NOT LISTED FOR SALE

1144 The Strand Unit B Manhattan Beach, CA 90266

Estimated Value: $4,547,504 - $5,079,000

3 Beds
2 Baths
2,470 Sq Ft
3,328 Sq Ft Lot

Last Sold March 17, 2021

Last sale price $3,500,000 $1,417 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $29,627/month

45 Days on Market

Highlights

  • Ocean View
  • No HOA
  • Laundry Room
  • Grand View Elementary School Rated A
  • 2 Car Attached Garage
  • Central Heating

About This Home

As of March 2021

With a Walk-Score of "infinity" this special beachfront condominium offers a once-in-a-lifetime opportunity to create your own vision with front-and-center panoramic ocean views! Within a stone's throw of the heart of Downtown Manhattan Beach, this is the IDEAL location. The opportunity here is to obtain a PRIMO location and design to your heart's content. The property is in shell condition. Plans are drawn for potential completion (Buyer to verify). Renderings shown here describe the potential. This upper level condo delivers the views you seek and desired privacy perched up high over the Strand walk/bike path below. The unit has assigned tandem 2 car garage parking - stash the cars - you'll hardly need them as you enjoy jogging, surfing, volleyball, and cycling as well as world-class shopping and dining, all just steps from home! Bring your vision and obtain that beachfront property ownership you've been dreaming of!

Last Agent to Sell the Property

Bryn Stroyke

Bayside License #00855690 Listed on: 11/22/2020

Last Buyer's Agent

Lauren Forbes

Compass License #01295248

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $42,045

Year Built

  • Built in 1982

Lot Details

  • 3,328

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Tandem Garage

Property Views

  • Ocean
  • Coastline
  • Catalina
  • Panoramic

Interior Spaces

  • 2,470 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Schools

  • Manhattan Beach Middle School
  • Mira Costa High School

Additional Features

  • 1 Common Wall
  • Central Heating

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 41640
  • Assessor Parcel Number 4179022041

Property Details

Home Type

Condominium

Est. Annual Taxes

$42,045

Year Built

Built in 1982

Lot Details

0

Parking

2

Listing Details

  • Structure Type: Duplex
  • Assessments: Yes
  • Other Phone Description: AIMEE NELSON
  • Other Phone Number: 3105030108
  • Property Attached: Yes
  • View: Yes
  • Zoning: MNRH
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 4179022041
  • Year Built: 1982
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2470.00 Square Feet
  • Stories: 1
  • Entry Location: Street
  • Common Walls: 1 Common Wall
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 1417.00
  • Room Type: Living Room

Exterior Features

  • View: Catalina, Coastline, Ocean, Panoramic
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Tandem Garage
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks

Schools

  • School District: Manhattan Unified
  • Middle School: Manhattan Beach
  • High School: Mira Costa
  • High School: Mira Costa
  • Middle Or Junior School: Manhattan Beach
  • High School2: MIRCOS

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 3328.00
  • Lot Size Acres: 0.0764

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3328.0000 Square Feet
  • Number Of Units In Community: 2
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 6203.05
  • Tax Lot: 1
  • Tax Tract Number: 41640

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 12, 2023
Sold by
Kadera Brian Eugene and Kadera Samantha Phillips
Bought by
Brian And Samantha Kadera Family Trust and Kadera
Current Estimated Value
$4,794,376

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Outstanding Balance
$1,365,271
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$3,429,105

Purchase Details

Listed on
Nov 22, 2020
Closed on
Jan 29, 2021
Sold by
Magnum Property Investments Llc
Bought by
Kadera Brian Eugene and Kadera Samantha Phillips
Seller's Agent
Bryn Stroyke
Bayside
Buyer's Agent
Lauren Forbes
Compass
List Price
$4,500,000
Sold Price
$3,500,000
Premium/Discount to List
-$1,000,000
-22.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.34%
Original Mortgage
$1,000,000
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Closed on
May 20, 2019
Sold by
Marshall Brooks P and Palombo Lisa A
Bought by
Magnum Property Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,500,000
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 17, 2014
Sold by
Marshall Brooks P
Bought by
The Strand Trust 1144B Cic

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,625,000
Interest Rate
4.32%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Aug 19, 1997
Sold by
Marshall Brooks P
Bought by
Marshall Brooks P and Palombo Lisa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$358
Interest Rate
7.43%

Purchase Details

Closed on
Oct 24, 1994
Sold by
Brown Joseph G
Bought by
Marshall Brooks P and Palombo Lisa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$465,000
Interest Rate
6.62%
Source: Public Records

Range of Values:

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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
Brian And Samantha Kadera Family Trust -- None Listed On Document
Kadera Brian Eugene $3,500,000 Fidelity National Title Co
Magnum Property Investments Llc $2,975,000 First American Title
The Strand Trust 1144B Cic -- None Available
Marshall Brooks P -- Fidelity National Title Co
Marshall Brooks P $600,000 Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kadera Brian Eugene $1,400,000
Previous Owner Kadera Brian Eugene $1,000,000
Previous Owner Magnum Property Investments Llc $147,500,000
Previous Owner The Strand Trust 1144B Cic $2,625,000
Previous Owner Marshall Brooks P $300,000
Previous Owner Marshall Brooks P $645,000
Previous Owner Marshall Brooks P $640,000
Previous Owner Marshall Brooks P $300,000
Previous Owner Marshall Brooks P $638,000
Previous Owner Marshall Brooks P $240,000
Previous Owner Marshall Brooks P $650,000
Previous Owner Marshall Brooks P $565,000
Previous Owner Marshall Brooks P $358
Previous Owner Marshall Brooks P $465,000
Closed Marshall Brooks P $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2021 03/17/21 Sold $3,500,000 -17.6% $1,417 / Sq Ft
12/31/2020 12/31/20 Price Changed $4,250,000 -5.6% $1,721 / Sq Ft
11/22/2020 11/22/20 For Sale $4,500,000 -- $1,822 / 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 $42,045 $3,788,510 $3,761,450 $27,060
2024 $42,045 $3,714,227 $3,687,697 $26,530
2023 $40,983 $3,641,400 $3,615,390 $26,010
2022 $40,268 $3,570,000 $3,544,500 $25,500
2021 $44,625 $3,952,224 $1,185,152 $2,767,072
2020 $44,211 $3,911,700 $1,173,000 $2,738,700
2019 $26,352 $2,307,722 $879,131 $1,428,591
2018 $25,840 $2,262,474 $861,894 $1,400,580
2016 $24,061 $2,174,622 $828,427 $1,346,195
2015 $23,561 $2,141,958 $815,984 $1,325,974
2014 $9,183 $822,129 $455,597 $366,532
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20244784

California Regional Multiple Listing Service (CRMLS)

APN: 4179-022-041