515 Reed St
Laguna Beach, CA 92651

$2,400,000

Last Sold Price

Beds

Baths

3,000 Sq. Ft.

$800 / Sq. Ft.

3,000

Sq. Ft.

$800

per Sq. Ft.

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Closed 10/10/17Virtual Tour

515 Reed Street Laguna Beach, CA 92651 - Photo 1 of 1

Description

Investors dream. Live in one, lease the other. Lease them both. Or a family compound. Two beautiful homes on one lot in the heart of The Village. The front house, 515 Reed, is a classic 1929 Laguna cottage recently expanded and completely remodeled. The home boasts 2 bedrooms and 2 bathrooms with a bright and open kitchen, living, dining area and a large bonus room, currently being used as a 3rd bedroom. Hardwood floors and a brick fireplace add to the wonderfully warm feel of this home. Enjoy outdoor...Investors dream. Live in one, lease the other. Lease them both. Or a family compound. Two beautiful homes on one lot in the heart of The Village. The front house, 515 Reed, is a classic 1929 Laguna cottage recently expanded and completely remodeled. The home boasts 2 bedrooms and 2 bathrooms with a bright and open kitchen, living, dining area and a large bonus room, currently being used as a 3rd bedroom. Hardwood floors and a brick fireplace add to the wonderfully warm feel of this home. Enjoy outdoor living on the private wood back patio and front deck-great for entertaining. Opposite end of the spectrum but equally impressive is 517 Reed. A brand new urban loft feeling contemporary home with 3 bedrooms and 2.5 baths. Polished concrete floors downstairs and in the entry, an open architectural steel and wood staircase leads up to hardwood floors where the light pours into the living room, kitchen and master bedroom suite. An attached 3 car garage serves both homes. Highest level of craftsmanship and materials used in each of the homes. Extensive landscaping creates space and privacy between the two homes. Close to beaches, restaurants, shops and more. So many options to consider.

Listing Agent

Marcus Skenderian
Listing Agent
Compass
DRE #01115339
marcus@compass.com
P: (949)-295-5758
Call Text Email

Property Details for 515 Reed Street

Architectural Style

Contemporary, Cottage

View

Neighborhood, Peek-A-Boo

Parking Spaces Total

Private Pool

Cooling Type

None

Total Units

2.0

Building Type

Detached

Living Area

3000

LISTING UPDATED: 10/11/2017 04:04 AM

Property Details for 515 Reed Street

Status	Closed
MLS #	LG16163033
Days on Market	427
Taxes	-
HOA Fees	-
Condo/Co-op Fees	-
Compass Type	Multi Family
MLS Type	Residential Income
Year Built	1926
Lot Size	0.14 AC / 6,098 SF
County	Orange County

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Location

Listing Courtesy of Surterre Properties, Marcus Skenderian, DRE #01115339

Sold By Deasy Penner Podley, Luther Tsinoglou, DRE #01135433

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Building Information for 515 Reed Street

Stories2Residences-Year Built1926Building Size-Lot Size0.14 AC / 6,098 SF

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$14,089 per month

30 year fixed, 6.11% Interest

Principal and Interest

$11,648

Property Taxes

$2,441

HOA Dues

The Payment Calculator is for illustrative purposes only.

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Property Information for 515 Reed Street

Rental Info

Tenant Pays: Cable TV, Electricity, Gas, Water

Income / Expense / Tax Details

Income Details

Gross Income: $11,000
Gross Scheduled Income: $132,000

Net Operating Income: $82,804
Financing: Cash

Expense Details

Operating Expense: $49,693
New Taxes Expense: $33,693

Gardener Expense: $3,000
Insurance Expense: $4,000
Maintenance Expense: $4,000
Professional Management Expense: $5,000
Trash Expense: $0
Total Expenses: $49,693

Tax / Assessment Info

Tax Tract Number: 410
Tax Lot: 178

Community / Development

Assessments YN: No
Assessments: None

Community Features: Curbs

Property / Structure Info

Interior Features

Appliances: Built-In Range, Dishwasher, Disposal, Gas Cooktop, Refrigerator, Tankless Water Heater
Equipment: Dishwasher, Garbage Disposal, In Closet, Refrigerator

