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945 Park Ave, Laguna Beach, California 92651, Laguna Beach, 92651 - 2 bed, 2 bath

945 Park Ave, Laguna Beach, California 92651 home-pic-0
ACTIVE$1,500,000$1,995/sqft
945 Park Ave, Laguna Beach, California 92651
2Beds
2Baths
1,995Sqft
5,704Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Walkability & Location: Situated in one of Laguna Beach's most desirable and walkable areas, offering immediate access to renowned beaches, downtown amenities, and cultural attractions.
Top Cons:
Auction & Cash Buyer Focus: Marketed as a luxury live auction primarily for cash buyers and investors, which may limit the buyer pool and introduce uncertainty regarding the final sale price.

Compared to the nearby listings

Price:$1.50M vs avg $3.15M ($-1,650,000)2%
Size:1,995 sqft vs avg 2,109 sqft44%
Price/sqft:$752 vs avg $1.6K2%

More Insights

Built in 1948 (78 years old).
Condition: The property, built in 1948, shows signs of age but has received some significant updates to major systems, including updated heating and air conditioning and double/triple-pane windows. The kitchen appears functional with updated appliances (some mixed in age) and hardwood flooring, but the cabinet style and countertops are dated, likely from a renovation 15-20 years ago. While the listing states 'Extensive Renovation Required,' this appears to be primarily for cosmetic and stylistic updates to meet modern luxury standards in Laguna Beach, rather than addressing critical structural or safety defects, as indicated by 'solid underlying value.' The interior finishes, including carpets and some fixtures, are aged but generally maintained. It requires substantial cosmetic updates to modernize, but major systems are functional.
Year Built
1948
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$752
HOA
-
Days on market
-
Sold On
-
MLS number
OC25276629
Home ConditionFair
Features
Deck
Patio
View-

About this home

Luxury Live Auction! Bidding to start from $1,500,000.00! ATTENTION ALL INVESTORS! - An exceptional opportunity awaits at 945 Park Avenue, offering a rare chance to reimagine a property in one of Laguna Beach’s most walkable and desirable locations. Ideal for cash buyers or investors, this residence presents solid underlying value with the freedom to renovate and customize to your vision. Home offers a flexible layout and may be utilized as a 3-bedroom. Filled with natural light thanks to expansive floor-to-ceiling sliding glass doors in both the main living area and the primary bedroom, along with thoughtfully placed skylights. The interior remains impressively quiet due to double- and triple-pane windows, creating a surprisingly serene living environment. Outdoors, the property features a generous, usable yard highlighted by a pond and an abundance of mature, producing trees, including multiple avocado, orange, lemon, and Champaca Alba trees—an uncommon and valuable feature in this area. Major systems have seen improvements as well, with updated heating and air conditioning already in place. Set just moments from Laguna Beach’s renowned beaches, downtown shopping, restaurants, galleries, and year-round festivals, this property offers the perfect blend of location, potential, and lifestyle. A compelling opportunity to create a custom coastal home in the heart of it all.

W
William Pasqualino
Listing Agent

Price History

Date
Event
Price
01/25/11
Sold
$775,000
Condition Rating
Fair
The property, built in 1948, shows signs of age but has received some significant updates to major systems, including updated heating and air conditioning and double/triple-pane windows. The kitchen appears functional with updated appliances (some mixed in age) and hardwood flooring, but the cabinet style and countertops are dated, likely from a renovation 15-20 years ago. While the listing states 'Extensive Renovation Required,' this appears to be primarily for cosmetic and stylistic updates to meet modern luxury standards in Laguna Beach, rather than addressing critical structural or safety defects, as indicated by 'solid underlying value.' The interior finishes, including carpets and some fixtures, are aged but generally maintained. It requires substantial cosmetic updates to modernize, but major systems are functional.
Pros & Cons

Pros

Exceptional Walkability & Location: Situated in one of Laguna Beach's most desirable and walkable areas, offering immediate access to renowned beaches, downtown amenities, and cultural attractions.
Significant Customization Potential: Presents a rare opportunity for investors or cash buyers to reimagine and customize a property with solid underlying value to their specific vision.
Abundant Natural Light & Quiet Interior: Features expansive floor-to-ceiling glass doors and skylights for ample natural light, complemented by double/triple-pane windows ensuring a surprisingly serene living environment.
Unique & Productive Outdoor Space: Boasts a generous, usable yard with a pond and an abundance of mature, producing fruit trees (avocado, orange, lemon, Champaca Alba), adding rare value and character.
Updated Core Systems & Flexible Layout: Benefits from updated heating and air conditioning, along with a flexible floor plan that can be adapted to a 3-bedroom configuration.

Cons

Auction & Cash Buyer Focus: Marketed as a luxury live auction primarily for cash buyers and investors, which may limit the buyer pool and introduce uncertainty regarding the final sale price.
Absence of Views: Lacks ocean or city views, which is a notable drawback in a premium coastal market like Laguna Beach where such views are highly sought after and contribute significantly to value.
Extensive Renovation Required: While offering 'reimagining' potential, the description implies the property requires substantial renovation and customization, suggesting it is not move-in ready for most traditional buyers.
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