525 Park AVE Laguna Beach, CA 92651
Active
$3,299,999
6%
3 Units
4 Beds
3 Baths
2,100 Area(sq.ft.)
3,920 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | n/a | n/a | $ 4,650 |
| Unit 2 | 1 | 2 | 1 | No | n/a | n/a | $ 4,750 |
| Unit 3 | 1 | 1 | 1 | No | n/a | n/a | $ 4,350 |
| 3 | 3 | 4 | 3 | $ 0 | $ 0 | $ 13,750 |
| MLS #: | OC24114965MR |
| Days On Market: | 121 |
| County: | Orange County |
| Property Type: | Residential Income |
| Price per ft2: | $ 1,571 |
| Price per unit: | $ 1,100,000 |
| Year Built: | 1939 |
Property Details
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.Interested in this Listing?
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Income Details
| Rent Control: | False |
| Gross Operating Income: | $ 165,000 |
| Total Annual Expense: | $ 44,680 |
| Net Operating Income: | $ 120,320 |
| Cap Rate: | 3.4% |
Structure
| Community Features: | Hiking, Park, Sidewalks, Storm Drains, Street Lights |
| Style: | Cottage |
| Sewer: | Public Sewer |
| View Description: | City Lights, Ocean |
| Water: | Public |
Land & Parking
| Land Lease Type: | Fee |
| Parking Garage: | Assigned, Built-In Storage |
Interior
| Cooking Appliances: | Gas/Electric Range, Oven-Gas |
| Equipment: | Gas Or Electric Dryer Hookup |
| Heating: | Floor Furnace, Natural Gas |
| Fireplace Rooms: | Family Room, Gas |
| Laundry: | Gas Or Electric Dryer Hookup |
Exterior
| Pool: | No |
| Roof: | Composition |
| Spa: | No |
Detailed Map
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