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Sold for $3,100,000
  • $3,100,000

    525 Park Ave, Laguna Beach, CA 92651

    --beds
    0baths
    --sqft
    Multi Family
    Built in 1939
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $7,185 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $7,185/mo

    Zestimate® history
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    What's special

    On the market for the first time in decades, 525 & 533 Park Avenue, 516 Reed is an approximately 2,098 square foot triplex located in the heart of Laguna Village. Just blocks away from conveniences and attractions found along Pacific Coast Highway, this multifamily offering is sited on an approximately 3,920 square foot lot and presents incredible investment potential. With an appealing configuration allowing the occupants of each unit privacy, it offers endless possibilities for an owner-user as well as an investor. Abounding in beachside charm, 525 Park Avenue is comprised of (1) one bedroom plus den/non-conforming bedroom, one bathroom unit as well as (2) 1 bedroom, 1 bathroom units. Featuring elements such as private outdoor spaces, hardwood flooring in the living area, fireplaces, ample eat-in kitchens, three private garages, off-street parking, and built in storage, all units have been well maintained throughout the years. Just blocks away from shopping and dining options as well as the famous beaches the area is known for, with hiking and mountain biking trails just a stones throw away.

    Zillow last checked:

    Source: Douglas Elliman,MLS#: LG23071164MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Interior area
    • Total structure area: 0

    Property

    Parking
    • Total spaces: 3
    Features
    • Stories: 2
    • Has view: Yes
    • View description: City
    Lot
    • Size: 3,920 Square Feet
    Details
    • Parcel number: 64404105

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Multi Family
    Condition
    • Year built: 1939

    Community & HOA

    Community
    • Subdivision: Laguna Beach
    Location
    • Region: Laguna Beach

    Financial & listing details

    • Tax assessed value: $768,174
    • Annual tax amount: $10,322
    • Date on market: 4/27/2023
    • Lease term: Contact For Details

    Price history

    DateEventPrice
    4/24/2025Sold$3,100,000-6.1%
    Source: Public Record Report a problem
    8/12/2024Price change$3,299,999-5.7%
    Source: CRMLS #OC24114965 Report a problem
    6/19/2024Listed for sale$3,499,999-12.5%
    Source: CRMLS #OC24114965 Report a problem
    10/24/2023Listing removed--
    Source: Douglas Elliman Report a problem
    4/27/2023Listed for sale$3,999,999
    Source: Douglas Elliman #LG23071164 Report a problem
    3/24/2021Listing removed--
    Source: Owner Report a problem
    6/1/2019Listing removed$2,499
    Source: Owner Report a problem
    5/19/2019Price change$2,499+8.7%
    Source: Owner Report a problem
    5/2/2019Listed for rent$2,299
    Source: Owner Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$10,322 -54.8%$768,174 -61.9%
    2024$22,858 -64.2%$2,016,295 -32%
    2023$63,780 +533.6%$2,965,140 +309.6%
    2022$10,066 +3.4%$723,868 +2%
    2021$9,739 +2.6%$709,675 +1%
    2020$9,490 $702,399 +2%
    2019$9,490 +2.4%$688,627 +2%
    2018$9,268 +5%$675,125 +2%
    2017$8,826 $661,888 +2%
    2016$8,826 +2.5%$648,910 +1.5%
    2015$8,614 +4.5%$639,163 +2%
    2014$8,245 $626,643 +0.5%
    2013-- $623,811 +2%
    2012-- $611,580 +2%
    2011-- $599,589 +0.8%
    2010-- $595,108 -0.2%
    2009-- $596,523 +2%
    2008-- $584,827 +2%
    2007-- $573,360 +2%
    2006-- $562,118 +2%
    2005-- $551,097 +2%
    2004-- $540,292 +1.9%
    2003-- $530,390 +2%
    2002-- $519,991 +2%
    2001$6,652 +4.8%$509,796 +2%
    2000$6,348 $499,800
    Find assessor info on the county website

    Neighborhood: 92651

    Nearby schools

    GreatSchools rating