389 Park Laguna Beach, CA $ 2,895,000
389 Park
$ 2,895,000
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389 Park

Laguna Beach, CA, 92651
$ 2,895,000
Baths1.0 Sq 986

Monthly Estimate*

$ 17,825

Listed by Pacific Sotheby’s International Realty
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Studio

Multi-Family Home for sale in Laguna Beach, CA

for $2,895,000 with 1 full bath. This 986 square foot home was built in 1923 on a lot size of 0.0832.

This rare offering features TWO DETACHED, fully updated BEACH COTTAGES on one lot -397 Park Ave (2 bed, 1 bath - 539 sq. ft) and 389 Park Ave (1 bed, 1 bath - 456 sq. ft) just a short stroll from Forest Avenue, the Promenade, the Main Beach boardwalk and world famous Heisler Park. Each cottage stands alone, with windows on all sides that flood the interiors with natural light and enhance their airy, coastal feel. Adding to the upside, the owner has already submitted COMPLETE PLANS to the city for a third COTTAGE, a 533-square-foot Auxiliary Dwelling Unit (ADU) with photo and video renderings as well as detailed building plans available. Both existing cottages have undergone extensive renovations, including brand-new roofs, vaulted ceilings, wide-plank hardwood flooring, upgraded kitchens and baths with stone countertops, custom cabinetry, designer tile, modern lighting, and curated window treatments. Additional highlights include wood-burning fireplaces, tankless water heaters, newly built decks, restored exterior woodwork, fresh paint, and thoughtfully designed landscaping throughout the property. These charming homes are part of Laguna Beach history, originating as Olympic Cottages relocated after the 1930s Los Angeles Olympics. While not yet officially designated as historic, there are potential historic designations and possible Mills Act tax benefits. Don't miss out on this exceptional opportunity to buy prime real estate in the heart of Laguna Beach.

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Multi-Family Active

Price

$ 2,895,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.0832

Year Built

1923

Town/City

Laguna Beach

County/Region

Orange

MLS | Web ID

LG26046547

Days on Market

22

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Electricity Connected Natural Gas Connected Water Connected
Possession Close Of Escrow
Roof Asphalt
Appliances Dishwasher Gas Range Tankless Water Heater Water Heater
HOA Fee 0
Garage Spaces 0
Architectural Style Craftsman Traditional
Pool Features None
Year Built 1923
Stories Count 1
Levels One
Property Subtype Duplex
Gross Income 92400
Community Features Curbs Sidewalks
County Orange
Net Operating Income 54400
Operating Expense 38240
Insurance Expense 8000
New Construction false
Property Type Residential Income
HOA false
Subdivision Name The Village (VIL)
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions PCH TO PARK AVENUE
City Laguna Beach
Entry Location 1
Senior Community Y/N false
Open Parking Spaces 0
Number Of Units Total 2
MLS Area LV - Laguna Village
Lot Size Units Square Feet
Lot Size Square Feet 3624
Carport Spaces 0
Listing Terms Cash to New Loan
Property Attached Y/N false
Land Lease Y/N false
Electric Expense 0
Fuel Expense 0
Property Condition Updated/Remodeled
Trash Expense 700
Water Sewer Expense 540
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 89
Property Sub Type Additional Duplex
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Interior
Fireplace Features Living Room
Total Stories 1
Common Walls No Common Walls
Air Conditioning Y/N true
Heating Y/N true
Window Features Custom Covering(s) Double Pane Windows
Fireplace Y/N true
Laundry Features Common Area Outside
Entry Level 1
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Exterior
Exterior Amenities Lighting
Parking Features None
Lot Features 0-1 Unit/Acre
Water Source Public
Total Parking 0
Lot Size Area 3624
Foundation Details Slab
Number of Buildings 2
Building Area Total 986
Lot Size Acres 0.0832
Road Surface Type Paved
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 1
Number of Separate Electric Meters 1
Road Frontage Type City Street
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* Excluded Features
List By
Pacific Sotheby’S International Realty

Broker

spencer@wallrealtygroup.com

Email

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$17,825
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$17,825
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/3/2026$2,895,000 Listed Price

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389 Park, Laguna Beach, CA, 92651 is a Multi-Family Home for sale at $2,895,000 with 986 sqft and a lot size of 0.0832. 389 Park is a studio with 1.0 baths and was built in 1923. The property's zip code is 92651 which is in Laguna Beach, CA