Interior Features: Copper Plumbing Full, High Ceilings
Room Type: Main Floor Master Bedroom, Master Suite
Bedroom Features: Main Floor Master Bedroom, Master Suite
Room Kitchen Features: Kitchen Island, Kitchen Open to Family Room, Remodeled Kitchen
Water Heater Features: Tankless
Water Heater Type: Tankless
Laundry: Yes
Laundry Features: In Closet
Fireplace Features: Living Room
Fireplace Rooms: Living Room
Cooling: None
Heating Type: Central
Heating: Central
Flooring Type: Concrete, Stone, Wood
Flooring: Concrete, Stone, Wood
Virtual Tour URL Branded: https://my.matterport.com/show/?m=ne5tbJkoU83
Virtual Tour URL Unbranded: https://my.matterport.com/show/?m=U1YUXN5L8Ty&brand=0

Exterior Features

Security Features: Fire Sprinkler System, Smoke Detector(s)
Construction Materials: Other, Stucco, Wood Siding

Exterior Construction: Stucco
Exterior: Stucco, Wood, Other/Remarks
Roof: Shingle
Fence: Wood
Fencing: Wood
Property Condition: Updated/Remodeled
View Description: Peek-A-Boo
Pool Features: None
Pool Description: None
Pool: N/K
Spa Features: None

Land/Lot Info

Lot Features: Sprinkler System
Number Of Units: 2

Land Lease: No
Land Lease Type: Fee
Road Frontage Type: Alley
Levels: Two
Water: Meter on Property
Utilities: Sewer Connected, Sewer Available
Water Source: Public

Parking Info

Garage Spaces: 3
Parking: Yes

Parking Garage: Direct Entrance, Garage, Garage - 3 Car
Parking Garage Spaces: 3
Carport Spaces: 0
Parking Features: Direct Garage Access, Garage, Garage - Three Door

Property / Structure Info

Builders Tract Name: The Village
Builders Tract Code: The Village (VIL)

Unit Information

Unit 1

Unit Type Units Total: 1
Unit Type Beds Total: 2

Unit Type Baths Total: 2
Unit Type Furnished: Furnished
Unit Type Garage Spaces: 2
Unit Type Garage Attached: No
Unit Type Actual Rent: $5,500
Unit Type Total Rent: $5,500
Unit Type Pro Forma: 5500
Unit Type Type: 1

Unit 2

Unit Type Units Total: 1
Unit Type Beds Total: 3

Unit Type Baths Total: 2
Unit Type Furnished: Furnished
Unit Type Garage Spaces: 1
Unit Type Garage Attached: Yes
Unit Type Actual Rent: $5,500
Unit Type Total Rent: $5,500
Unit Type Pro Forma: 5500
Unit Type Type: 2

Unit Information

Rent Controlled: No
Number Of Buildings: 2

Number Of Separate Electric Meters: 2
Number Of Separate Gas Meters: 2
Number Of Separate Water Meters: 2

