Seller's Agent in 2013
Mark Miller
The W Collection, Inc.
(949) 280-2247
1 in this area
10 Total Sales
1223 N Coast Hwy Laguna Beach, CA 92651
North Laguna NeighborhoodEstimated Value: $10,349,921
3
Beds
6
Baths
7,000
Sq Ft
$1,479/Sq Ft
Est. Value
Highlights
- White Water Ocean Views
- Private Pool
- All Bedrooms Downstairs
- El Morro Elementary School Rated A+
- Primary Bedroom Suite
- Contemporary Architecture
About This Home
As of December 20131223 NORTH COAST HIGHWAY IS A UNIQUE AND EXTREMELY RARE MIXED USE PROPERTY LOCATED ON THE OCEAN SIDE OF PACIFIC COAST HIGHWAY IN NORTH LAGUNA BEACH. JUST ONE SHORT BLOCK TO CRESCENT BAY AND SHAW'S COVE. THE TOP LEVEL HOSTS A LUXURIOUS 2300 SQ. FT. 3 BEDROOM PENTHOUSE SUITE WITH POOL AND SPA, FIRE PIT AND OUTDOOR BBQ. PANORAMIC CITY AND OCEAN VIEWS. EAST, SOUTH AND WESTERN EXPOSURE ALLOW FOR SUN AND MOON RISINGS AND SETTINGS. EXPANSIVE DECKING ALLOWS FOR WATCHING THE BOATS, WHALES, DOLPHINS, SEALS, GULLS AND PELICANS GO BY. THE BUILDING IS WELL CARED FOR AND HIGHLY UPGRADED, THE ENTIRE PROPERTY MIXES THE LAGUNA LIFESTYLE WITH COMFORTABLE SECURE INCOME. ORIGINALLY BUILT 1966, THE BUILDING SITS AN ENTIRE LEVEL TALLER THAN CURRENT BUILDING CODES ALLOW. MIDDLE LEVEL OCEAN VIEW OFFICE'S ARE 100 PERCENT LEASED WITH A QUALITY LONG TERM TENANT. RETAIL LEVEL HAS A LONG ESTABLISHED FAVORITE LAGUNA RESTAURANT. 15 COVERED PARKING SPACES PLUS A 2 CAR OWNER'S GARAGE. ELEVATOR.
INCOME AND EXPENSE REPORT AVAILABLE ON REQUEST.
Last Agent to Sell the Property
The W Collection, Inc. License #01248234 Listed on: 05/22/2013
Last Buyer's Agent
Paul Stafford
Smart Move Real Estate License #00888562
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $66,566
Year Built
- Built in 1966 | Remodeled
Lot Details
- 7,841 Sq Ft Lot
- No Common Walls
- South Facing Home
- Fence is in average condition
- Density is 2-5 Units/Acre
Parking
- 2 Car Garage
- 15 Carport Spaces
- Parking Available
- Assigned Parking
Property Views
- White Water Ocean
- Catalina
- Panoramic
- City Lights
- Rock
Home Design
- Contemporary Architecture
- Block Foundation
- Wood Siding
- HardiePlank Type
- Copper Plumbing
Interior Spaces
- 7,000 Sq Ft Home
- 4-Story Property
- Beamed Ceilings
- Gas Fireplace
- Awning
- Living Room with Fireplace
- Living Room with Attached Deck
- Living Room Balcony
- Wood Flooring
- Laundry Room
Kitchen
- Built-In Range
- Dishwasher
Bedrooms and Bathrooms
- 3 Bedrooms
- All Bedrooms Down
- Primary Bedroom Suite
- 6 Bathrooms
Pool
- Private Pool
- Spa
Outdoor Features
- Fire Pit
- Outdoor Grill
- Rain Gutters
Utilities
- Forced Air Zoned Heating and Cooling System
- Sewer Paid
Listing and Financial Details
- Tenant pays for exterior maintenance, gas, grounds care, HVAC maintenance, insurance, trash collection, taxes, water
- Legal Lot and Block 1 / 1
- Tax Tract Number 481
- Assessor Parcel Number 05315105
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 3 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Insurance Expense $1
- Trash Expense $1
- Water Sewer Expense $1
- New Taxes Expense $1
- Gross Income $15,457
- Net Operating Income $167,494
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 22, 2013
Closed on
Feb 13, 2014
Sold by
Hsing Kuo Wu
Bought by
Kiku Property Llc
Seller's Agent
Mark Miller
The W Collection, Inc.
