$7,515,807
RENTED FEB 25, 2025
1 Bed
1 Bath
720 Sq Ft
$10,439 Price per Sq Ft

Highlights

  • Ocean View
  • Open Floorplan
  • Main Floor Bedroom
  • El Morro Elementary School Rated A+
  • Property is near a park
  • 3-minute walk to Heisler Park

About This Home

As of February 2025

LOCATION! Ocean, sunset, and city light views are enjoyed throughout this modern and clean, second story apartment in the heart of Laguna Beach.

This apartment's exceptional amenities include two large view balcony decks, quality appliances, in-unit washer and dryer, and reserved underground parking.

Live the best of the Laguna Beach lifestyle with proximity of Downtown and short walk right across the street to the sand and surf of Main Beach.

The space
Very walkable & peaceful area. Leave your car at home, live & explore Laguna as a local! All the local colors of cafes, boutiques, bakeries, restaurants, park & the beach are all close by.

This 1 bedroom and 1 bathroom gem is located in historic North Gallery Row among some of the finest and well-established art galleries of Laguna Beach -- close to Main Beach, Downtown Laguna, Heisler Park, the Laguna Art Museum, Urth Caffe, shopping, and other dining options galore... yet a quiet location.

The open floor plan on the second story invites entertaining and offers ocean views. The dining area along with kitchen with brand new stainless steel appliances make meal prep a breeze. The living room features a Queen pull-out couch. The bedroom features 2 Twins (that you can put them together if you want to form a king). Wood floors and light colors decor add warmth and traditional style.

Awake from a nights rest to a great ocean view and fresh sea breezes!

Last Agent to Rent the Property

Sylvia Ames

Compass Brokerage Phone: 949-295-0570 License #02021418 Listed on: 01/06/2025

Compass

Co-Listed By

Michael Johnson

Compass Brokerage Phone: 949-295-0570 License #01429647

Last Renter's Agent

Sylvia Ames

Compass Brokerage Phone: 949-295-0570 License #02021418 Listed on: 01/06/2025

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $64,377

Year Built

  • Built in 2010 | Remodeled

Lot Details

  • 6,098 Sq Ft Lot
  • 1 Common Wall

Parking

  • 1 Car Garage
  • 1 Carport Space
  • Parking Storage or Cabinetry
  • Parking Available
  • Assigned Parking

Property Views

  • Ocean
  • Catalina
  • City Lights
  • Neighborhood

Home Design

  • Quadruplex
  • Turnkey
  • Stucco

Interior Spaces

  • 720 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Furnished
  • Built-In Features
  • Beamed Ceilings
  • Double Pane Windows
  • Blinds
  • Sliding Doors
  • Great Room
  • Family Room Off Kitchen
  • Living Room with Attached Deck
  • Formal Dining Room

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Built-In Range
  • Microwave

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Living Room Balcony
  • Patio

Location

  • Property is near a park

Listing and Financial Details

  • Security Deposit $4,000
  • Rent includes sewer, trash collection, water
  • 12-Month Minimum Lease Term
  • Available 3/10/23
  • Legal Lot and Block 5 / 19
  • Tax Tract Number 412
  • Assessor Parcel Number 49612216

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • North Laguna Subdivision

Recreation

  • Park
  • Water Sports
  • Hiking Trails

Pet Policy

  • Pet Deposit $100
  • Dogs and Cats Allowed
  • Breed Restrictions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$64,377

Year Built

Built in 2010 | Remodeled

Lot Details

0

Parking

1

Rental Info

  • Cashiers Check: 1ST Month Rent, Pet Deposit, Security Deposit
  • Available Date: 2023-03-10
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Pets: 100
  • Deposit Security: 4000
  • Furnished: Unfurnished
  • Pets Allowed: Breed Restrictions, Call, Cats OK, Dogs OK
  • Transfer Fee Paid By: Owner

