387 Oak Street

Laguna Beach, CA 92651

$2,250,000

Sold Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $1,441 / sqft

1928

calendar_month Built

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!

Listing Information

Close Price $2,250,000
Close Date Tuesday, November 28th, 2023
Status Closed
MLS OC23086632
Type Residential Income
Subtype Single Family Residence
Year Built 1928
Lot Size 3,000
Structure Size N/A
DOM 162
Courtesy Of Harcourts Prime Properties
Listing Agent Bob Wolff DRE#01053562

Interior Features

Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Flooring Information
Material Carpet, Tile, Wood
Fireplace Information
Features Living Room, Wood Burning
Additional Information
Additional Features Balcony, Block Walls, Copper Plumbing Partial, Tile Counters
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Bob Wolff, Harcourts Prime Properties . *Based on information from the Association of REALTORS/Multiple Listing as of Nov 28th, 2023 at 12:57 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.