NOT LISTED FOR SALE

31261 Monterey St Laguna Beach, CA 92651

Coast Royal Neighborhood

Estimated Value: $3,382,000 - $4,095,000

2 Beds
1.5 Baths
1,264 Sq Ft
$2,873/Sq Ft Est. Value

Last Sold March 18, 2022

Last sale price $2,900,000 $2,294 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $22,238/month

Highlights

  • White Water Ocean Views
  • Primary Bedroom Suite
  • Property is near park
  • El Morro Elementary School Rated A+
  • Deck
  • Furnished

About This Home

As of December 2024

Experience the best of coastal living in this stunning 2-bedroom, 1.5-bathroom property perched on the cliffs overlooking the ocean, just steps from the beach. Situated Minutes from the Famous Montage Resort and Treasure Island Beach, this rental offers unobstructed white water and sandy beach views that stretch along Laguna Beach’s picturesque coastline. From the spacious back deck, enjoy breathtaking Catalina sunsets and mesmerizing city lights along Pacific Coast Highway, perfect for Instagram-worthy moments. Wake up to ocean views from every bedroom and fall asleep to the vibrant colors of Laguna’s famous sunsets. This home comes furnished or unfurnished, and features a 2-car garage, front courtyard, and a large deck ideal for relaxing or entertaining. With large windows designed to capture the beauty of the ocean, this property is the perfect Laguna Beach retreat.

Last Agent to Rent the Property

Chad Concolino

Main Beach Realty Brokerage Phone: 949-375-8195 License #01887163 Listed on: 10/10/2024

Co-Listed By

Ryan Huggins

Main Beach Realty Brokerage Phone: 949-375-8195 License #02114091

Last Renter's Agent

Chad Concolino

Main Beach Realty Brokerage Phone: 949-375-8195 License #01887163 Listed on: 10/10/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 6,138 Sq Ft Lot
  • No Common Walls
  • Landscaped
  • Front Yard

Parking

  • 1 Car Garage
  • Parking Available
  • Driveway

Property Views

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

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 1,264 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Family Room with Fireplace
  • Living Room

Kitchen

  • Gas Oven
  • Gas Range

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Deck
  • Patio
  • Exterior Lighting
  • Outdoor Grill
  • Front Porch

Additional Features

  • Property is near park
  • Central Heating

Listing and Financial Details

  • Security Deposit $6,500
  • Rent includes trash collection
  • Available 11/12/24
  • Tax Lot 115
  • Tax Tract Number 702
  • Assessor Parcel Number 05602010
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • Aliso Laguna Subdivision

Pet Policy

  • Pet Deposit $500
  • Dogs Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

6,138 Sq Ft Lot

Parking

1

Rental Info

  • Cashiers Check: 1ST Month Rent, Pet Deposit, Security Deposit
  • Available Date: 2024-11-12
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Pets: 500
  • Deposit Security: 6500
  • Furnished: Furnished
  • Pets Allowed: Call, Dogs OK
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: Duplex
  • Property Attached: No
  • Subdivision Name Other: Aliso Laguna (AL)
  • View: Yes
  • Property Sub Type: Duplex
  • Property Type: Residential Lease
  • Parcel Number: 05602010
  • Year Built: 1951
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1264.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 3.56
  • Room Type: All Bedrooms Down, Kitchen, Living Room, Primary Suite, Walk-In Closet

Exterior Features

  • Patio: Yes
  • Exterior Features: Barbecue Private
  • View: Catalina, City Lights, Coastline, Neighborhood, Ocean, Panoramic, Water, White Water
  • Patio And Porch Features: Deck, Front Porch
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Barbecue, Gas Oven, Gas Range, Refrigerator
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Lot Features: Front Yard, Landscaped, Park Nearby
  • Lot Size Sq Ft: 6138.00
  • Lot Size Acres: 0.1409

Multi Family

  • Insurance Water Furniture: No
  • Lot Size Area: 6138.0000 Square Feet
  • Number Of Units Total: 1
  • Rent Includes: Trash Collection

