NOT LISTED FOR SALE
10 Beds
9 Baths
7,547 Sq Ft
7,478 Sq Ft Lot

Sale Details

Date Sold: November 26, 2018

Last sale price $3,700,000 $490 Per Sq Ft

79 Days on Market

Highlights

  • Spa
  • Spa Bath
  • Laundry Facilities
  • Roosevelt Elementary School Rated A+
  • Ceiling Fan

About This Home

As of November 2018

A great well maintained 9 unit building less than a block South of Wilshire. Most units have updated kitchens and baths. Lower units have really big patios. Most upper units have balcony's. Plenty of parking and easy maintained landscaping. Short distance to grocery stores, Starbucks on the corner, plenty of restaurants. Easy access to all public transportation and the beach. Close to Santa Monica medical facilities. 8 one bedrooms with 1 bath and one 2 bedroom 1 bath. Rents are effective 9/1/2018. Unit 7, 1 bedroom vacant and rent is estimated. Parking 5 spaces in rear as well as 6 tandem in front of the building. PRICE REDUCED OVER $200K.

Last Agent to Sell the Property

Shirley Bly

Bulldog Realtors, Inc. License #00812244 Listed on: 07/10/2018

Last Buyer's Agent

Shirley Bly

Bulldog Realtors, Inc. License #00812244 Listed on: 07/10/2018

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

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 7,478 Sq Ft Lot
  • Lot Dimensions are 50x150

Home Design

  • Flat Roof Shape
  • Composition Roof
  • Stucco

Interior Spaces

  • 7,547 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 9 Bathrooms
  • Spa Bath

Parking

  • 11 Parking Spaces
  • 11 Carport Spaces
  • Assigned Parking

Pool

  • Spa

Utilities

  • Heating System Mounted To A Wall or Window
  • Gas Water Heater

Community Details

  • 9 Units
  • Laundry Facilities
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 4282-006-017

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

7,478 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Complex Name: Wilshire Patios
  • Living Area: 7547
  • Lot Dimensions: 50x150
  • Probate: No
  • Stories: 2
  • Year Built: 1955
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Carpet: 2
  • Number Dishwasher: 9
  • Number Disposal: 9
  • Bedrooms: 10
  • Common Walls: Attached
  • Laundry: Community
  • Total Bathrooms: 9.00
  • Equipment: Ceiling Fan, Dishwasher, Garbage Disposal, Microwave, Refrigerator
  • Price Per S Q F T: 529.88

Exterior Features

  • Construction: Stucco
  • Tennis Court Y/N: No
  • Number Patio: 8
  • Pool: No
  • Roof: Composition, Flat
  • Spa: Bath Tub
  • Spa Yn: Yes

Garage/Parking

  • Carport Spaces: 11
  • Parking Garage: Assigned
  • Total Parking: 11

Utilities

  • Water Heater: Gas
  • Electric Expense: 540.00
  • Heating: Wall
  • Number Electric Meters: 9
  • Number Gas Meters: 9
  • Water Expense: 6000.00
  • Water Heaters: Yes

Fee Information

  • Gas Expense: 360.00
  • Insurance Expense: 3156.00

Lot Info

  • Assessed Improvement Value: 852739
  • Assessed Land Value: 1321146
  • Assessor Parcel Number: 4282-006-017
  • Geocode Override: Yes
  • Lot Size Area: 7478

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114
  • Gross Rent Multiplier: 16.60
  • Gross Scheduled Income: 239820.00
  • Number Of Units: 9
  • Rent Control: 9
  • Type Of Units: Income

Tax Info

  • Tax Expense: 44000.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 20, 2019
Sold by
Bought by

Purchase Details

Listed on
Jul 10, 2018
Closed on
Nov 9, 2018
Sold by
Bought by
Seller's Agent
Shirley Bly
Bulldog Realtors, Inc.
Buyer's Agent
Shirley Bly
Bulldog Realtors, Inc.
List Price
$4,200,000
Sold Price
$3,700,000
Premium/Discount to List
-$500,000
-11.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,900,000
Interest Rate
4.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 5, 2007
Sold by
Bought by

Purchase Details

Closed on
Mar 3, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
5.77%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 24, 2001
Sold by
Bought by

Purchase Details

Closed on
May 2, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$701,250
Interest Rate
8.18%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 10, 1998
Sold by
Bought by

Purchase Details

Closed on
Mar 31, 1998
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Mid-City Santa Monica, CA

See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$5,600,000 Progressive Title Company
$3,700,000 Lawyers Title Company
-- None Available
$1,737,272 Chicago Title Co
-- --
-- First American Title Ins
$950,000 First American Title Ins
-- First American Title Ins
$645,000 First American Title Ins
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,900,000
Previous Owner $800,000
Previous Owner $750,000
Previous Owner $701,250
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/26/2018 11/26/18 Sold $3,700,000 -7.5% $490 / Sq Ft
09/03/2018 09/03/18 Price Changed $3,999,000 -4.8% $530 / Sq Ft
07/10/2018 07/10/18 For Sale $4,200,000 -- $557 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $75,843 $6,124,415 $5,468,229 $656,186
2024 $71,177 $6,004,329 $5,361,009 $643,320
2023 $70,054 $5,886,598 $5,255,892 $630,706
2022 $69,228 $5,771,176 $5,152,836 $618,340
2021 $67,580 $5,658,016 $5,051,800 $606,216
2019 $45,393 $3,700,000 $3,000,000 $700,000
2018 $26,717 $2,217,361 $1,347,568 $869,793
2016 $25,657 $2,131,261 $1,295,242 $836,019
2015 $25,332 $2,099,249 $1,275,787 $823,462
2014 $25,025 $2,058,129 $1,250,797 $807,332
Source: Public Records

Agents Affiliated with this Home

See All Agents

Map

Source: The MLS

MLS Number: 18-362364

The MLS
Your Personal Tour Guide

Ask me questions while you tour the home.