NOT LISTED FOR SALE

Estimated Value: $1,475,000 - $3,423,863

4 Beds
4 Baths
2,496 Sq Ft
$1,126/Sq Ft Est. Value

Last Sold August 20, 2013

Last sale price $1,650,000 $661 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $17,293/month

17 Days on Market

Highlights

  • 1-Story Property
  • Will Rogers Elementary Rated A
  • Laundry Facilities

About This Home

As of August 2013

Great Investment opportunity! Four apartments with four individual garages. Property was remodeled in 2012, plumbing, paint, electrical panels, gas meters, water heaters, hardwood floors, etc. Property 1332 Ocean Park, also for sale. R3 Zoning. Prime Santa Monica location and HUGE APX 14,000 sq. ft. lot (APN's: 4285-003-008 &4285-003-009) makes it a great candidate for condominium development. Owner had approved plans to build eight 2 & 3 Bedroom Townhomes. Hold or develop. Rents, land, and condo/townhome prices have only appreciated in the the area.Please do not disturb tenants. Shown with accepted offer. Check Remarks for more information.

Last Agent to Sell the Property

Amaia Anchustegui

Marina Del Rey Realty License #01232694 Listed on: 05/14/2013

Co-Listed By

Anthony F. Kelly

Coldwell Banker Realty License #01450642

Last Buyer's Agent

Anthony F. Kelly

Coldwell Banker Realty License #01450642

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,096

Year Built

  • Built in 1941

Lot Details

  • 6,975 Sq Ft Lot

Parking

  • 4 Car Garage

Interior Spaces

  • 2,496 Sq Ft Home
  • 1-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Assessor Parcel Number 4285-003-009

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,096

Year Built

Built in 1941

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: Yes
  • Complex Name: Ocean Park
  • Living Area: 2496
  • Year Built: 1941
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 4
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Community
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Range/Oven
  • Price Per S Q F T: 661.06

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Garage Spaces: 4
  • Other Spaces: 4
  • Covered Parking: 4
  • Parking Garage: Garage - 4+ Car
  • Total Parking: 8

Utilities

  • Cooling: Window Unit(s)
  • Electric Expense: 600.00
  • Heating: Wall
  • Water: In Street
  • Water Expense: 756.00

Fee Information

  • Gas Expense: 180.00

Schools

  • School District: Santa Monica-Malibu Unified School District

Lot Info

  • Additions Alterations: No
  • Assessed Improvement Value: 110973
  • Assessed Land Value: 1082011
  • Assessor Parcel Number: 4285-003-009
  • Geocode Override: No
  • Lot Size Area: 6975

Rental Info

  • Total Actual Rent: 82080.00
  • Monthly Gross Income: 6840.00

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 20.10
  • Number Of Units: 4
  • Total Annual Expense: 4896
  • Type Of Units: apartments
  • Vacancy Rate: 0

MLS Schools

  • School District: Santa Monica-Malibu Unified School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 28, 2017
Sold by
Johns Linda
Bought by
Swartz Bruce
Current Estimated Value
$2,810,716

Purchase Details

Closed on
Aug 14, 2017
Sold by
Remington Michael S
Bought by
Remington Michael Swartz and Michael Swartz Remington Trsut

Purchase Details

Closed on
May 14, 2017
Sold by
Remington Michael Swartz
Bought by
Mps Properties Llc

Purchase Details

Listed on
May 14, 2013
Closed on
Jul 26, 2013
Sold by
New West Tc Llc
Bought by
Remington Michael S and Swartz Bruce
Seller's Agent
Amaia Anchustegui
Marina Del Rey Realty
Buyer's Agent
Anthony F. Kelly
Coldwell Banker Realty
List Price
$1,650,000
Sold Price
$1,650,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.53%
Original Mortgage
$800,000
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 30, 2004
Sold by
Shaw Matt
Bought by
New West Tc Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$645,000
Interest Rate
4.4%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
May 19, 2003
Sold by
Dhir Vashita
Bought by
Shaw Matt

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,150
Interest Rate
5.18%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 22, 1997
Sold by
Dhir Vijay K
Bought by
Dhir Vashita
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Swartz Bruce -- None Available
Remington Michael Swartz -- None Available
Mps Properties Llc -- None Available
Remington Michael S $1,650,016 Orange Coast Title Company
New West Tc Llc $1,075,000 Alliance Title
Shaw Matt $742,500 First American Title Co
Dhir Vashita -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mps Properties Llc $712,000
Previous Owner Remington Michael S $800,000
Previous Owner New West Tc Llc $645,000
Previous Owner Shaw Matt Adam $74,650
Previous Owner Shaw Matthew A $74,150
Previous Owner Shaw Matt $594,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2013 08/20/13 Sold $1,650,000 0.0% $661 / Sq Ft
05/31/2013 05/31/13 Pending -- -- --
05/14/2013 05/14/13 For Sale $1,650,000 -- $661 / Sq Ft
Source: The MLS

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 $24,096 $2,022,665 $1,409,737 $612,928
2024 $24,096 $1,983,006 $1,382,096 $600,910
2023 $23,712 $1,944,125 $1,354,997 $589,128
2022 $23,416 $1,906,006 $1,328,429 $577,577
2021 $22,837 $1,868,634 $1,302,382 $566,252
2020 $22,682 $1,849,474 $1,289,028 $560,446
2019 $22,454 $1,813,210 $1,263,753 $549,457
2018 $21,038 $1,777,658 $1,238,974 $538,684
2016 $20,273 $1,708,631 $1,190,864 $517,767
2015 $20,010 $1,682,967 $1,172,977 $509,990
2014 $19,742 $1,650,000 $1,150,000 $500,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 13-673187

The MLS

APN: 4285-003-009