NOT LISTED FOR SALE

Estimated Value: $2,007,000 - $2,572,722

3 Beds
2 Baths
1,428 Sq Ft
$1,625/Sq Ft Est. Value

Last Sold April 28, 2015

Last sale price $1,350,000 $945 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $14,532/month

87 Days on Market

Highlights

  • Built-In Features
  • Will Rogers Elementary Rated A
  • 1-Story Property

About This Home

As of April 2015

LOCATED LESS THAN A MILE FROM THE BEACH in the Sunset Park area of Santa Monica. These 2 single Spanish-style units: Unit 1 - 3 bedroom, 1 bath has cathedral windows, hardwood floors, fireplace, front porch and yard. Gorgeous details throughout. Unit 2 - Separate Charming cottage (300 sf) can be used as a great rental, office or kids playroom. Huge Grassy backyard with alley access for parking. Irrigation systems for all yards. Walk-in basement.The lot is zoned R2 to allow 5 units. For the astute investor, included in the sales price are architectural drawings for developing four condominiums. Located centrally in Santa Monica and in a close proximity to a wide range of entertainment, dining and shopping. Very near to Santa Monica College and golf course. Bring your buyers, developers and investors to see this wonderful opportunity!

Last Agent to Sell the Property

Tamar Saunders

Ecolution Inc. License #01961526 Listed on: 11/04/2014

Last Buyer's Agent

Tamar Saunders

Ecolution Inc. License #01961526 Listed on: 11/04/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,232

Year Built

  • Built in 1928

Lot Details

  • 6,491 Sq Ft Lot

Parking

  • 2 Parking Spaces

Interior Spaces

  • 1,428 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Gas And Electric Dryer Hookup

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 4284-015-017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,232

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1428
  • Stories: 1
  • Year Built: 1928
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 3
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Built-Ins, Dishwasher, Garbage Disposal, Gas Or Electric Dryer Hookup
  • Price Per S Q F T: 979.69

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Total Parking: 2

Lot Info

  • Assessed Improvement Value: 250825
  • Assessed Land Value: 1114793
  • Assessor Parcel Number: 4284-015-017
  • Geocode Override: No
  • Lot Size Area: 6491

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Total Annual Expense: 0
  • Type Of Units: Detached
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2014
Closed on
Mar 5, 2015
Sold by
Kamoze Ini
Bought by
Agarwal Karan S
Seller's Agent
Tamar Saunders
Ecolution Inc.
Buyer's Agent
Tamar Saunders
Ecolution Inc.
List Price
$1,399,000
Sold Price
$1,350,000
Premium/Discount to List
-$49,000
-3.5%
Current Estimated Value
$2,361,423

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,011,423
Avg. Annual Appreciation
5.40%
Original Mortgage
$675,000
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 1, 2005
Sold by
Sokolow Pandro and Sokolow Tracy M
Bought by
Kamoze Ini

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$918,750
Interest Rate
1%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Mar 24, 2005
Sold by
Gertner Edward R and Hug Betty
Bought by
Sokolow Pandro and Sokolow Tracy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$693,750
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 10, 2004
Sold by
Gertner Edward R
Bought by
Gertner Edward R and Gertner Trust

Purchase Details

Closed on
Jan 15, 2004
Sold by
Gertner Alili N
Bought by
Gertner Edward R and Gertner Trust

Purchase Details

Closed on
Jan 14, 2004
Sold by
Gertner Edward R
Bought by
Gertner Alili N
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Agarwal Karan S $1,350,000 Lawyers Title
Kamoze Ini $1,225,000 --
Sokolow Pandro $925,000 Commonwealth Title
Gertner Edward R -- --
Hug Betty -- --
Gertner Edward R -- --
Gertner Edward R -- --
Gertner Alili N -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Agarwal Karan S $675,000
Previous Owner Kamoze Ini $918,750
Previous Owner Sokolow Pandro $693,750
Previous Owner Gertner Edward R $220,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2015 04/28/15 Sold $1,350,000 -3.5% $945 / Sq Ft
01/30/2015 01/30/15 Pending -- -- --
11/04/2014 11/04/14 For Sale $1,399,000 -- $980 / Sq Ft
Source: The MLS

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 $19,232 $1,622,491 $1,141,754 $480,737
2024 $19,232 $1,590,678 $1,119,367 $471,311
2023 $18,924 $1,559,489 $1,097,419 $462,070
2022 $18,686 $1,528,911 $1,075,901 $453,010
2021 $18,222 $1,498,933 $1,054,805 $444,128
2020 $18,098 $1,483,565 $1,043,990 $439,575
2019 $17,914 $1,454,476 $1,023,520 $430,956
2018 $16,826 $1,425,957 $1,003,451 $422,506
2016 $17,565 $1,370,587 $964,487 $406,100
2015 $16,413 $1,392,902 $1,137,066 $255,836
2014 $13,717 $1,365,618 $1,114,793 $250,825
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 14-807453

The MLS

APN: 4284-015-017