NOT LISTED FOR SALE

Estimated Value: $4,081,632

1 Bed
1 Bath
847 Sq Ft
$4,819/Sq Ft Est. Value

Highlights

  • White Water Ocean Views
  • Ocean Side of Highway 1
  • Main Floor Primary Bedroom
  • El Morro Elementary School Rated A+
  • Open Floorplan
  • 1-minute walk to Ruby Street Park

About This Home

As of June 2020

This apartment is located on a spacious corner lot on the ocean side of Coast Hwy in Laguna Beach Village. 1 bedroom, 1 bath residential unit featuring private balconies with full ocean views of the Pacific, Catalina Island in the distance, and epic sunsets over the horizon. Recent improvements include: nearly all new drywall, electrical, plumbing, HVAC, roof, windows, doors, exterior paint, rain gutters, and new exterior stairs. This unit has exposed wood beam ceilings, a remodeled kitchen, upgraded appliances, tile flooring, and updated countertops. The property includes a one-car garage which is a rarity this close to the beach in Laguna. A short stroll, less than a minute, will take you to the beach stairs, leading to Woods Cove Beach. With its coveted location and amazing views, this is truly an amazing rental. Utility cost are included in rent (Water, Electricity, Gas, and Trash).

Last Agent to Rent the Property

John Stanaland

DOUGLAS ELLIMAN OF CALIFORNIA, INC. License #01223768 Listed on: 06/01/2020

DOUGLAS ELLIMAN OF CALIFORNIA, INC.

Last Renter's Agent

Stephanie Cismoski

Compass License #02043847

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $35,463

Year Built

  • Built in 1922 | Remodeled

Lot Details

  • 4,792 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot

Parking

  • 1 Car Garage

Property Views

  • White Water Ocean
  • Coastline
  • Catalina
  • Panoramic
  • Neighborhood

Home Design

  • Quadruplex
  • Turnkey

Interior Spaces

  • 847 Sq Ft Home
  • Open Floorplan
  • High Ceiling
  • Granite Countertops
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Full Bathroom

Outdoor Features

  • Ocean Side of Highway 1
  • Patio

Utilities

  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Security Deposit $2,950
  • Rent includes electricity, gardener, gas, sewer, trash collection, water
  • 12-Month Minimum Lease Term
  • Available 6/1/20
  • Tax Lot 5
  • Tax Tract Number 5003
  • Assessor Parcel Number 64427801

Community Details

Overview

  • No Home Owners Association
  • $65 HOA Transfer Fee
  • 4 Units
  • Woods Cove Subdivision

Amenities

  • Laundry Facilities

Pet Policy

  • Call for details about the types of pets allowed
  • Pet Deposit $500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$35,463

Year Built

Built in 1922 | Remodeled

Lot Details

0

Parking

1

Rental Info

  • Cashiers Check: 1ST Month Rent, Pet Deposit, Security Deposit
  • Available Date: 2020-06-01
  • Credit Check Paid By: Tenant
  • Deposit Key: 50
  • Deposit Pets: 500
  • Deposit Security: 2950
  • Furnished: Unfurnished
  • Pets Allowed: Call
  • Transfer Fees: 65.00
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: Quadruplex
  • Property Attached: Yes
  • Subdivision Name Other: Woods Cove (WC)
  • View: Yes
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Apartment
  • Property Type: Residential Lease
  • Parcel Number: 64427801
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 847.00 Square Feet
  • Interior Amenities: Granite Counters, High Ceilings, Open Floorplan
  • Common Walls: 1 Common Wall
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 3.66
  • Room Type: Main Floor Master Bedroom, Master Bathroom

Exterior Features

  • Patio: Yes
  • View: Catalina, Coastline, Neighborhood, Ocean, Panoramic, Water, White Water
  • Patio And Porch Features: Patio
  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Sewer Available, Water Available
  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Schools

  • School District: Laguna Beach Unified

Lot Info

  • Additional Parcels: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 4792.00
  • Lot Size Acres: 0.1100

