387 Oak Street, Laguna Beach

$2,295,000

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4 Beds
4 Baths
.07 Acre
0 Garage

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!

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
Active

Community Information

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

Amenities

Parking Spaces
2
View
Ocean, Peek-A-Boo
Waterfront
Ocean Side Of Freeway
Pool
None

Utilities

Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Overhead Utilities

Parking

Driveway, Off Street, One Space, Side By Side

Garages

Driveway, Off Street, One Space, Side By Side

Interior

Interior
Carpet, Tile, Wood
Cooling
None
Fireplace
Yes
Fireplaces
Living Room, Wood Burning
# of Stories
2
Stories
Two

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

Exterior

Exterior
Stucco
Exterior Features
Rain Gutters
Roof
Spanish Tile, Tile
Construction
Stucco
Foundation
Raised, Slab

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

Additional Information

Date Listed
May 18th, 2023
Days on Market
127
HOA Fees
0.00

Listing Details

Agent
Bob Wolff
Office
Harcourts Prime Properties
Property History
Status Changed from Active Under Contract to Active
Status Changed from Active to Active Under Contract
Price Reduced from $2,395,000 to $2,295,000
Price Reduced from $2,495,000 to $2,395,000
Price Reduced from $2,595,000 to $2,495,000
Show All History (6)

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Based on information from California Regional Multiple Listing Service, Inc. as of September 21st, 2023 at 10:45pm 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.