NOT LISTED FOR SALE

Estimated Value: $2,021,000 - $3,139,493

3 Beds
2 Baths
1,536 Sq Ft
$1,671/Sq Ft Est. Value

Last Sold June 07, 2021

Last sale price $2,300,000 $1,497 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $15,924/month

29 Days on Market

Highlights

  • Property is near park and public transit
  • Wood Flooring
  • Fenced Yard
  • McKinley Elementary School Rated A
  • Lawn
  • 3-minute walk to Euclid Park

About This Home

As of June 2021

Calling all developers! A rare offering of a 7,487 square foot lot in the heart of Californias iconic Santa Monica has just come to market. Currently configured as a single-family residence with a separate unit, the property is pre-approved by the city of Santa Monica to develop up to 9 residential units. This is an opportunity seldom found in such a desirable location. Recently named one of the top places to live in the US by Niche.com, Santa Monica offers exclusive employment, entertainment, and lifestyle options. The property is located minutes from well-known attractions such as Santa Monica Beach, Venice Beach, Santa Monica Pier, and Third Street Promenade. With high bike and walk scores, cars are optional. Residents can walk to farmers markets, semi-annual triathlons, dog-days, outdoor festivals, artist exhibitions, rail stations, bus stations, and more. Dont miss out on the chance to build the Southern California Dream!

Last Agent to Sell the Property

J.D. Songstad

Estate Properties License #01269119 Listed on: 04/19/2021

Estate Properties

Co-Listed By

Melanie Archer

Archer Investment & Consulting Inc. License #02109068

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1925

Lot Details

  • 7,500 Sq Ft Lot
  • East Facing Home
  • Fenced Yard
  • Lawn
  • Value in Land
  • Property is zoned SMR3*

Home Design

  • Bungalow
  • Entry on the 1st floor
  • Stucco

Interior Spaces

  • 1,536 Sq Ft Home
  • 1-Story Property
  • Wood Flooring

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces

Outdoor Features

  • Shed

Location

  • Property is near park and public transit
  • City Lot

Utilities

  • Air Conditioning
  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Heating System Mounted To A Wall or Window
  • Property is located within a water district

Community Details

  • 2 Units
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 4282-022-027

Home Details

Home Type

Single Family

Year Built

Built in 1925

Lot Details

7,500 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Style: California Bungalow
  • Levels: One
  • Street Number Display: Yes
  • ADA Compliant: No
  • Additional Assessor Parcel Numbers: No
  • Alley: Yes
  • Building Permit: No
  • Entry Floor: 1
  • Entry Location: Ground Level - no steps
  • Living Area: 1536
  • Lot Acreage: 0.1722
  • Probate: No
  • Property Condition: Value Mainly In Land
  • Stories: 1
  • Year Built: 1925
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Number Carpet: 0
  • Number Dishwasher: 1
  • Flooring: Hardwood
  • Bedrooms: 3
  • Common Walls: Detached/No Common Walls
  • Laundry: In Unit
  • Total Bathrooms: 2.00
  • Equipment: Dryer, Washer, Dishwasher, Refrigerator, Range/Oven, Microwave
  • Price Per S Q F T: 1595.05

Exterior Features

  • Direction Faces: East
  • Construction: Stucco
  • Other Structures: Shed(s)
  • Tennis Court Y/N: No
  • Paved: Yes
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Other Spaces: 3
  • Parking Garage: Uncovered
  • Total Parking: 3

Utilities

  • Cooling: Air Conditioning, Wall/Window, Room Refrig Air
  • Heating: Central, Wall
  • Water: District
  • Water Heaters: Yes

Lot Info

  • Additions Alterations: No
  • Assessed Improvement Percent: 18.13
  • Assessed Improvement Value: 322524
  • Assessed Land Percent: 81.87
  • Assessed Land Value: 1456560
  • Total Assessed Value: 1779084
  • Assessor Parcel Number: 4282-022-027
  • Lot Description: Yard, Value In Land, Alley Paved, Back Yard, Curbs, Fenced, Fenced Yard, Lawn, Single Lot, Street Asphalt, Street Paved
  • Lot Location: Flats, Alley Access, City, Near Public Transit, Park Nearby
  • Lot Size Area: 7500

