$2,250,000
$2,295,000
2.0%For more information regarding the value of a property, please contact us for a free consultation.
387 Oak ST Laguna Beach, CA 92651
3,001 Sqft Lot
Key Details
Sold Price $2,250,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Subdivision The Village (Vil)
MLS Listing ID OC23086632
Sold Date 11/28/23
HOA Y/N No
Year Built 1928
Lot Size 3,001 Sqft
Property Description
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!
Location
State CA
County Orange
Area Lv - Laguna Village
Interior
Interior Features Balcony, Block Walls, Tile Counters, Bedroom on Main Level, Galley Kitchen
Heating Fireplace(s), Wood, Wall Furnace
Cooling None
Flooring Carpet, Tile, Wood
Fireplaces Type Living Room, Wood Burning
Fireplace Yes
Appliance Gas Cooktop, Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Water Heater
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Exterior Feature Rain Gutters
Garage Driveway, Off Street, One Space, Side By Side
Fence Block
Pool None
Community Features Biking, Curbs, Dog Park, Hiking, Park, Storm Drain(s), Street Lights, Suburban, Sidewalks
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Overhead Utilities
Waterfront Description Ocean Side Of Freeway
View Y/N Yes
View Ocean, Peek-A-Boo
Roof Type Spanish Tile,Tile
Accessibility None
Total Parking Spaces 2
Private Pool No
Building
Lot Description Corner Lot, Front Yard, Level, Paved, Rectangular Lot, Zero Lot Line
Story 2
Entry Level Two
Foundation Raised, Slab
Sewer Public Sewer
Water Public
Architectural Style Mediterranean, Spanish
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 64408302
Security Features Carbon Monoxide Detector(s),Fire Detection System,Smoke Detector(s),Security Lights
Energy Description 1080.0
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with Yazen Haddad • DirectPads