NOT LISTED FOR SALE

Estimated Value: $2,570,000 - $3,613,075

4 Beds
2 Baths
1,800 Sq Ft
$1,659/Sq Ft Est. Value

Last Sold December 03, 2021

Last sale price $2,350,000 $1,306 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $18,696/month

56 Days on Market

Highlights

  • Craftsman Architecture
  • Franklin Elementary School Rated A+
  • 1-Story Property

About This Home

As of December 2021

DO NOT DISTURB TENANTS!!! Incredible opportunity to own North of Wilshire in Santa Monica. Two free standing beautiful craftsman style homes each with with their own yard. Each home is 2 bedrooms and one bath all located on one large 8,000 sq foot lot per assessor records. Large garage for storage. One unit is vacant. Great opportunity to live in one and rent the other, rent both homes or buyer to investigate development.

Last Agent to Sell the Property

Jesika Miller

Power Brokers License #01226097 Listed on: 09/20/2021

Last Buyer's Agent

Sina Aryeh

Coldwell Banker Realty License #02068241

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $29,111

Year Built

  • Built in 1923

Lot Details

  • 8,000

Home Design

  • Duplex
  • Craftsman Architecture

Interior Spaces

  • 1,800 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 3 Parking Spaces
  • Driveway

Additional Features

  • 8,000 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 4276-009-005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$29,111

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Craftsman
  • Street Number Display: Yes
  • Living Area: 1800
  • Lot Acreage: 0.1836
  • Stories: 1
  • Year Built: 1923
  • Number Of Photos: 13
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 2.00
  • Price Per S Q F T: 1386.11

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 3

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 11.89
  • Assessed Improvement Value: 19699
  • Assessed Land Percent: 88.11
  • Assessed Land Value: 145919
  • Total Assessed Value: 165618
  • Assessor Parcel Number: 4276-009-005
  • Lot Size Area: 8000

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Total Annual Expense: 0
  • Type Of Units: duplex
  • Vacancy Rate: front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2021
Closed on
Nov 22, 2021
Sold by
Jennings Karl A and Wang Xiao Ying
Bought by
Santa Monica 90403 Inc
Seller's Agent
Jesika Miller
Power Brokers
Buyer's Agent
Sina Aryeh
Coldwell Banker Realty
List Price
$2,995,000
Sold Price
$2,350,000
Premium/Discount to List
-$645,000
-21.54%
Current Estimated Value
$2,986,019

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$636,019
Avg. Annual Appreciation
5.94%

Purchase Details

Closed on
Aug 19, 2011
Sold by
Jennings Karl A
Bought by
Jennings Karl A and Wang Xiao Ying

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 13, 2010
Sold by
Jennings Karl A and The Jennings Family Trust
Bought by
Jennings Karl A

Purchase Details

Closed on
Jan 11, 2005
Sold by
Jennings Karl A and Estate Of Robert & Hazel Jenni
Bought by
Jennings Karl A and The Jennings Family Trust

Purchase Details

Closed on
Mar 26, 1997
Sold by
Jennings Robert F and Jennings Hazel M
Bought by
Jennings Robert F and Jennings Hazel M
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
Santa Monica 90403 Inc $2,350,000 Fidelity National Title Co
Jennings Karl A -- Lawyers Title Company
Jennings Karl A -- None Available
Jennings Karl A -- --
Jennings Robert F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Santa Monica 90403 Inc $1,200,000
Previous Owner Jennings Karl A $398,000
Previous Owner Jennings Karl A $417,000
Previous Owner Jennings Karl A $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/03/2021 12/03/21 Sold $2,350,000 -5.8% $1,306 / Sq Ft
11/15/2021 11/15/21 Pending -- -- --
11/10/2021 11/10/21 Price Changed $2,495,000 -3.9% $1,386 / Sq Ft
11/03/2021 11/03/21 Price Changed $2,595,000 -13.4% $1,442 / Sq Ft
09/20/2021 09/20/21 For Sale $2,995,000 -- $1,664 / 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 $29,111 $2,493,838 $1,745,687 $748,151
2024 $29,111 $2,444,940 $1,711,458 $733,482
2023 $28,645 $2,397,000 $1,677,900 $719,100
2022 $28,294 $2,350,000 $1,645,000 $705,000
2021 $2,694 $167,333 $147,430 $19,903
2020 $2,672 $165,618 $145,919 $19,699
2019 $2,634 $162,371 $143,058 $19,313
2018 $2,460 $159,188 $140,253 $18,935
2016 $2,340 $153,007 $134,807 $18,200
2015 $2,304 $150,710 $132,783 $17,927
2014 $2,296 $147,758 $130,182 $17,576
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-786020

The MLS

APN: 4276-009-005