NOT LISTED FOR SALE

Estimated Value: $4,916,055

5 Beds
7 Baths
3,829 Sq Ft
$1,284/Sq Ft Est. Value

Sale Details

Date Sold: January 9, 2015

Last sale price $2,425,000 $633 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $29,612 / mo

84 Days on Market

Highlights

  • Ocean View
  • End Unit
  • Sliding Doors
  • Top Of The World Elementary School Rated A+
  • No HOA
  • Level Lot

About This Home

As of January 2015

Fantastic mixed use property. Ideally located in the heart of Laguna Beach; only 1 block to the beach. 7 total units. 5 one bedroom, one bath ocean view units with individual private patios over 2 commercial spaces. Fully leased. 7 car secured parking garage.

Last Agent to Sell the Property

Marcus Skenderian

Compass License #01115339 Listed on: 09/15/2014

Compass

Last Buyer's Agent

Dean Lueck

Compass License #01752859

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966

Lot Details

  • 4,792 Sq Ft Lot
  • End Unit
  • 1 Common Wall
  • Level Lot

Parking

  • 7 Car Garage
  • Parking Available
  • Assigned Parking

Property Views

  • Ocean
  • Catalina
  • Neighborhood

Home Design

  • Property Attached

Interior Spaces

  • 3,829 Sq Ft Home
  • Sliding Doors
  • Carpet
  • Laundry in unit

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 7 Bathrooms

Outdoor Features

  • Rain Gutters

Utilities

  • Wall Furnace
  • Private Water Source

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 6
  • Tax Tract Number 416
  • Assessor Parcel Number 64406214

Community Details

Overview

  • No Home Owners Association
  • 7 Units

Amenities

  • Laundry Facilities

Building Details

  • 7 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $612
  • Insurance Expense $1,548
  • Maintenance Expense $1,200
  • Other Expense $1,250
  • Pest Control $600
  • Supplies Expense $54
  • Water Sewer Expense $1,113
  • New Taxes Expense $30,880
  • Gross Income $12,795
  • Net Operating Income $115,378

Property Details

Home Type

Multi-Family

Year Built

Built in 1966

Lot Details

4,792 Sq Ft Lot

Parking

7

Listing Details

  • CapRate: 3.99
  • Property Attached: Yes
  • Subdivision Name Other: The Village (VIL)
  • Supplies Expense: 54.00
  • View: Yes
  • Water Sewer Expenses: 1113.00
  • Property Type: Residential Income
  • Parcel Number: 64406214
  • Year Built: 1966
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall, End Unit
  • Flooring: Carpet
  • Door Features: Sliding Doors
  • Levels: Two
  • Price Per Square Foot: 633.32

Exterior Features

  • View: Catalina, Neighborhood, Ocean
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 7.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Pest Control Expense: 600.00
  • Water Source: Private

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Lot Features: Level with Street
  • Lot Size Sq Ft: 4792.00
  • Lot Size Acres: 0.1100

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 612.00
  • Gross Income: 12795.00
  • Gross Multiplier: 25.04
  • Gross Scheduled Income: 153540.00
  • Insurance Expense: 1548.00
  • Lot Size Area: 4792.0000 Square Feet
  • Maintenance Expense: 1200.00
  • Net Operating Income: 115378.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Operating Expense: 38162.00
  • Other Expense: 1250.00
  • Other Expense Description: Janitor
  • Rent Control: No
  • Total Actual Rent: 12795.00

Tax Info

  • New Taxes Expense: 30880.00
  • Tax Lot: 6
  • Tax Tract Number: 416
  • Tax Year: 2013

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2014
Closed on
Dec 29, 2014
Sold by
Bought by
Seller's Agent
Marcus Skenderian
Compass
Buyer's Agent
Dean Lueck
Compass
List Price
$2,999,000
Sold Price
$2,425,000
Premium/Discount to List
-$574,000
-19.14%
Current Estimated Value
$4,916,055

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,491,055
Avg. Annual Appreciation
6.31%
Original Mortgage
$1,375,000
Interest Rate
0.0392%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 16, 2011
Sold by
Bought by

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
Interest Rate
0.0445%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 27, 2011
Sold by
Bought by

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
Interest Rate
0.0445%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 21, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
0.0572%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 21, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,450,000
Interest Rate
0.0553%
Mortgage Type
Commercial
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,425,000 Chicago Title Company
-- Chicago Title Company
$1,601,097 Fidelity National Title Co
-- Multiple
$2,000,000 Ticor Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,000,000
Closed $870,000
Closed $1,375,000
Previous Owner $1,000,000
Previous Owner $30,000
Previous Owner $1,500,000
Previous Owner $20,000
Previous Owner $100,000
Previous Owner $1,550,000
Previous Owner $100,000
Previous Owner $1,450,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/09/2015 01/09/15 Sold $2,425,000 -19.1% $633 / Sq Ft
12/08/2014 12/08/14 Pending -- -- --
09/15/2014 09/15/14 For Sale $2,999,000 -- $783 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $33,903 $2,914,482 $1,472,265 $1,442,217
2024 $33,903 $2,857,336 $1,443,397 $1,413,939
2023 $32,963 $2,801,310 $1,415,095 $1,386,215
2022 $31,395 $2,746,383 $1,387,348 $1,359,035
2021 $31,393 $2,692,533 $1,360,145 $1,332,388
2020 $30,875 $2,664,925 $1,346,199 $1,318,726
2019 $30,235 $2,612,672 $1,319,803 $1,292,869
2018 $29,576 $2,561,444 $1,293,925 $1,267,519
2017 $28,905 $2,511,220 $1,268,554 $1,242,666
2016 $28,270 $2,461,981 $1,243,681 $1,218,300
2015 $17,439 $1,410,888 $1,254,124 $156,764
2014 $17,029 $1,383,251 $1,229,557 $153,694
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG14199497

California Regional Multiple Listing Service (CRMLS)

APN: 644-062-14

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