NOT LISTED FOR SALE
15 Beds
8 Baths
5,984 Sq Ft
7,100 Sq Ft Lot

Sale Details

Date Sold: September 26, 2018

Last sale price $2,750,000 $460 Per Sq Ft

15 Days on Market

About This Home

As of September 2018

This is a fantastic investment opportunity with great added value potential! 8 units, fully occupied, in coveted Mar Vista location. Gateway to the Marina. Close to Venice Beach, Marina Del Rey, and lots of shopping and entertainment. Newly re-piped entire building, fresh exterior paint and landscaping. No seismic retrofitting required!

Last Agent to Sell the Property

Manuel Galvan

Chris Walter Realty License #00546724 Listed on: 07/08/2018

Last Buyer's Agent

Nico Rosmarin

Lyon Stahl Investment Real Estate, Inc. License #02023847

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 7,100

Interior Spaces

  • 5,984 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Disposal

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 8 Bathrooms

Parking

  • 7 Parking Spaces
  • Assigned Parking

Additional Features

  • 7,100 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 4236-019-022

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

7,100 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: This is a fantastic investment opportunity with great added value potential! 8 units, fully occupied, in coveted Mar Vista location. Gateway to the Marina. Close to Venice Beach, Marina Del Rey, and lots of shopping and entertainment. Newly re-piped entire building, fresh exterior paint and landscaping. No seismic retrofitting required!
  • Living Area: 5984
  • Stories: 2
  • Year Built: 1957
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 15
  • Total Bathrooms: 8.00
  • Equipment: Garbage Disposal, Hood Fan, Range/Oven, Refrigerator
  • Price Per S Q F T: 484.63

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 7

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 792184
  • Assessed Land Value: 1056244
  • Assessor Parcel Number: 4236-019-022
  • Geocode Override: No
  • Lot Size Area: 7100

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
  • Gross Rent Multiplier: 18.60
  • Number Of Units: 8
  • Rent Control: 100
  • Type Of Units: 7-2/1; 1-1/1

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
Feb 18, 2022
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
$5,140,000
Interest Rate
0.0355%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 11, 2022
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
$5,140,000
Interest Rate
0.0355%
Mortgage Type
Seller Take Back
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$2,098,500 Old Republic Title
$12,676,500 Old Republic Title
$2,308,500 Old Republic Title
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
Closed $3,000,000
Open $4,550,000
Closed $2,500,000
Closed $5,140,000
Previous Owner --
Previous Owner $6,500,000
Previous Owner $680,000
Previous Owner $22,500
Previous Owner $45,000
Previous Owner $80,000
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 Prior Sale
09/26/2018 09/26/18 Sold $2,750,000 -5.2% $460 / Sq Ft
07/08/2018 07/08/18 For Sale $2,900,000 +65.7% $485 / Sq Ft
09/18/2013 09/18/13 Sold $1,750,000 0.0% $292 / Sq Ft View Prior Sale
07/18/2013 07/18/13 Pending -- -- --
07/01/2013 07/01/13 For Sale $1,750,000 -- $292 / 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 $994,271 $19,065,689 $11,965,689 $7,100,000
2024 $905,082 $11,731,072 $11,731,072
2023 $139,114 $11,501,051 $11,501,051 $0
2022 $42,429 $3,408,850 $2,442,371 $966,479
2021 $41,025 $3,342,011 $2,394,482 $947,529
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 18-362356

The MLS
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