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Laguna Beach,CA 92651
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 986 sqft
Price per Sqft $2,631
Subdivision The Village (Vil)
MLS Listing ID LG24235093
Bedrooms 4
Full Baths 2
Construction Status Updated/Remodeled,Turnkey
HOA Y/N No
Year Built 1923
Lot Size 3,624 Sqft
Property Description
Two separate, fully renovated cottages on a single lot in the heart of downtown Laguna Beach, less than 2 blocks from Forest Avenue Promenade, Hotel Laguna and Main Beach (Walkscore 97)! The cottages were recently updated with new kitchen and bath fixtures, true wide-plank hardwood floors, new roofs, vaulted ceilings, new lighting, designer window treatments, designer cabinetry and tiles, stone counters, designer wood-burning fireplaces, tankless hot water, individual laundry enclosures, new decks, exterior wood restoration and fresh paint, and gorgeous landscaping. As the cottages are free-standing, they have windows on all sides allowing for ample natural light. They are some of the original Olympic Cottages, brought to Laguna after the Los Angeles Olympics in the 1930s. They are currently rented separately, generating a total of approximately $8,800 in monthly income ($105,600 annually). While iconic in Laguna Beach, these cottages are not yet on the historic register, but are on the city Historic Inventory with a rating of E (Exceptional) - meaning that they could be historically registered, and under the Mills Act, might benefit from substantially reduced property taxes. PLUS -- plans have been submitted to the city for final approval of a 3rd 575-square foot bungalow on property, to be built as an Auxiliary Dwelling Unit (ADU). Plans for the ADU are available. The neighboring, larger property at 363 Park Avenue and 504 Goff Street, which contains three (3) more similar cottages plus a single family ocean-view residence, is available for purchase from the same owner.
Location
State CA
County Orange
Area Lv - Laguna Village
Rooms
Main Level Bedrooms 4
Interior
Interior Features High Ceilings,Stone Counters
Heating Forced Air
Cooling None
Flooring Wood
Fireplaces Type Living Room
Fireplace Yes
Laundry Laundry Closet,Outside
Exterior
Garage Public,On Street
Pool None
Community Features Biking,Curbs,Hiking,Park,Street Lights,Sidewalks,Urban,Water Sports
View Y/N Yes
View City Lights,Hills,Trees/Woods
Porch Deck,Front Porch
Private Pool No
Building
Lot Description Landscaped,Walkstreet
Dwelling Type Duplex
Story 1
Entry Level One
Sewer Public Sewer,Sewer Tap Paid
Water Public
Architectural Style Bungalow,Cottage
Level or Stories One
New Construction No
Construction Status Updated/Remodeled,Turnkey
Schools
School District Laguna Beach Unified
Others
Senior Community No
Tax ID 64401102
Acceptable Financing Cash,Cash to New Loan,Owner May Carry
Listing Terms Cash,Cash to New Loan,Owner May Carry
Special Listing Condition Standard