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354 North Coast Hw

354 North Coast Hw, Laguna Beach, CA 92651
Commercial in North Laguna
Local assessors in Laguna Beach, CA have categorized 354 North Coast Hw as a commercial type of property. The home was built in 1966 and is 58 years old. The property's lot size has been calculated to be 6,000 square feet. The linear feet between the front and back of the lot was measured at 1,200 ft and the front of the lot was measured at 500 ft. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 354 North Coast Hw has a total of 2,500 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Moving onto specific details regarding the building. Our sources show that the building condition is average. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. Lots of concrete block were used in the construction of the exterior walls of the home. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 354 North Coast Hw was last sold in Aug 10, 2021 for $6,000,000. According to our calculations, that's $2,400.00 per sqft. Prior to that sales transaction, the property was sold for $3,800,000 in Dec 7, 2006. Current property owners are expected to pay $62,870 in taxes per year. The property on 354 North Coast Hw was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $6,120,000. To break that down further, the land itself was valued at $5,406,000. While improvements to the property were assessed at a total of $714,000. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20201030
10/30/2020
Loft
-
-
$6,595,000
bedrooms
Loft
bathrooms
-
$6,000,000 -9.02%
08/12/2021
-
Michael Johnson
Compass

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C
  • Exterior Walls Type: Concrete block
  • Floor Count: 1
  • Living Units: 7
  • Business/Commerical Units Count: 7
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,000
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,500
  • Gross Building Area: 2,500
  • Building Area: 2,500
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,500
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Commercial
  • Subdivision: LAGUNA CLIFFS
  • Land Acres: 0.138
  • Standard Land Use Code: Commercial (general)
  • Legal Description 1: A TR LAGUNA CLIFFS BLK 19 LOT 5 LAGUNA CLIFFS LOT 5 BLK 19 SELY 50 FT

Ownership

  • Current Owner : OLIVE TREE INVESTMENTS LLC
  • Previous Owner : CANNON HERITAGE LP
  • Owner Before Previous Owner: KIEMEYER KAE
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Laguna Beach Unified School District
  • Census Tract: 062605

Geography

  • Assessors Map Reference: 34-D1
  • Subdivision Tract Number: 412
  • Parcel: 496-122-16
  • Block: 19
  • Lot: 5
  • Latitude: 33.5445
  • Longitude: -117.789

    Address

  • Full Address: 354 N Coast Hwy
  • Address - House Number: 354
  • Street Direction: N
  • Address - Street Name: Coast
  • Address - Suffix Type: Hwy
  • State: CA
  • City Name: Laguna Beach
  • Carrier Code: C020
  • 4-Digit Zip Code: 1628
  • Zip Code: 92651

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $62,870
  • Tax Rate Code Area: 05-003

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,100,000
  • First Open Lien Mortgage Lender: THRIVENT FCU
  • First Open Lien Mortgage Recording Date: Aug 12, 2021
  • First Open Lien Mortgage Loan Amount: $2,100,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $6,120,000
  • Assessed Land Value: $5,406,000
  • Assessed Improvements Value: $714,000

    Sales

  • Current Sale Contract Date: Aug 10, 2021
  • Current Sale Recording Date: Aug 12, 2021
  • Current Sale Transaction ID: 11848904733
  • Current Sale Price: $6,000,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2021000510977
  • Previous Sale Recording Date: Dec 27, 2006
  • Previous Sale Contract Date: Dec 07, 2006
  • Previous Sale Amount: $3,800,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: THRIVENT FCU
  • First Mortgage Transaction Date: Aug 12, 2021
  • First Mortgage Loan Amount: $2,100,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

About North Laguna



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Nearby Rentals

Unit for rent at

$0 /mo

  • Studio
Listing by Ned Malley

Frequently Asked Questions

What neighborhood is 354 North Coast Hw located in?
The 354 North Coast Hw is a commercial located in the neighborhood of North Laguna in North Laguna, Laguna Beach.
What is the average sales price for listings in 354 North Coast Hw?
The average sales price for units in 354 North Coast Hw is $6,595,000 currently.

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