Seller's Agent in 2015
Michael Millea
Lyon Stahl Investment Real Estate, Inc.
(310) 251-2083
45 Total Sales
1640 Berkeley St Santa Monica, CA 90404
Pico NeighborhoodEstimated Value: $2,018,000 - $2,864,000
8
Beds
4
Baths
3,498
Sq Ft
$681/Sq Ft
Est. Value
Highlights
- Living Room
- Rectangular Lot
- Front Yard
- McKinley Elementary School Rated A
- Wall Furnace
About This Home
As of July 2015Charming 4 Unit apartment building located in the desirable City of Santa Monica. Significant Rental upside. The unit mix is comprised of a cozy two bedroom one bath house that features a beautiful front yard. Behind the house, there is a small brick pathway, (3) two bedroom one bath units, and a double car garage and two carports that are all accessible from the alley. The two buildings are situated on a 5,787 square foot lot (assessor) zoned SMR2.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #01069014 Listed on: 06/02/2015
Last Buyer's Agent
Lyon Stahl Investment Real Estate, Inc. License #01069014 Listed on: 06/02/2015
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1937
Lot Details
- 5,788 Sq Ft Lot
- Property fronts an alley
- No Common Walls
- Rectangular Lot
- Front Yard
Parking
- 3 Car Garage
- 2 Carport Spaces
Interior Spaces
- 3,498 Sq Ft Home
- Living Room
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Utilities
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 13
- Tax Tract Number 7392
- Assessor Parcel Number 4268004013
Community Details
Overview
- 2 Buildings
- 4 Units
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,504
- Gardener Expense $960
- Insurance Expense $1,749
- Maintenance Expense $3,432
- Trash Expense $1,078
- Water Sewer Expense $1,000
- New Taxes Expense $16,876
- Gross Income $5,959
- Net Operating Income $41,048
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 2, 2015
Closed on
Jul 28, 2015
Sold by
Sarin Rakesh K and Yang Anna
Bought by
Sarin Family Trust
Seller's Agent
Michael Millea
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Michael Millea
Lyon Stahl Investment Real Estate, Inc.
List Price
$1,400,000
Sold Price
$1,450,000
Premium/Discount to List
$50,000
3.57%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$933,351
Avg. Annual Appreciation
4.88%
Purchase Details
Closed on
Jan 24, 2015
Sold by
Yamato Richard T and The Barbara L Yamato Exemtion
Bought by
Sarin Rakesh K and Yang Anna
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$942,500
Interest Rate
3.98%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 1, 2011
Sold by
Yamato Richard T and Yamato Family Trust
Bought by
Yamato Richard T and Barbara L Yamato Exemption Tru
Purchase Details
Closed on
Nov 24, 2009
Sold by
Yamato Richard T and Frank & Mary Yamato Family Tru
Bought by
Yamato Richard T
Purchase Details
Closed on
Oct 28, 2009
Sold by
Yamato Richard T
Bought by
Yamato Richard T and Yamato Barbara L
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sarin Family Trust | -- | Pacific Coast Title Company | |
| Sarin Rakesh K | $1,450,000 | Pacific Coast Title Company | |
| Yamato Richard T | -- | None Available | |
| Yamato Richard T | -- | None Available | |
| Yamato Richard T | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Sarin Rakesh K | $942,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/31/2015 07/31/15 | Sold | $1,450,000 | +3.6% | $415 / Sq Ft |
| 06/15/2015 06/15/15 | Pending | -- | -- | -- |
| 06/02/2015 06/02/15 | For Sale | $1,400,000 | -- | $400 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $20,599 | $1,716,501 | $1,201,552 | $514,949 |
| 2024 | $20,599 | $1,682,845 | $1,177,993 | $504,852 |
| 2023 | $20,271 | $1,649,849 | $1,154,896 | $494,953 |
| 2022 | $20,015 | $1,617,500 | $1,132,251 | $485,249 |
| 2021 | $19,508 | $1,585,785 | $1,110,050 | $475,735 |
| 2020 | $19,374 | $1,569,525 | $1,098,668 | $470,857 |
| 2019 | $19,179 | $1,538,751 | $1,077,126 | $461,625 |
| 2018 | $17,991 | $1,508,580 | $1,056,006 | $452,574 |
| 2016 | $17,317 | $1,450,000 | $1,015,000 | $435,000 |
| 2015 | $2,131 | $114,596 | $45,057 | $69,539 |
| 2014 | $2,143 | $112,352 | $44,175 | $68,177 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Millea
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB15118408
APN: 4268-004-013
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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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