NOT LISTED FOR SALE

Estimated Value: $2,371,000 - $2,993,000

6 Beds
5 Baths
3,671 Sq Ft
$711/Sq Ft Est. Value

Sale Details

Date Sold: August 1, 2022

Last sale price $2,530,000 $689 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $16,649 / mo

23 Days on Market

Highlights

  • 4 Car Attached Garage
  • Roosevelt Elementary School Rated A+
  • 1-Story Property

About This Home

As of August 2022

Fantastic opportunity to acquire North-of-Wilshire 4-unit apartment in sought-after Santa Monica location. This rare gem consists of three unit types (large 2-bedroom and 2-bathroom with spacious living room, large kitchen and open floor plan; a 2-bedroom and 1-bathroom on second floor with views; and two cozy 1-bedroom and 1-bathroom units). Potentially earn income from 3 units while occupying one unit, or rent out all 4 units (inquire with City about applicable rent-control exemptions under such circumstances). Secured, covered parking (4 spots). Stroll to Whole Foods, Milo & Olive, Erewhon, Roosevelt Elementary, Lincoln Middle School, the beach, and so much more. ***Soft-story Seismic Retrofit completed***

Last Agent to Sell the Property

Felix Wong

Sunshine Realty License #01198940 Listed on: 05/31/2022

Last Buyer's Agent

Cristina Lopez

The ONE Luxury Properties License #01759117

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 7,494 Sq Ft Lot

Parking

  • 4 Car Attached Garage

Interior Spaces

  • 3,671 Sq Ft Home
  • 1-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Community Details

  • 3 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 4281-013-004

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

7,494 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3671
  • Lot Acreage: 0.1720
  • Stories: 1
  • Year Built: 1940
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Total Bathrooms: 5.00
  • Equipment: Range/Oven, Refrigerator
  • Price Per S Q F T: 724.60

Exterior Features

  • Other Structures: None

Garage/Parking

  • Covered Parking: 4
  • Parking Garage: Attached, Covered Parking
  • Total Parking: 4

Lot Info

  • Assessed Improvement Percent: 15.87
  • Assessed Improvement Value: 140901
  • Assessed Land Percent: 84.13
  • Assessed Land Value: 746836
  • Total Assessed Value: 887737
  • Assessor Parcel Number: 4281-013-004
  • Lot Size Area: 7494

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Number Of Units: 4
  • Type Of Units: 2+2, 2+1,1+1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2022
Closed on
Jul 18, 2022
Sold by
Libby Shen Trust
Bought by
Hjc Holdings Llc
Seller's Agent
Felix Wong
Sunshine Realty
Buyer's Agent
Cristina Lopez
The ONE Luxury Properties
List Price
$2,660,000
Sold Price
$2,530,000
Premium/Discount to List
-$130,000
-4.89%
Current Estimated Value
$2,610,952

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,952
Avg. Annual Appreciation
0.86%

Purchase Details

Closed on
Aug 28, 2007
Sold by
Shen Libby
Bought by
Shen Libby and Libby Shen Trust

Purchase Details

Closed on
Dec 2, 1998
Sold by
Cullen Greg
Bought by
Shen Libby and Shen Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$419,300
Interest Rate
6.91%

Purchase Details

Closed on
Dec 9, 1997
Sold by
Peach Tree Partners
Bought by
Cullen Greg

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
7.16%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 2, 1994
Sold by
Chen Benjamin Po Tao and Chen Sarah
Bought by
Peach Tree Partners

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,200
Interest Rate
8.81%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 20, 1993
Sold by
Federal Security Corp
Bought by
Chen Benjamin Po Tao and Chen Sarah
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hjc Holdings Llc $2,530,000 Fidelity National Title
Shen Michael -- Fidelity National Title
Shen Libby -- None Available
Shen Libby $619,500 Fidelity National Title Co
Cullen Greg $512,500 First American Title Co
Peach Tree Partners $428,000 --
Chen Benjamin Po Tao $179,486 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shen Libby $419,300
Previous Owner Cullen Greg $420,000
Previous Owner Peach Tree Partners $385,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/01/2022 08/01/22 Sold $2,530,000 -4.9% $689 / Sq Ft
06/23/2022 06/23/22 Pending -- -- --
05/31/2022 05/31/22 For Sale $2,660,000 -- $725 / Sq Ft
Source: The MLS

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 $31,051 $2,632,212 $1,841,508 $790,704
2024 $31,051 $2,580,600 $1,805,400 $775,200
2023 $30,557 $2,530,000 $1,770,000 $760,000
2022 $12,074 $914,871 $769,664 $145,207
2021 $11,649 $896,933 $754,573 $142,360
2020 $11,518 $887,737 $746,836 $140,901
2019 $11,396 $870,332 $732,193 $138,139
2018 $10,676 $853,268 $717,837 $135,431
2016 $10,252 $820,136 $689,963 $130,173
2015 $10,117 $807,818 $679,600 $128,218
2014 $10,006 $791,995 $666,288 $125,707
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-162659

The MLS

APN: 4281-013-004

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