Seller's Agent in 2012
Jay Skenderian
Morgan Skenderian
(949) 251-8800
18 Total Sales
688 S Coast Hwy Laguna Beach, CA 92651
The Village NeighborhoodEstimated Value: $11,921,365
--
Bed
1
Bath
7,040
Sq Ft
$1,693/Sq Ft
Est. Value
Highlights
- Property has ocean access
- Coastline Views
- Modern Architecture
- El Morro Elementary School Rated A+
- Spa
- 3-minute walk to Brown's Park
About This Home
As of June 2012The subject property is a unique find in Laguna Beach with both commercial and residential income opportunities. This property has 14 studio suites, each uniquely designed in its own soft contemporary theme, are enhanced with the outdoor relaxation area, barbeque and spa. The property has gated secure parking for 17 cars, storage and laundry facilities.
Last Agent to Sell the Property
Morgan Skenderian License #01220368 Listed on: 11/15/2011
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $90,545
Year Built
- Built in 1973
Lot Details
- 9,500
Parking
- 17 Parking Spaces
Property Views
- Coastline
- City Lights
Home Design
- 7,040 Sq Ft Home
- Modern Architecture
- Frame Construction
- Composition Roof
- Stucco
Outdoor Features
- Spa
- Property has ocean access
- Beach Access
Additional Features
- Granite Countertops
- 1 Bathroom
- 9,500 Sq Ft Lot
- Central Heating
Listing and Financial Details
- Assessor Parcel Number 64403616
Community Details
Overview
- 2 Buildings
- 14 Units
Building Details
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Cable TV Expense $6,262
- Electric Expense $6,262
- Insurance Expense $11,652
- Maintenance Expense $21,549
- Other Expense $119,601
- Professional Management Expense $28,017
- Trash Expense $6,262
- Water Sewer Expense $6,262
- New Taxes Expense $76,680
- Gross Income $72,880
- Net Operating Income $488,813
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 2, 2016
Sold by
Blue Lagoon Resort Llc
Bought by
Laguna Hw Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,000,000
Interest Rate
3.42%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 20, 2016
Sold by
M2 Coastal Llc
Bought by
Blue Lagoon Resort Llc
Purchase Details
Closed on
Apr 7, 2016
Sold by
M2 Coastal Llc
Bought by
Montgomery Matthew A and Montgomery Janet W
Purchase Details
Listed on
Nov 15, 2011
Closed on
Jun 6, 2012
Sold by
The Lofts At Laguna Beach Llc
Bought by
M2 Coastal Llc
Seller's Agent
Jay Skenderian
Morgan Skenderian
Buyer's Agent
Rick Applebaum
Morgan Skenderian
List Price
$6,795,000
Sold Price
$5,550,000
Premium/Discount to List
-$1,245,000
-18.32%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.03%
Original Mortgage
$4,162,500
Interest Rate
3.84%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 13, 2011
Sold by
The Lofts At Laguna Beach Llc
Bought by
The Lofts At Laguna Beach Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,900,000
Interest Rate
4.5%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 27, 2011
Sold by
Bellino James
Bought by
The Lofts At Laguna Beach Llc
Purchase Details
Closed on
Mar 13, 2009
Sold by
Duncan Gail
Bought by
California Empire Funding Corporation
Purchase Details
Closed on
Jan 21, 2004
Sold by
Tejpaul Shashi K and Duncan Gail
Bought by
Duncan Gail
Purchase Details
Closed on
Aug 16, 2000
Sold by
Newport Investment Group
Bought by
Carol Libman Andrea and Keces Mervyn
Purchase Details
Closed on
Jan 1, 1993
Sold by
Ehrenpreis Werner E and Ehrenpreis Jacqueline
Bought by
Newport Investment Group
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,895
Interest Rate
8.04%
Mortgage Type
Seller Take Back
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 |
|---|---|---|---|
