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15
Photos
389 Park Avenue, Laguna Beach, CA 92651
$2,595,000 Asking Price
$---/mo Est. Payment Get Prequalified »
4
beds
2
baths
986
sqft
Built in
1923
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.
Features & Amenities
Interior
- General:
- Stone Counters
- Laundry:
- Closet Full Sized,Outside
- Flooring:
- Wood
- A/C:
- N/K
- Heating:
- Forced Air Unit
- Fireplace:
- FP in Living Room
Exterior
- Style:
- Cottage,Craftsman/Bungalow
- Pool:
- None
- Parking:
- Public,Street, Parking spaces: 0
Construction
- General:
- 1 Story
Location
- HOA Amenities:
- 0.0
- Originating MLS:
- California Regional MLS
- County:
- Orange
Lot
- Zoning:
- 64401102
- View:
- Mountains/Hills,Trees/Woods,City Lights
Utilities
- Water:
- Public
- Sewer:
- Public Sewer,Sewer Paid
Financial
- Source:
- California Regional MLS
This listing courtesy of:
Coldwell Banker Realty
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Laguna Beach, CA
Housing
- Number of Units
- 13,346
- Median Home Value
- $1,154,579
- Median Rent
- $2,022
35.96% of housing units are renter occupied.
16.92% are vacant.
Commute
- Car
-
46.64%
- Public Transportation
-
0.79%
- Walk to Work
-
2.47%
- Work from Home
-
49.25%
- Other
-
0.64%
The median travel time to work is 15 minutes.
People
- Population
- 24,228
- Median Age
- 53.90
- Median Household Size
- 2.47
Education
- High School
-
8.52%
- Associate’s Degree
-
5.97%
- Bachelor’s Degree
-
38.41%
- Graduate Degree
-
30.17%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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