Rental Info

  • Number Leased: 0
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Number Wall A C: 1
  • Type Of Units: Duplex

Tax Info

  • Private Transfer Taxes: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 15, 2020
Sold by
Jnb Llc
Bought by
Boloorchi Nojan and Nojan Bokorchi Living Trust
Current Estimated Value
$2,567,123

Purchase Details

Closed on
Mar 14, 2016
Sold by
Boloorchi Nojan and Nojan Boloorchi Living Trust
Bought by
Jnb Llc

Purchase Details

Listed on
Mar 24, 2015
Closed on
Oct 6, 2015
Sold by
City Living On 14 Llc
Bought by
Boloorchi Nojan
Seller's Agent
Larisa Liasova
Core Real Estate Group
Buyer's Agent
Michelle Davaasambuu
Compass
List Price
$1,899,000
Sold Price
$1,710,000
Premium/Discount to List
-$189,000
-9.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.98%
Original Mortgage
$120,000
Interest Rate
3.87%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 31, 2012
Sold by
Koeff Lilly
Bought by
City Living On 14 Llc

Purchase Details

Closed on
Jun 14, 2006
Sold by
Zenko Slavey
Bought by
Koeff Lilly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
6.57%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
May 31, 2006
Sold by
Gad Real Estate Inc
Bought by
Koeff Lilly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
6.57%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
May 2, 2006
Sold by
Baranes Victor
Bought by
Gad Real Estate Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
6.57%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Nov 4, 2005
Sold by
Baranes Shulamit
Bought by
Baranes Victor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
5.93%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 1, 2005
Sold by
Vinot Josephine I and The Vinot Family Trust
Bought by
Baranes Victor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
5.93%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Boloorchi Nojan -- None Available
Jnb Llc -- None Available
Boloorchi Nojan -- None Available
Boloorchi Nojan $1,710,000 California Title Company
City Living On 14 Llc -- None Available
Koeff Lilly -- First American Title
Koeff Lilly $1,425,000 First American Title
Gad Real Estate Inc -- Accommodation
Baranes Victor -- First American Title Co
Baranes Victor $1,300,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Boloorchi Nojan $120,000
Previous Owner Koeff Lilly $198,000
Previous Owner Koeff Lilly $858,000
Previous Owner Baranes Victor $195,000
Previous Owner Baranes Victor $975,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/07/2021 06/07/21 Sold $2,300,000 -6.1% $1,497 / Sq Ft
05/18/2021 05/18/21 Pending -- -- --
04/19/2021 04/19/21 For Sale $2,450,000 0.0% $1,595 / Sq Ft
12/14/2016 12/14/16 Rented $3,950 0.0% --
12/13/2016 12/13/16 Under Contract -- -- --
11/14/2016 11/14/16 For Rent $3,950 0.0% --
10/30/2015 10/30/15 Sold $1,710,000 -10.0% $1,595 / Sq Ft View Prior Sale
10/15/2015 10/15/15 Pending -- -- --
03/24/2015 03/24/15 For Sale $1,899,000 -- $1,771 / Sq Ft
Source: The MLS

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 $29,053 $2,489,593 $2,218,985 $270,608
2024 $29,053 $2,440,778 $2,175,476 $265,302
2023 $28,588 $2,392,920 $2,132,820 $260,100
2022 $28,239 $2,346,000 $2,091,000 $255,000
2021 $21,718 $1,797,514 $1,471,649 $325,865
2020 $21,570 $1,779,084 $1,456,560 $322,524
2019 $21,353 $1,744,200 $1,428,000 $316,200
2018 $20,834 $1,779,084 $1,456,560 $322,524
2016 $20,088 $1,710,000 $1,400,000 $310,000
2015 $9,746 $799,195 $450,828 $348,367
2014 $9,622 $783,540 $441,997 $341,543
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-720886

The MLS

APN: 4282-022-027

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