NOT LISTED FOR SALE

1223 23rd St Santa Monica, CA 90404

Mid-City Santa Monica Neighborhood

Estimated Value: $2,764,000 - $3,141,000

9 Beds
8 Baths
5,304 Sq Ft
$554/Sq Ft Est. Value

Last Sold July 26, 2024

Last sale price $2,850,000 $537 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $17,822/month

126 Days on Market

About This Home

As of July 2024

Don't miss this rare opportunity to own a one of a kind fourplex in a highly sought after Santa Monica neighborhood! This property boasts a front unit ideal for an owner-user, designed as a spacious 2-level townhouse with all the comforts of a home. The 3 bedroom & 2 bath unit features a large primary bedroom with sitting area and convenient ensuite bath on the first floor with the other two large bedrooms and one bath on the second floor all with ample closet space. A dedicated washer and dryer room with back door as well as a 1-car garage provides secure parking and storage space. The remaining 3 units each offer 2 bedrooms and 1.5 bathrooms with balcony. All 4 units have beautifully renovated open kitchens, stainless steel appliances, tile, wood flooring and overall fantastic layouts providing comfortable living spaces.. The property offers private gated entrances with keyless entry as well as a digital door lock for each unit. A shared laundry room on site adds convenience for all residents. The building underwent a seismic soft story retrofit in 2020. This property's ideal proximity to the area's finest amenities, from trendy shops and restaurants to parks and just a short distance to Whole Foods and Trader Joe's makes this the ideal lucrative investment and a place to call home.

Last Agent to Sell the Property

Benjamin Hsiang

Realty Investment Advisors, Inc. License #01438644 Listed on: 03/21/2024

Co-Listed By

Don Favia

Realty Investment Advisors, Inc. License #01841258

Last Buyer's Agent

Yar Meshkaty

Coldwell Banker Realty License #01060780

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,742

Year Built

  • Built in 1961

Lot Details

  • 5,326 Sq Ft Lot

Interior Spaces

  • 5,304 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Parking

  • 5 Parking Spaces
  • Attached Carport
  • Driveway

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water, gardener
  • Assessor Parcel Number 4276-017-029

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,742

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 5304
  • Lot Acreage: 0.1223
  • Stories: 2
  • Year Built: 1961
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Total Bathrooms: 8.00
  • Equipment: Refrigerator, Range/Oven, Dishwasher
  • Price Per S Q F T: 564.67

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Driveway, Carport Attached, Garage - 1 Car
  • Total Parking: 5

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 37.04
  • Assessed Improvement Value: 643876
  • Assessed Land Percent: 62.96
  • Assessed Land Value: 1094594
  • Total Assessed Value: 1738470
  • Assessor Parcel Number: 4276-017-029
  • Lot Size Area: 5326

Rental Info

  • Owner Pays: Water, Gardener
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 16.53
  • Number Of Units: 4
  • Total Annual Expense: 51318
  • Type Of Units: Apartments
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2024
Closed on
Jul 19, 2024
Sold by
Kouretchian Hamid and Polvandeh Golnar
Bought by
Hampol Llc
Seller's Agent
Benjamin Hsiang
Realty Investment Advisors, Inc.
Buyer's Agent
Yar Meshkaty
Coldwell Banker Realty
List Price
$2,995,000
Sold Price
$2,850,000
Premium/Discount to List
-$145,000
-4.84%
Views
33
Current Estimated Value
$2,938,469

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,469
Avg. Annual Appreciation
2.87%
Original Mortgage
$1,000,000
Outstanding Balance
$989,744
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$1,948,725

Purchase Details

Closed on
Nov 15, 2014
Sold by
Arnaud Kahi Dean
Bought by
Godoy Diego Vinals and 1223 23Rd Street Property Trust

Purchase Details

Closed on
Feb 5, 2013
Sold by
1227 23Rd Street Llc
Bought by
Viaris De Lesegno Romain and Ribet Vetea Jonathan

Purchase Details

Closed on
Jul 26, 2010
Sold by
Laille Leila
Bought by
Viaris De Lesegno Romain

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 2, 2009
Sold by
Flavr Investments Llc
Bought by
Arnaud Kahi Dean and Flosse Kote

