NOT LISTED FOR SALE

1044 Ocean Park Blvd Unit C Santa Monica, CA 90405

Sunset Park Neighborhood

Estimated Value: $1,777,683 - $2,529,000

3 Beds
3 Baths
2,072 Sq Ft
$1,040/Sq Ft Est. Value

Last Sold March 12, 2019

Last sale price $1,450,000 $700 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $13,555/month

94 Days on Market

Highlights

  • Hot Water Circulator
  • Will Rogers Elementary Rated A
  • 1-Story Property

About This Home

As of March 2019

Charming three (3) unit building in Santa Monica's Sunset Park neighborhood. Excellent owner user property with one (1) unit vacant at the close of escrow. Enormous 8,347 square foot lot prime for development.

Last Agent to Sell the Property

Arthur Peter

PAR Commercial Brokerage License #01068613 Listed on: 11/20/2018

Last Buyer's Agent

Chad Barnes

Coldwell Banker Realty License #01926367

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,494

Year Built

  • Built in 1940

Lot Details

  • 8,348

Interior Spaces

  • 2,072 Sq Ft Home
  • 1-Story Property

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 4 Parking Spaces
  • Covered Parking

Additional Features

  • 8,348 Sq Ft Lot
  • Hot Water Circulator

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 4285-001-025

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,494

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2072
  • Stories: 1
  • Year Built: 1940
  • Number Of Photos: 14
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 3
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Washer
  • Price Per S Q F T: 784.27

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Covered Parking
  • Total Parking: 4

Utilities

  • Heating: Hot Water Circulator

Lot Info

  • Assessed Improvement Value: 49390
  • Assessed Land Value: 159579
  • Assessor Parcel Number: 4285-001-025
  • Geocode Override: No
  • Lot Size Area: 8348

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 27.08
  • Number Of Units: 3
  • Total Annual Expense: 25298
  • Type Of Units: 1BED/1BATH
  • Vacancy Rate: 33

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2018
Closed on
Feb 28, 2019
Sold by
Benegas Leo L and The Ulysses And Haydee Saridis
Bought by
Amanat Ameen Morad
Seller's Agent
Arthur Peter
PAR Commercial Brokerage
Buyer's Agent
Chad Barnes
Coldwell Banker Realty
List Price
$1,625,000
Sold Price
$1,450,000
Premium/Discount to List
-$175,000
-10.77%
Total Days on Market
94
Current Estimated Value
$2,153,921

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$703,921
Avg. Annual Appreciation
6.89%
Original Mortgage
$942,500
Outstanding Balance
$819,406
Interest Rate
3.35%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,396,083

Purchase Details

Closed on
Aug 19, 1995
Sold by
Saridis Ulysses and Saridis Haydee J
Bought by
Saridis Ulysses and Saridis Haydee J
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
Amanat Ameen Morad $1,450,000 Usa National Title Co
Saridis Ulysses -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Amanat Ameen Morad $942,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2019 03/12/19 Sold $1,450,000 -10.8% $700 / Sq Ft
02/22/2019 02/22/19 Pending -- -- --
11/20/2018 11/20/18 For Sale $1,625,000 -- $784 / 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
2024 $19,494 $1,585,784 $1,093,645 $492,139
2023 $19,183 $1,554,691 $1,072,201 $482,490
2022 $18,939 $1,524,208 $1,051,178 $473,030
2021 $18,465 $1,494,322 $1,030,567 $463,755
2019 $3,544 $217,409 $166,025 $51,384
2018 $3,232 $213,147 $162,770 $50,377
2016 $3,081 $204,872 $156,450 $48,422
2015 $3,036 $201,795 $154,100 $47,695
2014 $3,026 $197,843 $151,082 $46,761
Source: Public Records

Agents Affiliated with this Home

  • Arthur Peter

    Seller's Agent in 2019

    Arthur Peter

    PAR Commercial Brokerage

    (310) 395-2663

    2 Total Sales

    Arthur Peter
    Section Image
  • Chad Barnes

    Buyer's Agent in 2019

    Chad Barnes

    Coldwell Banker Realty

    (310) 897-2423

    3 Total Sales

    Chad Barnes
    Section Image
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Map

Source: The MLS

MLS Number: 18-409774

The MLS

APN: 4285-001-025

California Los Angeles County Santa Monica 90405 Sunset Park

1044 Ocean Park Blvd Unit C, Santa Monica, CA

This home is located at 1044 Ocean Park Blvd Unit C, Santa Monica, CA 90405 since 20 November 2018 and is currently estimated at $2,153,921, approximately $1,039 per square foot. This property was built in 1940. 1044 Ocean Park Blvd Unit C 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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