NOT LISTED FOR SALE

1118 Bay St Santa Monica, CA 90405

Sunset Park Neighborhood

Estimated Value: $1,954,000 - $3,385,000

6 Beds
4 Baths
2,525 Sq Ft
$1,051/Sq Ft Est. Value

Last Sold October 19, 2012

Last sale price $1,280,000 $507 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $15,678/month

39 Days on Market

Highlights

  • Bungalow
  • Central Heating
  • 4 Car Garage
  • Will Rogers Elementary Rated A

About This Home

As of October 2012

Beautifully landscaped sunny triplex in Sunset Park. The front California bungalow style duplex units are bright, sun flooded and have original hardwood floors. The 2BR/1BA units come with a great floor plan and each has its own private patio.The detached 2nd story newer 2BR/2BA back unit has high ceilings, open floor plan and a view balcony. Beautifully landscaped frontyard, private backyard and patios. Two 2-car garages and on-site laundry room. The middle unit is owner occupied and will be delivered vacant at Close of Escrow. Estimated rent is $2,300. Below market rents and current low interest rates make this property very attractive for an owner occupant or investor. Located on a sunny hill, catch the Ocean breeze. Less than a mile to the beach on quiet Bay St. This is one of those rare Sunset Park Triplex properties!

Last Agent to Sell the Property

Edward Peter Stocker

Estate Properties License #01840266 Listed on: 07/19/2012

Last Buyer's Agent

Dustin Nicholas

Nicholas Property Group License #01385049

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,869

Year Built

  • Built in 1944

Lot Details

  • 5,785 Sq Ft Lot

Parking

  • 4 Car Garage

Home Design

  • 2,525 Sq Ft Home
  • Triplex
  • Bungalow

Kitchen

  • Oven or Range
  • Dishwasher

Laundry

  • Dryer
  • Washer

Utilities

  • Central Heating
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for gardener, water
  • Assessor Parcel Number 4284-018-009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,869

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: California Bungalow
  • Street Number Display: Yes
  • Living Area: 2525
  • Year Built: 1944
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Equipment: Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 512.87

Exterior Features

  • Pool: No

Garage/Parking

  • Covered Parking: 4
  • Parking Garage: Garage
  • Total Parking: 4

Utilities

  • Heating: Central, Wall

Lot Info

  • Assessed Improvement Value: 191046
  • Assessed Land Value: 791331
  • Assessor Parcel Number: 4284-018-009
  • Lot Size Area: 5785

Rental Info

  • Owner Pays: Gardener, Water
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 16.00
  • Number Of Units: 3
  • Rent Control: 0
  • Total Annual Expense: 0
  • Type Of Units: Triplex
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2012
Closed on
Oct 5, 2012
Sold by
Stocker Edward and Ito Yumi
Bought by
Dixon Matthew and Dixon Sonia
Seller's Agent
Edward Peter Stocker
Estate Properties
Buyer's Agent
Dustin Nicholas
Nicholas Property Group
List Price
$1,295,000
Sold Price
$1,280,000
Premium/Discount to List
-$15,000
-1.16%
Current Estimated Value
$2,576,292

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,296,292
Avg. Annual Appreciation
5.85%
Original Mortgage
$645,300
Outstanding Balance
$450,233
Interest Rate
3.52%
Mortgage Type
New Conventional
Estimated Equity
$2,203,345

Purchase Details

Closed on
Sep 16, 2002
Sold by
Hunter Whitney R
Bought by
Stocker Edward Peter and Itoh Yumi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
5.87%
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
Dixon Matthew $1,280,000 Progressive Title
Stocker Edward Peter $869,000 Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dixon Matthew $645,300
Previous Owner Stocker Edward Peter $888,750
Previous Owner Stocker Edward Peter $118,500
Previous Owner Stocker Edward Peter $250,000
Previous Owner Stocker Edward Peter $50,000
Previous Owner Itoh Yumi $650,000
Previous Owner Stocker Edward Peter $650,000
Previous Owner Hunter Whitney R $100,000
Previous Owner Hunter Whitney R $290,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/19/2012 10/19/12 Sold $1,280,000 -1.2% $507 / Sq Ft
08/27/2012 08/27/12 Pending -- -- --
07/19/2012 07/19/12 For Sale $1,295,000 -- $513 / 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 $18,869 $1,576,216 $1,354,565 $221,651
2024 $18,869 $1,545,310 $1,328,005 $217,305
2023 $18,567 $1,515,011 $1,301,966 $213,045
2022 $18,332 $1,485,306 $1,276,438 $208,868
2021 $17,870 $1,456,183 $1,251,410 $204,773
2020 $17,748 $1,441,253 $1,238,579 $202,674
2019 $17,568 $1,412,994 $1,214,294 $198,700
2018 $16,488 $1,385,289 $1,190,485 $194,804
2016 $15,863 $1,331,499 $1,144,258 $187,241
2015 $15,657 $1,311,500 $1,127,071 $184,429
2014 $15,447 $1,285,811 $1,104,994 $180,817
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2012

    Edward Peter Stocker

    RE/MAX

  • Dustin Nicholas

    Buyer's Agent in 2012

    Dustin Nicholas

    Nicholas Property Group

    (310) 770-1847

    42 Total Sales

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Map

Source: The MLS

MLS Number: 12-613887

The MLS

APN: 4284-018-009

California Los Angeles County Santa Monica 90405 Sunset Park

1118 Bay St, Santa Monica, CA

This home is located at 1118 Bay St, Santa Monica, CA 90405 since 19 July 2012 and is currently estimated at $2,653,578, approximately $1,050 per square foot. This property was built in 1944. 1118 Bay St 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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