NOT LISTED FOR SALE

Estimated Value: $3,413,945

2 Beds
1 Bath
2,600 Sq Ft
$1,313/Sq Ft Est. Value

Last Sold October 16, 2014

Last sale price $1,850,000 $712 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $20,528/month

194 Days on Market

Highlights

  • 0.22 Acre Lot
  • Top Of The World Elementary School Rated A
  • Cottage

About This Home

As of October 2014

Three vintage 1930's two bedroom freestanding cottages on a 9,750 lot consisting of two parcels. THERE ARE ALSO APPROVES PLANS for a new beautiful contemporary commercial building plus 2-residence combination project designed by noted architect Horst Noppenberger. Or, restore the three structures and have an amazing and unique residential income oasis on a huge parklike setting only one block from one of Laguna's best beaches.
Incredible potential and flexibility to build either Laguna's new ultimate and iconic live work paradise, or create a magical collection of charming cottages.
Please do not disturb tenants. Either drive by or call Mark for access. If you drive by, you will only see two of the cottages as the 3rd is somewhat hidden on an extension of the lot behind the two cottages in front.

Last Agent to Sell the Property

Mark Christy

Berkshire Hathaway HomeServices California Properties License #00776546 Listed on: 02/07/2014

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Peggy Coon

Peggy Coon Real Estate License #01074407

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,027

Year Built

  • Built in 1937

Lot Details

  • 9,750 Sq Ft Lot
  • 1 Common Wall

Home Design

  • Cottage
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Parking

  • 6 Parking Spaces
  • Parking Available
  • Driveway

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 14 / 69
  • Tax Tract Number 416
  • Assessor Parcel Number 64406104

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $6,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,027

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Other Phone Description: (949) 235-2538
  • Other Phone Number: 949-235-2538
  • Property Attached: Yes
  • Subdivision Name Other: The Village (VIL)
  • Architectural Style: Cottage
  • Property Type: Residential Income
  • Parcel Number: 64406104
  • Year Built: 1937
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Asphalt
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Street Lights

Lot Info

  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 9750.00
  • Lot Size Acres: 0.2240

Multi Family

  • Gross Income: 6000.00
  • Gross Scheduled Income: 72000.00
  • Lot Size Area: 9750.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Rent Control: No
  • Total Actual Rent: 48000.00

Tax Info

  • Tax Block: 69
  • Tax Lot: 14
  • Tax Tract Number: 416
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 2, 2024
Sold by
Scandia Realty Group Lllp
Bought by
Kirehn Shores Holdings Llc
Current Estimated Value
$3,413,945

Purchase Details

Closed on
Apr 6, 2016
Sold by
Ocean Group Llc
Bought by
Scandia Realty Group Lllp

Purchase Details

Closed on
Aug 14, 2014
Sold by
Noppenberger Horst R and Noppenberger Arianna
Bought by
Ocean Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
4.08%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 29, 2007
Sold by
Shilling Marvina Andrus
Bought by
Noppenberger Horst R and Noppenberger Arianna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,216,875
Interest Rate
6.29%
Mortgage Type
Negative Amortization
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
Kirehn Shores Holdings Llc -- None Listed On Document
Scandia Realty Group Lllp $2,165,000 First American Title Company
Ocean Group Llc $1,850,000 Lawyers Title Company
Noppenberger Horst R $1,622,500 California Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Scandia Realty Group Lllp $6,000,000
Previous Owner Ocean Group Llc $1,200,000
Previous Owner Noppenberger Horst R $1,216,875
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2014 10/16/14 Sold $1,850,000 -15.7% $712 / Sq Ft
08/20/2014 08/20/14 Pending -- -- --
02/07/2014 02/07/14 For Sale $2,195,000 -- $844 / 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
2025 $22,027 $1,817,126 $1,657,317 $159,809
2024 $22,027 $1,781,497 $1,624,821 $156,676
2023 $22,405 $1,746,566 $1,592,962 $153,604
2022 $21,764 $1,712,320 $1,561,727 $150,593
2021 $21,134 $1,678,746 $1,531,105 $147,641
2020 $20,678 $1,661,533 $1,515,405 $146,128
2019 $20,224 $1,628,954 $1,485,691 $143,263
2018 $19,770 $1,597,014 $1,456,560 $140,454
2017 $19,305 $1,565,700 $1,428,000 $137,700
2016 $16,831 $1,335,053 $1,233,528 $101,525
2015 $16,499 $1,315,000 $1,215,000 $100,000
2014 $15,762 $1,252,590 $1,210,805 $41,785
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG14028465

California Regional Multiple Listing Service (CRMLS)

APN: 644-061-04