Tax Info

  • Tax Census Tract: 423.05
  • Tax Lot: 115
  • Tax Tract Number: 702

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 23, 2023
Sold by
Saint Michael Revocable Trust and Vescovi Franco Angelo
Bought by
Saint Michael Revocable Trust and Vescovi
Current Estimated Value
$3,632,011

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Outstanding Balance
$977,861
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$2,654,150

Purchase Details

Listed on
Feb 23, 2022
Closed on
Mar 14, 2022
Sold by
Leona Jane Pereyda Hughes Trust
Bought by
Saint Michael Revocable Trust
Seller's Agent
Dave Csira
Cove Canyon Realty
Buyer's Agent
Dave Csira
Cove Canyon Realty
List Price
$2,499,000
Sold Price
$2,900,000
Premium/Discount to List
$401,000
16.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.74%

Purchase Details

Closed on
Oct 28, 2014
Sold by
Reesor Kent Ronald and Reesor Karen Louise
Bought by
Reesor Kent Ronald and Leona Jane Pereyda Hughes Trust

Purchase Details

Closed on
Jun 9, 2005
Sold by
Reesor Karen Louise
Bought by
Reesor Karen Louise and Leona Jane Pereyda Hughes Trust

Purchase Details

Closed on
Mar 21, 2002
Sold by
Hughes Leona J
Bought by
Reesor Karen Louise and Leona Jane Pereyda Hughes Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Saint Michael Revocable Trust -- Pacific Coast Title
Saint Michael Revocable Trust $2,900,000 Lawyers Title
Reesor Kent Ronald -- First American Title
Reesor Karen Louise -- --
Reesor Karen Louise -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Saint Michael Revocable Trust $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/30/2024 12/30/24 Rented $4,500 -30.8% --
11/12/2024 11/12/24 Price Changed $6,500 -23.5% $5 / Sq Ft
10/10/2024 10/10/24 For Rent $8,500 0.0% --
03/18/2022 03/18/22 Sold $2,900,000 +16.0% $1,644 / Sq Ft View Prior Sale
03/08/2022 03/08/22 For Sale $2,499,000 -13.8% $1,417 / Sq Ft
03/04/2022 03/04/22 Pending -- -- --
03/02/2022 03/02/22 Off Market $2,900,000 -- --
02/23/2022 02/23/22 For Sale $2,499,000 -- $1,417 / 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 $33,955 $3,077,503 $2,974,699 $102,804
2024 $33,955 $3,017,160 $2,916,371 $100,789
2023 $33,433 $2,958,000 $2,859,187 $98,813
2022 $4,236 $101,902 $53,095 $48,807
2021 $4,429 $99,904 $52,054 $47,850
2020 $4,323 $98,880 $51,520 $47,360
2019 $4,611 $96,942 $50,510 $46,432
2018 $4,485 $95,042 $49,520 $45,522
2017 $4,287 $93,179 $48,549 $44,630
2016 $4,475 $91,352 $47,597 $43,755
2015 $2,035 $89,980 $46,882 $43,098
2014 $2,017 $88,218 $45,964 $42,254
Source: Public Records

Agents Affiliated with this Home

  • Chad Concolino

    Landlord's Agent in 2024

    Chad Concolino

    Main Beach Realty

    (949) 375-8195

    1 in this area

    15 Total Sales

    Chad Concolino
    Section Image

  • R

    Landlord's Co-Listing Agent in 2024

    Ryan Huggins

    Main Beach Realty

    Section Image
  • Dave Csira

    Seller's Agent in 2022

    Dave Csira

    Cove Canyon Realty

    (949) 500-3283

    2 in this area

    36 Total Sales

    Dave Csira
    Section Image

  • I

    Seller Co-Listing Agent in 2022

    INARA NARANJO

    Laguna Beach Properties

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG24210919

California Regional Multiple Listing Service (CRMLS)

APN: 056-020-10

California Orange County Laguna Beach 92651 Coast Royal

31261 Monterey St, Laguna Beach, CA

Not Listed for Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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