NOT LISTED FOR SALE

Estimated Value: $3,644,673

4 Beds
3 Baths
2,600 Sq Ft
$1,402/Sq Ft Est. Value

Sale Details

Date Sold: May 3, 2016

Last sale price $2,165,000 $833 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $20,003 / mo

5 Days on Market

Highlights

  • Property has ocean access
  • No HOA
  • Landscaped
  • Top Of The World Elementary School Rated A+
  • Laundry Room
  • Paved or Partially Paved Lot

About This Home

As of May 2016

Property encompasses 255 & 265 St. Ann's Drive - 3 Cottages on two lots. Take a step back in time with one of these 3 newly restored cottages in the heart of Laguna Beach. Built as a seaside retreat in the 1930’s, our cottages have endured as a magical escape to the bygone time of California’s “Surf and Sand” fun. Freshly restored in 2015 with our unique vision of the 1930s to 1950s beach ambiance. Located only 1/2 block from Coast Highway you will have easy access to the beach and all of the great restaurants, and "outdoor fun” that Laguna has to offer. Bring your guitar, favorite books, and festive party spirits, as there are no televisions or telephones to distract you. Large front yard for relaxing with views of the ocean. Easy parking. (2 cars per cottage). Internet, laundry, fully stocked kitchens, & queen sized beds in each cottage.

Last Agent to Sell the Property

Timothy Tamura

VALIA Properties License #01305097 Listed on: 03/26/2016

Co-Listed By

Randy Kershaw

VALIA Properties License #01308981

Last Buyer's Agent

Azita Sadeghi

Compass License #01444611

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1931

Lot Details

  • 8,700 Sq Ft Lot
  • No Common Walls
  • Landscaped
  • Paved or Partially Paved Lot
  • Back and Front Yard
  • Density is 2-5 Units/Acre

Home Design

  • 2,600 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Parking

  • 6 Parking Spaces
  • Parking Available
  • Driveway
  • Uncovered Parking
  • Unassigned Parking

Outdoor Features

  • Property has ocean access
  • Beach Access

Additional Features

  • Laundry Room
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 18 / 69
  • Tax Tract Number 416
  • Assessor Parcel Number 64406105

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • Electric Expense $4,688
  • Gross Income $21,625
  • Net Operating Income $158,883

Property Details

Home Type

Multi-Family

Year Built

Built in 1931

Lot Details

8,700 Sq Ft Lot

Listing Details

  • Inclusions: Furnishing, linens, table top.
  • Property Attached: No
  • Road Frontage Type: City Street
  • Subdivision Name Other: The Village (VIL)
  • Property Type: Residential Income
  • Parcel Number: 64406105
  • Year Built: 1931
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Price Per Square Foot: 832.69

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Asphalt, Driveway, Unassigned, Uncovered
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Back Yard, 2-5 Units/Acre, Front Yard, Landscaped, Paved
  • Lot Size Sq Ft: 8700.00
  • Price Per Lot Square Foot: 248.85

Multi Family

  • Electric Expense: 4688.00
  • Gross Income: 21625.00
  • Gross Scheduled Income: 259502.00
  • Net Operating Income: 158883.00
  • Number Of Units Total: 3
  • Operating Expense: 100619.00
  • Rent Control: No
  • Waterfront Features: Beach Access, Ocean Access

Tax Info

  • Tax Block: 69
  • Tax Lot: 18
  • Tax Tract Number: 416

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
$3,644,673

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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kirehn Shores Holdings Llc -- None Listed On Document
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 Ocean Group Llc $1,200,000
Previous Owner Noppenberger Horst R $1,216,875
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/03/2016 05/03/16 Sold $2,165,000 -5.7% $833 / Sq Ft
03/31/2016 03/31/16 Pending -- -- --
03/26/2016 03/26/16 For Sale $2,295,000 -- $883 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $8,145 $745,789 $685,420 $60,369
2024 $8,145 $731,166 $671,980 $59,186
2023 $7,935 $716,830 $658,804 $58,026
2022 $7,762 $702,775 $645,886 $56,889
2021 $7,590 $688,996 $633,222 $55,774
2020 $7,485 $681,932 $626,729 $55,203
2019 $7,340 $668,561 $614,440 $54,121
2018 $7,188 $655,452 $602,392 $53,060
2017 $7,034 $642,600 $590,580 $52,020
2016 $6,006 $543,158 $492,396 $50,762
2015 $5,903 $535,000 $485,000 $50,000
2014 $5,386 $485,925 $468,247 $17,678
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP16063686

California Regional Multiple Listing Service (CRMLS)

APN: 644-061-05

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