NOT LISTED FOR SALE

1543 18th St Santa Monica, CA 90404

Pico Neighborhood

Estimated Value: $1,462,000 - $2,423,316

4 Beds
4 Baths
2,590 Sq Ft
$775/Sq Ft Est. Value

Last Sold March 27, 2015

Last sale price $1,300,000 $502 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $12,590/month

4 Days on Market

Highlights

  • No Units Above
  • 3-minute walk to 17 St/ Smc
  • Property is near public transit
  • McKinley Elementary School Rated A

About This Home

As of March 2015

Nice Santa Monica location - tree lined wide street. One story building with 4 units all one bedroom/one bath mix. Detached 4-one car garages from the alley at the back. Property is walking distance to new rail station. Close to Santa Monica pier & beaches, Santa Monica College, shops & restaurants. Rent control may apply. Buyer to verify zoning.

Last Agent to Sell the Property

Lisa Casiano

Realty One Group West License #01504433 Listed on: 03/06/2015

Realty One Group West

Last Buyer's Agent

Lisa Casiano

Realty One Group West License #01504433 Listed on: 03/06/2015

Realty One Group West

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,213

Year Built

  • Built in 1941

Lot Details

  • 7,517 Sq Ft Lot
  • Property fronts an alley
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls

Parking

  • 4 Car Garage

Home Design

  • 2,590 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Location

  • Property is near public transit
  • Urban Location

Listing and Financial Details

  • Tax Lot P
  • Assessor Parcel Number 4275013015

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $900
  • Insurance Expense $1,446
  • Other Expense $141
  • Water Sewer Expense $2,643
  • New Taxes Expense $14,293
  • Gross Income $3,502
  • Net Operating Income $36,818

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,213

Year Built

Built in 1941

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Water Sewer Expenses: 2643.00
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 4275013015
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Price Per Square Foot: 501.93

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 7517.00
  • Lot Size Acres: 0.1730

Multi Family

  • Gross Income: 3502.00
  • Gross Scheduled Income: 42025.00
  • Insurance Expense: 1446.00
  • Lot Size Area: 7517.0000 Square Feet
  • Net Operating Income: 36818.00
  • Number Of Rented Garages: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 1550.00
  • Other Expense: 141.00
  • Other Expense Description: Fire Dep
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 14293.00
  • Tax Lot: P
  • Tax Tract Number: 0000
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 13, 2018
Sold by
1543 18Th Street Llc
Bought by
Rana Kartar
Current Estimated Value
$2,007,079

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 6, 2017
Sold by
Rana Kartar
Bought by
1543 18Th Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,223,475
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 2017
Sold by
Rana Kartar
Bought by
1543 18Th Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,223,475
Interest Rate
4.19%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 6, 2015
Closed on
Mar 23, 2015
Sold by
Narahara Yoshio and Yoshio Narahara Gst Non Exempt
Bought by
1543 18Th Street Llc
Seller's Agent
Lisa Casiano
Realty One Group West
Buyer's Agent
Lisa Casiano
Realty One Group West
List Price
$1,250,000
Sold Price
$1,300,000
Premium/Discount to List
$50,000
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
4.27%
Original Mortgage
$230,000
Interest Rate
3.73%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 26, 2008
Sold by
Isono Erica and Narahara Marital Trust
Bought by
Narahara Yoshio and Yoshio Narahara Gst Non Exempt

Purchase Details

Closed on
Feb 17, 2006
Sold by
Narahara Shinobu
Bought by
Narahara Shinobu B and Narahara Marital Trust
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
Rana Kartar -- Stewart Title Of California
1543 18Th Street Llc -- Title 365
Rana Kartar -- Title 365
1543 18Th Street Llc -- Title 365
Rana Kartar -- Title 365
1543 18Th Street Llc $1,300,000 Lawyers Title
Narahara Yoshio -- None Available
Narahara Shinobu B -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rana Kartar $1,500,000
Closed Rana Kartar $1,398,000
Closed Rana Kartar $1,400,000
Previous Owner 1543 18Th Street Llc $522,800
Previous Owner Rana Kartar $1,223,475
Previous Owner Rana Kartar $1,223,475
Previous Owner 1543 18Th Street Llc $275,000
Previous Owner 1543 18Th Street Llc $284,000
Previous Owner 1543 18Th Street Llc $105,000
Previous Owner 1543 18Th Street Llc $181,000
Previous Owner 1543 18Th Street Llc $230,000
Previous Owner 1543 18Th Street Llc $100,000
Previous Owner 1543 18Th Street Llc $700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2015 03/27/15 Sold $1,300,000 +4.0% $502 / Sq Ft
03/10/2015 03/10/15 Pending -- -- --
03/06/2015 03/06/15 For Sale $1,250,000 -- $483 / 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 $19,213 $1,587,350 $1,093,680 $493,670
2024 $19,213 $1,556,227 $1,072,236 $483,991
2023 $18,906 $1,525,713 $1,051,212 $474,501
2022 $18,665 $1,495,798 $1,030,600 $465,198
2021 $18,193 $1,466,470 $1,010,393 $456,077
2019 $17,884 $1,422,975 $980,425 $442,550
2018 $16,742 $1,395,074 $961,201 $433,873
2016 $15,884 $1,319,824 $923,877 $395,947
2015 $1,737 $76,042 $47,303 $28,739
2014 $1,756 $74,554 $46,377 $28,177
Source: Public Records

Agents Affiliated with this Home

  • Lisa Casiano

    Seller's Agent in 2015

    Lisa Casiano

    Realty One Group West

    (714) 625-5904

    27 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15047828

California Regional Multiple Listing Service (CRMLS)

APN: 4275-013-015

California Los Angeles County Santa Monica 90404 Pico

1543 18th St, Santa Monica, CA

This home is located at 1543 18th St, Santa Monica, CA 90404 since 06 March 2015 and is currently estimated at $2,007,079, approximately $774 per square foot. This property was built in 1941. 1543 18th St is a home located in Los Angeles County with nearby schools including McKinley Elementary School, Lincoln Middle School, and Santa Monica High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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