389 Park Avenue
$2,595,000
4
2
986
986
$2,632
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.
- 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
ViewCity Lights, Hills, Trees/Woods
Parking Spaces Total0
Private PoolNo
Cooling TypeN/K
Total Units2.0
Building TypeDetached
Lot Size SourceAssessor
LISTING UPDATED: 11/16/2024 03:13 AM
Property Details for 389 Park Avenue
Status | Active |
---|---|
MLS # | LG24235093 |
Days on Market | 2 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Townhouse |
MLS Type | Residential |
Year Built | 1923 |
Lot Size | 0.08 AC / 3,624 SF |
County | Orange County |
Building Information for 389 Park Avenue
Stories1Residences-Year Built1923Building Size-Lot Size0.08 AC / 3,624 SF
Property Information for 389 Park Avenue
Property History for 389 Park Avenue
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
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
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.