525 Park Avenue

Laguna Beach, CA 92651

$3,299,999
Price
4
Beds
3
Baths
2,100 Sq. Ft.
$1,571 / Sq. Ft.
2,100
Sq. Ft.
$1,571
per Sq. Ft.

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...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.
  1. Listed by Paul Hoffman • DRE #00771647 • Brokerage DRE #01897290 • Luxre Realty, Inc.

Property Details for 525 Park Avenue

Architectural Style
Cottage
View
City Lights, Ocean
Parking Spaces Total
3
Private Pool
No
Total Units
3.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
2100
LISTING UPDATED: 10/17/2024 12:28 PM

Property Details for 525 Park Avenue

StatusActive
MLS #OC24114965
Days on Market182
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1939
Lot Size0.09 AC / 3,920 SF
CountyOrange County

Building Information for 525 Park Avenue

Stories2Residences-Year Built1939Building Size-Lot Size0.09 AC / 3,920 SF

Property Information for 525 Park Avenue

Rental Info
Rental Info
  • Tenant Pays: All Utilities, Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $165,000
  • Gross Scheduled Income: $165,000
  • Vacancy Allowance: 0
  • Vacancy Allowance Rate: 0
  • Gross Operating Income: $165,000
  • Net Operating Income: $120,320
  • Cap Rate: 3.4
Expense Details
  • Operating Expense: $44,680
  • New Taxes Expense: $38,740
  • Insurance Expense: $3,400
  • Other Expense: $1,330
  • Other Expense Description: Misc
  • Trash Expense: $0
  • Water Sewer Expense: $1,080
  • Total Expenses: $44,680
Tax / Assessment Info
  • Tax Tract Number: 410
  • Tax Census Tract: 626.05
  • CFD/Mello-Roos Fee: $2,924
  • Tax Lot: 182
Community / Development
Community / Development
  • Community Features: Hiking, Park, Sidewalks, Storm Drains, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Built-In Range, Gas & Electric Range, Gas Oven, Water Heater
  • Equipment: Gas Or Electric Dryer Hookup
  • Interior Features: Copper Plumbing Partial, Open Floorplan, Quartz Counters, Unfurnished
  • Room Type: All Bedrooms Down, Kitchen, Laundry, Main Floor Bedroom, Office, Walk-In Closet
  • Bedroom Features: All Bedrooms Down, Main Floor Bedroom, WalkInCloset
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
  • Fireplace Features: Family Room, Gas
  • Fireplace Rooms: Family Room, Gas
  • Heating Type: Floor Furnace, Natural Gas
  • Heat Source: Natural Gas
  • Heating: Floor Furnace, Natural Gas
  • Heat Equipment: Floor Furnace
Exterior Features
  • Roof: Composition
  • Entry Location: Front Door
  • Foundation Details: Raised
  • View Description: City Lights, Ocean
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Water Connected
  • Electric: Electricity Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 3
  • Parking: Yes
  • Parking Garage: Assigned, Built-In Storage
  • Parking Garage Spaces: 3
  • Carport Spaces: 0
  • Parking Features: Assigned, Built-In Storage
Property / Structure Info
  • Builders Tract Name: The Village
  • Builders Tract Code: The Village (VIL)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Pro Forma: 4650
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Pro Forma: 4750
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Pro Forma: 4350
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number With Range: 3

Property History for 525 Park Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 525 Park Avenue

Taxable ValueLand$1,897,802Additions$118,493Total$2,016,295
Tax Record2024$22,859 ($1,905 / month)
Home Facts
Total Finished SqFt2,137 SqFtAbove Grade Finished SqFt2,137 SqFtStories2Lot Size4,390 SqFtStyleTriplexYear Built1939CountyORANGEAPN644-041-05

Schools near 525 Park Avenue

This home is within Laguna Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Private - K to 3
Rating
School
Distance
El Morro Elementary School
PublicK to 5

Thurston Middle School
Public6 to 8

Laguna Beach High School
Public9 to 12

LEA Stone
PrivateK to 3

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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525 Park Avenue is a multi-family home for sale in Laguna Beach, CA 92651. This property was listed for sale on June 19, 2024 by Luxre Realty, Inc., it's currently listed at $3,299,999. It has been on the market for a total of 182 days and was last sold on November 9, 1990. This listing's school district is Laguna Beach Unified School District. Nearby schools include El Morro Elementary School, Thurston Middle School and Laguna Beach High School. 525 Park Avenue is a 4-bed, 3-bath, 2,100 sqft multi-family home built in 1939.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Luxre Realty, Inc., Paul Hoffman, DRE #00771647

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.