Seller's Agent in 2018
Woody Stahl
Lyon Stahl Investment Real Est
(310) 710-3829
17 in this area
152 Total Sales
123 40th St Manhattan Beach, CA 90266
Estimated Value: $2,525,000 - $2,996,000
4
Beds
4
Baths
1,464
Sq Ft
1,346
Sq Ft Lot
About This Home
As of August 2018123 40th St is a highly sought-after duplex located less than a block from the beach -- at the bottom of 40th St. This well-maintained 1,464 SF building was built in 1987 and is situated on a 1,348 sq. ft. lot. The property has a unit mix of two (2) 2-bed/ 2-bath units. Just 4 lots from the Strand, this property is conveniently located in Manhattan Beach and features a 4-car garage, 2 parking spaces, and each unit has its own private balcony overlooking the beach. This property is a great opportunity for an investor looking to acquire prime real estate in Manhattan Beach.
Last Agent to Sell the Property
Lyon Stahl Investment Real Est License #01399621 Listed on: 07/06/2018
Last Buyer's Agent
Lyon Stahl Investment Real Est License #01399621 Listed on: 07/06/2018
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $28,318
Year Built
- Built in 1987
Lot Details
- No Common Walls
- Gentle Sloping Lot
Parking
- 4 Car Garage
Home Design
- 1,464 Sq Ft Home
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Outdoor Features
- Exterior Lighting
- Rain Gutters
Listing and Financial Details
- Tax Lot 2
- Tax Tract Number 3718
- Assessor Parcel Number 4137009064
Community Details
Overview
- 2 Units
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $600
- Fuel Expense $600
- Insurance Expense $659
- Maintenance Expense $2,916
- Trash Expense $600
- Water Sewer Expense $600
- New Taxes Expense $24,938
- Operating Expense $30,912
- Gross Income $94,284
- Net Operating Income $63,372
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 28, 2021
Sold by
Hashemian Shahriar and Hashemian Atoosa
Bought by
Hb Elite Management Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,223,576
Outstanding Balance
$1,112,610
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,726,491
Purchase Details
Closed on
Mar 17, 2021
Sold by
Hashemian Shahriar and Hashemian Atoosa Kati
Bought by
Hb Elite Management Llc
Purchase Details
Closed on
Feb 11, 2020
Sold by
Hashemian Shahriar and Hashemian Atoosa Kati
Bought by
Hashemian Shahriar and Hashemian Atoosa Kati
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,239,000
Interest Rate
3.6%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jul 6, 2018
Closed on
Jul 24, 2018
Sold by
123 40Th Street Llc
Bought by
The Hashemian Family Trust
Seller's Agent
Woody Stahl
Lyon Stahl Investment Real Est
Buyer's Agent
Woody Stahl
Lyon Stahl Investment Real Est
List Price
$1,995,000
Sold Price
$2,137,500
Premium/Discount to List
$142,500
7.14%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.13%
Original Mortgage
$1,260,000
Interest Rate
4.5%
Mortgage Type
New Conventional
Purchase Details
Listed on
Mar 18, 2014
Closed on
Apr 1, 2014
Sold by
Weber Jack
Bought by
123 40Th St Llc
Seller's Agent
Jack Weber
Keller Williams Realty
Buyer's Agent
Jack Weber
Keller Williams Realty
List Price
$1,550,000
Sold Price
$1,550,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.82%
Original Mortgage
$930,000
Interest Rate
4.31%
Mortgage Type
Unknown
Purchase Details
Closed on
Mar 5, 1999
Sold by
Weber Jack D
Bought by
Weber Jack and 1999 Jack Weber Revocable Trust
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hb Elite Management Llc | -- | Accommodation | |
| Hb Elite Management Llc | -- | None Available | |
| Hashemian Shahriar | -- | First American Title Ins Co | |
| The Hashemian Family Trust | $2,137,500 | Usa National Title Co | |
| 123 40Th St Llc | $1,550,000 | Fidelity National Title Co | |
| Weber Jack | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Hashemian Shahriar | $1,223,576 | |
| Previous Owner | Hashemian Shahriar | $1,239,000 | |
| Previous Owner | Hashemian Shahriar | $1,239,000 | |
| Previous Owner | The Hashemian Family Trust | $1,260,000 | |
| Previous Owner | 123 40Th Street Llc | $9,353,500 | |
| Previous Owner | 123 40Th Street Llc | $5,600,000 | |
| Previous Owner | 123 40Th Street Llc | $2,000,000 | |
| Previous Owner | 123 40Th Street Llc | $930,000 | |
| Previous Owner | 123 40Th St Llc | $930,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/17/2018 08/17/18 | Sold | $2,137,500 | +7.1% | $1,460 / Sq Ft |
| 07/19/2018 07/19/18 | Pending | -- | -- | -- |
| 07/06/2018 07/06/18 | For Sale | $1,995,000 | +28.7% | $1,363 / Sq Ft |
| 05/13/2014 05/13/14 | Sold | $1,550,000 | 0.0% | $1,059 / Sq Ft |
| 04/02/2014 04/02/14 | Pending | -- | -- | -- |
| 03/18/2014 03/18/14 | For Sale | $1,550,000 | -- | $1,059 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $28,318 | $2,384,416 | $2,119,483 | $264,933 |
| 2024 | $28,318 | $2,337,664 | $2,077,925 | $259,739 |
| 2023 | $27,635 | $2,291,829 | $2,037,182 | $254,647 |
| 2022 | $27,181 | $2,246,892 | $1,997,238 | $249,654 |
| 2021 | $26,771 | $2,202,836 | $1,958,077 | $244,759 |
| 2020 | $26,535 | $2,180,250 | $1,938,000 | $242,250 |
| 2019 | $24,454 | $2,137,500 | $1,900,000 | $237,500 |
| 2018 | $19,227 | $1,669,922 | $1,346,712 | $323,210 |
| 2016 | $17,858 | $1,605,078 | $1,294,418 | $310,660 |
| 2015 | $17,488 | $1,580,969 | $1,274,975 | $305,994 |
| 2014 | -- | $635,465 | $348,788 | $286,677 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2018
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
(310) 780-1899
12 in this area
143 Total Sales
-
J
Seller's Agent in 2014
Jack Weber
Keller Williams Realty
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB18162604
APN: 4137-009-064
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