Seller's Agent in 2021
Michael Johnson
Compass
(949) 278-7333
8 in this area
190 Total Sales
354 N Coast Hwy Laguna Beach, CA 92651
North Laguna NeighborhoodEstimated Value: $7,693,839
3
Beds
3
Baths
5,335
Sq Ft
$1,442/Sq Ft
Est. Value
Highlights
- White Water Ocean Views
- Dual Staircase
- Balcony
- El Morro Elementary School Rated A+
- Hiking Trails
- 3-minute walk to Heisler Park
About This Home
As of August 2021A rare available trophy income property located in spectacular Laguna Beach! Situated on storied Gallery Row - a prime, high foot-traffic area in North Laguna, 354 North Coast Hwy is a mixed-use investment property you will not want to miss. The current owners have made extensive structural and cosmetic renovations to the building exterior and interiors. Beautifully maintained and well-kept, this mixed retail and residential has three occupied commercial units fronting the high foot-traffic zone of North Coast Highway, with four residential ocean-view units. The commercial units are currently occupied by two veteran art galleries and a long-established jewelry store. - modern, tasteful, and clean. Apartments A and B are one bedroom, one bathroom units with ocean views. Apartments C and D are currently combined for use as a two bedroom owner’s unit, but can easily be split back to two additional one bedroom units. Highly-rated and stable tenants in all occupied units. Located blocks to North Laguna Beaches (Heisler, Shaws Cove, Crescent Bay, Boat’s Canyon) and in close proximity to popular restaurants, museums and downtown filled with local art shops and renowned restaurants, this location is prime. The property is on the Laguna Beach Trolley route, which transports Laguna's millions of annual tourists throughout the town. Don’t miss out on this rare investment opportunity.
Co-Listed By
Inge Goericke-bunn
Compass License #00641176
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $64,377
Year Built
- Built in 1966
Lot Details
- 6,098 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 8 Car Garage
Property Views
- White Water Ocean
- Peek-A-Boo
Home Design
- Property Attached
Interior Spaces
- 5,335 Sq Ft Home
- 1-Story Property
- Dual Staircase
- Dining Room with Fireplace
Kitchen
- Six Burner Stove
- Dishwasher
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Accessible Home Design
- More Than Two Accessible Exits
- Accessible Parking
Additional Features
- Balcony
- Central Heating and Cooling System
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Legal Lot and Block 5 / 19
- Tax Tract Number 412
- Assessor Parcel Number 49612216
Community Details
Overview
- 7 Units
- North Laguna Subdivision
- Mountainous Community
Recreation
- Hiking Trails
Building Details
- 5 Leased Units
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 7 Separate Water Meters
- Electric Expense $1,834
- Gardener Expense $1,800
- Maintenance Expense $2,640
- Trash Expense $1,800
- Water Sewer Expense $1,003
- New Taxes Expense $65,000
- Operating Expense $74,077
- Gross Income $118,053
- Net Operating Income $152,260
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 30, 2020
Closed on
Aug 10, 2021
Sold by
Cannon Heritage Lp
Bought by
Olive Tree Investments Llc
Seller's Agent
Michael Johnson
Compass
Buyer's Agent
Michael Johnson
Compass
List Price
$6,595,000
Sold Price
$6,000,000
Premium/Discount to List
-$595,000
-9.02%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,693,839
Avg. Annual Appreciation
5.35%
Original Mortgage
$2,100,000
Outstanding Balance
$1,946,240
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$5,463,225
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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 08/12/2021 08/12/21 | Sold | $6,000,000 | -9.0% | $1,125 / Sq Ft |
| 06/21/2021 06/21/21 | Pending | -- | -- | -- |
| 10/30/2020 10/30/20 | For Sale | $6,595,000 | -- | $1,236 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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
-
Michael Johnson
-
I
Seller Co-Listing Agent in 2021
Inge Goericke-bunn
Compass
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: LG20226129
APN: 496-122-16
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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
Nearby Homes
- 387 Cypress Dr Unit 7
- 422 Cypress Dr
- 428 Cypress Dr Unit 428
- 425 Monterey Dr
- 432 Holly St
- 255 Cypress Dr Unit 2
- 234 Cliff Dr Unit 4
- 310 Hawthorne Rd
- 417 Poplar St
- 421 High Dr
- 461 Poplar St
- 625 High Dr
- 535 High Dr
- 482 High Dr
- 522 High Dr
- 530 High Dr
- 716 Cliff Dr
- 738 Cliff Dr
- 336 Lookout Dr
- 135 High Dr
- 353 Cedar Way Unit A
- 353 Cedar Way Unit D
- 353 Cedar Way Unit C
- 353 Cedar Way Unit C
- 353 Cedar Way Unit B
- 353 Cedar Way
- 362 N Coast Hwy Unit B
- 362 N Coast Hwy Unit A
- 362 N Coast Hwy
- 346 N Coast Hwy Unit upper
- 346 N Coast Hwy Unit A-Front
- 346 N Coast Hwy Unit North
- 346 N Coast Hwy Unit B
- 346 N Coast Hwy Unit A
- 346 N Coast Hwy
- 336 N Coast Hwy Unit C
- 336 N Coast Hwy
- 336 N Coast Hwy Unit H
- 336 N Coast Hwy Unit A
- 334 N Coast Hwy Unit A