NOT LISTED FOR SALE

Estimated Value: $1,621,000 - $1,869,000

4 Beds
3 Baths
1,460 Sq Ft
$1,202/Sq Ft Est. Value

Sale Details

Date Sold: December 20, 2022

Last sale price $1,600,000 $1,096 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $11,324 / mo

71 Days on Market

Highlights

  • Engineered Wood Flooring
  • Ground Level Unit
  • 1 Car Garage
  • John Muir Elementary School Rated A
  • Breakfast Area or Nook
  • Front Porch

About This Home

As of December 2022

Rare opportunity to invest or develop multi unit residential property in Santa Monica prime location. This 7505 sq foot lot encompasses 3 separate income producing vacant dwellings consisting of a main house, and 2 attached rear units with ample off street parking and garages, all to be delivered vacant. Huge yard resembles a small park. R2 zoning near Lincoln Blvd with quick access to the 10 Freeway makes this an incredible opportunity for both the rental investor or multi unit Development Company looking to build luxury condos or apartments. Currently the main house is (2 bd 1 bth) and 2 detached rear units (1 bdr 1 bth each) encompassing a total combined 1460 sq feet. Santa Monica property values continue to increase making this an exceptional opportunity. Amazing walking and transit scores (86 & 78) enhance this prime location with Metro Access just blocks away. Don't miss this opportunity to acquire an amazing location in Santa Monica's coveted neighborhood.

Last Agent to Sell the Property

Mark Gallandt

eXp Realty of Greater Los Angeles License #01913813 Listed on: 09/01/2022

eXp Realty of Greater Los Angeles

Last Buyer's Agent

Outside Agent

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1925

Lot Details

  • 7,505 Sq Ft Lot
  • West Facing Home
  • Fenced
  • Front and Back Yard Sprinklers
  • Property is zoned SMR2*

Parking

  • 1 Car Garage
  • 3 Open Parking Spaces
  • Side by Side Parking
  • Shared Driveway

Home Design

  • Bungalow
  • Cosmetic Repairs Needed
  • Raised Foundation
  • Wood Siding

Interior Spaces

  • 1,460 Sq Ft Home
  • Living Room
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Gas and Electric Range

Flooring

  • Engineered Wood
  • Linoleum
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms
  • Bathtub

Utilities

  • Heating System Mounted To A Wall or Window
  • Overhead Utilities
  • Water Heater
  • Sewer in Street

Additional Features

  • Front Porch
  • Ground Level Unit

Community Details

  • 3 Units
  • Rent Control

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water
  • Assessor Parcel Number 4283-018-019

Home Details

Home Type

Single Family

Year Built

Built in 1925

Lot Details

7,505 Sq Ft Lot

Parking

1

Listing Details

  • Property Type: Residential Income
  • Style: Bungalow
  • Levels: Ground Level
  • Street Number Display: Yes
  • ADA Compliant: No
  • Additional Assessor Parcel Numbers: No
  • Alley: Yes
  • Building Permit: No
  • Entry Location: Ground Level w/steps
  • Living Area: 1460
  • Lot Acreage: 0.1723
  • Probate: No
  • Property Condition: Repair Cosmetic
  • Year Built: 1925
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Number Carpet: 0
  • Number Dishwasher: 0
  • Number Disposal: 0
  • Flooring: Ceramic Tile, Engineered Hardwood, Linoleum
  • Appliances: Gas/Electric Range
  • Bedrooms: 4
  • Common Walls: Detached/No Common Walls
  • Bathroom Features: Tub Only
  • Laundry: Laundry Area
  • Laundry Equipment: Own
  • Total Bathrooms: 3.00
  • Equipment: Range/Oven, Refrigerator
  • Price Per S Q F T: 1095.89

