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!