Property History for 515 Reed Street

Date	Event & Source	Price	Appreciation
Oct 10, 2017	Sold CLAW #LG16163033MR	$2,400,000	—
Oct 10, 2017	Sold SDMLS #LG16163033	$2,400,000	—
Oct 10, 2017	Sold CLAW #LG16147797MR	$2,400,000	—
Oct 10, 2017	Sold CRMLS #LG16163033	$2,400,000	—
Oct 10, 2017	Sold CRMLS #LG16147797	$2,400,000	—
Sep 11, 2017	Sold (Public Record) Public Record #606660605	$2,376,500	—
Sep 11, 2017	Sold (Public Record) Public Record #606660605	$2,376,500	+8.3% / yr
Sep 7, 2017	Pending CRMLS #LG16163033		—
Sep 7, 2017	Pending CRMLS #LG16147797		—
Sep 7, 2017	Pending CLAW #LG16163033MR		—
Sep 7, 2017	Pending CLAW #LG16147797MR		—
Jul 21, 2017	Price Change CRMLS #LG16163033	$2,499,000	—
Jul 21, 2017	Price Change CRMLS #LG16147797	$2,499,000	—
Jun 20, 2017	Price Change CRMLS #LG16163033	$2,595,000	—
Jun 20, 2017	Price Change CRMLS #LG16147797	$2,595,000	—
May 8, 2017	Price Change CRMLS #LG16163033	$2,695,000	—
May 8, 2017	Price Change CRMLS #LG16147797	$2,695,000	—
Feb 26, 2017	Price Change CRMLS #LG16163033	$2,795,000	—
Feb 26, 2017	Price Change CRMLS #LG16147797	$2,795,000	—
Sep 24, 2016	Price Change CRMLS #LG16163033	$2,895,000	—
Sep 13, 2016	Price Change CRMLS #LG16147797	$2,895,000	—
Jul 7, 2016	Price Change CRMLS #LG16147797	$2,995,000	—
Jul 7, 2016	Listed (Active) CRMLS #LG16163033	$2,995,000	—
Jul 7, 2016	Listed (Active) CLAW #LG16163033MR	$2,995,000	—
Jul 7, 2016	Listed (Active) CLAW #LG16147797MR	$2,895,000	—
Jul 7, 2016	Listed (Active) SDMLS #LG16163033	$2,995,000	—
Jul 7, 2016	Listed (Active) CRMLS #LG16147797	$2,895,000	—
Oct 1, 2015	Expired CRMLS #OC15031054	$2,495,000	—
Oct 1, 2015	Expired CRMLS #OC15027415	$2,495,000	—
Sep 30, 2015	Expired CLAW #OC15031054MR		—
Sep 30, 2015	Expired CLAW #OC15027415MR		—
Sep 6, 2015	Withdrawn / Cancelled CRMLS #OC15031054		—
Sep 6, 2015	Withdrawn / Cancelled CRMLS #OC15027415		—
Sep 6, 2015	Expired SDMLS #OC15031054		—
Sep 5, 2015	Listed (Active) CRMLS #OC15031054	$2,695,000	—
Sep 5, 2015	Listed (Active) CRMLS #OC15027415	$2,695,000	—
Sep 5, 2015	Listed (Active) CLAW #OC15031054MR	$2,695,000	—
Sep 5, 2015	Listed (Active) CLAW #OC15027415MR	$2,695,000	—
Aug 21, 2015	Hold CRMLS #OC15031054		—
Aug 21, 2015	Hold CRMLS #OC15027415		—
Aug 21, 2015	Listed (Active) CRMLS #OC15031054		—
Aug 21, 2015	Listed (Active) CRMLS #OC15027415		—
Jul 31, 2015	Hold CRMLS #OC15031054		—
Jul 31, 2015	Hold CRMLS #OC15027415		—
Jul 31, 2015	Listed (Active) CRMLS #OC15027415		—
Jul 31, 2015	Listed (Active) CRMLS #OC15031054		—
Jul 10, 2015	Hold CRMLS #OC15027415		—
Jul 10, 2015	Hold CRMLS #OC15031054		—
Jun 30, 2015	Listed (Active) CRMLS #OC15031054		—
Jun 30, 2015	Listed (Active) CRMLS #OC15027415		—
Jun 28, 2015	Pending CRMLS #OC15027415		—
Mar 7, 2015	Price Change CRMLS #OC15027415	$2,495,000	—
Feb 10, 2015	Listed (Active) SDMLS #OC15031054	$2,695,000	—
Feb 9, 2015	Listed (Active) CRMLS #OC15027415		—
Oct 30, 2009	Sold CRMLS #L28863	$1,262,500	—
Oct 30, 2009	Sold CRMLS #L28657	$1,262,500	—
Oct 30, 2009	Sold CLAW #L28863MR	$1,262,500	—
Oct 30, 2009	Sold CLAW #L28657MR	$1,262,500	—
Sep 24, 2009	Sold (Public Record) Public Record #278184437	$1,262,500	—
Sep 24, 2009	Sold (Public Record) Public Record #278184437	$1,262,500	+0.6% / yr
Sep 23, 2009	Pending CLAW #L28863MR		—
Sep 23, 2009	Pending CLAW #L28657MR		—
Sep 23, 2009	Pending CRMLS #L28863		—
Sep 23, 2009	Pending CRMLS #L28657		—
Feb 20, 2009	Listed (Active) CLAW #L28863MR	$1,495,000	—
Feb 20, 2009	Listed (Active) CRMLS #L28863	$1,495,000	—
Feb 2, 2009	Listed (Active) CLAW #L28657MR	$1,495,000	—
Feb 2, 2009	Listed (Active) CRMLS #L28657	$1,495,000	—
Oct 2, 2006	Sold CRMLS #L20149	$1,300,000	—
Oct 2, 2006	Sold CLAW #L20149MR	$1,300,000	—
Aug 31, 2006	Pending CRMLS #L20149		—
Aug 31, 2006	Pending CLAW #L20149MR		—
Aug 9, 2006	Sold (Public Record) Public Record #203089110	$1,239,000	—
Aug 7, 2006	Withdrawn / Cancelled CLAW #L20185MR		—
Aug 7, 2006	Withdrawn / Cancelled CRMLS #L20185	$1,475,000	—
Aug 7, 2006	Pending CLAW #L20185MR		—
Aug 7, 2006	Pending CRMLS #L20185		—
May 1, 2006	Listed (Active) CLAW #L20149MR	$1,475,000	—
May 1, 2006	Listed (Active) CLAW #L20185MR	$1,475,000	—
May 1, 2006	Listed (Active) CRMLS #L20149	$1,475,000	—
May 1, 2006	Listed (Active) CRMLS #L20185	$1,475,000	—

