$2,625,000
-$25,000389 Park, Laguna Beach CA 92651
Multi-Family (Duplex)
Property type
94 days
On market
$2,662
Price per sqft
0 cars
Garage
1923
Year built
3,624 sqft
Lot size
Home highlights
Open Houses
Overview
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...
Listing provided by: Spencer Wall DRE #01840729 949-375-7768, Pacific Sotheby’s International Realty
Listing updated: Jun 1, 2026 at 09:29pm.
Last checked: Jun 5, 2026 at 12:30pm
Source: CRMLS #LG26046547
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | — | $4,400 | $4,400 | $4,400 | Unfurnished |
| 1 | 1 | 1 | — | $4,000 | $4,000 | $4,000 | Unfurnished |
# of Buildings: 2
# of Units Total: 2
Separate Electric Meters: 1
Separate Gas Meters: 1
Separate Water Meters: 1
Dishwasher: 2
Ranges: 2
Rent Control: No
Financial Snapshot
Gross Rent Multiplier
28.4x
List Price / Annual Gross Rent
Cap Rate
2.07%
NOI / List Price
Gross Scheduled Income: $92,400
Operating Expense: $38,240
Net Operating Income: $54,400
Annual Operating Expenses
Electric: $0
Fuel: $0
Insurance: $8,000
Trash: $700
Water / Sewer: $540
Interior
Cooling: Central Air
Heating: Central
Appliances: Dishwasher, Gas Range, Tankless Water Heater, Water Heater
Fireplace: Living Room
Laundry: Common Area, Outside
Entry Location: 1
Exterior
Architectural Style: Craftsman, Traditional
Property Attached: No
Stories Total: 1
Levels: One
Roof: Asphalt
Foundation: Slab
Window Features: Custom Coverings, Double Pane Windows
Property Condition: Updated Remodeled
Exterior: Lighting
Common Walls: No Common Walls
Lot Features: Zero To One Unit Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Utilities: Electricity Connected, Natural Gas Connected, Water Connected
Road Frontage Type: City Street
Road Surface Type: Paved
Garage and Parking
Parking: None
Garage Spaces: 0
Uncovered Spaces: 0
Carport Spaces: 0
Parking Total: 0
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 64401102
Additional Parcels: No
Tax Lot: 89
Subdivision: The Village (VIL)
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Curbs, Sidewalks
Nearby Schools
Nearby schools around the 389 Park, Laguna Beach, CA 92651. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,100,000
Total Interest
$2,678,434
Total Payment
$4,778,434
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$16,158
per month
Property History for 389 Park
Laguna Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 92651.
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