1 Serrano Way, Del Rey Oaks, California 93940, Del Rey Oaks, 93940 - 2 bed, 1 bath
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Del Rey Oaks, California 93940
This Turnkey Single-Family Residence represents a Strong Value Opportunity, listed at $895,000—positioned above the $874,907 Fair Market Value by 2%. Despite the premium, the property features a Mint Condition Rating with high-end renovations, a private garden, and a Patio. The 5,600 sqft corner lot offers significant ADU Potential, while the 800 sqft storage loft provides rare functional space. Located near Del Rey Woods Elementary (Rating 7), this home is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in-ready lifestyle with long-term expansion upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1 Serrano Way Subject | $895,000* List Price | 2 | 1 | 863 | $1,014 | - |
A 415 Hannon Avenue Sold | $980,000 | 2 | 2 | 1,038 | $944 | 0.8 mi |
B 217 Edinburgh Avenue Active | $925,000 List Price | 2 | 1 | 958 | $966 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1948, the property has undergone a high-end, comprehensive renovation within the last 5 years. The kitchen and bathroom are fully modernized with premium finishes like a farmhouse sink, subway tile, and contemporary cabinetry. New flooring, recessed lighting, and updated fixtures throughout indicate a mint, move-in-ready condition with no immediate maintenance required.
Situated on a prime 5,600 sqft corner lot, the property offers significant opportunity to construct an Accessory Dwelling Unit (ADU) for rental income, guests, or extended living.
The home features a unique ~800 sqft storage loft that nearly doubles the functional footprint, complemented by a detached garage and a large driveway accommodating up to three vehicles.
Located in the sought-after Del Rey Oaks neighborhood, the property boasts a serene private garden and excellent proximity to beaches, shopping, and major commuter highways.
With only 863 square feet of living space and a single bathroom, the home's current scale may be restrictive for larger families or those seeking a primary suite.
Originally built in 1948, the property may require more frequent maintenance or updates to core systems compared to newer constructions, despite recent cosmetic improvements.
Charming Updated Home in Highly Desirable Del Rey Oaks. As you enter the front gate, you will be captivated by the beautiful and serene private garden. This updated 2-bedroom, 1-bath single-level home is situated on a prime corner lot in the sought-after Del Rey Oaks neighborhood. Offering both comfort and opportunity, this property features ample space to build an ADU perfect for additional income, guests, or extended living. Inside, you'll find a bright and inviting layout with tasteful updates throughout, creating a warm, welcoming atmosphere. The home includes a detached one-car garage, a large driveway with parking for up to three vehicles, and an impressive ~800 sq ft storage loft over the bedrooms, ideal for hobbies, storage, or creative use. Enjoy the convenience of being just minutes from shopping, dining, and the beautiful nearby beaches, with easy access to Highway 68 and Highway 1 for commuting or weekend getaways. This is a must-see property with incredible potential. Don't miss your chance to make it yours!
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 1.4 mi
Grades 6-8 • 3.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 14% |
| Baths | 1.0 | 2.0 | 12% |
| Square foot | 863 | 1,988 | 3% |
| Lot Size | 5,600 | 6,922.5 | 34% |
| Price | $895.0K | $1.19M | 16% |
| Price per sq ft | $1.0K | $664 | 93% |
| Built year | 1948 | 1963 | 22% |
| HOA | $0 | $0 | 50% |
| Days on market | 71 | 177 | 7% |
Mar 27, 2026
$895,000
Initial Listing
Sep 29, 2014
$402,500
Public Record
May 14, 1996
$155,000
Public Record