Date	Event & Source	Price
10/10/2017	Sold CLAW #LG16163033MR	$2,400,000
10/10/2017	Sold SDMLS #LG16163033	$2,400,000
10/10/2017	Sold CLAW #LG16147797MR	$2,400,000
10/10/2017	Sold CRMLS #LG16163033	$2,400,000
10/10/2017	Sold CRMLS #LG16147797	$2,400,000
09/11/2017	Sold (Public Record) Public Record #606660605	$2,376,500
09/11/2017	Sold (Public Record) Public Record #606660605	$2,376,500 +8.3% / yr
09/07/2017	Pending CRMLS #LG16163033	—
09/07/2017	Pending CRMLS #LG16147797	—
09/07/2017	Pending CLAW #LG16163033MR	—
09/07/2017	Pending CLAW #LG16147797MR	—
07/21/2017	Price Change CRMLS #LG16163033	$2,499,000
07/21/2017	Price Change CRMLS #LG16147797	$2,499,000
06/20/2017	Price Change CRMLS #LG16163033	$2,595,000
06/20/2017	Price Change CRMLS #LG16147797	$2,595,000
05/08/2017	Price Change CRMLS #LG16163033	$2,695,000
05/08/2017	Price Change CRMLS #LG16147797	$2,695,000
02/26/2017	Price Change CRMLS #LG16163033	$2,795,000
02/26/2017	Price Change CRMLS #LG16147797	$2,795,000
09/24/2016	Price Change CRMLS #LG16163033	$2,895,000
09/13/2016	Price Change CRMLS #LG16147797	$2,895,000
07/07/2016	Price Change CRMLS #LG16147797	$2,995,000
07/07/2016	Listed (Active) CRMLS #LG16163033	$2,995,000
07/07/2016	Listed (Active) CLAW #LG16163033MR	$2,995,000
07/07/2016	Listed (Active) CLAW #LG16147797MR	$2,895,000
07/07/2016	Listed (Active) SDMLS #LG16163033	$2,995,000
07/07/2016	Listed (Active) CRMLS #LG16147797	$2,895,000
10/01/2015	Expired CRMLS #OC15031054	$2,495,000
10/01/2015	Expired CRMLS #OC15027415	$2,495,000
09/30/2015	Expired CLAW #OC15031054MR	—
09/30/2015	Expired CLAW #OC15027415MR	—
09/06/2015	Withdrawn / Cancelled CRMLS #OC15031054	—
09/06/2015	Withdrawn / Cancelled CRMLS #OC15027415	—
09/06/2015	Expired SDMLS #OC15031054	—
09/05/2015	Listed (Active) CRMLS #OC15031054	$2,695,000
09/05/2015	Listed (Active) CRMLS #OC15027415	$2,695,000
09/05/2015	Listed (Active) CLAW #OC15031054MR	$2,695,000
09/05/2015	Listed (Active) CLAW #OC15027415MR	$2,695,000
08/21/2015	Hold CRMLS #OC15031054	—
08/21/2015	Hold CRMLS #OC15027415	—
08/21/2015	Listed (Active) CRMLS #OC15031054	—
08/21/2015	Listed (Active) CRMLS #OC15027415	—
07/31/2015	Hold CRMLS #OC15031054	—
07/31/2015	Hold CRMLS #OC15027415	—
07/31/2015	Listed (Active) CRMLS #OC15027415	—
07/31/2015	Listed (Active) CRMLS #OC15031054	—
07/10/2015	Hold CRMLS #OC15027415	—
07/10/2015	Hold CRMLS #OC15031054	—
06/30/2015	Listed (Active) CRMLS #OC15031054	—
06/30/2015	Listed (Active) CRMLS #OC15027415	—
06/28/2015	Pending CRMLS #OC15027415	—
03/07/2015	Price Change CRMLS #OC15027415	$2,495,000
02/10/2015	Listed (Active) SDMLS #OC15031054	$2,695,000
02/09/2015	Listed (Active) CRMLS #OC15027415	—
10/30/2009	Sold CRMLS #L28863	$1,262,500
10/30/2009	Sold CRMLS #L28657	$1,262,500
10/30/2009	Sold CLAW #L28863MR	$1,262,500
10/30/2009	Sold CLAW #L28657MR	$1,262,500
09/24/2009	Sold (Public Record) Public Record #278184437	$1,262,500
09/24/2009	Sold (Public Record) Public Record #278184437	$1,262,500 +0.6% / yr
09/23/2009	Pending CLAW #L28863MR	—
09/23/2009	Pending CLAW #L28657MR	—
09/23/2009	Pending CRMLS #L28863	—
09/23/2009	Pending CRMLS #L28657	—
02/20/2009	Listed (Active) CLAW #L28863MR	$1,495,000
02/20/2009	Listed (Active) CRMLS #L28863	$1,495,000
02/02/2009	Listed (Active) CLAW #L28657MR	$1,495,000
02/02/2009	Listed (Active) CRMLS #L28657	$1,495,000
10/02/2006	Sold CRMLS #L20149	$1,300,000
10/02/2006	Sold CLAW #L20149MR	$1,300,000
08/31/2006	Pending CRMLS #L20149	—
08/31/2006	Pending CLAW #L20149MR	—
08/09/2006	Sold (Public Record) Public Record #203089110	$1,239,000
08/07/2006	Withdrawn / Cancelled CLAW #L20185MR	—
08/07/2006	Withdrawn / Cancelled CRMLS #L20185	$1,475,000
08/07/2006	Pending CLAW #L20185MR	—
08/07/2006	Pending CRMLS #L20185	—
05/01/2006	Listed (Active) CLAW #L20149MR	$1,475,000
05/01/2006	Listed (Active) CLAW #L20185MR	$1,475,000
05/01/2006	Listed (Active) CRMLS #L20149	$1,475,000
05/01/2006	Listed (Active) CRMLS #L20185	$1,475,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 515 Reed Street

