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Sold

540 Park Avenue sold on November 18, 2024 for $5,200,000, at the asking price after 7 days on the market. The buyer financed the purchase. The details are below for reference.

TriplexSold · Nov 18, 2024

540 Park Avenue, Laguna Beach, CA 92651

  • 7 beds
  • 6 baths
  • 3,055 sq ft
  • Built 1944

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$5,200,000

MLS# LG24204776

Subdivision The Village

The Village is Laguna Beach's downtown core, where Forest Avenue and South Coast Highway meet walkable blocks of art galleries, storefronts, and restaurants.

See homes for sale in The Village

The home

About 540 Park Avenue

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.

Property details for 540 Park Avenue

This 7-bedroom, 6-bath triplex sits in the Village neighborhood of Laguna Beach in Orange County. It has 3,055 square feet of living space. The home was built in 1944. The MLS record lists the assessor parcel number as 641-272-47. Highlights include ocean views, a fireplace, an attached three-car garage, and air conditioning.

Specifications

Home Details

General Features

Property Type
Triplex
MLS Number
LG24204776
Year Built
1944
Living Area (sq ft)
3,055
Living Area Source
Plans
Lot Size (sq ft)
4,792
Lot Size (acres)
0.11
Levels
Two
Bedrooms
7
Full Baths
4
Half Baths
2
Garage Spaces
3
Parking Spaces
7
View
Neighborhood, Ocean, Water
Parcel Number
64127247
On Market Date
2024-10-04
Zoning
R-2
Listing Terms
Standard

Interior Features

Interior Features
Living Room Deck Attached, Open Floorplan, Recessed Lighting, Wired For Data, Bedroom On Main Level, Walk In Closets
Flooring
Wood
Heating
Forced Air
Cooling
Ductless
Fireplace
Living Room
Laundry
Inside, In Garage
Main Level Bedrooms
2
Main Level Bathrooms
3
Entry Level
0
Common Walls
Two Common Walls Or More

Exterior Features

Lot Features
Two To Five Units Acre
Parking
Direct Access, Driveway, Garage
Fencing
Excellent Condition
Pool Features
None
Spa
None
Sewer
Public Sewer
Water
Public
Condition
Updated Remodeled, Repairs Major, Turnkey
Units
4

Community Features

Subdivision
The Village (VIL)
Community Features
Storm Drains

The record

Property History for 540 Park Avenue

DateEventPriceNote
Nov 18, 2024 Sold $5,200,000
Nov 7, 2024 Status changed to Pending From Active Under Contract
Oct 11, 2024 Status changed to Active Under Contract From Active
Oct 4, 2024 Listed for sale $5,200,000

No prior MLS sales on record for this home since 2012.

Added by Realatrends Real Estate

Flood, Fire and Earthquake Zones for 540 Park Avenue

We looked up this home's map point in public government maps. These facts are not part of the MLS listing.

Hazard zones

Flood zone

Zone X, area of minimal flood hazard. Outside FEMA's Special Flood Hazard Area.

FEMA National Flood Hazard Layer, FIRM panel 06059C0417K effective March 21, 2019. Checked October 15, 2026.

Fire hazard severity zone

High Fire Hazard Severity Zone, Local Responsibility Area.

CAL FIRE, State Fire Marshal map for Local Responsibility Areas, March 24, 2025. Checked October 15, 2026.

Earthquake fault zone

Outside the Alquist-Priolo Earthquake Fault Zones.

California Geological Survey, Earthquake Fault Zones. Checked October 15, 2026.

Liquefaction zone

Outside the liquefaction zones.

California Geological Survey, Seismic Hazard Zones map, Laguna Beach quadrangle, released April 15, 1998. Checked October 15, 2026.

Landslide zone

Outside the earthquake-induced landslide zones.

California Geological Survey, Seismic Hazard Zones map, Laguna Beach quadrangle, released April 15, 1998. Checked October 15, 2026.

Tsunami hazard area

Outside the Tsunami Hazard Area on the State's evacuation planning map.

California Geological Survey and Cal OES, Tsunami Hazard Area map for Orange County (2021). Checked October 15, 2026.

Internet and charging

Fixed internet

Fiber: Frontier, up to 7,000 Mbps, at 23 of 37 residential locations in this census block. Fiber: Cox Communications, up to 1,000 Mbps, at 19 of 37. Cable: Cox Communications, up to 2,000 Mbps, at 15 of 37.

FCC National Broadband Map, provider-reported data as of December 31, 2025, for census block 060590626323004, not for this address. Not endorsed by the FCC. Checked October 15, 2026.

EV charging

Nearest public charger 0.2 miles away (ChargePoint, 2 Level 2 ports). 25 public charging ports within 3 miles.

U.S. Department of Energy, Alternative Fuels Data Center. Straight-line distance. Checked October 15, 2026.

These facts are for the listing's map point, which can sit off the lot. A zone line can also cross a lot, and agencies revise their maps. In cities, the fire zone line follows the State Fire Marshal's 2025 map; each city adopts its own map and may add areas. These lines are not a Natural Hazard Disclosure. Check the official maps and the seller's disclosures before you rely on them. Sources for the earthquake zone lines: Reproduced with permission, California Geological Survey, Webservice of Official Maps of Alquist-Priolo Earthquake Fault Zones (2025). Reproduced with permission, California Geological Survey, Webservice of Official Maps of Seismic Hazard Zones (2025).

Official maps

Next steps

Looking for something similar

540 Park Avenue is no longer on the market, but comparable homes come up in Laguna Beach regularly. We can tell you what this one actually closed at and set up alerts for listings that match it.

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Selling near 540 Park Avenue

Thinking of selling nearby? We bring current The Village sales data and a clear pricing strategy to every listing, backed by more than 700 closed sales and over $1B in Orange County volume. Start with a free home valuation, or reach out to talk through your options.

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The neighborhood

About The Village

The Village is Laguna Beach's downtown core, where Forest Avenue and South Coast Highway meet walkable blocks of art galleries, storefronts, and restaurants. It fronts Main Beach Park and the bluff-top trails of Heisler Park, sits within Laguna Beach Unified School District, and keeps its historic gallery-town character along the coast.

Schools

Schools for 540 Park Avenue

As listed in the MLS record. Confirm attendance boundaries with the school district.

Elementary
Top Of The World
Middle
Thurston
High
Laguna Beach
District
Laguna Beach Unified

Moving to Laguna Beach covers its schools, parks and beaches.

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Listed by Michael Johnson of Compass

Listing information updated Dec 4, 2024 at 5:59 PM PT. Source: CRMLS.

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