NOT LISTED FOR SALE

Estimated Value: $7,317,000 - $7,904,000

3 Beds
2 Baths
1,406 Sq Ft
$5,401/Sq Ft Est. Value

Last Sold September 02, 2020

Last sale price $5,750,000 $4,090 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $46,984/month

178 Days on Market

Highlights

  • Ocean Front
  • Living Room with Fireplace
  • Cottage
  • Roosevelt Elementary School Rated A+
  • No HOA
  • 4-minute walk to Santa Monica State Beach

About This Home

As of September 2020

Investors/Developers - An incredible and rare opportunity to purchase one of the last legal double lot oceanfront properties on the Santa Monica Boardwalk. That's 50 Feet of oceanfront on Palisades Beach Road to create your dream home, or develop two legal lots for resale. Breathtaking ocean views, awe-inspiring sunsets, direct sand and boardwalk access, Ocean Avenue, Third Street Promenade, Farmers Market, Malibu, Santa Monica Pier, Main Street, Dining, Nightlife, Shopping, Surfing, Biking, Movies, Venice Boardwalk, and Malibu Mountains. Builders / Developers, zoning is R2B, property has completed the landmark clearance period and is ready for demo permits. Property is being sold As-Is for Land Value of two legal lots.

Last Agent to Sell the Property

Linda Ferrari

Equity Union License #01949460 Listed on: 04/07/2020

Last Buyer's Agent

Linda Ferrari

Keller Williams Silicon Beach License #01949460

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $71,164

Year Built

  • Built in 1911

Lot Details

  • 5,097 Sq Ft Lot
  • Ocean Front
  • Property is zoned SMR2B*

Property Views

  • Ocean
  • Coastline
  • Views of a pier
  • City Lights

Home Design

  • Cottage

Interior Spaces

  • 1,406 Sq Ft Home
  • Living Room with Fireplace
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave

Flooring

  • Carpet
  • Linoleum
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Driveway

Additional Features

  • Open Patio
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4291-031-003

Home Details

Home Type

Single Family

Est. Annual Taxes

$71,164

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Cottage
  • Street Number Display: Yes
  • Living Area: 1406
  • Year Built: 1911
  • Number Of Photos: 20
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Carpet, Ceramic Tile, Linoleum, Tile
  • Bedrooms: 3
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Laundry Area
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Cable, Microwave, Range/Oven, Refrigerator
  • Price Per S Q F T: 4231.86

Exterior Features

  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: City Lights, Coastline, Ocean, Pier, Walk Street, Water
  • View: Yes
  • Waterfront: Ocean

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 2

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4291-031-003
  • Geocode Override: No
  • Lot Size Area: 5097

Multi Family

  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 27, 2020
Sold by
Newberg Alan and Newberg Lisa Ann
Bought by
Noonan Timothy J and Noonan Christina Elke
Current Estimated Value
$7,593,413

Purchase Details

Closed on
Sep 19, 2019
Sold by
Newberg Lisa Ann
Bought by
Newberg Lisa Annn and The Lisa Ann Newberg Trust

Purchase Details

Closed on
Jun 7, 2019
Sold by
Newberg David Lee and The Sonya And Albert Newberg T
Bought by
Newberg Lisa Ann and Newberg Alan
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
Noonan Timothy J $5,750,000 First American Title
Newberg Lisa Annn -- None Available
Newberg Lisa Ann -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2020 09/02/20 Sold $5,750,000 -3.4% $4,090 / Sq Ft
07/19/2020 07/19/20 Pending -- -- --
07/07/2020 07/07/20 For Sale $5,950,000 0.0% $4,232 / Sq Ft
07/03/2020 07/03/20 Pending -- -- --
05/06/2020 05/06/20 For Sale $5,950,000 +3.5% $4,232 / Sq Ft
04/28/2020 04/28/20 Off Market $5,750,000 -- --
01/23/2020 01/23/20 For Sale $5,950,000 -- $4,232 / 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 $71,164 $6,223,983 $4,356,789 $1,867,194
2024 $71,164 $6,101,945 $4,271,362 $1,830,583
2023 $70,030 $5,982,300 $4,187,610 $1,794,690
2022 $69,206 $5,865,000 $4,105,500 $1,759,500
2021 $67,592 $5,750,000 $4,025,000 $1,725,000
2020 $2,156 $120,333 $112,070 $8,263
2019 $2,125 $117,974 $109,873 $8,101
2018 $1,949 $115,662 $107,719 $7,943
2016 $1,854 $111,173 $103,537 $7,636
2015 $1,826 $109,504 $101,982 $7,522
2014 $1,824 $107,360 $99,985 $7,375
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-569170

The MLS

APN: 4291-031-003