Mercedes Van Pelt
Compass
(323) 310-3789
58 Total Sales
2 in Manhattan Beach
$2,612,000 Price Range
1436 12th St Manhattan Beach, CA 90266
Manhattan Beach Area
14
Beds
14
Baths
6,742
Sq Ft
10,478
Sq Ft Lot
Highlights
- 10,478 Sq Ft lot
- No HOA
- Radiant Heating System
- Meadows Avenue Elementary School Rated A+
- Laundry Room
About This Home
As of August 2018This quaint building with 7 comfortable townhome-style apartment units sits on a quiet street in a great neighborhood of East Manhattan Beach. It’s close to Polliwog Park, and the units feature enclosed patios downstairs and large balcony decks upstairs.
Occupying a substantial 10,503 sq. ft. lot that has some site specific unique concessions in the zoning code, this building offers plenty of flexibility in terms of investment options.?1. Keep it as-is and continue to lease the units?2. Renovate the building and lease the units at significantly higher rents?It is worth noting that the 2 bedroom/2 bath floor plan makes the units ideal for roommates. 3. Tear the building down and develope a new 10-unit apartment complex 4. Tear the building down and developing 7 new town home condominiums. Architectural feasibility studies are available on both of these options.
This location is ideal for families and commuters alike. It’s close to parks, restaurants and shopping, minutes from both downtown Manhattan Beach to the West, and the 405 freeway, to the East. This is a huge opportunity in a great location—with lots of options.
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Property Details
Home Type
- Apartment
Year Built
- Built in 1973
Lot Details
- 10,478 Sq Ft Lot
- No Common Walls
Parking
- 5 Open Parking Spaces
- 4 Car Garage
- 9 Carport Spaces
- Parking Available
Interior Spaces
- 6,742 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 14 Bedrooms
- 14 Bathrooms
Outdoor Features
- Exterior Lighting
Utilities
- Radiant Heating System
- Natural Gas Connected
Listing and Financial Details
- Tenant pays for electricity
- Tax Lot 8
- Tax Tract Number 141
- Assessor Parcel Number 4166009007
Community Details
Overview
- No Home Owners Association
- 7 Units
Amenities
- Laundry Facilities
Building Details
- 8 Separate Electric Meters
- 1 Separate Water Meter
- Electric Expense $900
- Gardener Expense $1,080
- Insurance Expense $2,500
- Maintenance Expense $4,000
- Trash Expense $1,560
- Water Sewer Expense $3,390
- New Taxes Expense $53,845
- Operating Expense $67,275
- Gross Income $6,600
- Net Operating Income $139,533
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 5, 2018
Closed on
Aug 9, 2018
Sold by
Bought by
Seller's Agent
Bryn Stroyke
Bayside
Buyer's Agent
Bill Ruane
Estate Properties
List Price
$4,895,000
Sold Price
$4,750,000
Premium/Discount to List
-$145,000
-2.96%
Purchase Details
Closed on
Sep 24, 2002
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$895,000
Interest Rate
6.16%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 20, 2002
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$895,000
Interest Rate
6.16%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Manhattan Beach, CA
-
Mercedes Van Pelt
-
Jane Angel
Jane Angel
Coldwell Banker Realty
(562) 303-5335
19 Total Sales
1 in Manhattan Beach
$1,675,000 Price
-
Awtar Thiara
Awtar Thiara
West Shores Realty, Inc.
(424) 379-3928
8 Total Sales
2 in Manhattan Beach
$1.6M - $11.5M Price Range
-
Candice Carpenter
Candice Carpenter
Coastal Elite Properties
(424) 284-7552
19 Total Sales
2 in Manhattan Beach
$3.4M - $4.8M Price Range
-
Victoria Waldorf
Victoria Waldorf
Equity Union
(747) 293-4720
88 Total Sales
1 in Manhattan Beach
$3,950,000 Price
-
Khanh Oberley
Khanh Oberley
Douglas Elliman of CA, Inc.
(424) 407-8581
43 Total Sales
1 in Manhattan Beach
$2,084,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $4,750,000 | Wfg National Title Company O | ||
| -- | North American Title Co | ||
| $1,525,000 | North American Title Co |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $2,450,000 | ||
| Previous Owner | $914,500 | ||
| Previous Owner | $895,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/24/2018 08/24/18 | Sold | $4,750,000 | -3.0% | $705 / Sq Ft |
| 07/24/2018 07/24/18 | For Sale | $4,895,000 | 0.0% | $726 / Sq Ft |
| 05/07/2018 05/07/18 | Pending | -- | -- | -- |
| 04/05/2018 04/05/18 | For Sale | $4,895,000 | -- | $726 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $61,134 | $5,298,709 | $2,933,811 | $2,364,898 |
| 2024 | $60,332 | $5,194,814 | $2,876,286 | $2,318,528 |
| 2023 | $58,592 | $5,092,956 | $2,819,889 | $2,273,067 |
| 2022 | $57,590 | $4,993,096 | $2,764,598 | $2,228,498 |
| 2021 | $56,727 | $4,895,193 | $2,710,391 | $2,184,802 |
| 2019 | $55,230 | $4,750,900 | $2,630,000 | $2,120,900 |
| 2018 | $23,664 | $1,942,056 | $1,400,182 | $541,874 |
| 2016 | $21,976 | $1,865,780 | $1,345,812 | $519,968 |
| 2015 | $21,540 | $1,837,755 | $1,325,597 | $512,158 |
| 2014 | $21,290 | $1,801,757 | $1,299,631 | $502,126 |
Source: Public Records
Agents Affiliated with this Home
-
Bryn Stroyke
Seller's Agent in 2018
Bryn Stroyke
Bayside
(310) 880-3436
77 Total Sales
-
Bill Ruane
Buyer's Agent in 2018
Bill Ruane
RE/MAX
(310) 877-2374
428 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB18077643
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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