$1,600,000
SOLD DEC 13, 2024
0.14 Acre
$11,436,741 Price per Acre
6,093 Sq Ft Lot

Recently Sold

$544 Per Sq Ft

19% Below List Price

43 Days on Market

Highlights

  • Marina
  • White Water Ocean Views
  • Community Stables
  • John Muir Elementary School Rated A
  • Beach Access
  • 4-minute walk to Crescent Bay Park

About This Lot

As of December 2024

Rare development opportunity located in one of LA's most prestigious neighborhoods-Ocean Park. This rarely available development lot is ready to be built-Just steps away from famed Santa Monica beach, Santa Monica's main street with its trendy boutiques and restaurants. Maximize the potential of this rare lot and build to your heart's content with a little over 6,000 sq. ft. of prime A++ real estate. Centered in the midst of so many attractions including, the Strand bike path with 22 miles of inspiring coastal scenery, the World Famous Santa Monica Pier, Shutters On the Beach Hotel, Casa Del Mar Hotel, Malibu State Park, The Viceroy Hotel, 3rd Street Promenade and quaint Abbot Kinney neighborhood, this property is truly unique. Don't miss out on this rare opportunity! It doesn't get better than this! And, won't last long.

Last Agent to Sell the Property

Richard Warren

eXp Realty of California Inc Brokerage Phone: 310.902.0084 License #01518362 Listed on: 08/13/2024

eXp Realty of California Inc

Last Buyer's Agent

Richard Warren

eXp Realty of California Inc Brokerage Phone: 310.902.0084 License #01518362 Listed on: 08/13/2024

eXp Realty of California Inc

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $33,706

Lot Details

  • 6,093 Sq Ft Lot
  • Density is up to 1 Unit/Acre
  • Property is zoned SMOP3*

Property Views

  • White Water Ocean
  • Coastline
  • Peek-A-Boo
  • Neighborhood

Home Design

  • Planned Development

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 4289023025

Community Details

Overview

  • No Home Owners Association
  • Foothills
  • Mountainous Community
  • Property is near a preserve or public land
  • Property is near a ravine

Recreation

  • Marina
  • Fishing
  • Park
  • Dog Park
  • Water Sports
  • Community Stables
  • Horse Trails
  • Hiking Trails
  • Bike Trail
  • Beach Access
  • Exterior Lighting

Property Details

Property Type

Land

Est. Annual Taxes

$33,706

Lot Details

0

Listing Details

  • View: Yes
  • Zoning: SMOP3*
  • Property Type: Land
  • Parcel Number: 4289023025
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 262.60

Exterior Features

  • View: Coastline, Neighborhood, Ocean, Peek-A-Boo, Water, White Water

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Biking, Curbs, Dog Park, Fishing, Foothills, Hiking, Horse Trails, Park, Watersports, Mountainous, Preserve/Public Land, Ravine, Stable(s), Sidewalks, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, 2-5 Units/Acre
  • Lot Size Sq Ft: 6093.00
  • Lot Size Acres: 0.1399

Multi Family

  • Lot Size Area: 6093.0000 Square Feet
  • Waterfront Features: Beach Access, Marina in Community

Tax Info

  • Tax Census Tract: 7020.02
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2024
Closed on
Dec 6, 2024
Sold by
Wilshire Quinn Income Fund Reit Llc
Bought by
Strand & Ocean Llc
Seller's Agent
Richard Warren
eXp Realty of California Inc
Buyer's Agent
Richard Warren
eXp Realty of California Inc
List Price
$1,975,000
Sold Price
$1,600,000
Premium/Discount to List
-$375,000
-18.99%
Views
27
Current Estimated Value
$1,970,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$370,000
Avg. Annual Appreciation
34.61%

Purchase Details

Closed on
Jan 11, 2024
Sold by
Ashby Construction Company Inc
Bought by
Wilshire Quinn Income Fund Rei

