$8,018,579
RENTED AUG 15, 2024
1 Bed
1 Bath
688 Sq Ft
$11,655 Price per Sq Ft

Highlights

  • Mountain View
  • No HOA
  • Hiking Trails
  • El Morro Elementary School Rated A+
  • Corian Countertops
  • Bathtub with Shower

About This Home

As of August 2024

Ocean side location, steps to the scenic Shaw's Cove beach, this new stylish remodeled 1 bedroom apartment awaits you! This upstairs level unit boasts a brand new kitchen with all new appliances, oak luxury vinyl floors, fresh white paint, and new everything. The living space and bedroom is generously sized for entertaining and relaxing. As a bonus, this unit has AC. There is one carport spot in the indoor parking area and a shared laundry room.

Located in North Laguna, this location is easy access to freeways and neighboring towns, shopping and business areas. Live in Laguna Beach, with miles of majestic beach coves, miles of hiking and mountain biking trails, top notch dining, shopping, and arts. Laguna is a friendly community and is one of the best places to live in the world!

Last Agent to Rent the Property

Kristine Peterson

Laguna Beach Properties Brokerage Phone: 949-566-3104 License #01391635 Listed on: 07/08/2024

Co-Listed By

Dave Csira

Laguna Beach Properties Brokerage Phone: 949-566-3104 License #01491451

Last Renter's Agent

Kristine Peterson

Laguna Beach Properties Brokerage Phone: 949-566-3104 License #01391635 Listed on: 07/08/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $72,805

Year Built

  • Built in 1955

Lot Details

  • 7,980 Sq Ft Lot
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Property Views

  • Mountain
  • Neighborhood

Home Design

  • Apartment

Interior Spaces

  • 688 Sq Ft Home
  • Vinyl Flooring
  • Laundry Room

Kitchen

  • Electric Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Corian Countertops

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom
  • Bathtub with Shower

Parking

  • 1 Parking Space
  • 1 Carport Space
  • Parking Available
  • Assigned Parking

Outdoor Features

  • Patio

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Sewer Paid
  • Cable TV Available

Listing and Financial Details

  • Security Deposit $2,995
  • Rent includes sewer, trash collection, water
  • Available 7/9/24
  • Legal Lot and Block 1 / U
  • Tax Tract Number 481
  • Assessor Parcel Number 05315319

Community Details

Overview

  • No Home Owners Association
  • 10 Units
  • North Laguna Subdivision
  • Mountainous Community
  • Property is near a preserve or public land
  • 20-Story Property

Amenities

  • Laundry Facilities

Recreation

  • Dog Park
  • Water Sports
  • Hiking Trails
  • Bike Trail

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$72,805

Year Built

Built in 1955

Lot Details

0

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2024-07-09
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Security: 2995
  • Furnished: Unfurnished
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: Multi Family
  • Inclusions: Water, sewer, gardening
  • Property Attached: Yes
  • Subdivision Name Other: North Laguna (NL)
  • View: Yes
  • Property Sub Type: Apartment
  • Property Type: Residential Lease
  • Parcel Number: 05315319
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 688.00 Square Feet
  • Stories: 20
  • Entry Location: 2
  • Common Walls: 1 Common Wall
  • Flooring: Vinyl
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Entry Level: 2
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 4.35
  • Room Type: Primary Bedroom
  • Bathroom Features: Shower In Tub
  • Room Kitchen Features: Corian Counters

Exterior Features

  • Patio: Yes
  • View: Mountain(s), Neighborhood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Range, Microwave
  • Heating Type: Central
  • Laundry Features: Common Area
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Dog Park, Hiking, Watersports, Mountainous, Preserve/Public Land

Schools

  • School District: Laguna Beach Unified

Lot Info

  • Additional Parcels: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 7980.00
  • Lot Size Acres: 0.1832
  • Latitude Manual: 33.54733000

Multi Family

  • Insurance Water Furniture: No
  • Lot Size Area: 7980.0000 Square Feet
  • Number Of Units In Community: 10
  • Number Of Units Total: 10
  • Rent Includes: Sewer, Trash Collection, Water

Tax Info

  • Tax Block: U
  • Tax Census Tract: 626.56
  • Tax Lot: 1
  • Tax Tract Number: 481

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 15, 2020
Sold by
Longo Family Limited Partnership
Bought by
Coastal Cove Investments Inc
Current Estimated Value
$8,018,579

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,200,000
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 25, 2013
Sold by
Longo Family Limited Partnership
Bought by
Longo Family Limited Partnership

Purchase Details

Closed on
Sep 28, 1995
Sold by
Longo Lena
Bought by
Longo Family Ltd Partnership
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Coastal Cove Investments Inc $5,950,000 Chicago Title Company
Longo Family Limited Partnership -- Fidelity National Title
Longo Family Ltd Partnership -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Coastal Cove Investments Inc $2,200,000
Previous Owner Longo Family Limited Partnership $850,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2024 08/15/24 Rented $2,995 0.0% --
08/01/2024 08/01/24 Price Changed $2,995 -3.4% $4 / Sq Ft
07/31/2024 07/31/24 Price Changed $3,100 -3.0% $5 / Sq Ft
07/22/2024 07/22/24 Price Changed $3,195 -6.0% $5 / Sq Ft
07/08/2024 07/08/24 For Rent $3,400 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $72,805 $6,314,187 $5,252,979 $1,061,208
2023 $70,581 $6,190,380 $5,149,980 $1,040,400
2022 $68,898 $6,069,000 $5,049,000 $1,020,000
2021 $36,616 $2,948,642 $496,931 $2,451,711
2020 $35,922 $2,918,408 $491,836 $2,426,572
2019 $35,120 $2,861,185 $482,192 $2,378,993
2018 $34,321 $2,805,084 $472,737 $2,332,347
2017 $33,497 $2,750,083 $463,468 $2,286,615
2016 $32,716 $2,696,160 $454,380 $2,241,780
2015 $32,076 $2,655,662 $447,555 $2,208,107
2014 $31,338 $2,603,642 $438,788 $2,164,854
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG24139256

California Regional Multiple Listing Service (CRMLS)

APN: 053-153-19