NOT LISTED FOR SALE
9 Beds
7 Baths
5,500 Sq Ft
7,496 Sq Ft Lot

Sale Details

Date Sold: March 8, 2013

Last sale price $1,686,750 $307 Per Sq Ft

305 Days on Market

Highlights

  • Gated Parking
  • Traditional Architecture
  • Central Heating
  • Franklin Elementary School Rated A+

About This Home

As of March 2013

Nicely maintained six unit apartment building located North of Wilshire Blvd in the heart of Santa Monica. Unique opportunity to purchase an Owner/User building consisting of (1) 2 bedroom + 2 baths front owner's unit, (2) 2 bedroom + 1 bath, and (3) 1 bedroom + 1 bath units. Approx. 30 % upside rent potential. The property has 4 carport parking spaces in the front of the building and 4 private garages accessed from the alley. Located in the Franklin School District. Property subject to City of Santa Monica rent control. Inside with accepted offer only. Buyer to independently verify all square footage and property details.

Last Agent to Sell the Property

David Schuchman

Roque & Mark Company, Inc. License #01472937 Listed on: 03/29/2012

Last Buyer's Agent

kathy Golshani

Pacific Paradise Realty License #01273636

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 7,496 Sq Ft Lot
  • Lot Dimensions are 50x150

Parking

  • 4 Car Garage
  • 4 Carport Spaces
  • Gated Parking

Home Design

  • Traditional Architecture
  • Composition Roof

Interior Spaces

  • 5,500 Sq Ft Home
  • 2-Story Property

Utilities

  • Central Heating
  • Sewer in Street

Community Details

  • 6 Units
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 4276-010-015

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

7,496 Sq Ft Lot

Parking

4

Listing Details

  • Property Type: Residential Income
  • Style: Traditional
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 5500
  • Lot Dimensions: 50x150
  • Stories: 2
  • Year Built: 1955
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per S Q F T: 354.55

Exterior Features

  • Tennis Court Y/N: No
  • Construction: Stucco
  • Pool: No
  • Roof: Composition
  • Spa Yn: No
  • View: No

Garage/Parking

  • Carport Spaces: 4
  • Garage Spaces: 4
  • Covered Parking: 8
  • Parking Garage: Carport, Gated
  • Total Parking: 8

Utilities

  • Heating: Central
  • Sewer: In Street

Lot Info

  • Assessor Parcel Number: 4276-010-015
  • Lot Size Area: 7496

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Gross Rent Multiplier: 20.52
  • Number Of Units: 6
  • Rent Control: 100
  • Type Of Units: apartment

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2012
Closed on
Apr 27, 2013
Sold by
Bought by
Seller's Agent
David Schuchman
Roque & Mark Company, Inc.
Buyer's Agent
kathy Golshani
Pacific Paradise Realty
List Price
$1,950,000
Sold Price
$1,686,750
Premium/Discount to List
-$263,250
-13.5%

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
3.4%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Mar 29, 2012
Closed on
Mar 5, 2013
Sold by
Bought by
Seller's Agent
David Schuchman
Roque & Mark Company, Inc.
Buyer's Agent
kathy Golshani
Pacific Paradise Realty
List Price
$1,950,000
Sold Price
$1,686,750
Premium/Discount to List
-$263,250
-13.5%

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
3.4%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 7, 2009
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
$1,687,016 Fidelity Van Nuys
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $985,000
Closed $650,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/08/2013 03/08/13 Sold $1,686,750 -13.5% $307 / Sq Ft
01/28/2013 01/28/13 Pending -- -- --
03/29/2012 03/29/12 For Sale $1,950,000 -- $355 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $26,799 $2,109,068 $1,475,443 $633,625
2025 $26,799 $2,067,714 $1,446,513 $621,201
2024 $25,165 $2,027,171 $1,418,150 $609,021
2023 $24,773 $1,987,424 $1,390,344 $597,080
2022 $24,469 $1,948,456 $1,363,083 $585,373
2021 $23,857 $1,910,252 $1,336,356 $573,896
2019 $23,463 $1,853,925 $1,296,720 $557,205
2018 $22,027 $1,817,581 $1,271,295 $546,286
2016 $21,195 $1,746,686 $1,221,930 $524,756
2015 $20,925 $1,720,450 $1,203,576 $516,874
2014 $20,665 $1,686,750 $1,180,000 $506,750
Source: Public Records

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Map

Source: The MLS

MLS Number: 12-591129

The MLS
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