$ 2,595,000
389 Park AVE Laguna Beach, CA 92651
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$ 2,595,000
Est. payment /mo
New
389 Park AVE Laguna Beach, CA 92651
4 Beds
2 Baths
986 SqFt
UPDATED:
11/20/2024 08:27 PM
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 986 sqft
Price per Sqft $2,631
MLS Listing ID CRLG24235093
Style Cottage,Bungalow
Bedrooms 4
Full Baths 2
Originating Board California Regional MLS
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 pro
Location
State CA
County Orange
Area Lv - Laguna Village
Interior
Heating Forced Air
Cooling None
Fireplaces Type Living Room
Laundry In Closet, Other
Exterior
Garage Off-Street Parking, Common Parking - Public
Pool None
View Hills, Forest / Woods, City Lights
Building
Story One Story
Sewer Sewer Available
Water District - Public
Architectural Style Cottage, Bungalow
Others
Tax ID 64401102
Special Listing Condition Not Applicable
© 2024 MLSListings Inc. All rights reserved.
Listed by Kenneth Guziak • Coldwell Banker Realty
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