| Laguna Hw Llc | -- | First American Title Company | |
| Blue Lagoon Resort Llc | $7,375,000 | Ticor Title Company | |
| Montgomery Matthew A | -- | None Available | |
| M2 Coastal Llc | -- | First American Title Ins Co | |
| The Lofts At Laguna Beach Llc | -- | Cctn | |
| The Lofts At Laguna Beach Llc | -- | None Available | |
| California Empire Funding Corporation | $800,001 | None Available | |
| Duncan Gail | -- | -- | |
| Carol Libman Andrea | -- | Orange Coast Title Company | |
| Sala Laura | -- | Orange Coast Title Company | |
| Carol Libman Andrea | -- | Orange Coast Title Company | |
| Keces Mervyn | -- | Orange Coast Title Company | |
| Newport Investment Group | $330,000 | First American Title Insuran |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Laguna Hw Llc | $12,550,000 | |
| Closed | Laguna Hw Llc | $10,000,000 | |
| Closed | Laguna Hw Llc | $3,000,000 | |
| Closed | Laguna Hw Llc | $3,500,000 | |
| Closed | Laguna Hw Llc | $3,000,000 | |
| Closed | Laguna Hw Llc | $8,300,000 | |
| Open | Retreat At Laguna Villas Llc | $175,000,000 | |
| Closed | Laguna Hi Llc | $25,000,000 | |
| Closed | Laguna Hw Llc | $20,000,000 | |
| Closed | Laguna Hw Llc | $195,500,000 | |
| Closed | Laguna Hw Llc | $61,000,000 | |
| Previous Owner | M2 Coastal Llc | $4,162,500 | |
| Previous Owner | The Lofts At Laguna Beach Llc | $2,900,000 | |
| Previous Owner | Tejpaul Shashi K | $0 | |
| Previous Owner | Duncan Gail | $2,130,000 | |
| Previous Owner | Duncan Gail | $3,747,000 | |
| Previous Owner | Newport Investment Group | $192,895 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/08/2012 06/08/12 | Sold | $5,550,000 | -18.3% | $788 / Sq Ft |
| 06/08/2012 06/08/12 | Pending | -- | -- | -- |
| 11/15/2011 11/15/11 | For Sale | $6,795,000 | -- | $965 / 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 | $90,545 | $7,833,186 | $6,037,369 | $1,795,817 |
| 2024 | $90,545 | $7,679,595 | $5,918,990 | $1,760,605 |
| 2023 | $88,049 | $7,529,015 | $5,802,931 | $1,726,084 |
| 2022 | $60,769 | $4,896,000 | $3,264,000 | $1,632,000 |
| 2021 | $59,187 | $4,800,000 | $3,200,000 | $1,600,000 |
| 2020 | $82,536 | $7,162,452 | $5,520,404 | $1,642,048 |
| 2019 | $80,819 | $7,022,012 | $5,412,161 | $1,609,851 |
| 2018 | $79,065 | $6,884,326 | $5,306,040 | $1,578,286 |
| 2017 | $77,277 | $6,749,340 | $5,202,000 | $1,547,340 |
| 2016 | $67,641 | $5,835,722 | $4,509,422 | $1,326,300 |
| 2015 | $66,395 | $5,748,065 | $4,441,687 | $1,306,378 |
| 2014 | $64,933 | $5,635,469 | $4,354,681 | $1,280,788 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2012
Rick Applebaum
Morgan Skenderian
(949) 251-8800
64 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: P803123
APN: 644-036-16
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
- 667 Glenneyre St
- 709 Gaviota Dr
- 634 Glenneyre St
- 363 Cleo St
- 390 Saint Anns Dr
- 495 Saint Anns Dr
- 555 Through St
- 556 Through St
- 430 Anita St
- 0 Laguna Ave
- 1056 Glenneyre St
- 1051 Gaviota Dr
- 385 Mermaid St
- 615 Seaview St
- 565 Lombardy Ln
- 750 Manzanita Dr
- 645 Griffith Way
- 513 Oak St
- 617 Lombardy Ln
- 615 Griffith Way
- 688 S Coast Hwy Unit 14
- 688 S Coast Hwy Unit 10
- 688 S Coast Hwy Unit 11
- 688 S Coast Hwy Unit 12
- 688 S Coast Hwy Unit 9
- 688 S Coast Hwy Unit 13
- 688 S Coast Hwy Unit 6
- 688 S Coast Hwy Unit 7
- 688 S Coast Hwy Unit 5
- 688 S Coast Hwy Unit 8
- 688 S Coast Hwy Unit 4
- 688 S Coast Hwy Unit 3
- 688 S Coast Hwy Unit 2
- 688 S Coast Hwy Unit 1
- 688 S Coast Hwy Unit 1-14
- 690 S Coast Hwy Unit 7
- 690 S Coast Hwy Unit 1-14
- 690 S Coast Hwy
- 688 690 S Coast Hwy S
- 680 S Coast Hwy