389 Park Avenue

Laguna Beach, CA 92651

  • 4 Bed(s)
  • 2 Bath(s)
  • 986 Sqft
  • 3624
    Sqft(Lot)
$2,595,000

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.

  • Property Type

    Residential Income

  • County

    Orange

  • Style

    Residential Income

  • AD ID

    47676545

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Property Details

  • Water/Sewer

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

    Interior Features

    • Roof : Composition
    • Interior Features: Beamed Ceilings,High Ceilings,Stone Counters
    • Windows: Insulated Windows
    • Fireplace: Living Room
    • Flooring: Wood

    Cooling Features

    • None
    • Air Conditioning

    Heating Source

    • Forced Air
    • Has Heating

    Fireplace

    • Fireplace Features: Living Room
    • Has Fireplace: 1

  • Building Information

    • Year Built: 1923
    • Building Area Total: 986
    • Roof: Composition

    Pool Features

    • None

    Laundry Features

    • Laundry Room,Outside

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.0832
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 3624

  • Listing Price Information

    • Original List Price: 2,595,000
    • Listing Contract Date: 2024-11-17

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 64401102

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: LV - Laguna Village
    • Postal Code Plus 4: 2334
    • Directions: PCH to Laguna Avenue/Park Avenue
    • Source Property Type: Residential Income
    • Area: LV - Laguna Village
    • Property SubType: Duplex

    Building and Construction

    • Property Age: 101
    • Common Walls: No Common Walls
    • Structure Type: Duplex
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: street
    • Levels or Stories: One
    • Building Total Stories: 1
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BuyOwner last updated this listing 12/21/2024 @ 21:55

  • MLS: LG24235946
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 4 bedrooms which is for sale, it has 986 sqft, 3,624 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Laguna Beach , in zip code 92651, this Orange County Home , it is in the North Laguna (NL) Subdivision, are nearby neighborhoods.