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$3,499,999   Price Analysis
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525 Park Ave
Laguna Beach, CA 92651
4 bed 3 bath 2,100 SqFt ($1666/SqFt)
3,920SqFt lot. Built 1939
Listed 2024-06-19, Taxes $10,065
Ⓧ USDA Ineligible
due to price & location

near Laguna Beach

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 extraordinary location, easy t 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 sizeable 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.


Presented by Paul Hoffman at
LuXre Realty , Inc.


Property MLS #OC24114965 from CRMLS

Bedrooms: 4

Copper Plumbing Partial
Open Floorplan
Quartz Counters
Unfurnished

Appliances: Built-In Range, Gas & Electric Range, Gas Oven, Water Heater
Appliances YN: Yes
Laundry Features: Gas & Electric Dryer Hookup

All Bedrooms Down, Kitchen, Laundry, Main Floor Bedroom, Office, Walk-In Closet

Full Bathrooms: 3

Fireplace Features: Family Room, Gas
Heating Features: Floor Furnace, Natural Gas
Heating: Yes

Lot Description: 2-5 Units/Acre
Lot Size Acres: 0.0899908
Lot Size Source: Assessor
Lot Size Square Feet: 3920

Garage Spaces: 3
Parking Features: Parking YN: Yes, Parking Features: Assigned, Built-In Storage
Parking Total: 3

View: City Lights, Ocean

Number of Units: 3
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Unit-1 Garage Spaces: 1
Unit-2 Garage Spaces: 1
Unit-3 Garage Spaces: 1

Calculated Total Monthly Association Fees: 0

Tenant Pays: All Utilities, Cable TV, Electricity, Gas

Community Features: Hiking, Park, Sidewalks, Storm Drains, Street Lights

Source Listing Status: Active
County: Orange
Cap Rate: 3.40
Other Expense: 1330.00
Source Property Type: Residential Income
Insurance Expense: 3400.00
Area: LV - Laguna Village
Source Neighborhood: The Village (VIL)
New Taxes Expense: 38740.00
Number of Separate Electric Meters: 3
Number of Separate Gas Meters: 3
Number of Separate Water Meters: 3
Parcel Number: 64404105
Postal Code Plus 4: 2354
Subdivision: The Village (VIL)
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$82,063 + $641,805
$723,868
$10,065
2021$80,454 + $629,221
$709,675
$9,739
2020$79,630 + $622,769
$702,399
$9,489
2019$78,069 + $610,558
$688,627
$9,267
2018$76,539 + $598,586
$675,125
$9,050
2017$75,039 + $586,849
$661,888
$8,826
2016$73,568 + $575,342
$648,910
$8,613
2015$72,463 + $566,700
$639,163
$8,435
2014$71,044 + $555,599
$626,643
$8,244
2013$70,723 + $553,088
$623,811
$8,174
2012$69,337 + $542,243
$611,580
$8,012
2011$67,978 + $531,611
$599,589
$7,840
2010$67,470 + $527,638
$595,108
$7,822
2009$67,631 + $528,892
$596,523
$7,793
2008$66,305 + $518,522
$584,827
$7,613
2007$65,005 + $508,355
$573,360
$7,477

Listed 2024-06-19
$3,499,999
CRMLS
Listing removed 2023-10-23
$0
CRMLS
Listed 2023-04-27
$3,999,999
CRMLS
Sold 1990-11-09
$160,000
Public Record

Net Operating Income: 120320.00

Total Square Feet Living: 2100
Year Built: 1939
Building Features: 1
Common Walls: No Common Walls
Entry Level: 1
Entry Location: Front Door
Foundation Details: Raised
Property Age: 85
Roof: Composition
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Triplex
House Style: Cottage
Year Built Source: Assessor

Sewer: Sewer: Public Sewer, Water Sewer Expense: 1080.00
Electricity Connected
Water Connected
Water Source: Public

Laguna Beach High School is a public high school located approximately 0.2 miles away.
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Thurston Middle School is a public middle school located approximately 1 miles away.
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El Morro Elementary School is a public elementary school located approximately 3.1 miles away.
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LEA Stone is a private elementary school located approximately 0.2 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.