NOT LISTED FOR SALE

1107 Ocean Park Blvd Santa Monica, CA 90405

Sunset Park Neighborhood

Estimated Value: $2,294,000 - $2,474,000

8 Beds
4 Baths
3,464 Sq Ft
$691/Sq Ft Est. Value

Last Sold September 10, 2018

Last sale price $2,150,000 $621 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $15,418/month

34 Days on Market

Highlights

  • 10 Car Attached Garage
  • Will Rogers Elementary Rated A
  • Guest Parking

About This Home

As of September 2018

Incredible opportunity to own this fantastic 4-plex in the heart of Santa Monica just 12 blocks from the beach. Centrally located near shops, hotels & restaurants, the popular Venice Beach area and the Santa Monica Pier, freeways & mass transportation. This classic 1940's 4-plex with all 2 bedroom 1 bath units has been thoughtfully remodeled in 2016 with all new dual pane window, some units with remodeled kitchens & baths & repainted inside & out with hardwood & Pergo floors, spacious kitchens, center hallway and the front unit with a large private outdoor garden with lawn and barbecue area. Projected rents are showing increase as of September 1, 2018, great upside potential and the perfect opportunity for an owner user to live almost for free or just purchase this great property, sit back and collect the rents.

Last Agent to Sell the Property

Christophe Choo

Coldwell Banker Realty License #01027350 Listed on: 07/24/2018

Coldwell Banker Realty

Last Buyer's Agent

Shirin Talai Shahir

License #01720782

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,414

Year Built

  • Built in 1944

Lot Details

  • 7,258

Home Design

  • Quadruplex

Interior Spaces

  • 3,464 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 10 Car Attached Garage
  • Driveway
  • Guest Parking

Additional Features

  • 7,258 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Assessor Parcel Number 4284-024-002

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,414

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 3464
  • Probate: No
  • Stories: 2
  • Year Built: 1944
  • Number Of Photos: 22
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Range/Oven, Refrigerator
  • Price Per S Q F T: 627.89

Exterior Features

  • Tennis Court Y/N: No
  • Construction: Stucco
  • Pool: No

Garage/Parking

  • Covered Parking: 4
  • Parking Garage: Driveway, Garage - 4+ Car, Garage Is Detached, Parking for Guests - Onsite, Parking Space
  • Total Parking: 10

Utilities

  • Heating: Wall Gas

Fee Information

  • Insurance Expense: 1261.00
  • Other Expense: 1678.00

Lot Info

  • Assessed Improvement Value: 503827
  • Assessed Land Value: 1175599
  • Assessor Parcel Number: 4284-024-002
  • Geocode Override: No
  • Lot Size Area: 7258

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 15.65
  • Number Of Units: 4
  • Rent Control: 100
  • Total Annual Expense: 29932
  • Type Of Units: 4 plex
  • Vacancy Rate: 0

Tax Info

  • Tax Expense: 19957.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 25, 2019
Sold by
Salarkia Mahmoud
Bought by
Mahmoud Salarkia Living Trust
Current Estimated Value
$2,395,104

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$815,000
Outstanding Balance
$719,416
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$1,675,688

Purchase Details

Closed on
Mar 15, 2019
Sold by
Salarkia Mahmoud and The Mahoud Salarkia Living Tru
Bought by
Salarkia Mahmoud

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$815,000
Outstanding Balance
$719,416
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$1,675,688

Purchase Details

Listed on
Jul 24, 2018
Closed on
Sep 28, 2018
Sold by
2632 Lincoln Blvd Lp
Bought by
Salarkia Mahmoud and The Mahmoud Salarkia Living Tr
Seller's Agent
Christophe Choo
Coldwell Banker Realty
Buyer's Agent
Shirin Talai Shahir
List Price
$2,175,000
Sold Price
$2,150,000
Premium/Discount to List
-$25,000
-1.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.57%
Original Mortgage
$800,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jul 24, 2018
Closed on
Sep 4, 2018
Sold by
Moliterni Vincenzo and Moliterni Nadia Lara
Bought by
2632 Lincoln Blvd Lp
Seller's Agent
Christophe Choo
Coldwell Banker Realty
Buyer's Agent
Shirin Talai Shahir
List Price
$2,175,000
Sold Price
$2,150,000
Premium/Discount to List
-$25,000
-1.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jul 12, 2013
Closed on
Jul 24, 2013
Sold by
Lee Charles Hong and Observatory Investments Llc
Bought by
Moliterni Vincenzo and Moliterni Nadia Lara
Seller's Agent
Patricia Wallace
Berkshire Hathaway Home Servic
List Price
$1,590,000
Sold Price
$1,590,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.17%
Original Mortgage
$795,000
Interest Rate
4.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 6, 2013
Sold by
Lee Charles Hong
Bought by
Lee Charles Hong and Observatory Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,015,000
Interest Rate
3.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 30, 2013
Sold by
Lee Charles Hong and Observatory Investments Llc
Bought by
Lee Charles Hong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,015,000
Interest Rate
3.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 26, 2012
Sold by
Garcia Victor
Bought by
Observatory Investments Llc

