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.
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DAYS ON MARKET
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44
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LAST UPDATED
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7/26/2024
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|
TRACT
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The Village (VIL)
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YEAR BUILT
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1923
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COMMUNITY
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Laguna Village
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COUNTY
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Orange
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STATUS
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Active
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PROPERTY TYPE(S)
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Residential Income
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| AREA |
Laguna Village |
| LOT |
6174 sq ft |
| LOT DESCRIPTION |
Back Yard, Near Park, Near Public Transit, Walkstreet |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer,Sewer Tap Paid |
| STORIES |
1 |
| SUBDIVISION |
The Village (VIL) |
| VIEW |
Yes |
| VIEW DESCRIPTION |
City Lights,Hills,Ocean |
| WATER |
Public |
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Listed with Coldwell Banker Realty
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 9/7/24 4:51 PM PDT 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
This IDX solution is (c) Diverse Solutions 2024.
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