NOT LISTED FOR SALE

120 38th Place Manhattan Beach, CA 90266

Estimated Value: $2,118,000 - $2,506,515

3 Beds
2 Baths
1,300 Sq Ft
$1,769/Sq Ft Est. Value

Last Sold December 13, 2021

Last sale price $1,748,600 $1,345 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $13,933/month

32 Days on Market

Highlights

  • Ocean View
  • Wood Flooring
  • Beamed Ceilings
  • Grand View Elementary School Rated A
  • Spanish Architecture
  • Living Room Balcony

About This Home

As of December 2021

Spanish style El Porto duplex in the coveted Manhattan Beach sand section. Steps to the sand and adjacent to the bustling North Manhattan shops, restaurants, yoga and more. Spend your mornings on the strand and your evenings watching sunsets on the beach.

This charming duplex is your chance to live the true Manhattan Beach lifestyle. Opportunity for a 1031 exchange, owner/user or investment/build. Upstairs unit 900 sqft 2 bed/1 bath. Hardwood floors throughout, balcony with ocean views. Spanish archways and wood beam ceilings. Open floor plan with tons of light! Downstairs is a 400 sqft bungalow style 1 bed/1 bath with a bonus room that can be used as a den or extra storage. The perfect beach pad. Property includes a 2 car garage.

Last Agent to Sell the Property

Tracie Stearns

Highland Premiere Real Estate License #02121228 Listed on: 09/20/2021

Last Buyer's Agent

Mark Stoll

Vista Sotheby's International Realty License #01280262

Vista Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,766

Year Built

  • Built in 1931

Lot Details

  • 1,354 Sq Ft Lot
  • No Common Walls
  • Paved or Partially Paved Lot
  • Lot Sloped Down
  • Value in Land

Parking

  • 2 Car Garage

Home Design

  • Spanish Architecture
  • Cosmetic Repairs Needed

Interior Spaces

  • 1,300 Sq Ft Home
  • 2-Story Property
  • Beamed Ceilings
  • Living Room Balcony
  • Wood Flooring
  • Ocean Views
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 10 / 2
  • Tax Tract Number 3701
  • Assessor Parcel Number 4137011108
  • $2,199 per year additional tax assessments

Community Details

Recreation

  • Bike Trail

Building Details

  • 2 Leased Units
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,766

Year Built

Built in 1931

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Zoning: MNRH
  • Architectural Style: Spanish
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 4137011108
  • Year Built: 1931
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Beamed Ceilings, Living Room Balcony
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Levels: Two
  • Price Per Square Foot: 1345.08

Exterior Features

  • View: Ocean
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • 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: Sloped Down, Paved, Value In Land
  • Lot Size Sq Ft: 1354.00
  • Lot Size Acres: 0.0311
  • Latitude Manual: 33.90150300

Rental Info

  • Tenant Pays: None

Multi Family

  • Gross Scheduled Income: 67200.00
  • Lot Size Area: 1354.0000 Square Feet
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Block: 2
  • Tax Census Tract: 6202.01
  • Tax Lot: 10
  • Tax Tract Number: 3701
  • TaxOtherAnnualAssessmentAmount: 2199.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 14, 2019
Sold by
Pazienti Denise
Bought by
Pazienti Denise and The Denise Pazienti Trust
Current Estimated Value
$2,299,379

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
5.25%

Purchase Details

Closed on
Oct 4, 2019
Sold by
Pazienti Denise
Bought by
Pazienti Denise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
5.25%

Purchase Details

Closed on
Apr 26, 2016
Sold by
Pazienti Denise
Bought by
Pazienti Denise and Denise Pazienti Trust

Purchase Details

Closed on
Jun 15, 2006
Sold by
Pazienti Mauro
Bought by
Pazienti Denise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,000
Interest Rate
1.25%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 19, 2001
Sold by
B Mannette Cook G Family
Bought by
Pazienti Denise

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
7%

Purchase Details

Closed on
Sep 19, 2000
Sold by
Billig Barbara
Bought by
B Mannette Cook G Family

Purchase Details

Closed on
Jul 12, 2000
Sold by
Freis Family Trust
Bought by
Billig Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,500
Interest Rate
8.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 28, 2000
Sold by
Billig Edward and Cook B Mannette G Family Ptns
Bought by
Billig Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,500
Interest Rate
8.67%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Pazienti Denise -- Accommodation
Pazienti Denise -- Stewart Title Of Ca Inc
Pazienti Denise -- None Available
Pazienti Denise -- Provident Title Company
Pazienti Denise $580,000 Commonwealth Land Title Co
B Mannette Cook G Family -- --
Billig Barbara -- Commonwealth Land Title Co
Billig Barbara -- Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pazienti Denise $650,000
Previous Owner Pazienti Denise $625,000
Previous Owner Pazienti Denise $400,000
Previous Owner Billig Barbara $344,500
Previous Owner Billig Barbara $344,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/13/2021 12/13/21 Sold $1,748,600 -2.9% $1,345 / Sq Ft
10/22/2021 10/22/21 Pending -- -- --
10/07/2021 10/07/21 Price Changed $1,799,999 -5.2% $1,385 / Sq Ft
09/20/2021 09/20/21 For Sale $1,899,000 -- $1,461 / 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 $22,766 $1,855,627 $1,804,053 $51,574
2024 $22,506 $1,819,243 $1,768,680 $50,563
2023 $21,965 $1,783,572 $1,734,000 $49,572
2022 $21,610 $1,748,600 $1,700,000 $48,600
2021 $10,951 $791,568 $777,931 $13,637
2019 $9,061 $768,092 $754,858 $13,234
2018 $8,879 $753,032 $740,057 $12,975
2016 $8,129 $723,793 $711,321 $12,472
2015 $7,961 $712,922 $700,637 $12,285
2014 $7,859 $698,958 $686,913 $12,045
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21197487

California Regional Multiple Listing Service (CRMLS)

APN: 4137-011-108