NOT LISTED FOR SALE

1037 Bay St Unit 2 Santa Monica, CA 90405

Sunset Park Neighborhood

Estimated Value: $2,541,000 - $5,878,000

8 Beds
8 Baths
6,208 Sq Ft
$705/Sq Ft Est. Value

Last Sold July 18, 2014

Last sale price $2,475,000 $399 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $26,244/month

16 Days on Market

Highlights

  • Wood Flooring
  • Covered Patio or Porch
  • Air Conditioning
  • Will Rogers Elementary Rated A
  • Balcony
  • Central Heating

About This Home

As of July 2014

Prime residential location in Sunset Park, Santa Monica. NO RENT CONTROL. UPSIDE IN RENTS. Each unit is townhouse style with underground parking. Large three-bedroom unit, and three, two-bedroom units. Owner currently resides in one of the two-bedroom units. Lot's of upside, and great place to live. Tree Lined street. Near dinning, the beach, parks, shops, etc. Agents, please see private remarks for showings

Last Agent to Sell the Property

Dan Kolodziejski

Clement Partners Real Estate License #00655202 Listed on: 06/03/2014

Last Buyer's Agent

Shahla Atabaki

Beverly and Company, Inc. License #01050544

Beverly and Company, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $34,989

Year Built

  • Built in 1987

Lot Details

  • 5,962 Sq Ft Lot

Parking

  • 9 Car Garage
  • Controlled Entrance

Home Design

  • Split Level Home

Interior Spaces

  • 6,208 Sq Ft Home
  • Wood Flooring
  • Dishwasher
  • Laundry in Garage

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Utilities

  • Air Conditioning
  • Central Heating

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 4284-016-013

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$34,989

Year Built

Built in 1987

Lot Details

0

Parking

9

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Building Permit: Yes
  • Living Area: 6208
  • Year Built: 1987
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Flooring: Hardwood
  • Bedrooms: 8
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Garage
  • Total Bathrooms: 8.00
  • Den: 0
  • Equipment: Dishwasher
  • Price Per S Q F T: 402.71

Exterior Features

  • Tennis Court Y/N: No
  • Construction: Frame and Stucco
  • Patio: Balcony, Covered Porch
  • Pool: No
  • View: No

Garage/Parking

  • Garage Spaces: 9
  • Covered Parking: 9
  • Parking Garage: Controlled Entrance, Covered Parking
  • Total Parking: 9

Utilities

  • Cooling: Air Conditioning
  • Heating: Central

Lot Info

  • Assessed Improvement Value: 533370
  • Assessed Land Value: 819108
  • Assessor Parcel Number: 4284-016-013
  • Geocode Override: No
  • Lot Location: Alley Access
  • Lot Size Area: 5962

Rental Info

  • Rent Control: No

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 17.80
  • Number Of Units: 4
  • Rent Control: 0
  • Total Annual Expense: 28080
  • Type Of Units: Townhouse
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2014
Closed on
Jul 11, 2014
Sold by
The Secondo & Franca Damonte 2001 Family
Bought by
Crown Bay Villa Llc
Seller's Agent
Dan Kolodziejski
Clement Partners Real Estate
Buyer's Agent
Shahla Atabaki
Beverly and Company, Inc.
List Price
$2,500,000
Sold Price
$2,475,000
Premium/Discount to List
-$25,000
-1%
Current Estimated Value
$4,378,556

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,903,556
Avg. Annual Appreciation
5.24%

Purchase Details

Closed on
Jun 21, 2006
Sold by
Damonte Secondo and Damonte Franca
Bought by
Eugenio Secondo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 21, 2003
Sold by
Damonte Secondo Eugenio and Damonte Franca Maria Rita
Bought by
Damonte Secondo Eugenio

Purchase Details

Closed on
Jun 26, 2003
Sold by
Damonte Secondo Eugenio and Damonte Franca Maria Rita
Bought by
Damonte Secondo Eugenio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$765,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 27, 2003
Sold by
Damonte Secondo E and Damonte Franca M
Bought by
Damonte Secondo Eugenio
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
Crown Bay Villa Llc $2,475,000 Lawyers Title
Eugenio Secondo -- Gateway Title Company
Damonte Secondo -- Gateway Title Company
Damonte Secondo Eugenio -- --
Damonte Secondo Eugenio -- Equity Title Company
Damonte Secondo Eugenio -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Eugenio Secondo $250,000
Previous Owner Damonte Secondo $850,000
Previous Owner Damonte Secondo Eugenio $100,000
Previous Owner Damonte Secondo Eugenio $765,000
Previous Owner Damonte Secondo E $70,000
Previous Owner Damonte Secondo E $618,000
Previous Owner Damonte Secondo E $588,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2014 07/18/14 Sold $2,475,000 -1.0% $399 / Sq Ft
06/19/2014 06/19/14 Pending -- -- --
06/03/2014 06/03/14 For Sale $2,500,000 -- $403 / 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 $34,989 $2,974,570 $2,133,280 $841,290
2024 $34,989 $2,916,246 $2,091,451 $824,795
2023 $34,435 $2,859,066 $2,050,443 $808,623
2022 $34,015 $2,803,007 $2,010,239 $792,768
2021 $33,172 $2,748,047 $1,970,823 $777,224
2019 $32,621 $2,666,540 $1,912,368 $754,172
2018 $30,662 $2,614,256 $1,874,871 $739,385
2016 $29,517 $2,512,743 $1,802,068 $710,675
2015 $29,139 $2,475,000 $1,775,000 $700,000
2014 $16,437 $1,358,617 $822,826 $535,791
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2014

    Dan Kolodziejski

    Clement Partners Real Estate

    Section Image
  • Shahla Atabaki

    Buyer's Agent in 2014

    Shahla Atabaki

    Beverly and Company, Inc.

    (310) 367-7336

    6 Total Sales

    Shahla Atabaki
    Section Image
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Map

Source: The MLS

MLS Number: 14-766659

The MLS

APN: 4284-016-013

California Los Angeles County Santa Monica 90405 Sunset Park

1037 Bay St Unit 2, Santa Monica, CA

This home is located at 1037 Bay St Unit 2, Santa Monica, CA 90405 since 03 June 2014 and is currently estimated at $4,378,556, approximately $705 per square foot. This property was built in 1987. 1037 Bay St Unit 2 is a home located in Los Angeles County with nearby schools including Will Rogers Elementary, John Adams Middle School, and Santa Monica High School.

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