389 Park Ave, Laguna Beach, CA, 92651
About This Home
Located in the center of downtown Laguna Beach, 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 plans to the city for a third residence, a 533-square-foot Auxiliary Dwelling Unit (ADU) with photo and video renderings as well as detailed building plans available for review. Both 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. Call Today!
Getting Around
Walker's Paradise
Some Transit
BikeableSchools
Construction
Condition
- Property condition: Updated/Remodeled
- Year built: 1923
Materials
- Foundation: Slab
- Roof: Asphalt
Type & Style
- Home type: SingleFamily
- Architectural style: Craftsman,Traditional
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Washer
- Laundry features: Outside
Bathroom
- Features: Stone Counters,Walk-In Shower
Bedroom
- Features: Bedroom on Main Level
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Features
- Bedroom on Main Level
- Window features: Drapes
- Flooring: Wood
- Fireplace features: Living Room
- Fireplace: Yes
- Common walls with other units/homes: No Common Walls
Heating & Cooling
- Heating features: Forced Air
- Cooling features: Central Air
Interior Area
- Total interior livable area: 986 sqft
Property
Accessibility
- Accessibility features: No Stairs
Details
- Parcel number: 64401102
- Special condition: Standard
Features
- Levels: One
- Stories: 1
- Entry location: Street/Sidewalk
- Pool features: None
- Patio & porch: Rear Porch,Covered,Front Porch,Porch
- Spa features: None
- Has view: Yes
- View description: City Lights
Lot
- Lot size: 3,624 sqft
- Features: 0-1 Unit/Acre
Parking
- Parking features: On Street
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
How This Home’s Risks Compare
FEMA Declared Disasters in Orange County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $13,147 | $157,764 |
| Home Insurance * | $402 | $4,824 |
| Property Taxes | $2,145 | $25,740 |
| Electricity | $398 | $4,786 |
| Total | $16,092 | $193,104 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-07 | Price change | $2,680,000 |
| 2026-03-27 | Price change | $2,695,000 |
| 2026-02-11 | Listed for sale | $2,895,000 |
| 2025-07-07 | Listing removed | $3,850 |
| 2025-07-01 | Price change | $3,850 |
| 2025-06-05 | Listed for rent | $3,995 |
| 2024-12-27 | Sold | $2,500,000 |
| 2024-12-26 | Pending sale | $2,595,000 |
| 2024-11-26 | Contingent | $2,595,000 |
| 2024-11-15 | Listed for sale | $2,595,000 |
| 2024-01-13 | Listing removed | -- |
| 2024-01-08 | Price change | $3,050 |
| 2023-11-29 | Price change | $3,095 |
| 2023-11-15 | Price change | $3,195 |
| 2023-11-02 | Listed for rent | $3,295 |
| 2022-09-07 | Listing removed | -- |
| 2022-08-29 | Price change | $3,695 |
| 2022-08-15 | Price change | $3,495 |
| 2022-08-07 | Listed for rent | $3,695 |
| 2021-01-12 | Listing removed | -- |
| 2021-01-07 | Listed for rent | $1,950 |
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