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: 12 Months
  • Lot Size Area: 4792.0000 Square Feet
  • Number Of Units In Community: 4
  • Number Of Units Total: 1
  • Rent Includes: Electricity, Gardener, Gas, Sewer, Trash Collection, Water
  • Waterfront Features: Ocean Side Of Highway 1

Tax Info

  • Tax Lot: 5
  • Tax Tract Number: 05003

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 24, 2021
Sold by
Old Brussels Llc
Bought by
Du Shoujen Daniel and Li Christie Zheng
Current Estimated Value
$4,081,632

Purchase Details

Closed on
Jun 28, 2003
Sold by
Simba Lp
Bought by
Old Brussels Llc

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
5.26%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 14, 2000
Sold by
Flamingo Apartments
Bought by
Simba Ltd Partnership

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$627,800
Interest Rate
7.81%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 15, 1999
Sold by
Suntree Apartments Company
Bought by
Flamingo Apartments

Purchase Details

Closed on
Oct 25, 1995
Sold by
Hadco International Inc
Bought by
Suntree Apartments Company

Purchase Details

Closed on
May 8, 1995
Sold by
Hadco International Inc
Bought by
Durham Investments Inc

Purchase Details

Closed on
Oct 3, 1994
Sold by
Enterprise Holdings Inc
Bought by
Hadco International Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$680,000
Interest Rate
8.78%
Mortgage Type
VA

Purchase Details

Closed on
Nov 17, 1993
Sold by
Miller Jess L
Bought by
Enterprise Holding Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
6.85%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 14, 1993
Sold by
Miller Jess L
Bought by
Miller Jess L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
6.85%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
Du Shoujen Daniel $3,200,000 Lawyers Title
Old Brussels Llc $1,696,000 Chicago Title Co
Simba Ltd Partnership $860,000 Chicago Title Co
Flamingo Apartments $500,000 Chicago Title Co
Suntree Apartments Company $372,317 First American Title Ins Co
Durham Investments Inc -- --
Hadco International Inc $1,141,000 Old Republic Title
Enterprise Holding Inc $1,000,000 Old Republic Title Company
Miller Jess L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Old Brussels Llc $1,250,000
Previous Owner Old Brussels Llc $1,000,000
Previous Owner Sumner Scott Paul $25,000
Previous Owner Simba Ltd Partnership $143,175
Previous Owner Sumner Scott Paul $150,000
Previous Owner Simba Ltd Partnership $627,800
Previous Owner Hadco International Inc $680,000
Previous Owner Enterprise Holding Inc $190,000
Closed Hadco International Inc $332,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2020 06/12/20 Rented $3,100 0.0% --
06/01/2020 06/01/20 For Rent $3,100 +24.0% --
10/15/2013 10/15/13 Rented $2,500 0.0% --
10/15/2013 10/15/13 For Rent $2,500 +13.6% --
10/31/2012 10/31/12 Rented $2,200 0.0% --
10/28/2012 10/28/12 Under Contract -- -- --
10/18/2012 10/18/12 For Rent $2,200 -- --
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 $35,463 $3,395,865 $2,599,959 $795,906
2023 $34,618 $3,329,280 $2,548,980 $780,300
2022 $33,936 $3,264,000 $2,499,000 $765,000
2021 $28,030 $2,508,899 $1,781,138 $727,761
2020 $25,935 $2,483,174 $1,762,875 $720,299
2019 $25,522 $2,434,485 $1,728,309 $706,176
2018 $25,417 $2,386,750 $1,694,420 $692,330
2017 $25,417 $2,339,951 $1,661,196 $678,755
2016 $24,433 $2,294,070 $1,628,623 $665,447
2015 $23,609 $2,259,611 $1,604,159 $655,452
2014 $23,146 $2,215,349 $1,572,736 $642,613
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG20104612

California Regional Multiple Listing Service (CRMLS)

APN: 644-278-01