Taxable ValueLand$2,186,321Additions$517,273Total$2,703,594

Tax Record2025$29,294 ($2,441 / month)

Home Facts

Beds1Total Finished SqFt697 SqFtAbove Grade Finished SqFt697 SqFtStories1Lot Size6,001 SqFtStyleSingle Family ResidenceYear Built1926CountyORANGEAPN644-042-02

Schools near 515 Reed Street

This home is within Laguna Beach Unified School District.


Rating	School	Type	Grades	Distance
7/10	El Morro Elementary School	Public - Serves this home	K to 5	3.0 mi
8/10	Thurston Middle School	Public - Serves this home	6 to 8	1.0 mi
10/10	Laguna Beach High School	Public - Serves this home	9 to 12	0.2 mi
NR	Anneliese School	Private - Nearby school	PK to 3	0.2 mi


Rating	School	Distance
7/10	El Morro Elementary School PublicK to 5 Serves this home	3.0 mi
8/10	Thurston Middle School Public6 to 8 Serves this home	1.0 mi
10/10	Laguna Beach High School Public9 to 12 Serves this home	0.2 mi
NR	Anneliese School PrivatePK to 3 Nearby school	0.2 mi

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Surterre Properties, Marcus Skenderian, DRE #01115339

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

515 Reed StLaguna Beach, CA 92651

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515 Reed St
Laguna Beach, CA 92651