Seller's Agent in 2013
Jonathan Mitchell
Kidder Mathews of California, Inc
(714) 337-8405
1435 N Coast Hwy Laguna Beach, CA 92651
North Laguna NeighborhoodEstimated Value: $11,021,948
--
Bed
1
Bath
10,560
Sq Ft
$1,044/Sq Ft
Est. Value
Highlights
- Ocean View
- Beach Access
- 0.53 Acre Lot
- El Morro Elementary School Rated A+
About This Home
As of September 2013The subject property, 1435 North Pacific Coast Highway is a Laguna Beach gem. The Crescent Bay Inn has been operating as a hotel and month-to-month apartment living.
The Crescent Bay Inn is just steps to the Crescent Bay Beach and downtown Laguna Beach. Crescent Bay Beach is a picturesque spot with staggering cliffsides on both sides of the beach, creating the bay. Visitors to the Inn often walk down to the beach-path access to Crescent Bay Beach and park.
The city of Laguna Beach is well known as a unique beach community and artist's colony with seven miles of city beaches running along its nine square miles. The resident population enjoys the ambiance provided by the sandy beaches, canyons and coastal hills. During the summer, several million visitors are drawn to the resort environment for its picturesque beaches, art festivals and the Pageant of the Masters. Laguna's village scale shopping district, blufftop walkways and tram system create a pedestrian environment and scale which is unique in Southern California.
Last Agent to Sell the Property
Kidder Mathews of California, Inc License #01227852 Listed on: 09/05/2013
Last Buyer's Agent
Kidder Mathews of California, Inc License #01227852 Listed on: 09/05/2013
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $69,525
Year Built
- Built in 1947
Lot Details
- 0.53 Acre Lot
- Property fronts a highway
- Two or More Common Walls
Parking
- 29 Car Garage
- Parking Available
- Unassigned Parking
Property Views
- Ocean
- Coastline
Home Design
- 10,560 Sq Ft Home
- Property Attached
Outdoor Features
- Beach Access
- Exterior Lighting
Additional Features
- 1 Bathroom
- Suburban Location
- Septic Type Unknown
Listing and Financial Details
- Assessor Parcel Number 05313407
Community Details
Overview
- 3 Buildings
- 29 Units
Building Details
- 14 Leased Units
- 29 Separate Electric Meters
- 29 Separate Gas Meters
- 29 Separate Water Meters
- Electric Expense $17,322
- Insurance Expense $10,761
- Maintenance Expense $19,841
- Trash Expense $10,761
- Water Sewer Expense $10,761
- New Taxes Expense $15,674
- Gross Income $25,778
- Net Operating Income $302,578
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 17, 2016
Sold by
Patel Ashokkumar and Patel Daksha
Bought by
1435 Coast Lp
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,950,000
Outstanding Balance
$3,984,632
Interest Rate
3.59%
Mortgage Type
Commercial
Estimated Equity
$6,773,864
Purchase Details
Listed on
Sep 5, 2013
Closed on
Aug 16, 2013
Sold by
Hyun Chang Ju
Bought by
Patel Ashokkumar and Patel Daksha
Seller's Agent
Jonathan Mitchell
Kidder Mathews of California, Inc
Buyer's Agent
Jonathan Mitchell
Kidder Mathews of California, Inc
List Price
$5,395,000
Sold Price
$5,200,000
Premium/Discount to List
-$195,000
-3.61%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.28%
Original Mortgage
$3,900,000
Interest Rate
4.36%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 2, 2005
Sold by
Hyun Chang Ju
Bought by
Hyun Chang Ju
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 |
|---|---|---|---|
| 1435 Coast Lp | -- | Orange Coast Title Co | |
| Patel Ashokkumar | $5,200,000 | Ticor Title Company Of Ca | |
| Hyun Chang Ju | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 1435 Coast Lp | $4,950,000 | |
| Previous Owner | Patel Ashokkumar | $3,900,000 | |
| Previous Owner | Hyun Chang Ju | $50,000 | |
| Previous Owner | Hyun Chang Ju | $1,500,000 | |
| Previous Owner | Hyun Chang Ju | $1,720,000 | |
| Previous Owner | Hyun Chang Ju | $300,000 | |
| Previous Owner | Hyun Chang Ju | $1,100,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/19/2013 09/19/13 | Sold | $5,200,000 | -3.6% | $492 / Sq Ft |
| 07/05/2013 07/05/13 | Pending | -- | -- | -- |
| 05/22/2013 05/22/13 | For Sale | $5,395,000 | -- | $511 / 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 |
|---|---|---|---|---|
| 2025 | $69,525 | $6,374,485 | $5,700,265 | $674,220 |
| 2024 | $69,525 | $6,249,496 | $5,588,496 | $661,000 |
| 2023 | $68,652 | $6,126,957 | $5,478,917 | $648,040 |
| 2022 | $68,010 | $6,006,821 | $5,371,487 | $635,334 |
| 2021 | $64,589 | $5,889,041 | $5,266,164 | $622,877 |
| 2020 | $64,706 | $5,828,657 | $5,212,166 | $616,491 |
| 2019 | $64,708 | $5,714,370 | $5,109,967 | $604,403 |
| 2018 | $63,558 | $5,602,324 | $5,009,772 | $592,552 |
| 2017 | $56,514 | $5,492,475 | $4,911,541 | $580,934 |
| 2016 | $59,685 | $5,384,780 | $4,815,236 | $569,544 |
| 2015 | $56,004 | $5,303,896 | $4,742,907 | $560,989 |
| 2014 | $58,159 | $5,200,000 | $4,650,000 | $550,000 |
Source: Public Records
Agents Affiliated with this Home
-
Jonathan Mitchell
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC13095946
APN: 053-134-07
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