NOT LISTED FOR SALE

Estimated Value: $5,620,000 - $6,403,000

7 Beds
4 Baths
2,650 Sq Ft
$2,291/Sq Ft Est. Value

Last Sold April 10, 2024

Last sale price $5,950,000 $2,245 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $36,017/month

8 Days on Market

Highlights

  • Ocean View
  • No HOA
  • Rectangular Lot
  • Opal Robinson Elementary School Rated A
  • Laundry Room

About This Home

As of April 2024

Welcome to 128 8th Street, a stunning walk street property located 5 lots from the Strand and on the south edge of town. This beautiful property presents a rare opportunity to live just steps from the beach and just steps from downtown Manhattan Beach with its outstanding restaurants and shops. With stunning ocean and coastline views, along with it's A+ location, this property offers the opportunity to experience an incomparable coastal lifestyle either as a primary residence, a family beach house or as an incredible location to build your dream home. The property is comprised of 2 separate structures and both have been upgraded to designer perfection(In the recent past, the main house was recently leased for $12,000/month. Both units are currently vacant). The main house is 4 bedrooms and 2.5 baths and was originally built in 1938. The entry level has the kitchen, dining area, living room and 1/2 bath. There are 3 bedrooms and 1 bathroom on the 2nd level. The primary bedroom is on the 3rd floor and has a large deck with views of both the coastline and downtown. The rear unit is above the 2 car carport and has 3 bedrooms and 1 bathroom. Both units have private backyards. Manhattan Beach is world famous for it's beaches, lifestyle, downtown and excellent schools. Contact listing agent for info on neighboring new build.

Last Agent to Sell the Property

Gerard Bisignano

Vista Sotheby’s International Realty Brokerage Phone: 310-990-4727 License #01116110 Listed on: 02/13/2024

Vista Sotheby’s International Realty

Last Buyer's Agent

Brittney Austin

Vista Sotheby’s International Realty License #01799654

Vista Sotheby’s International Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1938

Lot Details

  • 2,697 Sq Ft Lot
  • Rectangular Lot

Parking

  • 2 Car Garage

Property Views

  • Ocean
  • Coastline

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 7 Bedrooms
  • 2,650 Sq Ft Home
  • 2-Story Property

Laundry

  • Laundry Room
  • Laundry Located Outside

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 4180030024
  • $1 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Home Details

Home Type

Single Family

Year Built

Built in 1938

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Water Sewer Expenses: 100.00
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Parcel Number: 4180030024
  • Year Built: 1938
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 2245.28

Exterior Features

  • View: Coastline, Ocean
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Trash Expense: 200.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 2697.00
  • Lot Size Acres: 0.0619

Multi Family

  • Electric Expense: 350.00
  • Fuel Expense: 300.00
  • Gross Income: 204000.00
  • Gross Scheduled Income: 204000.00
  • Insurance Expense: 500.00
  • Lot Size Area: 2697.0000 Square Feet
  • Net Operating Income: 202000.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 2000.00
  • Rent Control: No
  • Total Expenses: 1500.00

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 1
  • TaxOtherAnnualAssessmentAmount: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2024
Closed on
Apr 16, 2024
Sold by
Kotoyantz Arshak G and Kotoyantz Carla G
Bought by
128 Holdings Llc
Seller's Agent
Gerard Bisignano
Vista Sotheby’s International Realty
Buyer's Agent
Brittney Austin
Vista Sotheby’s International Realty
List Price
$6,250,000
Sold Price
$5,950,000
Premium/Discount to List
-$300,000
-4.8%
Views
46
Current Estimated Value
$6,072,134

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$122,134
Avg. Annual Appreciation
1.14%
Original Mortgage
$2,300,000
Outstanding Balance
$2,256,028
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
$3,816,106

Purchase Details

Listed on
Feb 13, 2024
Closed on
Mar 15, 2024
Sold by
Stevens Living Trust and Brent Stevens M
Bought by
Kotoyantz Arshak G and Kotoyantz Carla G
Seller's Agent
Gerard Bisignano
Vista Sotheby’s International Realty
Buyer's Agent
Brittney Austin
Vista Sotheby’s International Realty
List Price
$6,250,000
Sold Price
$5,950,000
Premium/Discount to List
-$300,000
-4.8%
Views
46

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,300,000
Outstanding Balance
$2,256,028
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
$3,816,106

Purchase Details

Listed on
Sep 5, 2013
Closed on
Jan 3, 2014
Sold by
Gma Krantz Properties Lp
Bought by
The Stevens Living Trust
Seller's Agent
Darin DeRenzis
Vista Sotheby’s International Realty
Buyer's Agent
Gerard Bisignano
Vista Sotheby’s International Realty
List Price
$4,150,000
Sold Price
$3,950,000
Premium/Discount to List
-$200,000
-4.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.07%

Purchase Details

Closed on
Jun 14, 2005
Sold by
Krantz George and Krantz Mary Ann
Bought by
Krantz George and Krantz Mary Ann
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
128 Holdings Llc -- Upward Title Company
Kotoyantz Arshak G $5,950,000 Upward Title Company
The Stevens Living Trust -- Fnt
Gma Krantz Properties Lp -- Fnt
Krantz George -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kotoyantz Arshak G $2,300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/10/2024 04/10/24 Sold $5,950,000 -4.8% $2,245 / Sq Ft
04/10/2024 04/10/24 Price Changed $6,250,000 0.0% $2,358 / Sq Ft
03/27/2024 03/27/24 Price Changed $6,250,000 0.0% $2,358 / Sq Ft
03/27/2024 03/27/24 For Sale $6,250,000 0.0% $2,358 / Sq Ft
02/21/2024 02/21/24 Pending -- -- --
02/13/2024 02/13/24 For Sale $6,250,000 0.0% $2,358 / Sq Ft
03/12/2023 03/12/23 Rented $12,500 0.0% --
03/09/2023 03/09/23 Under Contract -- -- --
02/09/2023 02/09/23 For Rent $12,500 +25.0% --
10/05/2017 10/05/17 Rented $10,000 -16.0% --
08/15/2017 08/15/17 Price Changed $11,900 -4.8% $5 / Sq Ft
06/21/2017 06/21/17 For Rent $12,500 0.0% --
01/22/2016 01/22/16 Rented $12,500 -16.7% --
01/05/2016 01/05/16 For Rent $15,000 0.0% --
01/09/2014 01/09/14 Sold $3,950,000 -4.8% $1,218 / Sq Ft View Prior Sale
09/18/2013 09/18/13 Pending -- -- --
09/05/2013 09/05/13 For Sale $4,150,000 -- $1,279 / 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 $53,834 $6,069,000 $6,018,000 $51,000
2024 $53,834 $4,747,205 $4,518,864 $228,341
2023 $52,489 $4,654,123 $4,430,259 $223,864
2022 $51,576 $4,562,867 $4,343,392 $219,475
2021 $50,668 $4,473,400 $4,258,228 $215,172
2020 $50,200 $4,427,532 $4,214,566 $212,966
2019 $49,297 $4,340,719 $4,131,928 $208,791
2018 $48,367 $4,255,608 $4,050,910 $204,698
2016 $45,221 $4,090,359 $3,893,609 $196,750
2015 $44,280 $4,028,919 $3,835,124 $193,795
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24030731

California Regional Multiple Listing Service (CRMLS)

APN: 4180-030-024