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Sold for $2,500,000 on 12/27/24
  • Listing Provided by: 

    Kenneth Guziak DRE #01487719 949-285-0509,

    Coldwell Banker Realty

    $2,500,000

    389 Park Ave, Laguna Beach, CA 92651

    4beds
    986sqft
    Duplex
    Built in 1923
    3,624 Square Feet Lot
    $2,483,100 Zestimate®
    $2,535/sqft
    $3,614 Estimated rent

    What's special

    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.

    Zillow last checked: 7 hours ago

    Listing updated: January 13, 2025 at 04:42pm

    Listing Provided by:

    Kenneth Guziak DRE #01487719 949-285-0509,

    Coldwell Banker Realty

    Bought with:

    Patrick Hourigan, DRE #01136985

    Nationwide Realty

    Source: CRMLS,MLS#: LG24235093MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    • Main level bathrooms: 2
    • Main level bedrooms: 4
    Heating
    • Forced Air
    Cooling
    • None
    Appliances
    • Laundry: Laundry Closet, Outside
    Features
    • High Ceilings, Stone Counters
    • Flooring: Wood
    • Windows: Custom Covering(s)
    • Has fireplace: Yes
    • Fireplace features: Living Room
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total interior livable area: 986 sqft

    Property

    Parking
    • Parking features: Public, On Street
    Features
    • Levels: One
    • Stories: 1
    • Entry location: Street
    • Patio & porch: Deck, Front Porch
    • Pool features: None
    • Has view: Yes
    • View description: City Lights, Hills, Trees/Woods
    Lot
    • Size: 3,624 sqft
    • Features: Landscaped, Walkstreet
    Details
    • Parcel number: 64401102
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Bungalow,Cottage
    • Property subtype: Duplex
    Condition
    • Updated/Remodeled,Turnkey
    • New construction: No
    • Year built: 1923

    Utilities & green energy

    • Sewer: Public Sewer, Sewer Tap Paid
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Biking, Curbs, Hiking, Park, Street Lights, Sidewalks, Urban, Water Sports
    Location
    • Region: Laguna Beach
    • Subdivision: The Village (Vil)

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan,Owner May Carry
    Services availability
    Get a cash offer in 3 minutes

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    Estimated market value

    $2,483,100

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $2,483,100