$9,533,467
RENTED MAY 12, 2025
1 Bed
1 Bath
750 Sq Ft
$12,711 Price per Sq Ft

Highlights

  • White Water Ocean Views
  • Updated Kitchen
  • No HOA
  • El Morro Elementary School Rated A+
  • Wood Flooring
  • 2-minute walk to Main Beach Park

About This Home

As of October 2018

Completely remodeled inside from floors to ceiling this beautiful OCEANFRONT unit in Historical Laguna Villas is absolutely pristine. The unit boasts beautiful brand new aged wood floors throughout and a living area that opens up the the beautiful Pacific Ocean with high beamed ceilings, two toned accent paint extra high baseboards and over sized crown molding no aesthetics have been overlooked. Kitchen is open and spacious with shaker style white cabinetry and appliances. New modern lighting fixtures in the bedroom which boasts a long over sized closet with new installed wood shelving. Do not hesitate. This unit will not last long! TWO WEEKS FREE PROMOTION!!!

Last Agent to Rent the Property

Tara Blair

Compass License #00805703 Listed on: 06/01/2018

Compass

Co-Listed By

Diane Cannon

Compass License #01090918

Last Renter's Agent

Tara Blair

Compass License #00805703 Listed on: 06/01/2018

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $67,477

Year Built

  • Built in 1928

Lot Details

  • 7,405 Sq Ft Lot
  • 1 Common Wall
  • Density is 11-15 Units/Acre

Property Views

  • White Water Ocean
  • Coastline
  • Catalina
  • Panoramic
  • City Lights

Home Design

  • Apartment

Interior Spaces

  • 750 Sq Ft Home
  • 2-Story Property
  • Entryway
  • Combination Dining and Living Room
  • Wood Flooring
  • Updated Kitchen
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Parking

  • 1 Open Parking Space
  • 1 Parking Space

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Additional Features

  • Urban Location
  • Wall Furnace

Listing and Financial Details

  • Security Deposit $3,000
  • Rent includes gardener
  • 12-Month Minimum Lease Term
  • Available 6/2/18
  • Tax Lot 2
  • Tax Tract Number 208
  • Assessor Parcel Number 49601203

Community Details

Overview

  • No Home Owners Association
  • 12 Units

Amenities

  • Laundry Facilities

Pet Policy

  • Pet Deposit $500
  • Cats Allowed

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: 2018-06-02
  • Credit Check Paid By: Tenant
  • Deposit Pets: 500
  • Deposit Security: 3000
  • Furnished: Unfurnished
  • Pets Allowed: Cats OK
  • Transfer Fee Paid By: Owner

Listing Details

  • Property Attached: Yes
  • 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: 750.00 Square Feet
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Eating Area: In Living Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 4.66
  • Room Type: All Bedrooms Down, Entry, Kitchen, Living Room
  • Room Kitchen Features: Remodeled Kitchen

Exterior Features

  • View: Catalina, City Lights, Coastline, Ocean, Panoramic, White Water
  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 1.00
  • Uncovered Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • 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, Urban

Schools

  • School District: Laguna Beach Unified

Lot Info

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

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months
  • 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
$9,533,467

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

Purchase Details

Closed on
Feb 7, 1996
Sold by
Jordan Smith Diane
Bought by
Olennick James H and Olennick Maria Elena
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
Pacific Diversified #8 Llc $4,500,000 Lawyers Title Company
Pacific Diversified #8 Llc $4,500,000 Lawyers Title Company
Pacific Diversified #8 Llc $4,500,000 Lawyers Title Company
L B Villas Llc -- --
L B Villas Llc -- --
L B Villas Llc -- --
L B Villas Llc -- --
L B Villas Llc -- --
L B Villas Llc -- --
Flynn Michael P -- Chicago Title Co Irvine
Flynn Michael P -- Chicago Title Co Irvine
Flynn Michael P -- Chicago Title Co Irvine
Flynn Michael P $5,350,000 Chicago Title Co Irvine
Flynn Michael P $5,350,000 Chicago Title Co Irvine
Flynn Michael P $5,350,000 Chicago Title Co Irvine
Park Region Homes Llc -- Chicago Title Co
Park Region Homes Llc -- Chicago Title Co
Park Region Homes Llc -- Chicago Title Co
Olennick James H $1,070,000 Chicago Title Co
Olennick James H $1,070,000 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
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2025 05/12/25 Rented $3,995 +1.1% --
03/18/2025 03/18/25 Price Changed $3,950 -14.0% $6 / Sq Ft
01/07/2025 01/07/25 Price Changed $4,595 +11.1% $7 / Sq Ft
11/07/2024 11/07/24 Price Changed $4,136 -10.0% $6 / Sq Ft
10/22/2024 10/22/24 For Rent $4,595 +31.5% --
10/27/2018 10/27/18 Rented $3,495 0.0% --
06/01/2018 06/01/18 For Rent $3,495 +2.9% --
04/21/2017 04/21/17 Rented $3,395 -5.6% --
01/05/2017 01/05/17 For Rent $3,595 +12.5% --
11/12/2015 11/12/15 Under Contract -- -- --
11/11/2015 11/11/15 Rented $3,196 -8.6% --
10/27/2015 10/27/15 Price Changed $3,495 -5.4% $4 / Sq Ft
10/24/2015 10/24/15 For Rent $3,695 -- --
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
2025 $67,477 $5,516,383 $4,658,283 $858,100
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: OC18131058

California Regional Multiple Listing Service (CRMLS)

APN: 496-012-03