NOT LISTED FOR SALE
5 Beds
4 Baths
2,587 Sq Ft
6,098 Sq Ft Lot

Last Sold May 09, 2013

Last sale price $1,700,000 $657 Per Sq Ft

11 Days on Market

Highlights

  • Ocean View
  • Ocean Side of Freeway
  • No HOA
  • El Morro Elementary School Rated A+
  • Wood Flooring
  • Central Heating

About This Home

As of May 2013

Amazing investment property in north Laguna situated on a large 50x122 street to alley lot just 3 blocks to the ocean. Beautifully landscaped grounds offer a pacific tropical paradise with hibiscus, plumeria, palms, ferns, citrus & rose bushes. Each of the 4 units seem like they're individual homes with great open floor plans & views of the lush landscaping. The front house, unit #359, includes 2 spacious bedrooms, 1 which leads to a private patio, 1 bathroom with a tub & shower, bright light & open kitchen concept to the living & dining rooms. Additional amenities include a front yard, fireplace, hardwood floors and single enclosed garage with 2nd tandem space behind. Current rent is $2400 per month. Unit #361 includes 1 bedroom, 1 bathroom with hardwood floors, living room that looks out to the courtyard & 2 tandem parking spaces. Current rent is $1100 per month. Unit #363 includes 2 spacious bedrooms, 1 bathroom, hardwood floors, front balcony overlooking the courtyard, spacious open kitchen concept, very sunny/bright with peek-a-boo ocean views & awesome 4th of July fireworks display, 1 car garage plus tandem space. Current rent is $2100 per month. Unit #363 is a studio with a large outdoor patio & street parking only. Current rent is $850 per month.

Last Agent to Sell the Property

Tim Smith

Coldwell Banker Realty License #01346878 Listed on: 04/09/2013

Coldwell Banker Realty

Co-Listed By

Sean Goodsell

Coldwell Banker Realty License #01258158

Last Buyer's Agent

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OUT OF AREA

OUT OF AREA

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 6,098 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 2 Car Garage
  • 4 Carport Spaces
  • Parking Available
  • Assigned Parking

Property Views

  • Ocean
  • Peek-A-Boo

Home Design

  • Property Attached

Interior Spaces

  • 2,587 Sq Ft Home
  • Living Room with Fireplace
  • Wood Flooring

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Ocean Side of Freeway

Utilities

  • Central Heating
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 413
  • Assessor Parcel Number 49603104

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Electric Expense $564
  • Water Sewer Expense $1,512
  • Gross Income $6,450
  • Net Operating Income $74,700

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

6,098 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: North Laguna (NL)
  • View: Yes
  • Water Sewer Expenses: 1512.00
  • Property Type: Residential Income
  • Parcel Number: 49603104
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Flooring: Wood
  • Fireplace Features: Living Room
  • Price Per Square Foot: 657.13

Exterior Features

  • View: Ocean, Peek-A-Boo
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 4.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Heating Type: Central, Wall Furnace
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Size Sq Ft: 6098.00
  • Lot Size Acres: 0.1400

Multi Family

  • Electric Expense: 564.00
  • Gross Income: 6450.00
  • Gross Scheduled Income: 77400.00
  • Lot Size Area: 6098.0000 Square Feet
  • Net Operating Income: 74700.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 2700.00
  • Rent Control: No
  • Total Actual Rent: 6450.00
  • Waterfront Features: Ocean Side of Freeway

Tax Info

  • Tax Lot: 10
  • Tax Tract Number: 413
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/09/2013 05/09/13 Sold $1,700,000 +0.1% $657 / Sq Ft
04/20/2013 04/20/13 Pending -- -- --
04/09/2013 04/09/13 For Sale $1,699,000 -- $657 / 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 $22,777 $1,970,280 $1,882,645 $87,635
2024 $22,777 $1,931,648 $1,845,731 $85,917
2023 $23,004 $1,893,773 $1,809,540 $84,233
2022 $22,392 $1,856,641 $1,774,059 $82,582
2021 $21,790 $1,820,237 $1,739,274 $80,963
2020 $21,371 $1,801,573 $1,721,440 $80,133
2019 $20,925 $1,766,249 $1,687,687 $78,562
2018 $20,470 $1,731,617 $1,654,595 $77,022
2017 $20,006 $1,697,664 $1,622,152 $75,512
2016 $19,568 $1,664,377 $1,590,345 $74,032
2015 $19,212 $1,639,377 $1,566,457 $72,920
2014 $18,806 $1,607,264 $1,535,772 $71,492
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP13062513

California Regional Multiple Listing Service (CRMLS)

APN: 496-031-04

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