NOT LISTED FOR SALE

Estimated Value: $1,891,000 - $3,581,000

3 Beds
3 Baths
2,073 Sq Ft
$769/mo HOA Fee

Last Sold March 01, 2023

Last sale price $3,200,000 $1,544 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $20,692/month

70 Days on Market

Highlights

  • Ocean View
  • Unit is on the top floor
  • In Ground Pool
  • Roosevelt Elementary School Rated A+
  • Penthouse
  • 1-minute walk to Santa Monica Mountains National Recreation Area Visitor Center

About This Home

As of March 2023

Embrace elevated downtown Santa Monica living with this chic three-bedroom, three-bath top-floor penthouse condominium that combines city and with ocean views with artful, spacious modern interiors and bountiful amenities. Located blocks from Palisades Park, the beach, and the Third Street Promenade's popular shops and restaurants, this 2,073-square-foot residence was recently renovated by architect Janek Dombrowa and boasts a number of sleek design features. Inside, find white oak hardwood floors, walls of windows framing the city, treetop views, and three private balconies. Three large skylights further illuminate the home. The sunlit living room centers around a stone-clad fireplace and opens to a gorgeous chef's kitchen with Caesarstone countertops, a blue-gray onyx marble island, a Wolf range, self-closing double ovens, a Sub-Zero refrigerator with custom finishes, and a Bosch dishwasher. All bathrooms feature a large custom shower with stainless glass enclosures and ceramic tiling. The primary suite is a spa-like refuge, complete with a standalone shower, dual sinks, and slab stone countertops. Set within a secured community, 1133 5th Street #503 enjoys access to an onsite pool and spa, a clubhouse, a conference room, and an elevator. Additional features include two assigned covered and secured parking spaces. Bright, contemporary coastal living awaits in this stylish penthouse retreat.

Last Agent to Sell the Property

Keri White

Element RE, Inc License #01491049 Listed on: 11/21/2022

Last Buyer's Agent

Richard Schulman

Keller Williams Los Angeles License #01427211

Keller Williams Los Angeles

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $38,344

Year Built

  • Built in 1985 | Remodeled

Lot Details

  • Gated Home
  • Split Rail Fence
  • Brick Fence
  • Sprinkler System

HOA Fees

  • $769 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Side by Side Parking
  • Gated Parking
  • Assigned Parking

Property Views

  • Ocean
  • Coastline
  • Bay
  • Catalina
  • City Lights
  • Peek-A-Boo
  • Pool

Home Design

  • Penthouse
  • Entry on the 5th floor
  • Turnkey
  • Combination Foundation

Interior Spaces

  • 2,073 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Built-In Features
  • Recessed Lighting
  • Gas Fireplace
  • Custom Window Coverings
  • Entryway
  • Great Room
  • Living Room with Fireplace
  • Dining Room
  • Storage
  • Security Lights

Kitchen

  • Gourmet Kitchen
  • Breakfast Area or Nook
  • Open to Family Room
  • Double Oven
  • Gas Cooktop
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Marble Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Retreat
  • Primary Bedroom Suite
  • Remodeled Bathroom
  • 3 Full Bathrooms
  • Double Vanity
  • Shower Only

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Spa

Outdoor Features

  • Living Room Balcony
  • Open Patio

Location

  • Unit is on the top floor

Utilities

  • Central Heating and Cooling System
  • Property is located within a water district
  • Sewer in Street
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 4292-012-046

Community Details

Overview

  • Association fees include earthquake insurance, building and grounds
  • 16 Units

Amenities

  • Clubhouse
  • Meeting Room
  • Lobby
  • Community Mailbox
  • Community Storage Space
  • Elevator

Recreation

  • Community Pool
  • Community Spa

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Resident Manager or Management On Site
  • Controlled Access
  • Gated Community
  • Carbon Monoxide Detectors
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$38,344

Year Built

Built in 1985 | Remodeled

Lot Details

0

HOA Fees

$769 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Architectural
  • Levels: Top Level
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Complex Name: Palm Tower
  • Entry Floor: 5
  • Entry Location: Penthouse
  • Exclusions: Furniture is available and negotiable per seller-approved inventory.
  • Living Area: 2073
  • Lot Acreage: 0.3443
  • Planned Urban Dev: 0
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 1
  • Unit Floor In Building: 5
  • Year Built: 1985
  • Number Of Photos: 44
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Open Floor Plan, Turnkey, Built-Ins, Recessed Lighting, Storage Space
  • Fireplace Rooms: Gas, Living Room
  • Flooring: Wood, Tile
  • Appliances: Built-Ins, Double Oven, Cooktop - Gas, Microwave, Oven
  • Bedrooms: 3
  • Fireplaces: 1
  • Full Bathroom: 3
  • Half Bathroom: 0
  • Bedroom Features: Main Floor Bedroom, Master Suite, Master Retreat
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Bathroom Features: Remodeled, Double Vanity(s), Shower Stall
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 0
  • Eating Areas: Breakfast Area, Breakfast Nook, Dining Area, In Kitchen, Kitchen Island
  • Kitchen Features: Remodeled, Marble Counters, Gourmet Kitchen, Island, Open to Family Room
  • Laundry: In Unit, Laundry Area, In Closet
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Built-Ins, Cable, Dishwasher, Dryer, Elevator, Freezer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Satellite, Washer, Hood Fan
  • Fireplace: Yes
  • Price Per S Q F T: 1543.66
  • Windows: Custom Window Covering

