Active

389 Park

Laguna Beach, CA 92651

$2,625,000 $11,067/Mo

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Overview

Bed

Bath

986

Sqft

3,624

Sqft(Lot)

Description

LOWEST PRICED MULTI-UNIT OFFERING IN LAGUNA BEACH. 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 floor ing, 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.

Property Details

Property Type : Residential Income

Price : $2,625,000

AD Id : 75767622

MLS Id : LG26046547

Beds : 3

Lot Size : 3,624 Sqft

Living Area Size : 986

Year Built : 1923

County : Orange

Subdivision: Fallbrook

Map

What's Nearby

Nearby Areas

Features

Water/Sewer

Water Source: Public Sewer: Public Sewer
Interior Features

Roof: Asphalt Exterior Property Features: Lighting Windows: Custom Covering(s),Double Pane Windows Property Appliances: Dishwasher,Gas Range,Tankless Water Heater,Water Heater Fireplace: Living Room
Cooling Features

Central Air Air Conditioning

Heating Source

Central Has Heating

Fireplace

Fireplace Features: Living Room Has Fireplace: 1

Building Information

Year Built: 1923 Building Area Total: 986 Roof: Asphalt
Exterior Features

Lighting

Foundation

Slab
Pool Features

None

Laundry Features

Common Area,Outside

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.0832
Lot Size Source: Assessor Lot Size Square Feet: 3624

Listing Price Information

Original List Price: 2,625,000 Listing Contract Date: 2026-02-10
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 64401102

Garage and Parking

Garage Description: None

Homeowners Association

Other Property Info

Source Listing Status: Active Source Neighborhood: LV - Laguna Village Directions: PCH TO PARK AVENUE Source Property Type: Residential Income Area: LV - Laguna Village Property SubType: Duplex
Building and Construction

Property Age: 103 Common Walls: No Common Walls Property Condition: Updated/Remodeled Structure Type: Duplex Year Built Source: Assessor Entry Level: 1 Entry Location: 1 Levels or Stories: One Building Total Stories: 1

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
1585 Catalina, Laguna Beach, CA, 92651	$4,150,000	6	4	3,478	3,478 SqFt
1585 Catalina, Laguna Beach, CA, 92651	$4,150,000	6	4	3,478	3,478 SqFt
274 Grandview, Laguna Beach, CA, 92651	$7,495,000	7	7	4,000	4,000 SqFt

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389 Park,
Laguna Beach, CA, 92651

Bed

Bath

986

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3,624

Sqft(Lot)

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ByOwner last updated this listing 06/09/2026 @ 19:34

MLS: LG26046547 LISTED BY: Spencer Wall, Pacific Sotheby’s International Realty 949-494-3600 SOURCE: CRMLS