NOT LISTED FOR SALE

Estimated Value: $9,522,986

1 Bed
1 Bath
700 Sq Ft
$13,604/Sq Ft Est. Value

Highlights

  • Gated Community
  • Peek-A-Boo Views
  • Wood Flooring
  • El Morro Elementary School Rated A+
  • Deck
  • 2-minute walk to Main Beach Park

About This Home

As of February 2020

Freestanding cottage at The Villa where you can the ocean from your private deck. Open beam ceiling in the main living area. This property is located across from the main beach in downtown Laguna Beach. Remodeled with new kitchen cabinets, granite counters and tile floor, fresh paint and refinished wood floors throughout. One assigned parking space is included or a resident parking permit from the City. This is an extremely charming building, with incredible grounds and community courtyards to enjoy, privately gated and just steps to the downtown shops and restaurants

Last Agent to Rent the Property

Tara Blair

Compass License #00805703 Listed on: 12/04/2019

Compass

Last Renter's Agent

Tara Blair

Compass License #00805703 Listed on: 12/04/2019

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $67,477

Year Built

  • Built in 1928

Lot Details

  • 7,405 Sq Ft Lot
  • No Common Walls
  • Density is 11-15 Units/Acre

Interior Spaces

  • 700 Sq Ft Home
  • 2-Story Property
  • Beamed Ceilings
  • Ceiling Fan
  • Peek-A-Boo Views
  • Gas Cooktop
  • Laundry Room

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

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

Outdoor Features

  • Deck
  • Patio
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Wall Furnace

Listing and Financial Details

  • Security Deposit $2,150
  • Rent includes gardener
  • 12-Month Minimum Lease Term
  • Available 12/4/19
  • Tax Lot 2
  • Tax Tract Number 208
  • Assessor Parcel Number 49601203

Community Details

Overview

  • No Home Owners Association
  • 12 Units

Pet Policy

  • Pet Deposit $500
  • Cats Allowed

Additional Features

  • Laundry Facilities
  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$67,477

Year Built

Built in 1928

Lot Details

0

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2019-12-04
  • Credit Check Paid By: Tenant
  • Deposit Pets: 500
  • Deposit Security: 2150
  • Furnished: Unfurnished
  • Pets Allowed: Cats OK
  • Transfer Fee Paid By: Owner

Listing Details

  • Structure Type: Multi Family
  • Property Attached: No
  • Security: Gated Community
  • Subdivision Name Other: North Laguna (NL)
  • View: Yes
  • Zoning: C-1
  • Property Sub Type: Apartment
  • Property Type: Residential Lease
  • Parcel Number: 49601203
  • Year Built: 1928
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 700.00 Square Feet
  • Interior Amenities: Beamed Ceilings, Ceiling Fan(s)
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Appliances: Yes
  • 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: 3.71
  • Room Type: All Bedrooms Down
  • Bathroom Features: Shower In Tub

Exterior Features

  • Patio: Yes
  • View: Peek-A-Boo
  • Patio And Porch Features: Deck
  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Schools

  • School District: Laguna Beach Unified

Lot Info

  • Additional Parcels: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months
  • Lot Size Area: 7405.0000 Square Feet
  • Number Of Units In Community: 12
  • Number Of Units Total: 1
  • Rent Includes: Gardener

Tax Info

  • Tax Census Tract: 626.05
  • Tax Lot: 2
  • Tax Tract Number: 208

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 23, 2013
Sold by
L B Villas Llc
Bought by
Pacific Diversified #8 Llc
Current Estimated Value
$9,522,986

Purchase Details

Closed on
Jun 3, 2005
Sold by
Flynn Michael P
Bought by
L B Villas Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Interest Rate
5.77%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 8, 2005
Sold by
Flynn Michael P
Bought by
L B Villas Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Interest Rate
5.77%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 11, 2005
Sold by
Flynn Deena
Bought by
Flynn Michael P

Purchase Details

Closed on
Jan 3, 2005
Sold by
Park Region Homes Llc
Bought by
Flynn Michael P

Purchase Details

Closed on
Jul 9, 2001
Sold by
Olennick James H and Olennick Maria Elena
Bought by
Park Region Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,115,000
Interest Rate
7.24%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 7, 1996
Sold by
Jordan Smith Diane
Bought by
Olennick James H and Olennick Maria Elena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
7.97%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Pacific Diversified #8 Llc $4,500,000 Lawyers Title Company
L B Villas Llc -- --
L B Villas Llc -- --
Flynn Michael P -- Chicago Title Co Irvine
Flynn Michael P $5,350,000 Chicago Title Co Irvine
Park Region Homes Llc -- Chicago Title Co
Olennick James H $1,070,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pacific Diversified No 8 Llc $3,750,000
Closed Pacific Diversified #8 Llc $3,000,000
Previous Owner Flynn Michael P $1,400,000
Previous Owner Park Region Homes Llc $2,340,000
Previous Owner Park Region Homes Llc $1,115,000
Previous Owner Olennick James H $345,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2020 02/01/20 Rented $2,600 -5.5% --
12/04/2019 12/04/19 For Rent $2,750 0.0% --
11/08/2018 11/08/18 Rented $2,750 0.0% --
10/20/2018 10/20/18 Under Contract -- -- --
10/04/2018 10/04/18 For Rent $2,750 -- --
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 $67,477 $5,408,219 $4,566,944 $841,275
2023 $65,207 $5,302,176 $4,477,396 $824,780
2022 $63,844 $5,198,212 $4,389,604 $808,608
2021 $60,530 $5,096,287 $4,303,534 $792,753
2020 $59,946 $5,044,031 $4,259,406 $784,625
2019 $58,657 $4,945,129 $4,175,888 $769,241
2018 $57,353 $4,848,166 $4,094,008 $754,158
2017 $56,019 $4,753,104 $4,013,733 $739,371
2016 $54,756 $4,659,906 $3,935,032 $724,874
2015 $53,728 $4,589,910 $3,875,924 $713,986
2014 $52,529 $4,500,000 $3,800,000 $700,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19275844

California Regional Multiple Listing Service (CRMLS)

APN: 496-012-03