NOT LISTED FOR SALE

741 S Coast Hwy Laguna Beach, CA 92651

The Village Neighborhood

Estimated Value: $7,101,071

-- Bed
12 Baths
5,472 Sq Ft
$1,298/Sq Ft Est. Value

Last Sold June 01, 2012

Last sale price $2,800,000 $512 Per Sq Ft

Est. 154% increase in value since last sale

Current estimated payment $43,493/month

530 Days on Market

Highlights

  • Ocean View
  • Property has ocean access
  • Contemporary Architecture
  • Top Of The World Elementary School Rated A
  • Ocean Side of Freeway
  • 5-minute walk to Brown's Park

About This Home

As of June 2012

Hotel Seven4one is a one of a kind private hotel and event venue. Income is generated from weddings, social, and business events, parties, health and wellness retreats, and vacation rentals. Business is operated on a variable cost model. Expenses are incurred only when revenue is generated. Hotel Seven4one is an exclusive boutique hotel that has identified a niche in private and corporate event marketing. It is continually ranked in the top three of positive consumer ratings on well known travel sites such as Trip Advisor, Yelp, Kayak, and Yahoo. Orange Coast Magazine rated Hotel Seven4one as 'Best Boutique of 2009'. The property has been completely renovated throughout with a commercial kitchen and full bar. The property is in turn key condition and has signed contracts through 2011 and 2012. 10 Coastal Contempary rooms with 2 ocean view suites and can accomodate 24 lodging guests and 80 people on site for weddings & events. Beach Access.

Last Agent to Sell the Property

Randy Benson

RANDY BENSON, BROKER License #00946856 Listed on: 11/23/2010

Last Buyer's Agent

Steve Murillo

First Manhattan REALTORS License #01114985

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $61,206

Year Built

  • Built in 1946 | Remodeled

Lot Details

  • 5,000 Sq Ft Lot

Property Views

  • Ocean
  • Catalina

Home Design

  • Contemporary Architecture
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 5,472 Sq Ft Home
  • Fireplace

Kitchen

  • Gas Oven or Range
  • Cooktop
  • Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Parking

  • 5 Car Direct Access Garage
  • Off-Site Parking

Outdoor Features

  • Property has ocean access
  • Beach Access
  • Ocean Side of Freeway
  • Fire Pit

Utilities

  • No Heating
  • Gas Water Heater

Listing and Financial Details

  • Legal Lot and Block 5 / 75
  • Tax Tract Number 416
  • Assessor Parcel Number 64402302

Community Details

Overview

  • 12 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$61,206

Year Built

Built in 1946 | Remodeled

Lot Details

0

Listing Details

  • Assessments: No
  • View: Yes
  • Architectural Style: Contemporary
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 64402302
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Flooring: Carpet, Tile
  • Appliances: No
  • Fireplace Features: Fire Pit
  • Levels: Two
  • Price Per Square Foot: 511.70

Exterior Features

  • View: Catalina, Ocean, Water
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Parking: No
  • Parking Features: Direct Garage Access, Off Site
  • Total Parking Spaces: 5.00

Utilities

  • Heating: No
  • Laundry: No
  • Appliances: Dishwasher, Free Standing, Freezer, Gas Cooking, Disposal, Gas Water Heater, Ice Maker, Range, Cooktop
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 5000.00
  • Lot Size Acres: 0.1150

Multi Family

  • Lot Size Area: 5000.0000 Square Feet
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 12
  • Number Wall A C: 13
  • Number With Carpet: 12
  • Number With Drapes: 12
  • Waterfront Features: Beach Access, Ocean Access, Ocean Side of Freeway

Tax Info

  • Tax Area: 05003
  • Tax Block: 75
  • Tax Lot: 5
  • Tax Tract: x
  • Tax Tract Number: 416

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 26, 2021
Sold by
Limelight Investments Llc
Bought by
Scp Seven4one Llc
Current Estimated Value
$7,101,071

