Homes for sale - 389 Park Avenue, Laguna Beach, CA 92651

Additional details

Paul Ward

somis@homeandranchsellingteam.com +1(805) 479-5004

Listed by Kenneth Guziak • Coldwell Banker Realty

$2,595,000

Est. payment - /mo

4 Beds

2 Baths

986 SqFt

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UPDATED:

11/26/2024 06:01 PM

Key Details

Property Type Single Family Home

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 986 sqft

Price per Sqft $2,631

Subdivision The Villages (The Villas) - 188306

MLS Listing ID LG-24235093

Style Bungalow,Cottage

Bedrooms 4

Full Baths 2

Year Built 1923

Lot Size 3,624 Sqft

Property 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.

Location

State CA

County Orange

Interior

Interior Features High Ceilings, Stone Counters

Heating Forced Air

Cooling None

Flooring Wood

Fireplaces Type Living Room

Laundry In Closet, Outside

Exterior

Pool None

Community Features Biking, Curbs, Hiking, Park, Sidewalks, Street Lights, Urban, Watersports

View Y/N Yes

View City Lights, Hills, Trees/Woods

Building

Lot Description Landscaped, Walkstreet

Sewer Public Sewer, Sewer Paid

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Paul Ward

+1(805) 479-5004

Agent | License ID: 01354001

Agent License ID: 01354001

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389 Park Avenue Laguna Beach, CA 92651

Paul Ward

Key Details

Location

Interior

Exterior

Building

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