Purchase Details

Closed on
Jun 1, 2007
Sold by
Viaris De Lesegno Romain
Bought by
Flavr 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
$1,000,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 21, 2007
Sold by
Colony Taiwan Reoc I Llc
Bought by
Viaris De Lesegno Romain

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 8, 2003
Sold by
Colony Korea Reoc I Llc
Bought by
Colony Taiwan Reoc I Llc

Purchase Details

Closed on
Sep 27, 2001
Sold by
Colony Korea Operating Company Llc
Bought by
Colony Korea Reoc I Llc

Purchase Details

Closed on
Jan 30, 2001
Sold by
Macdonald Cheryl Lynn
Bought by
Macdonald Nicholas

Purchase Details

Closed on
Jan 22, 2001
Sold by
Macdonald Johan
Bought by
Colony Korea Operating Company Llc
Source: Public Records

Range of Values:

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Average Value
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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
Hampol Llc -- --
Kouretchian Hamid $2,850,000 Old Republic Title Company
Godoy Diego Vinals -- None Available
Viaris De Lesegno Romain -- None Available
Viaris De Lesegno Romain -- First American Title Lenders
Flosse Kote -- First American Title Lenders
Arnaud Kahi Dean -- None Available
Flavr Investments Llc -- None Available
Viaris De Lesegno Romain -- Stewart Title
Colony Taiwan Reoc I Llc $820,000 Chicago Title Co
Colony Korea Reoc I Llc -- Stewart Title
Macdonald Nicholas -- Stewart Title
Colony Korea Operating Company Llc $750,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kouretchian Hamid $1,000,000
Previous Owner Godoy Diego Vinals $936,000
Previous Owner Flosse Kote $1,000,000
Previous Owner Viaris De Lesegno Romain $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2024 07/26/24 Sold $2,850,000 -4.8% $537 / Sq Ft
07/25/2024 07/25/24 Pending -- -- --
05/03/2024 05/03/24 For Sale $2,995,000 0.0% $565 / Sq Ft
04/11/2024 04/11/24 Pending -- -- --
03/21/2024 03/21/24 For Sale $2,995,000 -- $565 / Sq Ft
Source: The MLS

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 $21,742 $2,850,000 $2,500,000 $350,000
2024 $21,742 $1,773,238 $1,116,485 $656,753
2023 $21,398 $1,738,470 $1,094,594 $643,876
2022 $21,129 $1,704,383 $1,073,132 $631,251
2021 $20,587 $1,670,965 $1,052,091 $618,874
2019 $20,240 $1,621,406 $1,020,887 $600,519
2018 $18,989 $1,589,615 $1,000,870 $588,745
2017 $18,906 $1,558,447 $981,246 $577,201
2016 $18,257 $1,527,890 $962,006 $565,884
2015 $18,022 $1,500,000 $950,000 $550,000
2014 $17,785 $1,475,461 $928,995 $546,466
Source: Public Records

Agents Affiliated with this Home

  • Benjamin Hsiang

    Seller's Agent in 2024

    Benjamin Hsiang

    Realty Investment Advisors, Inc.

    (424) 377-6001

    1 in this area

    73 Total Sales

    Benjamin Hsiang
    Section Image
  • Don Favia

    Seller Co-Listing Agent in 2024

    Don Favia

    Realty Investment Advisors, Inc.

    (424) 377-6007

    1 in this area

    26 Total Sales

    Don Favia
    Section Image
  • Yar Meshkaty

    Buyer's Agent in 2024

    Yar Meshkaty

    Coldwell Banker Realty

    (310) 666-6394

    1 in this area

    29 Total Sales

    Yar Meshkaty
    Section Image
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Map

Source: The MLS

MLS Number: 24-370605

The MLS

APN: 4276-017-029

California Los Angeles County Santa Monica 90404 Mid-City Santa Monica

1223 23rd St, Santa Monica, CA

This home is located at 1223 23rd St, Santa Monica, CA 90404 since 21 March 2024 and is currently estimated at $2,938,469, approximately $554 per square foot. This property was built in 1961. 1223 23rd St is a home located in Los Angeles County with nearby schools including McKinley Elementary School, Lincoln Middle School, and Santa Monica High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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