$1,560,000
SOLD SEP 28, 2020
3 Beds
2 Baths
1,500 Sq Ft
7,000 Sq Ft Lot

Recently Sold

$1,040 Per Sq Ft

13% Below List Price

219 Days on Market

Highlights

  • White Water Ocean Views
  • Two Primary Bedrooms
  • Cathedral Ceiling
  • El Morro Elementary School Rated A+
  • 0.16 Acre Lot
  • Wood Flooring

About This Home

As of September 2020

Fantastic opportunity to own a duplex in picturesque Laguna Beach within just a couple of blocks from the famous Victoria Beach. This unique property features two spacious & upgraded units with separate two car garage and laundry room below. The upper unit is 2 bedrooms, 1 bath with gorgeous white water ocean view deck. Fantastic kitchen with granite counters open to living room with open beam ceilings and hardwood floors. Lower unit is 1 bedroom, 1 bath also with big ocean views. Oversized side and rear yards that are currently underutilized. One of the best ocean view lots, with views from all levels, at this price point. Truly a one of a kind property with loads of potential!

Last Agent to Sell the Property

Nicola Willhoit

The W Collection, Inc. License #01325516 Listed on: 01/01/2020

Last Buyer's Agent

William Rolfing

Coldwell Banker Realty License #00706260

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,803

Year Built

  • Built in 1948

Lot Details

  • 7,000 Sq Ft Lot
  • No Common Walls
  • Cul-De-Sac

Parking

  • 2 Car Garage
  • Parking Available

Property Views

  • White Water Ocean
  • Panoramic
  • City Lights
  • Neighborhood

Home Design

  • Duplex
  • Additions or Alterations

Interior Spaces

  • 1,500 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Living Room with Attached Deck
  • Laundry Room

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Double Master Bedroom
  • 2 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Balcony
  • Exterior Lighting

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, grounds care, gas, water
  • Legal Lot and Block 11 / L
  • Tax Tract Number 25
  • Assessor Parcel Number 65610509

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • New Taxes Expense $22,000
  • Operating Expense $22,000
  • Net Operating Income $70,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,803

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Upper Victoria Beach (UVB)
  • View: Yes
  • Property Condition: Additions/Alterations
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 65610509
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Interior Amenities: Balcony, Cathedral Ceiling(s), Living Room Deck Attached, Unfurnished
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Levels: Two
  • Price Per Square Foot: 1040.00
  • Room Type: Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Two Masters

Exterior Features

  • View: City Lights, Neighborhood, Ocean, Panoramic, White Water
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac
  • Lot Size Sq Ft: 7000.00
  • Lot Size Acres: 0.1607

Rental Info

  • Tenant Pays: Cable TV, Electricity, Grounds Care, Gas, Water

Multi Family

  • Gross Scheduled Income: 72000.00
  • Lot Size Area: 7000.0000 Square Feet
  • Net Operating Income: 70800.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 1200.00
  • Rent Control: No
  • Total Actual Rent: 4500.00
  • Total Expenses: 22000.00

Tax Info

  • New Taxes Expense: 22000.00
  • Tax Block: L
  • Tax Census Tract: 626.20
  • Tax Lot: 11
  • Tax Tract Number: 25

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 14, 2024
Sold by
Edward And Lamis Oson Family Trust
Bought by
Edward And Lamis Oson Family Trust and Oson
Current Estimated Value
$2,356,154

Purchase Details

Listed on
Jan 1, 2020
Closed on
Nov 5, 2020
Sold by
Oson Edward and Oson Lamis
Bought by
Oson Edward and Oson Lamis Chaya
Seller's Agent
Nicola Willhoit
The W Collection, Inc.
Buyer's Agent
William Rolfing
Coldwell Banker Realty
List Price
$1,799,000
Sold Price
$1,560,000
Premium/Discount to List
-$239,000
-13.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.83%

Purchase Details

Listed on
Jan 1, 2020
Closed on
Sep 10, 2020
Sold by
Laguna Investment Llc
Bought by
Oson Edward and Oson Lamis Chaya
Seller's Agent
Nicola Willhoit
The W Collection, Inc.
Buyer's Agent
William Rolfing
Coldwell Banker Realty
List Price
$1,799,000
Sold Price
$1,560,000
Premium/Discount to List
-$239,000
-13.29%

Purchase Details

Closed on
Jan 20, 2017
Sold by
Pickett Michael C and Pickett John R
Bought by
Laguna Investment Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$814,500
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 21, 2011
Sold by
The Three Suns Irrevocable Trust
Bought by
Pickett Michael Charles and Pickett John Robert
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed $1,560,000 Western Resources Title
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $814,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2021 05/06/21 Rented $4,950 0.0% --
05/06/2021 05/06/21 Under Contract -- -- --
04/10/2021 04/10/21 For Rent $4,950 0.0% --
09/28/2020 09/28/20 Sold $1,560,000 -6.9% $1,040 / Sq Ft
08/07/2020 08/07/20 Pending -- -- --
08/07/2020 08/07/20 Price Changed $1,675,000 0.0% $1,117 / Sq Ft
08/01/2020 08/01/20 Rented $3,500 0.0% --
07/29/2020 07/29/20 Under Contract -- -- --
07/20/2020 07/20/20 For Rent $3,500 0.0% --
01/01/2020 01/01/20 For Sale $1,799,000 -- $1,199 / Sq Ft
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 $17,803 $1,655,484 $1,606,451 $49,033
2023 $17,692 $1,623,024 $1,574,952 $48,072
2022 $17,300 $1,591,200 $1,544,070 $47,130
2021 $16,909 $1,560,000 $1,513,794 $46,206
2020 $2,431 $139,312 $98,745 $40,567
2019 $2,365 $136,581 $96,809 $39,772
2018 $2,304 $133,903 $94,910 $38,993
2017 $2,239 $131,278 $93,049 $38,229
2016 $2,179 $128,704 $91,224 $37,480
2015 $2,125 $126,771 $89,853 $36,918
2014 $2,071 $124,288 $88,093 $36,195
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG20001092

California Regional Multiple Listing Service (CRMLS)

APN: 656-105-09