NOT LISTED FOR SALE
6 Beds
5 Baths
2,690 Sq Ft
7,317 Sq Ft Lot

Last Sold July 14, 2020

Last sale price $1,900,000 $706 Per Sq Ft

124 Days on Market

Highlights

  • Ocean Side of Freeway
  • Peek-A-Boo Views
  • Cul-De-Sac
  • El Morro Elementary School Rated A+
  • No HOA
  • Up Slope from Street

About This Home

As of July 2020

Charming multi-unit property with strong rental history poses a wonderful investment opportunity in the heart of the Village! Located at the end of a cul-de-sac, this property features three updated units, two consisting of 2 bedrooms and 2 baths approx. 950 sf each, and one consisting of 2 bedrooms and 1 bath approx 800sf, each with its own garage parking spot, separate driveway parking spot, and tranquil outdoor area. Two upper units feature large balconies and lower unit features private patio. Prime, quiet location close to downtown and all Laguna Beach has to offer!

Last Agent to Sell the Property

Andrea Ballesteros

Coldwell Banker Realty License #01246320 Listed on: 01/01/2020

Coldwell Banker Realty

Last Buyer's Agent

Ali Parvaneh

Barrister Realty License #01715925

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 7,317 Sq Ft Lot
  • Two or More Common Walls
  • Cul-De-Sac
  • Back and Front Yard

Parking

  • 3 Car Garage
  • 3 Open Parking Spaces
  • Parking Available
  • Front Facing Garage
  • Up Slope from Street
  • Driveway
  • Assigned Parking

Home Design

  • Triplex
  • Stucco

Interior Spaces

  • 2,690 Sq Ft Home
  • French Doors
  • Sliding Doors
  • Peek-A-Boo Views
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Ocean Side of Freeway
  • Exterior Lighting
  • Rain Gutters

Location

  • Urban Location

Utilities

  • Radiant Heating System
  • Private Sewer

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 64411122

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • Gardener Expense $1,760
  • Insurance Expense $3,799
  • Water Sewer Expense $1,601
  • New Taxes Expense $23,529
  • Operating Expense $33,389
  • Gross Income $93,780
  • Net Operating Income $57,577

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: The Village (VIL)
  • View: Yes
  • Water Sewer Expenses: 1601.00
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1760.00
  • Parcel Number: 64411122
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Door Features: French Doors, Sliding Doors
  • Levels: Two
  • Price Per Square Foot: 706.32

Exterior Features

  • Exterior Features: Lighting, Rain Gutters
  • View: Peek-A-Boo
  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned, Driveway, Garage, Garage Faces Front
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Radiant
  • Laundry Features: Common Area, In Closet
  • Sewer: Private Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Cul-De-Sac, Front Yard, Up Slope from Street
  • Lot Size Sq Ft: 7317.00
  • Lot Size Acres: 0.1680

Multi Family

  • Gross Operating Income: 93780.00
  • Insurance Expense: 3799.00
  • Lot Size Area: 7317.0000 Square Feet
  • Net Operating Income: 57577.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 33389.00
  • Rent Control: No
  • Total Actual Rent: 7890.00
  • Total Expenses: 33389.00
  • Waterfront Features: Ocean Side of Freeway

Tax Info

  • New Taxes Expense: 23529.00
  • Tax Census Tract: 626.19
  • Tax Lot: 1
  • Tax Tract Number: 1

Range of Values:

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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
07/14/2020 07/14/20 Sold $1,900,000 -5.0% $706 / Sq Ft
05/04/2020 05/04/20 Pending -- -- --
01/01/2020 01/01/20 For Sale $2,000,000 -- $743 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG19286467

California Regional Multiple Listing Service (CRMLS)

APN: 644-111-21