Seller's Agent in 2024
Woody Stahl
Lyon Stahl Investment Real Est
(310) 710-3829
16 in this area
151 Total Sales
119 40th St Manhattan Beach, CA 90266
Estimated Value: $2,307,000 - $2,808,723
4
Beds
2
Baths
1,552
Sq Ft
$1,599/Sq Ft
Est. Value
Highlights
- Ocean View
- No HOA
- Laundry Room
- Grand View Elementary School Rated A
- 4 Car Attached Garage
- Central Air
About This Home
As of May 2024119 40th Street presents a rare opportunity in the Sand Section, less than a block from the beach. This duplex offers (2) 2-Bed/1-Bath units, each showcasing stunning ocean views from living rooms and balconies. The property also features a spacious (4) car garage w/ storage compartments + (2) driveway spots, plus the convenience of on-site laundry. Currently at 1.96% CAP with a 4.42% Market CAP, this property promises potential appreciation and rental upside with interior remodel. Short Term Rental Permits are also available for this property. According to Air DNA, the #1 platform for STR Data, The short- term yearly rental income is $196.5K. With its location, configuration, and upside - 119 40th St is an ideal asset for any Beach Cities investor or owner-user.
Last Agent to Sell the Property
Lyon Stahl Investment Real Est License #01399621 Listed on: 05/10/2024
Last Buyer's Agent
Lyon Stahl Investment Real Est License #01399621 Listed on: 05/10/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1988
Lot Details
- 1,353 Sq Ft Lot
- 1 Common Wall
- Density is 2-5 Units/Acre
Parking
- 4 Car Attached Garage
Home Design
- Duplex
- Entry on the 1st floor
Interior Spaces
- 1,552 Sq Ft Home
- 2-Story Property
- Ocean Views
- Laundry Room
Bedrooms and Bathrooms
- 4 Main Level Bedrooms
- 2 Full Bathrooms
Utilities
- Central Air
Listing and Financial Details
- Legal Lot and Block 22 / 3
- Tax Tract Number 4103
- Assessor Parcel Number 4137009036
- $2,143 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Units
Amenities
- Laundry Facilities
Recreation
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 10, 2024
Closed on
May 23, 2024
Sold by
Hazelebach Family 2008 Trust and Hazelebach Jacob J
Bought by
Yu Don and Yu Catherine
Seller's Agent
Woody Stahl
Lyon Stahl Investment Real Est
Buyer's Agent
Woody Stahl
Lyon Stahl Investment Real Est
List Price
$2,150,000
Sold Price
$2,275,000
Premium/Discount to List
$125,000
5.81%
Views
20
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$208,223
Avg. Annual Appreciation
5.01%
Purchase Details
Closed on
Jan 18, 2022
Sold by
Hazelebach Family 2008 Trust
Bought by
Hazelebach Family 2008 Trust
Purchase Details
Closed on
Feb 7, 2012
Sold by
Hazelebach Jacob J and Hazelebach Lise
Bought by
Hazelebach Jacob J and Hazelebach Lise
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,000
Interest Rate
3.86%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 13, 2008
Sold by
Hazelebach Jacob and Hazelebach Lisa
Bought by
Hazelebach Jacob J
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Yu Don | $2,275,000 | First American Title Company | |
| Hazelebach Family 2008 Trust | -- | Law Office Of Julia Perkins | |
| Hazelebach Jacob J | -- | California Title Company | |
| Hazelebach Jacob J | -- | California Title Company | |
| Hazelebach Jacob J | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Hazelebach Jacob J | $161,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/30/2024 05/30/24 | Sold | $2,275,000 | 0.0% | $1,466 / Sq Ft | |
| 05/30/2024 05/30/24 | Sold | $2,275,000 | +5.8% | $1,466 / Sq Ft | View Prior Sale |
| 05/25/2024 05/25/24 | Pending | -- | -- | -- | |
| 05/22/2024 05/22/24 | Pending | -- | -- | -- | |
| 05/10/2024 05/10/24 | For Sale | $2,150,000 | 0.0% | $1,385 / Sq Ft | |
| 05/10/2024 05/10/24 | For Sale | $2,150,000 | -- | $1,385 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $7,347 | $2,320,500 | $2,065,500 | $255,000 |
| 2024 | $7,347 | $461,421 | $247,793 | $213,628 |
| 2023 | $7,176 | $452,375 | $242,935 | $209,440 |
| 2022 | $7,081 | $443,506 | $238,172 | $205,334 |
| 2021 | $7,071 | $434,810 | $233,502 | $201,308 |
| 2019 | $5,290 | $421,915 | $226,577 | $195,338 |
| 2018 | $5,180 | $413,643 | $222,135 | $191,508 |
| 2016 | $4,650 | $397,582 | $213,510 | $184,072 |
| 2015 | $4,557 | $391,611 | $210,303 | $181,308 |
| 2014 | $4,507 | $383,941 | $206,184 | $177,757 |
Source: Public Records
Agents Affiliated with this Home
-
Woody Stahl
-
Johnnie Stiegler
Seller Co-Listing Agent in 2024
Johnnie Stiegler
Lyon Stahl Investment Real Estate, Inc.
(310) 606-0939
7 in this area
97 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24094744
APN: 4137-009-036
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