Exterior Features

  • Direction Faces: West
  • Construction: Wood Siding
  • Other Structures: None
  • Tennis Court Y/N: No
  • Foundation Details: Raised
  • Number Patio: 1
  • Patio: Porch - Front
  • Paved: Yes
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Garage Spaces: 1
  • Other Spaces: 3
  • Covered Parking: 1
  • Garage Structures: 1
  • Number Rented Garages: 1
  • Parking Garage: Covered Parking, Driveway - Concrete, Garage Is Detached, Garage - 1 Car, Side By Side, Shared Driveway
  • Total Parking: 4

Utilities

  • Water District: Santa Monica City Water
  • Water Heater: Water Heater Unit
  • Heating: Wall Gas, Wall
  • Number Electric Meters: 3
  • Number Gas Meters: 3
  • Number Water Meters: 1
  • Sewer: In Street
  • Water: In Street
  • Water Heaters: Yes

Lot Info

  • Sprinklers: Front, Rear
  • Assessed Improvement Percent: 19.16
  • Assessed Improvement Value: 10838
  • Assessed Land Percent: 80.84
  • Assessed Land Value: 45730
  • Total Assessed Value: 56568
  • Assessor Parcel Number: 4283-018-019
  • Lot Description: Utilities - Overhead, Front Yard, Fenced
  • Lot Location: Alley Access
  • Lot Size Area: 7505

Rental Info

  • Number Leased: 2
  • Land Lease Type: Fee
  • Owner Pays: Water
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 25.50
  • Number Of Units: 3
  • Number Wall A C: 0
  • Type Of Units: 4/3

Tax Info

  • Private Transfer Taxes: No
  • Mello Roos: Unknown

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
Sep 1, 2022
Closed on
Nov 22, 2022
Sold by
Bought by
Seller's Agent
Mark Gallandt
eXp Realty of Greater Los Angeles
Buyer's Agent
Outside Agent
List Price
$1,600,000
Sold Price
$1,600,000
Views
26
Current Estimated Value
$1,754,759

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$154,759
Avg. Annual Appreciation
2.59%
Original Mortgage
$1,520,000
Interest Rate
0.0695%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 8, 2021
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
$2,025,000
Interest Rate
0.0271%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Dec 7, 1998
Sold by
Bought by

Purchase Details

Closed on
Jun 19, 1995
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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
$1,600,000 Fidelity National Title
-- None Listed On Document
$177,000 First American Title Co
-- Southland Title Corporation
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 $1,785,000
Closed $1,500,000
Closed $1,800,000
Closed $500,000
Closed $1,520,000
Previous Owner $2,025,000
Previous Owner $2,025,000
Previous Owner $938,250
Previous Owner $544,185
Previous Owner $160,001
Previous Owner $116,725
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
12/20/2022 12/20/22 Sold $1,600,000 0.0% $1,096 / Sq Ft
11/11/2022 11/11/22 Pending -- -- --
11/02/2022 11/02/22 Price Changed $1,600,000 0.0% $1,096 / Sq Ft
11/02/2022 11/02/22 For Sale $1,600,000 -5.8% $1,096 / Sq Ft
10/03/2022 10/03/22 Pending -- -- --
09/01/2022 09/01/22 For Sale $1,699,000 -- $1,164 / Sq Ft
Source: The MLS

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 $21,152 $1,664,640 $1,165,248 $499,392
2024 $19,873 $1,632,000 $1,142,400 $489,600
2023 $19,553 $1,600,000 $1,120,000 $480,000
2022 $1,604 $57,698 $46,644 $11,054
2021 $1,088 $56,568 $45,730 $10,838
2020 $1,078 $55,989 $45,262 $10,727
2019 $1,064 $54,892 $44,375 $10,517
2018 $950 $53,816 $43,505 $10,311
2016 $896 $51,727 $41,816 $9,911
2015 $1,260 $50,951 $41,188 $9,763
2014 $900 $49,954 $40,382 $9,572
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-195655

The MLS

APN: 4283-018-019

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