NOT LISTED FOR SALE

1346 Gates Ave Manhattan Beach, CA 90266

Estimated Value: $1,683,000 - $2,376,000

3 Beds
1 Bath
1,099 Sq Ft
$1,883/Sq Ft Est. Value

Last Sold April 11, 2023

Last sale price $1,450,000 $1,319 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $12,249/month

5 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Front Porch
  • Aurelia Pennekamp Elementary School Rated A
  • Neighborhood Views
  • 2 Car Attached Garage

About This Home

As of April 2023

Diamond in the rough...and that's no exaggeration. Bring your investor or owner/user. Bring your architect and designer. Bring your roofer, handyman and contractor. The 1951 bones are original, but the potential is there. Remodel, add on or build new. 50 x 103 foot lot with an existing 3 bedroom, 1 bath home. 2-car garage and laundry room with 1,099 square feet of living space (BTV). Easy access to award-winning schools, parks and beautiful beaches. Just 15 minutes to LAX. Priced at or near lot value. We have tried to take all factors into consideration. Strictly an "As Is' sale. No offsets or credits. No termite report or repairs. The property is priced to sell and will not last long.

Last Agent to Sell the Property

Ted Dodd

Haynes Real Estate License #00756734 Listed on: 03/08/2023

Last Buyer's Agent

Sahar Moghadam

ALIGN HOMES License #01929595

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1951

Lot Details

  • 5,150 Sq Ft Lot
  • Lot Dimensions are 50 x 103
  • Value in Land
  • Tear Down
  • Property is zoned MNRS

Parking

  • 2 Car Attached Garage
  • 2 Carport Spaces
  • Parking Available
  • Front Facing Garage
  • Single Garage Door
  • Garage Door Opener
  • Driveway Up Slope From Street
  • Off-Street Parking

Home Design

  • Major Repairs Completed
  • Fixer Upper
  • Raised Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,099 Sq Ft Home
  • 1-Story Property
  • Wood Flooring
  • Neighborhood Views

Kitchen

  • Eat-In Kitchen
  • Six Burner Stove
  • Disposal

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Washer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Patio
  • Exterior Lighting
  • Front Porch

Utilities

  • Wall Furnace
  • Overhead Utilities
  • Natural Gas Connected
  • Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 28
  • Tax Tract Number 16875
  • Assessor Parcel Number 4168005016

Home Details

Home Type

Single Family

Year Built

Built in 1951

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Zoning: MNRS
  • Architectural Style: Ranch
  • Property Condition: Fixer, Repairs Major
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 4168005016
  • Year Built: 1951
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1099.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Area
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 1319.38
  • Room Type: All Bedrooms Down
  • Bathroom Features: Bathtub, Shower In Tub

Exterior Features

  • Patio: Yes
  • Foundation: Raised
  • View: Neighborhood
  • Patio And Porch Features: Front Porch, Stone
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Carport Spaces: 2.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Concrete, Driveway Up Slope From Street, Garage Faces Front, Garage - Single Door, Garage Door Opener, Off Street
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Disposal, Gas Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Tear Down, Utilities - Overhead, Value In Land
  • Lot Size: 50 x 103
  • Lot Size Sq Ft: 5150.00
  • Lot Size Acres: 0.1182

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5150.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 6208.02
  • Tax Lot: 28
  • Tax Tract Number: 16875

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2023
Closed on
Mar 22, 2023
Sold by
Wessel Laurence M
Bought by
Reeland Investments
Seller's Agent
Ted Dodd
Haynes Real Estate
Buyer's Agent
Sahar Moghadam
ALIGN HOMES
List Price
$1,525,000
Sold Price
$1,450,000
Premium/Discount to List
-$75,000
-4.92%
Views
31
Current Estimated Value
$2,069,680

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$619,680
Avg. Annual Appreciation
13.87%
Original Mortgage
$1,395,000
Outstanding Balance
$1,354,040
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$715,640

Purchase Details

Closed on
Oct 24, 2022
Sold by
Wessel Trust
Bought by
Wessel Laurence M

Purchase Details

Closed on
Oct 16, 2006
Sold by
Wessel Luella M
Bought by
Wessel Luella M and The Wessel Trust

Purchase Details

Closed on
Oct 12, 2002
Sold by
Wessel William and Wessel Luella M
Bought by
Wessel William

Purchase Details

Closed on
Oct 10, 2002
Sold by
Wessel William and Wessel Luella M
Bought by
Wessel William
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
Reeland Investments $1,450,000 Usa National Title
Wessel Laurence M -- --
Wessel Luella M -- None Available
Wessel Lucila M -- None Available
Wessel William -- --
Wessel William -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reeland Investments $1,395,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/11/2023 04/11/23 Sold $1,450,000 -4.9% $1,319 / Sq Ft
03/23/2023 03/23/23 For Sale $1,525,000 0.0% $1,388 / Sq Ft
03/20/2023 03/20/23 Price Changed $1,525,000 0.0% $1,388 / Sq Ft
03/20/2023 03/20/23 For Sale $1,525,000 -4.4% $1,388 / Sq Ft
03/13/2023 03/13/23 Pending -- -- --
03/11/2023 03/11/23 Pending -- -- --
03/08/2023 03/08/23 For Sale $1,595,000 -- $1,451 / 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 $17,129 $1,508,580 $1,206,864 $301,716
2024 $17,129 $1,479,000 $1,183,200 $295,800
2023 $1,445 $90,421 $68,305 $22,116
2022 $1,427 $88,649 $66,966 $21,683
2021 $1,466 $86,911 $65,653 $21,258
2019 $1,436 $84,335 $63,706 $20,629
2018 $1,366 $82,682 $62,457 $20,225
2016 $1,067 $79,474 $60,033 $19,441
2015 $1,048 $78,281 $59,132 $19,149
2014 $1,046 $76,748 $57,974 $18,774
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB23037750

California Regional Multiple Listing Service (CRMLS)

APN: 4168-005-016