Listing Details

  • Structure Type: Quadruplex
  • Assessments: No
  • Property Attached: Yes
  • Subdivision Name Other: North Laguna (NL)
  • View: Yes
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Apartment
  • Property Type: Residential Lease
  • Parcel Number: 49612216
  • Year Built: 2010
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 720.00 Square Feet
  • Interior Amenities: Balcony, Beamed Ceilings, Built-in Features, Furnished, Living Room Balcony, Living Room Deck Attached, Open Floorplan
  • Stories: 1
  • Entry Location: main level
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Door Features: Sliding Doors
  • Eating Area: Area, Breakfast Counter / Bar, Separated
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 5.35
  • Room Type: Family Room, Great Room, Kitchen, Laundry, Main Floor Bedroom
  • Window Features: Blinds, Double Pane Windows
  • Room Kitchen Features: Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • View: Catalina, City Lights, Neighborhood, Ocean
  • Patio And Porch Features: Deck
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 1.00
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned, Built-In Storage, Carport, On Site
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Appliances: Built-In Range, Gas & Electric Range, Microwave, Refrigerator
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Hiking, Park, Watersports

Schools

  • School District: Laguna Beach Unified

Lot Info

  • Additional Parcels: No
  • Lot Features: Park Nearby, Walkstreet
  • Lot Size Sq Ft: 6098.00
  • Lot Size Acres: 0.1400

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: 12 Months
  • Lot Size Area: 6098.0000 Square Feet
  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Rent Includes: Sewer, Trash Collection, Water

Tax Info

  • Tax Block: 19
  • Tax Census Tract: 626.05
  • Tax Lot: 5
  • Tax Tract Number: 412

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 10, 2021
Sold by
Cannon Heritage Lp
Bought by
Olive Tree Investments Llc
Current Estimated Value
$7,515,807

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,100,000
Outstanding Balance
$1,917,773
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 7, 2006
Sold by
Kiemeyer Kae
Bought by
Cannon Heritage Lp

Purchase Details

Closed on
May 22, 2006
Sold by
Kiermeyer Karol Kae
Bought by
Kiermeyer Kae

Purchase Details

Closed on
Dec 13, 2005
Sold by
Kiermeyer Md Karol
Bought by
Kiermeyer Md K A E

Purchase Details

Closed on
Dec 27, 2000
Sold by
Kiermeyer Md K A E
Bought by
Kiermeyer Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$570,000
Interest Rate
7.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 13, 2000
Sold by
Dick Avenue Corp
Bought by
Kiermeyer Robert

Purchase Details

Closed on
Oct 8, 1997
Sold by
King John P
Bought by
Dick Avenue Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$570,000
Interest Rate
7.54%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Olive Tree Investments Llc $6,000,000 Lawyers Title
Cannon Heritage Lp $3,800,000 Chicago Title Co
Kiermeyer Kae -- None Available
Kiermeyer Md K A E -- --
Kiermeyer Md Karol -- --
Kiermeyer Robert -- Lawyers Title Company
Kiermeyer Robert $1,572,500 Lawyers Title Company
Dick Avenue Corp $970,000 First American Title Ins Co
King John P -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Olive Tree Investments Llc $2,100,000
Previous Owner Kiermeyer Md Karol $800,000
Previous Owner Dick Avenue Corp $570,000
Previous Owner Kiermeyer Robert $1,750,000
Previous Owner Dick Avenue Corp $150,000
Previous Owner Dick Avenue Corp $570,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2025 02/25/25 Rented $3,850 0.0% --
01/30/2025 01/30/25 Price Changed $3,850 +10.0% $5 / Sq Ft
01/06/2025 01/06/25 For Rent $3,500 -- --
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 $64,377 $6,367,248 $5,624,403 $742,845
2024 $64,377 $6,242,400 $5,514,120 $728,280
2023 $62,870 $6,120,000 $5,406,000 $714,000
2022 $61,657 $6,000,000 $5,300,000 $700,000
2021 $37,380 $3,606,985 $2,885,588 $721,397
2020 $36,951 $3,570,000 $2,856,000 $714,000
2019 $39,833 $3,847,487 $3,073,068 $774,419
2018 $39,045 $3,772,047 $3,012,812 $759,235
2017 $38,263 $3,698,086 $2,953,737 $744,349
2016 $37,526 $3,625,575 $2,895,821 $729,754
2015 $36,953 $3,571,116 $2,852,323 $718,793
2014 $36,237 $3,501,163 $2,796,450 $704,713
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG25003464

California Regional Multiple Listing Service (CRMLS)

APN: 496-122-16