NOT LISTED FOR SALE

1335 Manhattan Beach Blvd Manhattan Beach, CA 90266

Estimated Value: $2,701,000 - $4,233,000

8 Beds
5 Baths
3,942 Sq Ft
$794/Sq Ft Est. Value

Sale Details

Date Sold: January 13, 2017

Last sale price $2,875,000 $729 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $19,844 / mo

96 Days on Market

Highlights

  • Laundry Room
  • 4 Car Garage
  • Wall Furnace
  • Meadows Avenue Elementary School Rated A+
  • Stacked Washer and Dryer

About This Home

As of January 2017

This property has recently undergone a top to bottom remodel, receiving a fresh and modern make over inside and out. The subject property consists of 4 spacious apartment units, with a two-story, townhome style unit in the front. There is an excellent unit mix of one 2 bedroom, 2 bath townhome unit and three 2 bedroom, 1 bath single level apartments. The units have attractive open layouts, all with private patios. Each unit has been meticulously updated with contemporary finishes including new: white shaker cabinets, grey quartz counter tops, white subway tile kitchen backsplashes, interior doors and hardware, stainless steel Samsung appliances (dishwasher, microwave, range and fridge), Washer and Dryer in each unit, recessed lighting, modern wood laminate flooring, tub, wall tile, floor tile, paint and fixtures. The on-site parking consists of four garage spaces, plus an uncovered space next to the garage. There is key-coded gate access and key-coded garage doors for added security to the residents. Property can be sold on its own, or packaged with the three adjacent APN’s 4166-010-020, 4166-010-021, 4166-010-022.

Last Agent to Sell the Property

Adam Barshay

Barshay Real Estate, Inc. License #01354021 Listed on: 08/31/2016

Co-Listed By

Bryan Bohlinger

Bohlinger Properties, Inc. License #01522061

Last Buyer's Agent

Chris Eto

Ocean Palisades Realty, Inc. License #01967104

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1967

Lot Details

  • 4,999 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • Property Attached

Interior Spaces

  • 3,942 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 19 / 59
  • Tax Tract Number 141
  • Assessor Parcel Number 4166010019

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $2,902
  • Gardener Expense $516
  • Insurance Expense $1,448
  • Maintenance Expense $1,926
  • Professional Management Expense $6,401
  • Trash Expense $950
  • Water Sewer Expense $1,224
  • New Taxes Expense $33,320
  • Gross Income $13,335
  • Net Operating Income $106,261

Property Details

Home Type

Multi-Family

Year Built

Built in 1967

Lot Details

4,999 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 6401.00
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved
  • Water Sewer Expenses: 1224.00
  • Zoning: MNRH
  • Property Type: Residential Income
  • Gardener Expense: 516.00
  • Parcel Number: 4166010019
  • Year Built: 1967
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 729.33
  • Room Type: Living Room

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Electricity Available, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Microwave
  • Heating Type: Wall Furnace
  • Laundry Features: Inside, Stackable
  • Trash Expense: 950.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 4999.00
  • Price Per Lot Square Foot: 599.12

Multi Family

  • Electric Expense: 2902.00
  • Gross Income: 13335.00
  • Gross Scheduled Income: 160020.00
  • Insurance Expense: 1448.00
  • Maintenance Expense: 1926.00
  • Net Operating Income: 106261.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 48958.00
  • Operating Expense Percent: 31.00
  • Rent Control: No
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 33320.00
  • Tax Block: 59
  • Tax Lot: 19
  • Tax Tract Number: 141

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 29, 2024
Sold by
Cohen Brett and Cuellar Sarah
Bought by
1335 Mb Llc
Current Estimated Value
$3,129,280

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,650,000
Outstanding Balance
$1,624,116
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$1,505,164

Purchase Details

Closed on
Jun 28, 2024
Sold by
Chishima Real Esate Co Ltd
Bought by
Spk Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,650,000
Outstanding Balance
$1,624,116
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$1,505,164

Purchase Details

Closed on
Jun 17, 2024
Sold by
Spk Enterprises Llc
Bought by
Cohen Brett and Cuellar Sarah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,650,000
Outstanding Balance
$1,624,116
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$1,505,164

Purchase Details

Listed on
Aug 31, 2016
Closed on
Dec 16, 2016
Sold by
Indiana Es 3 & 4 Llc
Bought by
Chishima Real Estate Co Ltd
Seller's Agent
Adam Barshay
Barshay Real Estate, Inc.
Buyer's Agent
Chris Eto
Ocean Palisades Realty, Inc.
List Price
$2,995,000
Sold Price
$2,875,000
Premium/Discount to List
-$120,000
-4.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.92%

Purchase Details

Listed on
Sep 16, 2015
Closed on
Nov 20, 2015
Sold by
Brown Family Investments Llc
Bought by
Indiana Es 3 & 4 Llc and Manhattan Blvd Four Llc
Seller's Agent
Adam Barshay
Barshay Real Estate, Inc.
Buyer's Agent
Jackson Beaudelaire
Barshay Real Estate, Inc.
List Price
$8,500,000
Sold Price
$8,800,000
Premium/Discount to List
$300,000
3.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-62.52%
Original Mortgage
$6,800,000
Interest Rate
3.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 8, 2005
Sold by
Brown Elizabeth N
Bought by
Brown Family Investments Llc

Purchase Details

Closed on
Jun 18, 1998
Sold by
Brown Elizabeth N
Bought by
Brown Elizabeth N and The Harry & Elizabeth Brown 1989 Revocab
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
1335 Mb Llc -- None Listed On Document
Spk Enterprises Llc $2,775,000 None Listed On Document
Cohen Brett $2,775,000 Commonwealth Land Title Compan
Chishima Real Estate Co Ltd $11,500,000 Usa National Title Co
Indiana Es 3 & 4 Llc $8,800,000 Usa National Title Company
Brown Family Investments Llc -- --
Brown Elizabeth N -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Spk Enterprises Llc $1,650,000
Previous Owner Cohen Brett $1,475,000
Previous Owner Indiana Es 3 & 4 Llc $6,800,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/13/2017 01/13/17 Sold $2,875,000 0.0% $729 / Sq Ft
12/05/2016 12/05/16 Pending -- -- --
11/10/2016 11/10/16 Price Changed $2,875,000 -4.0% $729 / Sq Ft
08/31/2016 08/31/16 For Sale $2,995,000 -66.0% $760 / Sq Ft
11/25/2015 11/25/15 Sold $8,800,000 +3.5% $558 / Sq Ft View Prior Sale
10/07/2015 10/07/15 Pending -- -- --
09/16/2015 09/16/15 For Sale $8,500,000 -- $539 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $37,671 $2,775,000 $2,000,000 $775,000
2024 $37,671 $3,271,254 $1,354,014 $1,917,240
2023 $36,641 $3,207,113 $1,327,465 $1,879,648
2022 $36,011 $3,144,230 $1,301,437 $1,842,793
2021 $35,451 $3,082,579 $1,275,919 $1,806,660
2019 $34,502 $2,991,150 $1,238,076 $1,753,074
2018 $33,794 $2,932,500 $1,213,800 $1,718,700
2016 $24,769 $2,200,000 $1,700,000 $500,000
2015 $2,475 $163,763 $69,745 $94,018
2014 $2,475 $160,556 $68,379 $92,177
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16192068

California Regional Multiple Listing Service (CRMLS)

APN: 4166-010-019

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