$2,295,000 - 387 Oak Street, Laguna Beach

  • 4Beds
  • 4Baths
  • 0SQ. Feet
  • 0.07Acres

Absolutely an exceptional investment/residential opportunity located within 3 blocks to the "sand" and the Pacific Ocean! Significantly under-rented in this location!! ALL tenancies ‘month to month’. This Laguna Village residence located within the heart of the "HIP" District, "Historic and Interesting Places"... this 7 block stretch along the Pacific Coast Hwy boasts 24 restaurants, 40 boutique shops as well as 20 art galleries and 5 hotels!! This single family residence currently contains 2 additional "legal, non-conforming" use rental properties that are currently occupied. Situated at approximately the corners of Oak St and Glenneyre, this 1560sqft home affords itself to numerous possibilities for its future use...This property resides on a 3000sqft corner lot which is walking distance to 4 of the top 10 surfing beaches in Laguna Beach and is currently listed on the Historic Property register in the city of Laguna Beach and may be subject to the benefits of the Mills Act for taxation purposes. A property like this rarely comes on the market every 50 years and is an outstanding opportunity for future renovation, remodeling and restoration. This corner lot configuration also offers a 2 car driveway, an enclosed yard area as well as a balcony located off a second floor living unit. Physical floor plan includes a main residence with hardwood floors, fire place, 2 bedrooms/ 2 baths as well as 2 additional studio units containing kitchens, bath, sleeping area and private access. This is absolutely a "lifestyle" property which offers "walkability" to all of the most desirable areas in Laguna Beach! This is truly all about location! Location! Location!

Sales Agent

Sam SmithLaguna Beach Realtors ®Phone: 949-355-1622Cell: 949-355-1622Contact Agent Now

Essential Information

  • MLS® #:OC23086632
  • Price:$2,295,000
  • Bedrooms:4
  • Bathrooms:4.00
  • Acres:0.07
  • Year Built:1928
  • Type:Residential Income
  • Sub-Type:Single Family Residence
  • Style:Mediterranean, Spanish
  • Status:Closed
  • Listing Agent:Bob Wolff
  • Listing Office:Harcourts Prime Properties

Community Information

  • Address:387 Oak Street
  • Area:LV - Laguna Village
  • Subdivision:The Village (VIL)
  • City:Laguna Beach
  • County:Orange
  • Zip Code:92651

Amenities

  • Utilities:Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Overhead Utilities
  • Parking Spaces:2
  • Parking:Driveway, Off Street, One Space, Side By Side
  • Garages:Driveway, Off Street, One Space, Side By Side
  • View:Ocean, Peek-A-Boo
  • Waterfront:Ocean Side Of Freeway
  • Pool:None

Interior

  • Interior:Carpet, Tile, Wood
  • Interior Features:Balcony, Block Walls, Tile Counters, Bedroom on Main Level, Galley Kitchen
  • Appliances:Gas Cooktop, Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Water Heater
  • Heating:Fireplace(s), Wood, Wall Furnace
  • Cooling:None
  • Fireplace:Yes
  • Fireplaces:Living Room, Wood Burning
  • # of Stories:2
  • Stories:Two

Exterior

  • Exterior:Stucco
  • Exterior Features:Rain Gutters
  • Lot Description:Corner Lot, Front Yard, Level, Paved, Rectangular Lot, Zero Lot Line
  • Windows:Casement Window(s), Double Pane Windows, Insulated Windows, Plantation Shutters, Screens, Shutters
  • Roof:Spanish Tile, Tile
  • Construction:Stucco
  • Foundation:Raised, Slab

Additional Information

  • Date Listed:May 18th, 2023
  • Days on Market:162
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Based on information from California Regional Multiple Listing Service, Inc. as of March 28th, 2024 at 9:54pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.