Price $2,895,000
Status Active
Beds 3
Baths 2 Baths
Home size 986 sqft
Lot Size 3,625 sqft
Days on Market 35
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!
Property Type(s): Single Family
Last Updated 2/10/2026 Tract The Village (VIL)
Year Built 1923 Community LV - Laguna Village
County Orange

SCHOOLS

Jr. High School Thurston
High School Laguna Beach

Additional Details

AIR Central Air
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Dryer, Washer
AREA LV - Laguna Village
FIREPLACE Yes
HEAT Forced Air
LOT 3624 sq ft
LOT DIMENSIONS 3624
PARKING On Street
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 1
STYLE Craftsman, Traditional
SUBDIVISION The Village (VIL)
UTILITIES Electricity Connected, Natural Gas Connected, Water Connected
VIEW Yes
VIEW DESCRIPTION City Lights
WATER Public

Location

 

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Listed with Pacific Sotheby’s International Realty

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