NOT LISTED FOR SALE

1515 Gates Ave Manhattan Beach, CA 90266

Estimated Value: $5,510,000 - $7,262,000

5 Beds
7 Baths
6,570 Sq Ft
$1,013/Sq Ft Est. Value

Last Sold April 26, 2021

Last sale price $4,962,500 $755 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $40,062/month

112 Days on Market

Highlights

  • New Construction
  • Filtered Pool
  • Ocean Side of Freeway
  • Aurelia Pennekamp Elementary School Rated A
  • Primary Bedroom Suite
  • City Lights View

About This Home

As of April 2021

VIDEO https://vimeo.com/511739622 VR TOUR: https://tinyurl.com/12w0d3h6 Welcome to 1515 Gates Avenue, a warm modern retreat characterized by superlatives. This 2020-built home is the largest on the market (6,570 sq.ft.), adorned with the highest end amenities and finishes throughout. The coveted 50’ x 150’ lot size lends a unique spaciousness that attracts so many to this wonderful family neighborhood by the beach. A grand entry opens to the open concept living area, ideal for entertaining with adjoining living room, dining area and master chef’s kitchen with ultra-premium Dacor appliances. The large basement includes an illuminated bar, spacious secondary living room and game area - with the added flexibility for a movie theatre. The adjoining outdoor area includes a pool and spa with waterfall features, a grill/bar area, and fire pit seating. Several skylights and large panel windows flood the upper floor with natural light. The master bedroom suite features a wraparound patio with hillside views, and an opulent master bathroom with a walk-in shower and soaking tub. Amenities include a 3-stop elevator, floor-to-ceiling Fleetwood sliding glass walls and high ceilings throughout, 3 zone air conditioning, and a 3 car garage with additional driveway parking. This address offers close proximity to top-performing local schools and several parks, also located 6 minutes to some of the best beaches in the world, 8 minutes to freeways for access to all of LA.

Last Agent to Sell the Property

Shawn Dugan

Strand Hill Properties License #01749343 Listed on: 11/30/2020

Last Buyer's Agent

Jennifer Caskey

Compass License #01075946

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $60,663

Year Built

  • Built in 2020 | New Construction

Lot Details

  • 7,497 Sq Ft Lot
  • South Facing Home
  • Landscaped
  • Property is zoned MNRS

Parking

  • 3 Car Direct Access Garage
  • Parking Available
  • Front Facing Garage
  • Side by Side Parking
  • Single Garage Door
  • Garage Door Opener
  • Driveway

Property Views

  • City Lights
  • Mountain
  • Hills
  • Neighborhood

Home Design

  • Modern Architecture
  • Turnkey

Interior Spaces

  • 6,570 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Wired For Sound
  • Wired For Data
  • High Ceiling
  • Skylights
  • Recessed Lighting
  • Gas Fireplace
  • Double Pane Windows
  • Formal Entry
  • Great Room
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Dining Room
  • Storage
  • Laundry Room
  • Basement

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Double Oven
  • Gas Oven
  • Six Burner Stove
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Quartz Countertops
  • Pots and Pans Drawers
  • Self-Closing Drawers and Cabinet Doors
  • Utility Sink

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom
  • Soaking Tub
  • Multiple Shower Heads
  • Separate Shower
  • Exhaust Fan In Bathroom

Home Security

  • Alarm System
  • Smart Home
  • Fire and Smoke Detector
  • Fire Sprinkler System

Accessible Home Design

  • Accessible Elevator Installed

Pool

  • Filtered Pool
  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Waterfall Pool Feature

Outdoor Features

  • Ocean Side of Freeway
  • Balcony
  • Patio
  • Fire Pit
  • Exterior Lighting
  • Outdoor Grill
  • Wrap Around Porch

Schools

  • Pennekamp Elementary School
  • Manhattan Beach Middle School
  • Mira Costa High School

Utilities

  • Zoned Heating and Cooling
  • Vented Exhaust Fan

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 17 / 64
  • Assessor Parcel Number 4163018015

Home Details

Home Type

Single Family

Est. Annual Taxes

$60,663

Year Built

Built in 2020 | New Construction

Lot Details

0

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Security: Fire Sprinkler System, Security System, Smoke Detector(s), Wired for Alarm System
  • View: Yes
  • Zoning: MNRS
  • Architectural Style: Modern
  • New Construction: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 4163018015
  • Year Built: 2020
  • Special Features: NewHome

