NOT LISTED FOR SALE
4 Beds
3 Baths
1,605 Sq Ft
9,583 Sq Ft Lot

Last Sold February 17, 2023

Last sale price $4,650,000 $2,897 Per Sq Ft

About This Home

One of the last chances to own waterfront, beach property in Southern California! Incredible oceanfront home with approximately 77 feet of footage off of S. Pacific Street. Zoned for multi-units, great development project with tons of potential. 2 lots preferably sold together for maximum benefit, approx. 9,692 est. sq. ft. between the two lots (price reflects both lots). Unobstructed panoramic white water views with opportunity to build your dream home or multiple units. This lot has a home and the other is parallel on the north side for more beach space or guest house. Per the city the lots are zoned (R-T) Residential Tourism with the potential to build up to 9 units and Short Term Rentals (STR) are allowed. Current home has 1bed/1bath with kitchen and living room, 1bed/1bath with kitchenette and a 2bed/1bath with living room and kitchen. All units have ocean views and deck space. There is additional storage below and a private sandy beach with rock seawall. Buyer and buyer's agent to verify all in MLS prior to COE.

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/17/2023 02/17/23 Sold $4,650,000 -6.9% $2,897 / Sq Ft View Prior Sale
11/20/2022 11/20/22 Price Changed $4,995,000 -9.1% $3,112 / Sq Ft
10/19/2022 10/19/22 For Sale $5,495,000 -- $3,424 / Sq Ft

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
2025 $30,873 $2,809,080 $2,684,232 $124,848
2024 $30,873 $2,754,000 $2,631,600 $122,400
2023 $26,010 $158,503 $125,531 $32,972
2022 $1,836 $158,503 $125,531 $32,972
2021 $1,843 $155,396 $123,070 $32,326
2020 $1,788 $153,804 $121,809 $31,995
2019 $1,738 $150,789 $119,421 $31,368
2018 $1,720 $147,833 $117,080 $30,753
2017 $1,688 $144,935 $114,785 $30,150
2016 $1,633 $142,094 $112,535 $29,559
2015 $1,587 $139,960 $110,845 $29,115
2014 $1,529 $137,219 $108,674 $28,545
Source: Public Records

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