20
See all 20 photos
$2,650,000
Est. payment /mo
3 Beds
2 Baths
3,624 Sqft Lot
Price Dropped by $25K
389 Park Laguna Beach, CA 92651
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision The Village (Vil)
MLS Listing ID LG26046547
Bedrooms 3
Lot Size 3,624 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
LOWEST PRICED MULTI-UNIT OFFERING IN LAGUNA BEACH. TWO DETACHED, fully updated BEACH COTTAGES on one lot -397 Park Ave (2 bed, 1 bath - 539 sq. ft) and 389 Park Ave (1 bed, 1 bath - 456 sq. ft) just a short stroll from Forest Avenue, the Promenade, the Main Beach boardwalk and world famous Heisler Park. Each cottage stands alone, with windows on all sides that flood the interiors with natural light and enhance their airy, coastal feel. Adding to the upside, the owner has already submitted COMPLETE PLANS to the city for a third COTTAGE, a 533-square-foot Auxiliary Dwelling Unit (ADU) with photo and video renderings as well as detailed building plans available. Both existing cottages have undergone extensive renovations, including brand-new roofs, vaulted ceilings, wide-plank hardwood flooring, upgraded kitchens and baths with stone countertops, custom cabinetry, designer tile, modern lighting, and curated window treatments. Additional highlights include wood-burning fireplaces, tankless water heaters, newly built decks, restored exterior woodwork, fresh paint, and thoughtfully designed landscaping throughout the property. These charming homes are part of Laguna Beach history, originating as Olympic Cottages relocated after the 1930s Los Angeles Olympics. While not yet officially designated as historic, there are potential historic designations and possible Mills Act tax benefits. Don't miss out on this exceptional opportunity to buy prime real estate in the heart of Laguna Beach.
Location
State CA
County Orange
Zoning Assessor
Direction PCH TO PARK AVENUE
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 64401102
Listed by Spencer Wall, DRE#01840729 Pacific Sotheby’s International Realty
NEARBY SCHOOL & BUSINESS
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