NOT LISTED FOR SALE

Estimated Value: $1,118,000 - $1,407,550

2 Beds
2 Baths
2,000 Sq Ft
$609/Sq Ft Est. Value

Last Sold January 19, 2022

Last sale price $995,000 $498 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $7,560/month

9 Days on Market

Highlights

  • Guest House
  • 0.72 Acre Lot
  • Heating Available
  • McKinley Elementary School Rated A
  • 1 Car Garage

About This Home

As of January 2022

Very unique opportunity to own in an amazing Santa Monica neighborhood! Included are two 1 bedroom / 1 bathroom updated units, as well as a detached bonus room(office) with a private entrance and half bath. Unit D is occupied. Unit D1 is currently vacant. This gives flexibility to a buyer who is looking to either move in one and rent the other for cash flow, or have both units tenant occupied. These units are located within a 25-unit gated courtyard condo complex, in an ideal Santa Monica location. Highly motivated seller!

Last Agent to Sell the Property

Samaneh Rezaeian

Rodeo Realty License #01981587 Listed on: 12/08/2021

Rodeo Realty

Last Buyer's Agent

Cheryl Nesseth

Spectrum Real Estate Group License #01367574

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,063

Year Built

  • Built in 1949

Lot Details

  • 0.72

Home Design

  • 2,000 Sq Ft Home

Kitchen

  • Microwave
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Parking

  • 1 Car Garage
  • On-Street Parking

Additional Features

  • Laundry in unit
  • 0.72 Acre Lot
  • Guest House
  • Heating Available

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 4267-017-066

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,063

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2000
  • Lot Acreage: 0.7170
  • Year Built: 1949
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 2
  • Laundry: In Unit
  • Total Bathrooms: 2.00
  • Equipment: Freezer, Microwave, Refrigerator, Dishwasher
  • Price Per S Q F T: 497.50

Exterior Features

  • Other Structures: GuestHouse

Garage/Parking

  • Parking Garage: Garage, On street
  • Total Parking: 1

Utilities

  • Cooling: Air Conditioning
  • Heating: Electric

Lot Info

  • Assessed Improvement Percent: 25.02
  • Assessed Improvement Value: 145628
  • Assessed Land Percent: 74.98
  • Assessed Land Value: 436308
  • Total Assessed Value: 581936
  • Assessor Parcel Number: 4267-017-066
  • Lot Size Area: 31232

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Total Annual Expense: 7200
  • Type Of Units: Complex
  • Vacancy Rate: 50%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 8, 2021
Closed on
Dec 27, 2021
Sold by
Shahla Ohebsion Living Trust
Bought by
Julian/Adrienne Martinez Living Trust and Martinez
Seller's Agent
Samaneh Rezaeian
Rodeo Realty
Buyer's Agent
Cheryl Nesseth
Spectrum Real Estate Group
List Price
$995,000
Sold Price
$995,000
Current Estimated Value
$1,218,388

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$223,388
Avg. Annual Appreciation
6.73%

Purchase Details

Closed on
Jul 12, 2012
Sold by
Ohebsion Shahla
Bought by
Ohebsion Shahla and Shahla Ohebsion Living Trust

Purchase Details

Closed on
Apr 18, 2012
Sold by
Burkhart Gary Dale
Bought by
Ohebsion Shahla

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,000
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 8, 2005
Sold by
Santa Monica/Stanford Street Partners Lp
Bought by
Taylor Jai

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$559,200
Interest Rate
5.72%
Mortgage Type
New Conventional
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
Julian/Adrienne Martinez Living Trust $995,000 Progressive Title
Ohebsion Shahla -- None Available
Ohebsion Shahla $590,000 Progressive Title Company
Taylor Jai $699,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ohebsion Shahla $392,000
Previous Owner Taylor Jai $559,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/19/2022 01/19/22 Sold $995,000 0.0% $498 / Sq Ft
12/17/2021 12/17/21 Pending -- -- --
12/08/2021 12/08/21 For Sale $995,000 -- $498 / 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 $11,063 $912,638 $424,483 $488,155
2024 $11,063 $894,744 $416,160 $478,584
2023 $10,884 $877,200 $408,000 $469,200
2022 $7,633 $593,574 $445,034 $148,540
2021 $7,421 $581,936 $436,308 $145,628
2019 $7,289 $564,677 $423,368 $141,309
2018 $6,864 $553,606 $415,067 $138,539
2016 $6,592 $532,110 $398,950 $133,160
2015 $6,505 $524,118 $392,958 $131,160
2014 $6,422 $513,852 $385,261 $128,591
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-110509

The MLS

APN: 4267-017-066