USACALaguna BeachThe Village (Vil)389 Park Ave
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$2,595,000

A year ago

389 Park Ave, Laguna Beach, CA

0 Bed

0 Bath

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MLS® LG24235946

  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential Income
Size -
Garage No
Taxes 
Days Active 445
Lot Size 0.0832 acres
Approx. Age 1923
MLS® Number LG24235946

Property Address: 389 Park Ave, Laguna Beach, CA, 92651-2101

Average square foot calculated using Size range provided by listing agent.

Description

Two separate, fully renovated cottages on a single lot in the heart of downtown Laguna Beach, less than 2 blocks from Forest Avenue Promenade, Hotel Laguna and Main Beach (Walkscore 97)! The cottages were recently updated with new kitchen and bath fixtures, true wide-plank hardwood floors, new roofs, vaulted ceilings, new lighting, designer window treatments, designer cabinetry and tiles, stone counters, designer wood-burning fireplaces, tankless hot water, individual laundry enclosures, new decks, exterior wood restoration and fresh paint, and gorgeous landscaping. As the cottages are free-standing, they have windows on all sides allowing for ample natural light. They are some of the original Olympic Cottages, brought to Laguna after the Los Angeles Olympics in the 1930s. They are currently rented separately, generating a total of approximately $8, 800 in monthly income ($105, 600 annually). While iconic in Laguna Beach, these cottages are not yet on the historic register, but are on the city Historic Inventory with a rating of E (Exceptional) - meaning that they could be historically registered, and under the Mills Act, might benefit from substantially reduced property taxes. PLUS -- plans have been submitted to the city for final approval of a 3rd 575-square foot bungalow on property, to be built as an Auxiliary Dwelling Unit (ADU). Plans for the ADU are available. The neighboring, larger property at 363 Park Avenue and 504 Goff Street, which contains three (3) more similar cottages plus a single family ocean-view residence, is available for purchase from the same owner.
MLS® NumberLG24235946
Laundry LevelLaundry Room, Outside
Central VacNo
FireplaceNo
Acreage0.0832
Exterior
GarageNo
Approx. Age1923
Basement
Driveway
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Nov 18, 2024List Date
$2,595,000List Price
Jul 6, 2025End Date
$3,700Sold Price

Leased

Jun 5, 2025List Date
$3,850List Price
  • Commute

Commute

Starting Address
Destination Address
389 Park Ave, Laguna Beach, CA

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