NOT LISTED FOR SALE

1128 Bay St Santa Monica, CA 90405

Sunset Park Neighborhood

Estimated Value: $1,942,000 - $2,396,881

4 Beds
2 Baths
1,600 Sq Ft
$1,356/Sq Ft Est. Value

Last Sold March 19, 2018

Last sale price $1,703,500 $1,065 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $13,716/month

19 Days on Market

Highlights

  • 2 Car Attached Garage
  • Will Rogers Elementary Rated A
  • 1-Story Property

About This Home

As of March 2018

Proudly presenting this special opportunity to purchase an incredible income property on an enchanting tree-lined street in sensational Sunset Park. Pride of ownership is overflowing at this charming attached front/rear Santa Monica duplex - each warm, inviting unit has 2BR/1BA and features hardwood floors, character tile, and tons of natural light throughout (rear unit to be delivered vacant). Charming, private backyard perfect for entertaining with new cedar deck. A finished, detached garage with bathroom and loft would work perfectly as a home office/bonus area, not to mention rear alley access and adjacent off-street parking spaces. Property is zoned SMR2, which encourages tremendous potential for future development of new construction, multiple units, townhouses, or condos. Enjoy enviable proximity to Santa Monica College, Joslyn Dog Park, numerous cafes & restaurants. Best of all - mere minutes to the Viceroy, Shutters, and the beach. Walk score of 82 - a rare and wonderful gem!

Last Agent to Sell the Property

Katharine Deering

Nourmand & Associates-HW License #01934262 Listed on: 01/25/2018

Co-Listed By

John Kostrey

Nourmand & Associates-HW License #01729039

Last Buyer's Agent

Tamra Pardee

Pardee Properties License #01421451

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,765

Year Built

  • Built in 1944

Lot Details

  • 5,802 Sq Ft Lot

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 1,600 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 4284-018-007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,765

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1600
  • Stories: 1
  • Year Built: 1944
  • Number Of Photos: 35
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 2.00
  • Den: 0
  • Price Per S Q F T: 1061.88

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Garage - 2 Car, Garage Is Detached
  • Total Parking: 2

Lot Info

  • Assessed Improvement Value: 120098
  • Assessed Land Value: 1201045
  • Assessor Parcel Number: 4284-018-007
  • Geocode Override: No
  • Lot Size Area: 5802

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Total Annual Expense: 15335
  • Type Of Units: 2
  • Vacancy Rate: 50%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2018
Closed on
Mar 8, 2018
Sold by
Mirassou Colleen
Bought by
Young Roland Evan and Young Margot Ellen
Seller's Agent
Katharine Deering
Nourmand & Associates-HW
Buyer's Agent
Tamra Pardee
Pardee Properties
List Price
$1,699,000
Sold Price
$1,703,500
Premium/Discount to List
$4,500
0.26%
Current Estimated Value
$2,169,220

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$465,720
Avg. Annual Appreciation
3.30%
Original Mortgage
$1,040,000
Interest Rate
4.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 25, 2004
Sold by
Amer Cynthia Lynn
Bought by
Mirassou Colleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
4.69%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Nov 16, 2001
Sold by
Arreola Larry Michael and Arreola Carol
Bought by
Amer Cynthia Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
6.25%
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
Young Roland Evan $1,703,500 First American Title Company
Mirassou Colleen $1,100,000 Equity Title Company
Amer Cynthia Lynn $600,000 Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Young Roland Evan $1,000,000
Closed Young Roland Evan $1,040,000
Previous Owner Mirassou Colleen $607,000
Previous Owner Mirassou Colleen $600,000
Previous Owner Amer Cynthia Lynn $100,000
Previous Owner Amer Cynthia Lynn $480,000
Previous Owner Amer Cynthia Lynn $480,000
Previous Owner Amer Cynthia Lynn $480,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2018 03/19/18 Sold $1,703,500 +0.3% $1,065 / Sq Ft
01/25/2018 01/25/18 For Sale $1,699,000 -- $1,062 / 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 $22,765 $1,938,286 $1,820,524 $117,762
2024 $22,765 $1,900,281 $1,784,828 $115,453
2023 $22,400 $1,863,022 $1,749,832 $113,190
2022 $22,123 $1,826,493 $1,715,522 $110,971
2021 $21,582 $1,790,681 $1,681,885 $108,796
2019 $21,220 $1,737,570 $1,632,000 $105,570
2018 $15,913 $1,347,564 $1,225,065 $122,499
2016 $15,335 $1,295,240 $1,177,496 $117,744
2015 $15,136 $1,275,785 $1,159,809 $115,976
2014 $14,925 $1,250,795 $1,137,090 $113,705
Source: Public Records

Agents Affiliated with this Home

  • Katharine Deering

    Seller's Agent in 2018

    Katharine Deering

    Nourmand & Associates-HW

    (310) 382-4908

    37 Total Sales

    Katharine Deering
    Section Image
  • John Kostrey

    Seller Co-Listing Agent in 2018

    John Kostrey

    Nourmand & Associates-HW

    (323) 462-6262

    177 Total Sales

    John Kostrey
    Section Image
  • Tamra Pardee

    Buyer's Agent in 2018

    Tamra Pardee

    Pardee Properties

    (310) 907-6517

    31 in this area

    938 Total Sales

    Tamra Pardee
    Section Image
  • Adam Seid

    Buyer Co-Listing Agent in 2018

    Adam Seid

    Pardee Properties

    (323) 807-4755

    2 in this area

    69 Total Sales

    Adam Seid
    Section Image
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Map

Source: The MLS

MLS Number: 18-307190

The MLS

APN: 4284-018-007

California Los Angeles County Santa Monica 90405 Sunset Park

1128 Bay St, Santa Monica, CA

This home is located at 1128 Bay St, Santa Monica, CA 90405 since 25 January 2018 and is currently estimated at $2,169,220, approximately $1,355 per square foot. This property was built in 1944. 1128 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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