NOT LISTED FOR SALE

Estimated Value: $4,284,000 - $6,093,000

4 Beds
3 Baths
1,970 Sq Ft
$2,565/Sq Ft Est. Value

Last Sold January 28, 2021

Last sale price $1,700,000 $863 Per Sq Ft

Est. 197% increase in value since last sale

Current estimated payment $30,957/month

34 Days on Market

Highlights

  • Laundry Room
  • Rectangular Lot
  • Wall Furnace
  • Meadows Avenue Elementary School Rated A+
  • Wood Fence
  • Back and Front Yard

About This Home

As of January 2021

Seldom do you come across an investment property that has both POTENTIAL and UPSIDE. Existing duplex consists of a 3 bedroom/2 bath front house
with hardwood floors and a spacious 1 bed, 1 bath unit with vaulted ceilings and hardwood floors over the 2 car garage, all on a 50 x 150 lot. Additional rooms attached to garage (possible future ADU) add even more value. Imagine what these units would look like with new paint and landscaping! Plenty of onsite parking as well as a large backyard for entertaining. Rent out both units, live in one - rent out the other, or build and start fresh. This is an opportunity to get into Manhattan Beach schools and receive income to offset your mortgage. Buyers are advised to confirm with the City of Manhattan Beach regarding future potential development for this property.

Last Agent to Sell the Property

Chris Plank

Pacifica Properties Group, Inc. License #01017334 Listed on: 09/10/2020

Last Buyer's Agent

Daniel O'Connor

Compass License #01384632

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 7,502 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Rectangular Lot
  • Level Lot
  • Back and Front Yard

Parking

  • 2 Car Garage

Home Design

  • 1,970 Sq Ft Home
  • Shingle Roof

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Additional Features

  • Dishwasher
  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 22 / 10
  • Tax Tract Number 142
  • Assessor Parcel Number 4167028019

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Zoning: MNRS
  • Property Type: Residential Income
  • Parcel Number: 4167028019
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Appliances: Yes
  • Price Per Square Foot: 862.94

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen, Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Level with Street, Lot 6500-9999, Rectangular Lot
  • Lot Size Sq Ft: 7502.00
  • Lot Size Acres: 0.1722

Multi Family

  • Average1 Bed Area: 754 Square Feet
  • Average3 Bed Area: 1216 Square Feet
  • Gross Scheduled Income: 53400.00
  • Lot Size Area: 7502.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: Yes

Tax Info

  • Tax Block: 10
  • Tax Census Tract: 6208.00
  • Tax Lot: 22
  • Tax Tract Number: 142

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 29, 2025
Sold by
Kraines Brandon and Kraines Karina
Bought by
Brandon And Karina Kraines Family Trust and Kraines
Current Estimated Value
$5,053,137

Purchase Details

Closed on
Nov 17, 2021
Sold by
Twd Cypress Holdco Vii Lp
Bought by
Kraines Brandon and Kraines Karina

Purchase Details

Closed on
Nov 16, 2020
Sold by
Kuhns Christopher R and Kuhns Ann J
Bought by
Kuhns Ann J

Purchase Details

Closed on
Aug 2, 2020
Sold by
Kuhns Christopher R and Kuhns Ann J
Bought by
Kuhns Ann J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$452,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 31, 2016
Sold by
Kuhns Ann J
Bought by
Kuhns Ann J and The Ann J Kuhns Separate Prope

Purchase Details

Closed on
Nov 14, 2012
Sold by
Farber Michael and Farber Joseph M
Bought by
Farber Michael and Farber Joseph M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
3.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 12, 2002
Sold by
Farber Sheryl Lere
Bought by
Farber Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.8%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 14, 2002
Sold by
Dieudonne Frances C
Bought by
Farber Michael and Farber Joseph M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.8%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 13, 2000
Sold by
Yamada Chris L and Yamada Marlene S
Bought by
Wells Gary and Wells Cindi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
7.98%

Purchase Details

Closed on
Feb 5, 1999
Sold by
Dieudonne Frances C and Dieudonne Trust
Bought by
Dieudonne Frances C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
6.78%

Purchase Details

Closed on
Aug 30, 1995
Sold by
Dieudonne Roger J and Dieudonne Frances C
Bought by
Dieudonne Roger J and Dieudonne Frances C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Brandon And Karina Kraines Family Trust -- None Listed On Document
Kraines Brandon -- None Listed On Document
Kraines Brandon $4,700,000 Lawyers Title
Kuhns Ann J -- Amrock Inc
Kuhns Ann J -- Amrock Inc
Kuhns Ann J -- None Available
Farber Michael -- None Available
Farber Michael -- Progressive Title Company
Farber Michael -- United Title Company
Kuhns Ann J -- United Title Company
Farber Michael $425,000 United Title Company
Wells Gary $500,000 Lawyers Title Company
Dieudonne Frances C -- Southland Title
Dieudonne Roger J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kuhns Ann J $452,000
Previous Owner Farber Michael $400,000
Previous Owner Farber Michael $225,000
Previous Owner Wells Gary $250,000
Previous Owner Dieudonne Frances C $192,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/28/2021 01/28/21 Sold $1,700,000 -10.5% $863 / Sq Ft
10/14/2020 10/14/20 Pending -- -- --
09/10/2020 09/10/20 For Sale $1,899,000 -- $964 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $54,408 $4,889,880 $2,340,900 $2,548,980
2024 $54,408 $4,794,000 $2,295,000 $2,499,000
2023 $20,343 $1,768,680 $1,716,660 $52,020
2022 $19,995 $1,734,000 $1,683,000 $51,000
2021 $2,770 $183,299 $111,817 $71,482
2020 $2,749 $181,421 $110,671 $70,750
2019 $2,710 $177,864 $108,501 $69,363
2018 $2,579 $174,377 $106,374 $68,003
2016 $2,203 $167,608 $102,245 $65,363
2015 $2,162 $165,092 $100,710 $64,382
2014 $2,152 $161,859 $98,738 $63,121
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20184757

California Regional Multiple Listing Service (CRMLS)

APN: 4167-028-019