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387 Oak Street, Laguna Beach, CA 92651
$2,250,000
387 Oak Street, Laguna Beach, CA 92651View this property at 387 Oak Street, Laguna Beach, CA 92651
387 Oak StreetLaguna BeachCA92651
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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!
Full Property Details
Full Property Details for 387 Oak St
General
- Sold For: $2,250,000
- Status: Closed
- Type: Multi-Family
- MLS ID: OC23086632
- Added to Site: 360 day(s) ago
Interior
- Rooms/Areas: Galley Kitchen, Kitchen, Main Floor Bedroom
- Interior Features: Balcony, Block Walls, Copper Plumbing (Partial), Tile Counters
- Fireplace(s): Living Room, Wood Burning
- Appliances: Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater, Refrigerator, Water Heater
- Flooring: Carpet, Tile, Wood
Rooms
Other Rooms
- Laundry: Gas Dryer Hookup, Washer Hookup
Additional Information
- Pool Description: None
- Spa Description: None
Exterior
- Exterior Features: Rain Gutters
Parking
- Parking Features: Driveway, Off-Street, Parking Space, Side-by-Side
- Parking: Driveway, Off-Street, Parking Space, Side-by-Side
Location
- Area: LV - Laguna Village
- County: Orange
- Development Name: LV - Laguna Village
- Driving Directions: PCH to Oak St. Cross Streets: Glenneyre & Catalina
Heating & Cooling
- Cooling Type: None
- Heating Type: Fireplace(s), Wall Furnace, Wood
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Mediterranean, Spanish
- Foundation: Raised, Slab
- Roof: Spanish Tile, Tile
- Windows: Casement Windows, Double-Pane Windows, Insulated Windows, Plantation Shutters, Screens, Shutters
- Doors: Sliding Doors
- Entry Location: 1
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 1,561
- Year Built: 1928
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 2
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Property View: Ocean, Peek-a-Boo
- Lot Size (Acres): 0.0689
- Lot Size Source: Appraiser
- Lot Description: Corner Lot, Front Yard, Rectangular Lot, Level, Paved, Utilities - Overhead, Zero Lot Line
Financial Considerations
- Price Per Sq. Ft.: $1,441.38
- Price Per Unit: 765000
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Exclusions: All Seller and Tenants personal belongings
Listed by Harcourts Prime Properties, Bob Wolff
Sold by DirectPads, Yazen Haddad
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Schools
Schools serving 387 Oak St
School District:Laguna Beach Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
21601 Tree Top Ln, Laguna Beach, CA 92651 | K-5 | 1.5 mi | |
2100 Park Ave, Laguna Beach, CA 92651 | 6-8 | 1.2 mi | |
625 Park Ave, Laguna Beach, CA 92651 | 9-12 | 0.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 387 Oak St
Date
Details
Price
Change
Source
11/28/2023
Sold
$2,250,000
-1.96%
MLS
8/21/2023
Price Reduced
$2,295,000
-4.18%
MLS
8/01/2023
Price Reduced
$2,395,000
-4.01%
MLS
7/15/2023
Price Reduced
$2,495,000
-3.85%
MLS
6/29/2023
Price Reduced
$2,595,000
-3.71%
MLS
5/18/2023
Listed
$2,695,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
387 Oak Street, Laguna Beach, CA 92651 (MLS# OC23086632) is a Multi-Family property that was sold at $2,250,000 on November 28, 2023. Want to learn more about 387 Oak Street? Do you have questions about finding other Multi-Family real estate for sale in Laguna Village? You can browse all Laguna Village real estate or contact a Coldwell Banker agent to request more information.