Forma/Market Rent: $4,350
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.4%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $165,000
  • Net Operating Income: $120,320
  • Gross Operating Income: $165,000
  • Vacancy Allowance: $0
Annual Expense Breakdown
  • Total Operating Expense: $44,680
  • New Taxes: $38,740
  • Trash: $0
  • Insurance: $3,400
  • Water/Sewer: $1,080
  • Other Expenses: $1,330
  • Other Expense Description: Misc

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Property Details for 525 Park Ave

Interior Features
Heating Information
  • Has Heating
  • Floor Furnace, Natural Gas
Laundry Information
  • Has Laundry
  • Gas & Electric Dryer Hookup
Fireplace Information
  • Has Fireplace
  • Family Room, Gas
Room Information
  • All Bedrooms Down, Kitchen, Laundry, Main Floor Bedroom, Office, Walk-In Closet
Kitchen Information
  • Has Appliances
  • Built-In Range, Gas & Electric Range, Gas Oven, Water Heater
Interior Features
  • Copper Plumbing Partial, Open Floorplan, Quartz Counters, Unfurnished
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Composition
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Assigned, Built-In Storage
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: City Lights, Ocean
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 64404105
  • Year Built Source: Assessor
  • Architectural Style: Cottage
  • Entry Level: 1
  • Foundation Details: Raised
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: The Village (VIL)
  • Directions: PCH east on Legion, left on Reed
Neighborhood Information
  • Community Features: Hiking, Park, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Laguna Beach Agent

Sale History for 525 Park Ave

View property's historical transactions

  • June, 2024

  • Jun 19, 2024

    Date

    Active

    CRMLS: OC24114965

    $3,499,999

    Price

  • October, 2023

  • Oct 27, 2023

    Date

    Canceled

    CRMLS: LG23071164

    $3,999,999

    Price

  • Apr 27, 2023

    Date

    Active

    CRMLS: LG23071164

    $3,999,999

    Price

  • Listing provided courtesy of CRMLS

    On the market for the first time in decades, 525 & 533 Park Avenue, 516 Reed is an approximately 2,098 square foot triplex located in the heart of Laguna Village. Just blocks away from conveniences and attractions found along Pacific Coast Highway, this multifamily offering is sited on an approximately 3,920 square foot lot and presents incredible investment potential. With an appealing configuration allowing the occupants of each unit privacy, it offers endless possibilities for an owner-user as well as an investor. Abounding in beachside charm, 525 Park Avenue is comprised of (1) one bedroom plus den/non-conforming bedroom, one bathroom unit as well as (2) 1 bedroom, 1 bathroom units. Featuring elements such as private outdoor spaces, hardwood flooring in the living area, fireplaces, ample eat-in kitchens, three private garages, off-street parking, and built in storage, all units have been well maintained throughout the years. Just blocks away from shopping and dining options as well as the famous beaches the area is known for, with hiking and mountain biking trails just a stone’s throw away.

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Tax History for 525 Park Ave

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

525 Park Ave is listed 22.35% lower 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 $1,800 and this home is listed at $1571.43 per/sqft which puts the price per square foot 12.7% lower than the median price per square foot for the city of Laguna Beach.

About 525 Park Ave

Detailed summary of property

525 Park Ave is a triplex located in Laguna Beach, CA 92651 and is currently for sale. This triplex offers 4 bedrooms, 3 bathrooms, roughly 2,100 living square feet, and sits on an approximately 3,920 square foot lot. 525 Park Ave was first listed on ArdentRealEstateGroup.com on June 6, 2024. The homeowner is currently asking $3,299,999 and was originally asking $3,499,999. The median priced home in Laguna Beach is $4,250,000 with a median price per square foot of $1,800. Based on Ardent Real Estate Group's Laguna Beach Market Data, this home is listed 22.35% lower than the median priced home. Local competing homes currently for sale include 507 29th St, 410 Clubhouse Ave and 205 40th St. While the average home in Laguna Beach, CA is selling in 95 days, 525 Park Ave has a days on market of 92 days. There are currently 200 homes for sale in the Laguna Beach real estate market and 181 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 525 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 525 Park Ave

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

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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