Exterior Features

  • Balcony: 3 private
  • Other Features: Balcony
  • Tennis Court Y/N: No
  • Foundation Details: Combination
  • Fence: Split Rail, Brick
  • Patio: Balcony, Living Room Balcony, Patio Open
  • Pool Description: Community
  • Pool: Yes
  • Spa: Community
  • Spa Yn: Yes
  • View: Bay, Catalina, City, City Lights, Coastline, Ocean, Peek-A-Boo, Pool
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Garage - 2 Car, Side By Side, Assigned, Gated Underground
  • Total Parking: 2

Utilities

  • Cooling: Air Conditioning, Central
  • Earth Quake Ins: 1
  • Heating: Central
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Gated, Exterior Security Lights
  • Sewer: In Street
  • Water: District

Association/Amenities

  • Community Features: Community Mailbox
  • Amenities: Assoc Pet Rules, Clubhouse, Conference, Controlled Access, Elevator, Pool, Spa, Gated Community, Extra Storage, Gated Parking, Meeting Room, Onsite Property Management
  • Pet Rules: Call

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • Association Fees Include: Earthquake Insurance, Building and Grounds
  • High Rise: Controlled Access, Entrance Lobby
  • HOA Fees: 769.00
  • HOA: Yes

Lot Info

  • Special Zoning: Coastal Commission
  • Sprinklers: Sprinkler System
  • Horses: No
  • Assessor Parcel Number: 4292-012-046
  • Lot Description: Gated Community, Resident Manager, Exterior Security Lights
  • Lot Size Area: 14996

Rental Info

  • Furnished: Furnished Or Unfurnished
  • Land Lease Purchase Yn: No

Multi Family

  • Number Of Units: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2022
Closed on
Jan 27, 2023
Sold by
Santo Llc
Bought by
Brush David and Brush Karen
Seller's Agent
Keri White
Element RE, Inc
Buyer's Agent
Richard Schulman
Keller Williams Los Angeles
List Price
$3,200,000
Sold Price
$3,200,000
Views
63
Current Estimated Value
$3,093,980

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$106,020
Avg. Annual Appreciation
-0.87%

Purchase Details

Listed on
Oct 10, 2016
Closed on
Jan 26, 2017
Sold by
Liberty Michael A
Bought by
Santo Llc
Seller's Agent
Solo Scott
Compass
Buyer's Agent
Keri White
Element RE, Inc
List Price
$2,595,000
Sold Price
$2,537,500
Premium/Discount to List
-$57,500
-2.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.94%

Purchase Details

Listed on
Apr 11, 2016
Closed on
Jul 26, 2016
Sold by
Hawk Dennis J
Bought by
Liberty Michael A and Turner David
Seller's Agent
Solo Scott
Compass
Buyer's Agent
Naia Waters
Berkshire Hathaway HomeServices California Properties
Sold Price
$10,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,332,500
Interest Rate
3.56%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 26, 2014
Closed on
Nov 18, 2014
Sold by
Etemad Amini Ashraf Abrishami
Bought by
Hawk Dennis J and The 1133 Lam House Trust
Seller's Agent
Sue Amini
Keller Williams Los Angeles
Buyer's Agent
Berta Hakimi Negari
Beverly Hills Mint
List Price
$1,500,000
Sold Price
$1,500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.03%
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
Brush David $3,200,000 First American Title
Santo Llc $2,537,500 Lawyers Title Company
Liberty Michael A -- Wfg National Title Co Of Ca
Hawk Dennis J $1,500,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Liberty Michael A $1,332,500
Previous Owner Liberty Michael A $2,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2023 03/01/23 Sold $3,200,000 0.0% $1,544 / Sq Ft
01/31/2023 01/31/23 Pending -- -- --
11/21/2022 11/21/22 For Sale $3,200,000 +26.1% $1,544 / Sq Ft
03/03/2017 03/03/17 Sold $2,537,500 -2.2% $1,224 / Sq Ft
02/07/2017 02/07/17 For Sale $2,595,000 0.0% $1,252 / Sq Ft
01/24/2017 01/24/17 Pending -- -- --
10/26/2016 10/26/16 Price Changed $2,595,000 -2.1% $1,252 / Sq Ft
10/10/2016 10/10/16 For Sale $2,650,000 0.0% $1,278 / Sq Ft
06/17/2016 06/17/16 Rented $10,500 0.0% --
05/16/2016 05/16/16 Price Changed $10,500 -12.5% $5 / Sq Ft
04/11/2016 04/11/16 For Rent $12,000 0.0% --
11/21/2014 11/21/14 Sold $1,500,000 0.0% $724 / Sq Ft
10/30/2014 10/30/14 Pending -- -- --
10/26/2014 10/26/14 For Sale $1,500,000 -- $724 / 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 $38,344 $3,329,280 $1,248,480 $2,080,800
2024 $38,344 $3,264,000 $1,224,000 $2,040,000
2023 $33,466 $2,831,184 $1,673,278 $1,157,906
2022 $33,063 $2,775,671 $1,640,469 $1,135,202
2021 $32,271 $2,721,247 $1,608,303 $1,112,944
2020 $32,053 $2,693,345 $1,591,812 $1,101,533
2019 $31,737 $2,640,535 $1,560,600 $1,079,935
2018 $29,876 $2,588,760 $1,530,000 $1,058,760
2016 $17,841 $1,522,874 $1,120,328 $402,546
2015 $17,611 $1,500,000 $1,103,500 $396,500
2014 $7,410 $601,050 $196,716 $404,334
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-216631

The MLS

APN: 4292-012-046