NOT LISTED FOR SALE

Estimated Value: $4,463,000 - $5,822,679

4 Beds
4 Baths
2,554 Sq Ft
$2,078/Sq Ft Est. Value

Last Sold March 16, 2021

Last sale price $4,465,000 $1,748 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $32,308/month

99 Days on Market

About This Home

As of March 2021

We are proud to present this extremely rare opportunity to purchase a full lot on a walk street in the 100 block of Manhattan Beach. This property is a developer’s dream to be able to build on a north-facing lot just up from the strand. Currently, the existing building is a 2,554 sqft duplex situated on a 2,707 sqft lot. The front unit located on the walk street side was built in 1939 and consists of a 2-bed/1.5-bath unit. The second unit located on top of the 4-car garage was built in 1989 and consists of a 2-bed/2-bath unit. Both units are currently vacant. Do not let this opportunity pass by, as it won’t last for long!

Last Agent to Sell the Property

Johnnie Stiegler

Lyon Stahl Investment Real Estate, Inc. License #01981597 Listed on: 09/30/2020

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Stephen Takahashi

Lyon Stahl Investment Real Estate, Inc. License #01944770

Last Buyer's Agent

Michael Pennings

Estate Properties License #00990231

Estate Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $53,656

Year Built

  • Built in 1939

Lot Details

  • 2,707 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Interior Spaces

  • 2,554 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 2 / 37
  • Tax Tract Number 2
  • Assessor Parcel Number 4175028002

Community Details

Overview

  • 2 Buildings
  • 2 Units

Recreation

  • Bike Trail

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,600
  • Insurance Expense $894
  • New Taxes Expense $57,500
  • Operating Expense $66,090
  • Gross Income $118,728
  • Net Operating Income $52,638

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$53,656

Year Built

Built in 1939

Lot Details

0

Parking

2

Listing Details

  • Other Phone Number: 3104472213
  • Property Attached: No
  • Zoning: MNRH
  • Property Type: Residential Income
  • Parcel Number: 4175028002
  • Year Built: 1939
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 1748.24

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 2707.00
  • Lot Size Acres: 0.0621

Multi Family

  • Electric Expense: 1600.00
  • Gross Income: 118728.00
  • Gross Scheduled Income: 122400.00
  • Insurance Expense: 894.00
  • Lot Size Area: 2707.0000 Square Feet
  • Net Operating Income: 52638.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 66090.00
  • Rent Control: No
  • Total Expenses: 66090.00

Tax Info

  • New Taxes Expense: 57500.00
  • Tax Block: 37
  • Tax Census Tract: 6203.05
  • Tax Lot: 2
  • Tax Tract Number: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 29, 2008
Sold by
Mclaughlin Veronica
Bought by
Revoc Mclaughlin Veronica and Revoc 2008 Veronica Mclaughlin
Current Estimated Value
$5,307,670
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
Revoc Mclaughlin Veronica -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/16/2021 03/16/21 Sold $4,465,000 -2.9% $1,748 / Sq Ft
01/07/2021 01/07/21 Pending -- -- --
09/30/2020 09/30/20 For Sale $4,600,000 0.0% $1,801 / Sq Ft
10/12/2017 10/12/17 Rented $3,800 0.0% --
10/05/2017 10/05/17 For Rent $3,800 -- --
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 $53,656 $4,833,058 $4,492,093 $340,965
2024 $53,656 $4,738,293 $4,404,013 $334,280
2023 $52,664 $4,645,386 $4,317,660 $327,726
2022 $52,199 $4,554,300 $4,233,000 $321,300
2021 $4,638 $283,750 $128,404 $155,346
2020 $4,533 $280,842 $127,088 $153,754
2019 $4,495 $275,337 $124,597 $150,740
2018 $4,424 $269,939 $122,154 $147,785
2016 $4,180 $259,459 $117,411 $142,048
2015 $4,104 $255,563 $115,648 $139,915
2014 $4,061 $250,558 $113,383 $137,175
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20202863

California Regional Multiple Listing Service (CRMLS)

APN: 4175-028-002