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525 Park Avenue

Laguna Beach, CA 92651
  • $3,499,999
  • STATUS: Active
  • ON SITE: 27 Days
  • ID#: OC24114965
UPDATED: 95 min ago
$3,499,999
  • 0
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1939
County:

School Ratings & Info

Listing Agent(s): Paul Hoffman of Luxre Realty, Inc. (949-498-3702)


Description

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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-07-17T10:29:56.027. 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 deemed reliable but is not guaranteed accurate by the MLS or Mainstreet Realtors®. Licensed in the State of California, USA.
www.mainstreetgroup.com/homes/151804944
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525 Park Avenue Laguna Beach, CA 92651

  • Price: $3,499,999
  • Status: Active
  • On Site: 27 Days
  • Updated: 95 min ago
  • ID#: OC24114965
0
Beds
0
Baths
0
½ Baths
0.09
Acres
1939
Built
Neighborhood:
The Village (Vil)
County:
Orange
Area:
LV - Laguna Village
Property Description
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.
Exterior Features

Architectural Style Cottage Entry Level 1 Entry Location Front Door Foundation Details Raised Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 3 Parking Features AssignedStorage Parking Total 3 Pool Features None Pool Private YN No Property Attached YN No Roof Composition Spa Features None Spa YN No View City LightsOcean View YN Yes

Interior Features

Appliances Built-In RangeElectric RangeGas OvenGas RangeWater Heater Common Walls No Common Walls Fireplace Features Family RoomGas Fireplace YN Yes Heating Floor FurnaceNatural Gas Heating YN Yes Interior Features Open FloorplanQuartz CountersUnfurnishedAll Bedrooms DownBedroom on Main LevelWalk-In Closet(s)

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 3.4 Common Interest None Community Features HikingParkStorm Drain(s)Street LightsSidewalks Garage YN Yes Gross Income 165000 Gross Scheduled Income 165000 Insurance Expense 3400 Land Lease YN No Laundry Features Electric Dryer HookupGas Dryer Hookup Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan1031 Exchange Net Operating Income 120320 New Construction YN No New Taxes Expense 38740 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 3 Operating Expense 44680 Other Expense 1330 Property Sub Type Triplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions StandardTrust Tenant Pays All UtilitiesCable TVElectricityGas Trash Expense 0 Utilities Electricity ConnectedWater Connected Vacancy Allowance 0 Vacancy Allowance Rate 0 Water Sewer Expense 1080 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-07-17T10:29:56.027. 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 deemed reliable but is not guaranteed accurate by the MLS or Mainstreet Realtors®. Licensed in the State of California, USA.
 
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Mainstreet Realtors®
10300 Fourth St. Ste 100
Rancho Cucamonga CA, 91730
Listing Agent(s): Paul Hoffman of Luxre Realty, Inc. (949-498-3702)