389 Park Avenue

Laguna Beach, CA 92651

$2,595,000
Price
4
Beds
2
Baths
986 Sq. Ft.
$2,632 / Sq. Ft.
986
Sq. Ft.
$2,632
per Sq. Ft.

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,...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.
  1. Listed by Kenneth Guziak • DRE #01487719 • Brokerage DRE #00616212 • Coldwell Banker Realty • 949-285-0509

Property Details for 389 Park Avenue

Architectural Style
Bungalow, Cottage
View
City Lights, Hills, Trees/Woods
Parking Spaces Total
0
Private Pool
No
Cooling Type
N/K
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
LISTING UPDATED: 11/16/2024 03:13 AM

Property Details for 389 Park Avenue

StatusActive
MLS #LG24235093
Days on Market2
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeTownhouse
MLS TypeResidential
Year Built1923
Lot Size0.08 AC / 3,624 SF
CountyOrange County

Building Information for 389 Park Avenue

Stories1Residences-Year Built1923Building Size-Lot Size0.08 AC / 3,624 SF

Property Information for 389 Park Avenue

Income / Expense / Tax Details
Tax / Assessment Info
  • Tax Tract Number: 410
  • Tax Census Tract: 626.05
  • CFD/Mello-Roos Fee: $2,142
  • Tax Lot: 89
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Biking, Curbs, Hiking, Park, Watersports, Sidewalks, Street Lights, Urban
Property / Structure Info
Interior Features
  • Interior Features: High Ceilings, Stone Counters
  • Room Type: Living Room
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 4
  • Laundry: Yes
  • Laundry Features: In Closet, Outside
  • Laundry Location: Closet Full Sized, Outside
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Fireplace: FP in Living Room
  • Cooling: None
  • Heating Type: Forced Air
  • Heating: Forced Air
  • Heat Equipment: Forced Air Unit
  • Floor Coverings: Wood
  • Flooring: Wood
Exterior Features
  • Window Features: Custom Covering
  • Entry Location: Street
  • Structure Type: Duplex
  • Property Condition: Turnkey, Updated/Remodeled
  • Miscellaneous: Urban
  • View Description: City Lights, Hills, Trees/Woods
  • Patio: Yes
  • Patio: Deck
  • Patio And Porch Features: Deck, Front Porch
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Sign on Property: Yes
  • Lot Features: Landscaped, Walkstreet
  • Lease Considered: No
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer, Sewer Paid
  • Sewer/Septic: Public Sewer, Sewer Paid
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage: On street, Public
  • Parking Non-Garage: Public, Street
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Public, Street
Property / Structure Info
  • Builders Tract Name: The Village
  • Builders Tract Code: The Village (VIL)
  • Architectural Style: Cottage, Craftsman/Bungalow
  • Residential Styles: Townhome
  • Residential Unit Location: No Common Walls

Property History for 389 Park Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 389 Park Avenue

Taxable ValueLand$2,074,741Additions$36,659Total$2,111,400
Tax Record2024$23,174 ($1,931 / month)
Home Facts
Beds1Total Finished SqFt453 SqFtAbove Grade Finished SqFt453 SqFtStories1Lot Size3,806 SqFtStyleSingle Family ResidenceYear Built1923CountyORANGEAPN644-011-02Fireplace TypeHas Fireplace

Schools near 389 Park Avenue

This home is within Laguna Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Private - K to 3
Rating
School
Distance
El Morro Elementary School
PublicK to 5

Thurston Middle School
Public6 to 8

Laguna Beach High School
Public9 to 12

LEA Stone
PrivateK to 3

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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389 Park Avenue is a townhouse for sale in Laguna Beach, CA 92651. This property was listed for sale on November 1, 2024 by Coldwell Banker Realty, it's currently listed at $2,595,000. This listing's school district is Laguna Beach Unified School District. Nearby schools include El Morro Elementary School, Thurston Middle School and Laguna Beach High School. 389 Park Avenue is a 4-bed, 2-bath, 986 sqft townhouse built in 1923.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty, Kenneth Guziak, DRE #01487719

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.