$ 2,595,000
389 Park Avenue Laguna Beach, CA 92651
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$ 2,595,000
Est. payment /mo
New
389 Park Avenue Laguna Beach, CA 92651
4 Beds
986 SqFt
UPDATED:
11/19/2024 03:15 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 CRLG24235946
Bedrooms 4
HOA Y/N No
Year Built 1923
Lot Size 3,624 Sqft
Acres 0.08
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 Listing
Interior
Heating Forced Air
Cooling No Air Conditioning
Flooring Wood
Fireplace No
Laundry Laundry Room, Other
Exterior
Utilities Available Other Water/Sewer
Building
Lot Description Other
New Construction No
Others
Tax ID 64401102
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Listed by Kenneth Guziak • Coldwell Banker Realty
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