Buyer's Agent
Paul Stafford
Smart Move Real Estate
List Price
$5,750,000
Sold Price
$5,050,000
Premium/Discount to List
-$700,000
-12.17%
Total Days on Market
205
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,299,921
Avg. Annual Appreciation
6.47%
Purchase Details
Listed on
May 22, 2013
Closed on
Nov 18, 2013
Sold by
Redd Properties Llc
Bought by
Hsing Kuo Wu
Seller's Agent
Mark Miller
The W Collection, Inc.
Buyer's Agent
Paul Stafford
Smart Move Real Estate
List Price
$5,750,000
Sold Price
$5,050,000
Premium/Discount to List
-$700,000
-12.17%
Purchase Details
Closed on
Nov 18, 2003
Sold by
Herbert Kim D
Bought by
Redd Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.94%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Jul 1, 1999
Sold by
Herbert Kim
Bought by
Herbert Kim D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,250,000
Interest Rate
7.24%
Mortgage Type
Commercial
Purchase Details
Closed on
May 29, 1999
Sold by
Rowland Kim D and Rowland Deborah Kim
Bought by
Herbert Kim D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,250,000
Interest Rate
7.24%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 23, 1998
Sold by
Rowland Kim D
Bought by
Rowland Kim Deborah
Purchase Details
Closed on
Feb 26, 1998
Sold by
Sechrist Christina and Sechrist Christine
Bought by
Rowland Kim D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
7.18%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 26, 1995
Sold by
First Federal Bank Of California
Bought by
Sechrist Christine
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
7.97%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Aug 30, 1993
Sold by
Haghighi Manoutchehr and Dowlatshahi Soussan
Bought by
Haghighi Manoutchehr and Dowlatshahi Soussan
Purchase Details
Closed on
Sep 28, 1992
Sold by
Haghighi Manoutchehr
Bought by
Haghighi Soussan Dowlatshahi
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kiku Property Llc | -- | None Available | |
| Hsing Kuo Wu | $5,050,000 | Chicago Title Company | |
| Redd Properties Llc | -- | -- | |
| Herbert Kim D | -- | -- | |
| Herbert Kim D | -- | -- | |
| Herbert Kim D | -- | Stewart Title | |
| Rowland Kim Deborah | -- | -- | |
| Rowland Kim D | $1,782,500 | Fidelity Natl Title Ins Co | |
| Sechrist Christine | -- | First Southwest Title | |
| First Federal Bank Of California | $185,281 | -- | |
| Haghighi Manoutchehr | -- | -- | |
| Haghighi Soussan Dowlatshahi | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Redd Properties Llc | $350,000 | |
| Previous Owner | Redd Properties Llc | $1,600,000 | |
| Previous Owner | Herbert Kim D | $200,000 | |
| Previous Owner | Herbert Kim D | $1,000,000 | |
| Previous Owner | Herbert Kim D | $100,000 | |
| Previous Owner | Herbert Kim D | $1,250,000 | |
| Previous Owner | Rowland Kim D | $1,000,000 | |
| Previous Owner | Sechrist Christine | $800,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/16/2013 12/16/13 | Sold | $5,050,000 | -12.2% | $721 / Sq Ft |
| 12/13/2013 12/13/13 | Pending | -- | -- | -- |
| 05/22/2013 05/22/13 | For Sale | $5,750,000 | -- | $821 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $66,566 | $6,069,223 | $4,927,493 | $1,141,730 |
| 2023 | $66,406 | $5,950,219 | $4,830,875 | $1,119,344 |
| 2022 | $64,952 | $5,833,549 | $4,736,152 | $1,097,397 |
| 2021 | $63,972 | $5,719,166 | $4,643,286 | $1,075,880 |
| 2020 | $64,202 | $5,660,523 | $4,595,674 | $1,064,849 |
| 2019 | $63,172 | $5,549,533 | $4,505,563 | $1,043,970 |
| 2018 | $61,628 | $5,440,719 | $4,417,219 | $1,023,500 |
| 2017 | $54,890 | $5,334,039 | $4,330,607 | $1,003,432 |
| 2016 | $59,546 | $5,229,450 | $4,245,693 | $983,757 |
| 2015 | $53,441 | $5,150,899 | $4,181,918 | $968,981 |
| 2014 | $52,107 | $5,050,000 | $4,100,000 | $950,000 |
Source: Public Records
Agents Affiliated with this Home
-
Mark Miller
-
Chris Guziak
Seller Co-Listing Agent in 2013
Chris Guziak
Coldwell Banker Realty
(949) 285-0509
18 Total Sales
-
Buyer's Agent in 2013
Paul Stafford
Smart Move Real Estate
(818) 591-8800
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: LG13099282
APN: 053-151-05
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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
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