Purchase Details

Closed on
Apr 28, 2006
Sold by
Lee Charles Hong and Garcia Victor A
Bought by
Lee Charles Hong and Garcia Victor A

Purchase Details

Closed on
Dec 22, 2005
Sold by
Baruiz Maristela
Bought by
Garcia Victor A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$980,000
Interest Rate
1.5%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Dec 21, 2005
Sold by
Lee Charles Hong and Observatory Investments Llc
Bought by
Lee Charles Hong and Garcia Victor A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$980,000
Interest Rate
1.5%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Oct 19, 2005
Sold by
Garcia Victor A
Bought by
Observatory Investments Llc

Purchase Details

Closed on
Apr 8, 2005
Sold by
Wu Rosanne Wong and Wong Rosanne
Bought by
Lee Charles Hong and Garcia Victor A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$880,000
Interest Rate
6.5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 25, 2003
Sold by
Wu Patrick Anthony
Bought by
Wong Rosanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.22%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Mahmoud Salarkia Living Trust -- Accommodation
Salarkia Mahmoud -- Stewart Title
Salarkia Mahmoud -- Accommodation
2632 Lincoln Blvd Lp $2,150,000 Equity Title Los Angeles
Moliterni Vincenzo $1,590,000 California Title Company
Lee Charles Hong -- None Available
Lee Charles Hong -- Accommodation
Observatory Investments Llc -- None Available
Lee Charles Hong -- None Available
Garcia Victor A -- Southland Title
Lee Charles Hong -- Southland Title
Observatory Investments Llc -- --
Lee Charles Hong $1,100,000 Equity Title Company
Wong Rosanne -- Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Salarkia Mahmoud $815,000
Closed 2632 Lincoln Blvd Lp $800,000
Previous Owner Moliterni Vincenzo $795,000
Previous Owner Lee Charles Hong $1,015,000
Previous Owner Garcia Victor A $980,000
Previous Owner Lee Charles Hong $980,000
Previous Owner Lee Charles Hong $880,000
Previous Owner Wong Rosanne $405,000
Previous Owner Wong Rosanne $300,000
Previous Owner Wu Patrick Anthony $200,000
Closed Lee Charles Hong $110,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2018 09/10/18 Sold $2,150,000 -1.1% $621 / Sq Ft
07/24/2018 07/24/18 For Sale $2,175,000 +36.8% $628 / Sq Ft
08/26/2013 08/26/13 Sold $1,590,000 0.0% $459 / Sq Ft
08/26/2013 08/26/13 Pending -- -- --
07/12/2013 07/12/13 For Sale $1,590,000 -- $459 / 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 $28,414 $2,398,361 $1,784,828 $613,533
2024 $28,414 $2,351,335 $1,749,832 $601,503
2023 $27,961 $2,305,231 $1,715,522 $589,709
2022 $27,616 $2,260,032 $1,681,885 $578,147
2021 $26,935 $2,215,718 $1,648,907 $566,811
2020 $26,752 $2,193,320 $1,632,000 $561,320
2019 $26,485 $2,150,320 $1,600,000 $550,320
2018 $20,380 $1,713,333 $1,199,110 $514,223
2016 $19,625 $1,646,498 $1,152,549 $493,949
2015 $19,371 $1,621,767 $1,135,237 $486,530
2014 $19,114 $1,590,000 $1,113,000 $477,000
Source: Public Records

Agents Affiliated with this Home

  • Christophe Choo

    Seller's Agent in 2018

    Christophe Choo

    Coldwell Banker Realty

    (310) 777-6273

    25 Total Sales

    Section Image

  • S

    Buyer's Agent in 2018

    Shirin Talai Shahir

  • P

    Seller's Agent in 2013

    Patricia Wallace

    Berkshire Hathaway Home Servic

    Section Image
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Map

Source: The MLS

MLS Number: 18-369022

The MLS

APN: 4284-024-002

California Los Angeles County Santa Monica 90405 Sunset Park

1107 Ocean Park Blvd, Santa Monica, CA

This home is located at 1107 Ocean Park Blvd, Santa Monica, CA 90405 since 24 July 2018 and is currently estimated at $2,395,104, approximately $691 per square foot. This property was built in 1944. 1107 Ocean Park Blvd is a home located in Los Angeles County with nearby schools including Will Rogers Elementary, John Adams Middle School, and Santa Monica High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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