StatusAccepting Backup Offers (Active Under Contract)
About 389 Park Ave
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 Details
Property Features
Property Information:
Architectural Style: Bungalow, Cottage
Year Built: 1923
Stories: 1
Living Area: 986 SqFt
Listing Office:
Office Name: Coldwell Banker Realty
Office Phone: (949) 285-0509
Listing Agent: Kenneth Guziak
Interior Features
Interior Information:
Flooring Type: Wood
Interior: High Ceilings, Stone Counters
Fireplace: Living Room
Bedroom and Bathroom Information:
Full Bathrooms: 2
Total Bedroom Count: 4
Exterior Features
Exterior Information:
Private Pool: No
View: City Lights, Hills, Trees/Woods
Parking Information:
Parking: Public, On Street
Lot Features
Lot Information:
Lot: Landscaped
Lot Size: 0.08 Acres
Utilities
Utilities Information:
Heating: Forced Air
Cooling: None
Other
Directions Information:
Directions: PCH to Laguna Avenue, becomes Park Avenue 1.5 blocks from Main Beach
Price Information
Listing Price Info
Price Summary:
List Price: $2,595,000
Price Per SqFt: $2,632/SqFt
Tax Information:
Annual Amount: $2,518
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Laguna Beach, CA.
This property is $486K less than the Median Sold Price and $1K/SqFt more than other homes in Laguna Beach, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #LG24235093
Listing Office:
Office Name: Coldwell Banker Realty
Office Phone: (949) 285-0509
Listing Agent: Kenneth Guziak
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/18/2024, 1:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$2,518
$64,581
2020
$2,381
$63,919
2019
$2,226
$62,666
2018
$2,226
$61,438
2017
$2,149
$60,234
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
9
/10
Top of the World Elementary School
21601 Treetop Ln
Distance between this listing and this school1.68 miles
Public District Grades KG-5
8
/10
El Morro Elementary School
8681 N Coast Hwy
Distance between this listing and this school2.94 miles
Public District Grades KG-5
9
/10
Canyon Vista Elementary School
27800 Oak View Dr
Distance between this listing and this school2.95 miles
Public District Grades KG-5
Nearby Schools
8
/10
Thurston Middle School
2100 Park Ave
Distance between this listing and this school1.09 miles
Public District Grades 6-8
8
/10
Don Juan Avila Middle School
26278 Wood Canyon Dr
Distance between this listing and this school3.89 miles
Public District Grades 6-8
6
/10
Journey
27102 Foxborough
Distance between this listing and this school4.12 miles
Public Charter Grades KG-8
Nearby Schools
9
/10
Laguna Beach High School
625 Park Ave
Distance between this listing and this school0.28 miles
Public District Grades 9-12
9
/10
Aliso Niguel High School
28000 Wolverine Way
Distance between this listing and this school3.80 miles
Public District Grades 9-12
7
/10
Laguna Hills High School
25401 Paseo De Valencia
Distance between this listing and this school5.69 miles
The neighbors living near this home have an average income of $30,743. Residents of Laguna Beach, CA typically earn less than $35k each year. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.
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This home is located at 389 Park Ave in Laguna Beach, CA and zip code 92651 in the The Village neighborhood. This 986 square foot home, which was built in 1923, sits on a 0.08 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 16, 2024 and is currently priced at $2,595,000.
In November 2024 more than 3 listings in Laguna Beach, CA were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 14 were sold below. The number of listings in Laguna Beach, CA decreased by 4% between October 2024 and November 2024. The median list price of listings available in November 2024 was $3,081,000, while the average time on the real estate market was 81 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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