Interior Features

  • Fireplace: Yes
  • Living Area: 6570.00 Square Feet
  • Interior Amenities: Balcony, Elevator, High Ceilings, Home Automation System, Living Room Deck Attached, Open Floorplan, Recessed Lighting, Stone Counters, Storage, Wired for Data, Wired for Sound
  • Stories: 3
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Accessibility Features: Accessible Elevator Installed
  • Appliances: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 2
  • Three Quarter Bathrooms: 4
  • Total Bedrooms: 5
  • Eating Area: Breakfast Counter / Bar, Dining Room, In Kitchen
  • Fireplace Features: Living Room, Gas, Fire Pit
  • Levels: Three Or More
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 755.33
  • Room Type: Basement, Family Room, Formal Entry, Foyer, Great Room, Kitchen, Laundry, Living Room, Master Bedroom, Master Suite, Walk-In Closet
  • Spa Features: Private, Heated, In Ground
  • Window Features: Double Pane Windows, Skylight(s)
  • Bathroom Features: Bathtub, Shower, Double Sinks In Master Bath, Dual Shower Heads (or Multiple), Exhaust Fan(s), Separate Tub And Shower, Soaking Tub, Walk-In Shower
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room, Pots & Pan Drawers, Quartz Counters, Self-Closing Cabinet Doors, Self-Closing Drawers, Stone Counters, Utility Sink

Exterior Features

  • Patio: Yes
  • Direction Faces: South
  • Exterior Features: Barbecue Private, Lighting
  • View: City Lights, Hills, Mountain(s), Neighborhood
  • Patio And Porch Features: Patio, Wrap Around
  • Pool Features: Private, Filtered, Heated, In Ground, Waterfall
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Garage Faces Front, Garage - Single Door, Garage Door Opener, Side by Side
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Dishwasher, Double Oven, Gas Oven, Microwave, Refrigerator, Vented Exhaust Fan
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights

Schools

  • Elementary School: Pennekamp
  • High School: Mira Costa
  • Middle Or Junior School: Manhattan Beach
  • Elementary School #2: PENNEK
  • High School2: MIRCOS

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 7497.00
  • Lot Size Acres: 0.1721

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7497.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Ocean Side of Freeway

Tax Info

  • Tax Block: 64
  • Tax Census Tract: 6208.00
  • Tax Lot: 17
  • Tax Tract Number: B

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 25, 2016
Sold by
Gates 30 Llc
Bought by
Salehi Ali
Current Estimated Value
$6,655,173

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$960,000
Outstanding Balance
$748,446
Interest Rate
2.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$5,906,727

Purchase Details

Listed on
Jun 22, 2016
Closed on
Aug 13, 2016
Sold by
Brown Kenneth L
Bought by
Gates 30 Llc
Seller's Agent
Loren Miner
Keller Williams Newport Estates
Buyer's Agent
Loren Miner
Keller Williams Newport Estates
List Price
$1,249,995
Sold Price
$1,200,000
Premium/Discount to List
-$49,995
-4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.49%
Original Mortgage
$1,100,000
Interest Rate
3.45%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Salehi Ali $1,370,000 Title 365
Gates 30 Llc $1,200,000 Title 365
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Salehi Ali $960,000
Previous Owner Gates 30 Llc $1,100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/26/2021 04/26/21 Sold $4,962,500 -4.5% $755 / Sq Ft
03/22/2021 03/22/21 Pending -- -- --
02/18/2021 02/18/21 Price Changed $5,199,000 -5.3% $791 / Sq Ft
11/30/2020 11/30/20 For Sale $5,490,000 +357.5% $836 / Sq Ft
08/19/2016 08/19/16 Sold $1,200,000 -4.0% $1,465 / Sq Ft View Prior Sale
07/15/2016 07/15/16 Pending -- -- --
06/22/2016 06/22/16 For Sale $1,249,995 -- $1,526 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $60,663 $5,372,108 $3,490,842 $1,881,266
2024 $59,775 $5,266,774 $3,422,395 $1,844,379
2023 $58,323 $5,163,505 $3,355,290 $1,808,215
2022 $57,306 $5,062,260 $3,289,500 $1,772,760
2021 $47,560 $4,187,900 $1,468,915 $2,718,985
2020 $35,000 $3,093,334 $1,453,854 $1,639,480
2019 $16,461 $1,425,347 $1,140,278 $285,069
2018 $16,145 $1,397,400 $1,117,920 $279,480
2016 $4,520 $399,794 $319,843 $79,951
2015 $4,427 $393,790 $315,039 $78,751
2014 $4,376 $386,077 $308,868 $77,209
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20248926

California Regional Multiple Listing Service (CRMLS)

APN: 4163-018-015