$975,000
SOLD FEB 22, 2013
-- Bed
-- Bath
1,876 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$520 Per Sq Ft

1% Below List Price

222 Days on Market

Highlights

  • Contemporary Architecture
  • Balcony
  • Forced Air Heating System
  • El Morro Elementary School Rated A+
  • Cul-De-Sac
  • Wood Siding

About This Home

As of July 2024

Nice duplex property close to Laguna Beach High School and the village. Both units are 2 bedroom and 2 full baths. Both kitchens were remodeled in 2009. The upper unit is carpeted and has wall AC units in the bedrooms. Lower unit has Pergo flooring throughout and has Saltillo tile in the kithen. Two Car garage. Lower unit has a nice rear yard as well as a shaded front patio. Upper unit has a large open south facing deck for entertaining. Large driveway for extra parking or possible accessory building.

Last Agent to Sell the Property

NoEmail NoEmail

Outside Area Listings License #N/A Listed on: 03/21/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 4,792 Sq Ft Lot
  • Cul-De-Sac

Home Design

  • 1,876 Sq Ft Home
  • Contemporary Architecture
  • Frame Construction
  • Wood Siding
  • Stucco

Kitchen

  • Gas Oven or Range
  • Cooktop
  • Disposal

Flooring

  • Carpet
  • Laminate

Parking

  • 4 Parking Spaces
  • Parking Deck
  • Driveway
  • Paved Parking

Additional Features

  • Gas And Electric Dryer Hookup
  • Balcony
  • Forced Air Heating System

Listing and Financial Details

  • Tax Lot 0.1
  • Tax Tract Number 750
  • Assessor Parcel Number 64411157

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $300
  • Insurance Expense $1,000
  • Professional Management Expense $4,800
  • Supplies Expense $75
  • Water Sewer Expense $900
  • New Taxes Expense $12,312
  • Gross Income $3,500
  • Net Operating Income $23,260

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 2.36
  • Price Per Unit: 492500
  • Professional Management Expense: 4800.00
  • Supplies Expense: 75.00
  • View: No
  • Water Sewer Expenses: 900.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 300.00
  • Parcel Number: 64411157
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony
  • Flooring: Laminate, Carpet
  • Appliances: No
  • Price Per Square Foot: 519.72

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Frame, Stucco, Wood Siding

Garage/Parking

  • Parking: No
  • Parking Features: Concrete, Deck, Driveway
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Cooking, Disposal, Range, Refrigerator, Cooktop
  • Heating Type: Central, Forced Air
  • Laundry Features: Gas & Electric Dryer Hookup

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Features: Cul-De-Sac
  • Lot Size Sq Ft: 4792.00
  • Lot Size Acres: 0.1100

Multi Family

  • Gross Income: 3500.00
  • Gross Multiplier: 23.45
  • Gross Scheduled Income: 42000.00
  • Insurance Expense: 1000.00
  • Net Operating Income: 23260.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Number Wall A C: 2
  • Number With Carpet: 1
  • Number With Refrigerator: 2
  • Operating Expense: 18740.00

Tax Info

  • New Taxes Expense: 12312.00
  • Tax Area: 05003
  • Tax Lot: 0.1
  • Tax Tract Number: 750

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 Change Sq Ft Price
07/29/2024 07/29/24 Sold $2,200,000 -6.4% $1,173 / Sq Ft
06/07/2024 06/07/24 Pending -- -- --
05/09/2024 05/09/24 Price Changed $2,350,000 -5.8% $1,253 / Sq Ft
04/05/2024 04/05/24 For Sale $2,495,000 0.0% $1,330 / Sq Ft
01/06/2023 01/06/23 Rented $4,550 +1.1% --
12/31/2022 12/31/22 For Rent $4,500 -0.6% --
11/17/2022 11/17/22 Rented $4,525 +0.6% --
10/17/2022 10/17/22 For Rent $4,500 0.0% --
05/31/2022 05/31/22 Sold $1,950,000 -7.1% $1,039 / Sq Ft
04/06/2022 04/06/22 Pending -- -- --
02/03/2022 02/03/22 For Sale $2,100,000 0.0% $1,119 / Sq Ft
10/04/2019 10/04/19 Rented $3,000 0.0% --
08/28/2019 08/28/19 Price Changed $3,000 -6.3% $3 / Sq Ft
08/05/2019 08/05/19 For Rent $3,200 0.0% --
02/22/2013 02/22/13 Sold $975,000 -1.0% $520 / Sq Ft
10/29/2012 10/29/12 Pending -- -- --
03/21/2012 03/21/12 For Sale $985,000 -- $525 / 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: L38423

California Regional Multiple Listing Service (CRMLS)

APN: 644-111-57