Purchase Details

Closed on
Dec 17, 2015
Sold by
Limelight Investments Llc
Bought by
Limelight Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
3.83%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 1, 2012
Sold by
The Brendan Group Inc
Bought by
Limelight Investments Llc

Purchase Details

Closed on
Dec 21, 2007
Sold by
Laguna B & B Lp
Bought by
The Brendan Group Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,447,500
Interest Rate
6.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 20, 2005
Sold by
Haefele Robert C and Haefele Shirley M
Bought by
Laguna B & B Lp

Purchase Details

Closed on
Oct 13, 2003
Sold by
Park Center Exchange Inc
Bought by
Haefele Robert C and Haefele Shirley M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,920,000
Interest Rate
5.92%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 1, 1999
Sold by
Eilers Inn
Bought by
Eilers Inn Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,158,000
Interest Rate
7.75%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Scp Seven4one Llc $5,567,500 Fidelity National Title Co
Limelight Investments Llc -- Commonwealth Land Title Co
Limelight Investments Llc $2,800,000 None Available
The Brendan Group Inc $3,915,000 Investors Title Company
Laguna B & B Lp -- None Available
Haefele Robert C -- None Available
Haefele Robert C -- --
Park Center Exchange Inc $2,575,000 Orange Coast Title Company
Eilers Inn Llc $1,415,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Scp Laguna Llc $20,500,000
Previous Owner Limelight Investments Llc $1,500,000
Previous Owner The Brendan Group Inc $375,000
Previous Owner The Brendan Group Inc $1,447,500
Previous Owner The Brendan Group Inc $1,443,000
Previous Owner The Brendan Group Inc $2,350,000
Previous Owner Park Center Exchange Inc $1,920,000
Previous Owner Eilers Inn Llc $1,158,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2012 06/01/12 Sold $2,800,000 -20.0% $512 / Sq Ft
05/06/2012 05/06/12 Pending -- -- --
11/23/2010 11/23/10 For Sale $3,499,000 -- $639 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $61,206 $5,881,745 $5,191,960 $689,785
2024 $61,206 $5,766,417 $5,090,157 $676,260
2023 $59,414 $5,653,350 $4,990,350 $663,000
2022 $57,154 $5,542,500 $4,892,500 $650,000
2021 $33,849 $3,249,124 $2,610,908 $638,216
2020 $33,805 $3,215,809 $2,584,137 $631,672
2019 $33,419 $3,152,754 $2,533,467 $619,287
2018 $32,846 $3,090,936 $2,483,791 $607,145
2017 $32,692 $3,030,330 $2,435,089 $595,241
2016 $31,821 $2,970,912 $2,387,342 $583,570
2015 $31,166 $2,926,287 $2,351,482 $574,805
2014 $30,438 $2,868,966 $2,305,420 $563,546
Source: Public Records

Agents Affiliated with this Home

  • Randy Benson

    Seller's Agent in 2012

    Randy Benson

    RANDY BENSON, BROKER

    (949) 254-3991

    21 Total Sales

    Randy Benson
    Section Image
  • Steve Murillo

    Buyer's Agent in 2012

    Steve Murillo

    First Manhattan REALTORS

    (310) 545-8300

    6 Total Sales

    Steve Murillo
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: L34621

California Regional Multiple Listing Service (CRMLS)

APN: 644-023-02

California Orange County Laguna Beach 92651 The Village

741 S Coast Hwy, Laguna Beach, CA

This home is located at 741 S Coast Hwy, Laguna Beach, CA 92651 since 23 November 2010 and is currently estimated at $7,101,071, approximately $1,297 per square foot. This property was built in 1946. 741 S Coast Hwy is a home located in Orange County with nearby schools including Top Of The World Elementary School, Thurston Middle School, and Laguna Beach High School.

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.

California Regional Multiple Listing Service (CRMLS) 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

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