Purchase Details

Listed on
Jul 19, 2021
Closed on
Mar 23, 2022
Sold by
Mav Partners Llc
Bought by
Ashby Construction Company Inc
Seller's Agent
Kerry Ann Sullivan
Pardee Properties
Buyer's Agent
Emily Emerson
Coldwell Banker Realty
List Price
$2,995,000
Sold Price
$2,712,500
Premium/Discount to List
-$282,500
-9.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.95%
Original Mortgage
$4,500,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 20, 2018
Sold by
Mav Partners Llc
Bought by
Mav Partners Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,610,000
Interest Rate
2.85%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
May 30, 2014
Closed on
Sep 25, 2014
Sold by
Mavredakis John G
Bought by
Mav Partners Llc
Seller's Agent
Joshua Altman
Douglas Elliman of California, Inc.
Buyer's Agent
Ted Craddock
List Price
$2,599,000
Sold Price
$2,350,000
Premium/Discount to List
-$249,000
-9.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.58%

Purchase Details

Listed on
May 30, 2014
Closed on
Jun 17, 2014
Sold by
Mansfield Dana Brian
Bought by
Mavredakis John G and Mavredakis Christie A
Seller's Agent
Joshua Altman
Douglas Elliman of California, Inc.
Buyer's Agent
Ted Craddock
List Price
$2,599,000
Sold Price
$2,350,000
Premium/Discount to List
-$249,000
-9.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,610,000
Interest Rate
2.95%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 9, 2004
Sold by
Mansfield Dana Brian and Mansfield Dana Brian
Bought by
Mansfield Dana Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 11, 2002
Sold by
Mansfield Francesca D
Bought by
Mansfield Dana Brian

Purchase Details

Closed on
Oct 1, 2002
Sold by
Slevin Tim T
Bought by
Ganezer Daniel L and Ganezer Ariel
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 Type Sale Price Title Company
Grant Deed $1,600,000 Chicago Title Company
Grant Deed $1,600,000 Chicago Title Company
Grant Deed -- First American Title
Grant Deed $2,712,500 Orange Coast Title
Warranty Deed -- Fidelity National Title
Warranty Deed -- None Available
Warranty Deed $2,350,000 Old Republic Title Company
Warranty Deed -- Southland Title Corporation
Warranty Deed -- --
Warranty Deed $35,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $4,500,000 New Conventional
Previous Owner $1,610,000 Adjustable Rate Mortgage/ARM
Previous Owner $1,610,000 Adjustable Rate Mortgage/ARM
Previous Owner $450,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/13/2024 12/13/24 Sold $1,600,000 0.0% $544 / Sq Ft
12/13/2024 12/13/24 Sold $1,600,000 -19.0% $16,000 / Sq Ft
11/14/2024 11/14/24 For Sale $1,975,000 0.0% $19,750 / Sq Ft
11/14/2024 11/14/24 For Sale $1,975,000 0.0% $672 / Sq Ft
09/25/2024 09/25/24 Pending -- -- --
09/25/2024 09/25/24 Pending -- -- --
09/19/2024 09/19/24 Pending -- -- --
09/19/2024 09/19/24 Pending -- -- --
08/13/2024 08/13/24 For Sale $1,975,000 0.0% $672 / Sq Ft
08/13/2024 08/13/24 For Sale $1,975,000 -27.2% $19,750 / Sq Ft
03/30/2022 03/30/22 Sold $2,712,500 -4.7% $922 / Sq Ft
03/25/2022 03/25/22 Pending -- -- --
10/06/2021 10/06/21 Price Changed $2,845,000 -5.0% $967 / Sq Ft
07/19/2021 07/19/21 For Sale $2,995,000 +27.4% $1,018 / Sq Ft
07/30/2014 07/30/14 Sold $2,350,000 -9.6% $799 / Sq Ft
07/21/2014 07/21/14 Pending -- -- --
05/30/2014 05/30/14 For Sale $2,599,000 -- $884 / 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 $33,706 $3,050,000 $3,050,000 --
2024 $33,706 $2,822,085 $1,974,159 $847,926
2023 $33,168 $2,766,750 $1,935,450 $831,300
2022 $32,552 $2,694,284 $2,038,553 $655,731
2021 $31,812 $2,641,456 $1,998,582 $642,874
2020 $31,168 $2,614,372 $1,978,089 $636,283
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24167655

California Regional Multiple Listing Service (CRMLS)

APN: 4289-023-025