NOT LISTED FOR SALE

1422 California Ave Unit 1-5 Santa Monica, CA 90403

Wilshire Montana Neighborhood

Estimated Value: $1,232,347 - $1,696,000

10 Beds
10 Baths
6,419 Sq Ft
$219/Sq Ft Est. Value

Last Sold March 02, 2017

Last sale price $3,400,000 $530 Per Sq Ft

Current estimated payment $8,745/month

18 Days on Market

Highlights

  • 18 Car Attached Garage
  • Ceiling Fan
  • Radiant Heating System
  • Franklin Elementary School Rated A+

About This Home

As of March 2017

Amazing opportunity north of Wilshire in prime Santa Monica. This approx. 6400 sq ft building on an approx. 5k sq ft lot was originally built as a 5 unit apartment building. The current owners started the condo conversion process and have obtained separate apn's for each of the five units. Each unit is two bedrooms and one and one half baths, has its own washer & dryer hook ups and water heater. Four units are approx. 1279 sq ft and one is approx. 1303 sq ft. Also amazing is that each of the units has its own 4 car garage (yes 20 spaces total). The garage doors are newer and all have openers. The units are well maintained and the building can be delivered with one unit vacant. The rest of the tenants are on month to month. Property is being sold in "as is" "where is" condition. Buyer to perform their own investigation and due diligence regarding Santa Monica Rent Control. Shown with accepted offer only.

Last Agent to Sell the Property

Michael Cockinos

Coldwell Banker Realty License #01267199 Listed on: 07/18/2016

Coldwell Banker Realty

Last Buyer's Agent

Solo Scott

Compass License #01340093

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,666

Year Built

  • Built in 1973

Lot Details

  • 5,000

Parking

  • 18 Car Attached Garage

Interior Spaces

  • 6,419 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Laundry

  • Laundry in Kitchen
  • Electric Dryer Hookup

Additional Features

  • 5,000 Sq Ft Lot
  • Radiant Heating System

Community Details

  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 4281-011-043

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,666

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 6419
  • Stories: 2
  • Year Built: 1973
  • Number Of Photos: 16
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Kitchen
  • Total Bathrooms: 10.00
  • Den: 0
  • Equipment: Ceiling Fan, Dishwasher, Electric Dryer Hookup, Garbage Disposal, Hood Fan, Range/Oven
  • Price Per S Q F T: 466.58

Exterior Features

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

Garage/Parking

  • Parking Garage: Garage - 4+ Car, Garage Is Attached
  • Total Parking: 18

Utilities

  • Cooling: Ceiling Fan
  • Heating: Electric, Radiant
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Value: 52111
  • Assessed Land Value: 17136
  • Assessor Parcel Number: 4281-011-043
  • Geocode Override: No
  • Lot Description: Alley Paved
  • Lot Size Area: 5000

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 23.83
  • Number Of Units: 5
  • Rent Control: 100
  • Total Annual Expense: 21030
  • Type Of Units: Townhome
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 11, 2020
Sold by
Pink Daisy Llc
Bought by
Scott Solo and Cott Nicole Ouwenga
Current Estimated Value
$1,406,837

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$765,000
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 13, 2016
Sold by
Demetriou James A
Bought by
Pink Daisy Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,642,000
Interest Rate
4.09%
Mortgage Type
Commercial
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
Scott Solo $1,050,000 Lawyers Title Company
Pink Daisy Llc $3,400,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Scott Solo $881,250
Previous Owner Scott Solo $765,000
Previous Owner Pink Dalsy Llc $300,000
Previous Owner Pink Daisy Llc $2,642,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/02/2017 03/02/17 Sold $3,400,000 +13.5% $530 / Sq Ft
08/05/2016 08/05/16 Pending -- -- --
07/18/2016 07/18/16 For Sale $2,995,000 -- $467 / 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 $13,666 $1,148,323 $918,660 $229,663
2024 $13,666 $1,125,808 $900,648 $225,160
2023 $13,445 $1,103,735 $882,989 $220,746
2022 $13,272 $1,082,094 $865,676 $216,418
2021 $12,936 $1,060,877 $848,702 $212,175
2020 $9,017 $721,621 $403,259 $318,362
2019 $8,921 $707,472 $395,352 $312,120
2018 $8,397 $693,600 $387,600 $306,000
2016 $1,305 $70,302 $17,397 $52,905
2015 $1,284 $69,247 $17,136 $52,111
2014 $1,283 $67,892 $16,801 $51,091
Source: Public Records

Agents Affiliated with this Home

  • Michael Cockinos

    Seller's Agent in 2017

    Michael Cockinos

    Coldwell Banker Realty

    (310) 442-1399

    10 Total Sales

    Michael Cockinos
    Section Image

  • S

    Buyer's Agent in 2017

    Solo Scott

    Compass

    (310) 403-1800

    1 in this area

    24 Total Sales

    Solo Scott
    Section Image
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Map

Source: The MLS

MLS Number: 16-144158

The MLS

APN: 4281-011-043

California Los Angeles County Santa Monica 90403 Wilshire Montana

1422 California Ave Unit 1-5, Santa Monica, CA

This home is located at 1422 California Ave Unit 1-5, Santa Monica, CA 90403 since 18 July 2016 and is currently estimated at $1,406,837, approximately $219 per square foot. This property was built in 1973. 1422 California Ave Unit 1-5 is a home located in Los Angeles County with nearby schools including Franklin Elementary School, Lincoln Middle School, and Santa Monica High School.

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