NOT LISTED FOR SALE
7 Beds
6 Baths
3,055 Sq Ft
4,792 Sq Ft Lot

Sale Details

Date Sold: November 18, 2024

Last sale price $5,200,000 $1,702 Per Sq Ft

7 Days on Market

Highlights

  • Ocean View
  • Open Floorplan
  • Main Floor Bedroom
  • El Morro Elementary School Rated A+
  • Wood Flooring
  • Living Room with Attached Deck

About This Home

As of November 2024

Introducing 540 Park Avenue, Laguna Beach — a stunning remodel offering a versatile living experience in a prime location. This legal triplex, provides multiple options for mixed-use arrangements, suited to to a variety of lifestyle needs. Spanning 3055 square feet of living space, this property features 7 bedrooms and 6 bathrooms. The property consists of three separate living spaces, and one office (with private 1/2 bath). The property has been taken down to the studs, and all major systems have been replaced and wholly reimagined and updated. The ground-level unit features two bedrooms, a full bath, parking, and a large functional kitchen. The upper two units consist of a two-bedroom, one-bath unit, and a three-bedroom and two-and-a-half-bath unit. Both upper units have sizable outdoor spaces. Timeless and high-end fixtures have been installed on the property. The thoughtful design and fully remodeled property make this home a rare find in the heart of Laguna Beach. Multiple large windows perfectly frame picturesque views of Hotel Laguna and Main Beach. The property boasts plenty of parking, which is a coveted amenity in this area. The location is enviable and provides convenient access to the vibrant town and beautiful beaches, making it an ideal spot for those seeking the sought-after Laguna Beach lifestyle or an income-producing trophy property. Don’t miss your chance to own this remarkable asset with endless possibilities. Schedule your private tour today.

Last Agent to Sell the Property

Michael Johnson

Compass Brokerage Phone: 949-207-3006 License #01429647 Listed on: 10/04/2024

Compass

Co-Listed By

Nicholas Hooper

Pacific Sotheby’s International Realty Brokerage Phone: 949-207-3006 License #01962012

Last Buyer's Agent

Ashley Rodriguez

Coldwell Banker Realty License #01372157

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1944 | Remodeled

Lot Details

  • 4,792 Sq Ft Lot
  • Two or More Common Walls
  • Fenced
  • Fence is in excellent condition
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Direct Access Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Driveway

Property Views

  • Ocean
  • Neighborhood

Home Design

  • Triplex
  • Turnkey
  • Major Repairs Completed

Interior Spaces

  • 3,055 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Wired For Data
  • Recessed Lighting
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Wood Flooring
  • Laundry in Garage

Kitchen

  • Open to Family Room
  • Kitchen Island

Bedrooms and Bathrooms

  • 7 Bedrooms | 2 Main Level Bedrooms
  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom
  • Separate Shower

Schools

  • Top Of The World Elementary School
  • Thurston Middle School
  • Laguna Beach High School

Utilities

  • Ductless Heating Or Cooling System
  • Forced Air Heating System

Listing and Financial Details

  • Tax Lot 47
  • Tax Tract Number 272
  • Assessor Parcel Number 64127247

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • The Village Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1944 | Remodeled

Lot Details

4,792 Sq Ft Lot

Parking

3

Listing Details

  • Structure Type: Triplex
  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: The Village (VIL)
  • View: Yes
  • Zoning: R-2
  • Property Condition: Repairs Major, Turnkey, Updated/Remodeled
  • Property Sub Type: Triplex
  • Property Type: Residential
  • Parcel Number: 64127247
  • Year Built: 1944
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3055.00 Square Feet
  • Interior Amenities: Living Room Deck Attached, Open Floorplan, Recessed Lighting, Wired for Data
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Wood
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 7
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 1702.13
  • Room Type: Living Room, Main Floor Bedroom, Walk-In Closet
  • Bathroom Features: Double Sinks In Primary Bath, Separate Tub And Shower, Walk-In Shower
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room

Exterior Features

  • View: Neighborhood, Ocean, Water
  • Fence: Yes
  • Fencing: Excellent Condition
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Garage
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: In Garage, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Ductless
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Storm Drains

Schools

  • Elementary School: Top Of The World
  • High School: Laguna Beach
  • Middle Or Junior School: Thurston
  • Elementary School #2: TOTW
  • High School2: LAGBEA

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 4792.00
  • Lot Size Acres: 0.1100

Multi Family

  • Lease Considered: No
  • Lot Size Area: 4792.0000 Square Feet
  • Number Of Units Total: 4

Tax Info

  • Tax Census Tract: 626.32
  • Tax Lot: 47
  • Tax Tract Number: 272

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 5, 2025
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,499,000
Interest Rate
0.0663%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 10, 2025
Sold by
Bought by

Purchase Details

Listed on
Oct 4, 2024
Closed on
Oct 31, 2024
Sold by
Bought by
Seller's Agent
Michael Johnson
Compass
Buyer's Agent
Ashley Rodriguez
Coldwell Banker Realty
List Price
$5,200,000
Sold Price
$5,200,000
Views
7

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
0.0612%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 4, 2024
Closed on
Oct 28, 2024
Sold by
Bought by
Seller's Agent
Michael Johnson
Compass
Buyer's Agent
Ashley Rodriguez
Coldwell Banker Realty
List Price
$5,200,000
Sold Price
$5,200,000
Views
7

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
0.0612%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 5, 2023
Sold by
Bought by

Purchase Details

Closed on
Jul 19, 2022
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- First American Title Insurance
-- First American Title Insurance
-- None Listed On Document
-- First American Title Company
$5,200,000 First American Title Company
$2,075,000 Lawyers Title Company
-- None Listed On Document
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $2,499,000
Closed $2,500,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/18/2024 11/18/24 Sold $5,200,000 0.0% $1,702 / Sq Ft
10/11/2024 10/11/24 Pending -- -- --
10/04/2024 10/04/24 For Sale $5,200,000 -- $1,702 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $23,417 $5,200,000 $4,690,647 $509,353
2024 $23,417 $2,071,624 $1,931,307 $140,317
2023 $33,897 $3,060,000 $2,923,159 $136,841
2022 $7,598 $480,695 $327,815 $152,880
2021 $7,319 $471,270 $321,387 $149,883
2020 $7,094 $466,438 $318,091 $148,347
2019 $7,172 $457,293 $311,854 $145,439
2018 $7,845 $448,327 $305,739 $142,588
2017 $7,709 $439,537 $299,744 $139,793
2016 $7,386 $430,919 $293,867 $137,052
2015 $7,281 $424,447 $289,453 $134,994
2014 $7,582 $416,133 $283,783 $132,350
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG24204776

California Regional Multiple Listing Service (CRMLS)

APN: 641-272-47

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