P
Seller's Agent in 2021
Peter Hauser
Avison Young – Southern CA LTD
Significant rental upside and current value add by converting property to original city permitted 11 apartments and 3 commercial spaces. The property is zoned Commercial and the City may entertain a permit allowing for weekly short-term rentals. If this is accomplished this may increase the property's income and value substantially. The Gallery is an ideal opportunity for a investor to take advantage of purchasing a rarely-available commercial mixed-use property in the world class resort town of Laguna Beach, California. $300,000 Cap X spent the past 5 years: 80% new roofs, vertical plumbing lines, electrical, waste-lines, wood replacement and interior apartment upgrades. Partial interior renovations of the apartment homes include quartz counters in the kitchen and bathrooms, hardwood flooring and stainless appliance packages. The new owner will have the ability to to take over operations and take advantage of additional rental growth by increasing the income to market levels.
Last Agent to Sell the Property
Peter Hauser
Avison Young – Southern CA LTD License #00856966 Listed on: 07/05/2021
Last Buyer's Agent
Peter Hauser
Avison Young – Southern CA LTD License #00856966 Listed on: 07/05/2021
Date | Buyer | Sale Price | Title Company |
---|---|---|---|
Empresa Estates Llc | $4,346,000 | First Amer Ttl Ins Co Ncs | |
Empresa Estates Llc | $4,346,000 | First American Title | |
Empresa Estates Llc | $8,200,000 | First Amer Ttl Ins Co Ncs | |
Roberts Der Handler Gallery Way Llc | -- | Premium Title Of Ca Inc | |
Roberts Der Handler Gallery Way Llc | -- | Ticor Title Company | |
Kiermeyer Kae | -- | None Available | |
Kiermeyer Md K A E | -- | -- | |
Kiermeyer Md Karol | -- | -- |
Date | Status | Borrower | Loan Amount |
---|---|---|---|
Previous Owner | Stokes Jeffrey M | $1,035,000 | |
Previous Owner | Robert S Der Handler Gallery Way Llc | $6,923,000 | |
Previous Owner | Roberts Der Handler Gallery Way Llc | $6,487,206 | |
Previous Owner | Roberts Der Handler Gallery Way Llc | $55,669 | |
Previous Owner | Roberts Der Handler Gallery Way Llc | $0 | |
Previous Owner | Roberts Der Handler Gallery Way Llc | $3,100,000 | |
Previous Owner | Roberts Der Handler Gallery Way Llc | $7,523,500 | |
Previous Owner | Roberts Der Handler Gallery Way Llc | $300,000 | |
Previous Owner | Roberts Der Handler Gallery Way Llc | $3,100,000 | |
Previous Owner | Kiermeyer Kae | $250,000 | |
Previous Owner | Kiermeyer Md Karol | $98,000 | |
Previous Owner | Kiermeyer Robert | $879,000 |
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
08/18/2021 08/18/21 | Sold | $8,200,000 | -11.4% | $933 / Sq Ft |
07/15/2021 07/15/21 | Pending | -- | -- | -- |
07/05/2021 07/05/21 | For Sale | $9,250,000 | 0.0% | $1,052 / Sq Ft |
08/31/2020 08/31/20 | Rented | $4,000 | -24.5% | -- |
06/29/2020 06/29/20 | For Rent | $5,300 | -- | -- |
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 | $98,580 | $8,701,905 | $7,640,697 | $1,061,208 |
2024 | $98,580 | $8,531,280 | $7,490,880 | $1,040,400 |
2023 | $95,920 | $8,364,000 | $7,344,000 | $1,020,000 |
2022 | $93,538 | $8,200,000 | $7,200,000 | $1,000,000 |
2021 | $39,420 | $2,901,006 | $1,624,568 | $1,276,438 |
2020 | $37,801 | $2,871,260 | $1,607,910 | $1,263,350 |
2019 | $36,889 | $2,814,961 | $1,576,382 | $1,238,579 |
2018 | $36,011 | $2,759,766 | $1,545,472 | $1,214,294 |
2017 | $35,097 | $2,705,653 | $1,515,168 | $1,190,485 |
2016 | $34,230 | $2,652,601 | $1,485,458 | $1,167,143 |
2015 | $33,508 | $2,612,757 | $1,463,145 | $1,149,612 |
2014 | $32,695 | $2,561,577 | $1,434,484 | $1,127,093 |
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Seller's Agent in 2021
Peter Hauser
Avison Young – Southern CA LTD
Source: The MLS
MLS Number: 21-756938
APN: 496-122-14