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387 Oak St, Laguna Beach, CA 92651
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387 Oak St Laguna Beach, CA 92651

$2,250,000 Sold Price as of 11/28/2023
  • 4 Beds
  • 3.25 Baths
  • 1,561 Sq.Ft.
Sold
$2,250,000 Sold Price as of 11/28/2023 Refinance Your Mortgage
Map preview of 387 Oak St, Laguna Beach, CA 92651

Property Overview: 387 Oak St Laguna Beach, CA has 4 bedrooms, 3.25 bathrooms, 1,561 living square feet and 3,000 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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!

Listed by Bob Wolff | BRE #01053562 | Harcourts Prime Properties
Last checked: 8 minutes ago | Last updated: November 29th, 2023 | Source CRMLS | DOM: 162

Home details

Lot Sq. Ft
3,000
HOA Dues
$0/mo
Year built
1928
Garage
--
Property Type:
Single Family Home
Status
Sold
MLS#
OC23086632
City
Laguna Beach
County
Orange
Time on Site
333 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Leased Units: 3
  • # of Electric Meters: 0
  • # of Gas Meters: 0
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,600
  • Total Rent: $2,600
  • Pro Forma/Market Rent: $4,850
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $1,950
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $5,500
  • Net Operating Income: $4,735
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $765
  • Electric: $4,200
  • Gas/Fuel: $1,080
  • Trash: $612
  • Insurance: $1,980
  • Water/Sewer: $1,920

Property Details for 387 Oak St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Fireplace(s), Wall Furnace, Wood
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Washer Hookup
Fireplace Information
  • Has Fireplace
  • Living Room, Wood Burning
Room Information
  • Flooring: Carpet, Tile, Wood
  • Galley Kitchen, Kitchen, Main Floor Bedroom
Kitchen Information
  • Has Appliances
  • Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater, Refrigerator, Water Heater
Interior Features
  • Balcony, Block Walls, Copper Plumbing Partial, Tile Counters
  • Levels: Two
  • Window Features: Casement Windows, Double Pane Windows, Insulated Windows, Plantation Shutters, Screens, Shutters
  • Security Features: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Security Lights, Smoke Detector(s)
  • Door Features: Sliding Doors
Exterior Features
Exterior Information
  • Roof: Spanish Tile, Tile
  • Rain Gutters
  • Has Fence
  • Block
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Driveway, Off Street, Parking Space, Side by Side
Lot Information
  • Lot Features: Corner Lot, Front Yard, Rectangular Lot, Level, Paved, Utilities - Overhead, Zero Lot Line
  • Lot Size Source: Appraiser
  • Common Interest: None
Property Information
  • Has View
  • View: Ocean, Peek-A-Boo
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 64408302
  • Year Built Source: Assessor
  • Architectural Style: Mediterranean, Spanish
  • Entry Level: 1
  • Foundation Details: Raised, Slab
  • Property is not Attached
  • Accessibility Features: None
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: The Village (VIL)
  • Directions: PCH to Oak St. Cross Streets: Glenneyre & Catalina
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Paved
Neighborhood Information
  • Community Features: Biking, Curbs, Dog Park, Hiking, Park, Sidewalks, Storm Drains, Street Lights, Suburban
View more facts & features

Local Laguna Beach Agent

Sale History for 387 Oak St

Last sold for $2,250,000 on November 28th, 2023

  • November, 2023

  • Nov 28, 2023

    Date

    Sold

    CRMLS: OC23080909

    $2,250,000

    Price

  • May 17, 2023

    Date

    Active

    CRMLS: OC23080909

    $2,695,000

    Price

  • Listing provided courtesy of CRMLS

    Absolutely an exceptional investment/residential opportunity located within 3 blocks to the "sand" and the Pacific Ocean! 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!

  • November, 2023

  • Nov 28, 2023

    Date

    Sold

    CRMLS: OC23086632

    $2,250,000

    Price

  • May 18, 2023

    Date

    Active

    CRMLS: OC23086632

    $2,695,000

    Price

Show More

Tax History for 387 Oak St

Assessed Value (2020): $90,179
Year Land Value Improved Value Assessed Value
2020 $63,950 $26,229 $90,179

Home Value Compared to the Market

This property vs the competition

387 Oak St sold on November 28, 2023 for 31.08% lower than the current median sold price for the city of Laguna Beach which is $3,330,000. The median sold price per/sqft for Laguna Beach is $1,531 and this home is sold at $1470.21 per/sqft which puts the price per square foot 3.97% lower than the current median sale per square foot for the city of Laguna Beach.

About 387 Oak St

Detailed summary of property

387 Oak St is a single family home that recently sold in Laguna Beach, CA 92651. This house offered 4 bedrooms, 3.25 bathrooms, roughly 1,561 living square feet, and sits on an approximately 3,000 square foot lot. 387 Oak St was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $2,250,000. Home in Laguna Beach are selling for a median price of $3,330,000 and a median price per square foot of $1,531. Based on Ardent Real Estate Group's Laguna Beach Market Data, this home is sold 31.08% lower than the current median priced home. Local homes that are currently for sale include 912 Santa Ana St, 2084 Del Mar Ave and 217 Wave St. While the average home in Laguna Beach, CA is selling in 94 days, 387 Oak St has a days on market of 162 days. There are currently 161 homes for sale in the Laguna Beach real estate market and 141 of them are single family homes while 20 of them are condos and 0 are townhomes. For more information on this home for sale at 387 Oak St Laguna Beach, CA 92651 contact Ardent Real Estate Group and we will put you in touch with one of our Laguna Beach agents.

Public Facts for 387 Oak St

Public county record property details
Beds
2
Baths
1
Year built
1928
Sq. Ft.
1,324
Lot Size
3,000
Stories
2
Type
Single Family Residential
Pool
No
Spa
No
County
Orange
Lot#
--
APN
644-083-02

The source for these homes facts are from public records.

92651 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$4,250,000
Median List Price/Sq.Ft.
$1,759
Median Sold Price
$3,330,000
Median Sold Price/Sq.Ft.
$1,531
Total Inventory
159
Median Sale to List Price %
95.28%
Avg Days on Market
52
Loan Type
Conventional (24.14%), FHA (0%), VA (0%), Cash (48.28%), Other (27.59%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 387 Oak St

1124 Catalina St, Laguna Beach, CA 92651
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0 Baths
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1124 Catalina St
Laguna Beach, CA 92651
1136 catalina, Laguna Beach, CA 92651
$1,885,000 Last Sold Price
3 Beds
1 Baths
1471 Sq.Ft.
1136 catalina
Laguna Beach, CA 92651
1045 Catalina, Laguna Beach, CA 92651
$1,355,000 Last Sold Price
2 Beds
1 Baths
600 Sq.Ft.
1045 Catalina
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1086 Glenneyre St, Laguna Beach, CA 92651
$1,100,000 Last Sold Price
2 Beds
1 Baths
650 Sq.Ft.
1086 Glenneyre St
Laguna Beach, CA 92651

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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