NOT LISTED FOR SALE

Estimated Value: $1,810,386 - $1,889,000

6 Beds
3 Baths
2,449 Sq Ft
$755/Sq Ft Est. Value

Last Sold March 07, 2024

Last sale price $1,760,000 $719 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $12,024/month

13 Days on Market

Highlights

  • Midcentury Modern Architecture
  • Mountain View
  • Lawn
  • Will Rogers Elementary Rated A
  • Wood Flooring
  • Fenced Yard

About This Home

As of March 2024

A fantastic opportunity to own a well-located income property. All units are bright and open with hardwood floors, a dining area, and laundry. Units are individually metered for gas & electricity. A private gated backyard and (3) open parking spots are off the rear alley. Excellent option for an owner-user to live in one unit and rent the other 2, or for a savvy investor to add to their portfolio for future expansion on this large lot. Endless possibilities for the right buyer! Two units will be vacant at the close of escrow, providing an opportunity for renovation, expansion, or new construction. This is a central location situated in the heart of the westside, and within 5 minutes to Santa Monica College and downtown Santa Monica. This property is also a stone's throw from some local favorites such as The Farmer's Market, Campos, and Whole Foods Market. Your opportunity to own multiple units on the west side! Buyers are advised to independently verify the accuracy of any information through personal inspection and with the appropriate professionals.

Last Agent to Sell the Property

Carroll Mceachern

Coldwell Banker Realty License #00917133 Listed on: 01/16/2024

Coldwell Banker Realty

Last Buyer's Agent

Jaleh Azarmi

Coldwell Banker Realty License #01176352

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,570

Year Built

  • Built in 1945

Lot Details

  • 7,747 Sq Ft Lot
  • West Facing Home
  • Fenced Yard
  • Rectangular Lot
  • Lawn
  • Back Yard

Home Design

  • Midcentury Modern Architecture
  • Raised Foundation
  • Stucco

Interior Spaces

  • 2,449 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Dining Area
  • Mountain Views

Kitchen

  • Oven or Range
  • Range
  • Tile Countertops

Flooring

  • Wood
  • Linoleum
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in Kitchen
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • Assigned Parking

Utilities

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

Community Details

  • 3 Units
  • Service Entrance

Listing and Financial Details

  • Tenant pays for electricity, gas, insurance
  • The owner pays for gardener, water
  • Assessor Parcel Number 4274-013-005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,570

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Mid-Century
  • Levels: One
  • Street Number Display: Yes
  • ADA Compliant: No
  • Additional Assessor Parcel Numbers: No
  • Alley: Yes
  • Entry Location: Living Room
  • Living Area: 2449
  • Lot Acreage: 0.1778
  • Probate: Yes
  • Year Built: 1945
  • Number Of Photos: 24
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Number Range: 3
  • Number Refrigerator: 3
  • Flooring: Hardwood, Ceramic Tile, Linoleum
  • Appliances: Range
  • Bedrooms: 6
  • Common Walls: Attached
  • Bathroom Features: Shower Over Tub, Tile
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Tile Counters
  • Laundry: In Kitchen
  • Laundry Equipment: Own
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Dryer, Range/Oven, Refrigerator, Washer, Stackable W/D Hookup
  • Price Per S Q F T: 644.75

Exterior Features

  • Direction Faces: West
  • Construction: Stucco
  • Other Structures: None
  • Foundation Details: Raised
  • Paved: Yes
  • View: Tree Top, Mountains
  • View: Yes

Garage/Parking

  • Other Spaces: 3
  • Parking Garage: Assigned
  • Total Parking: 3

Utilities

  • Water District: Santa Monica Water
  • Water Heater: Gas, Water Heater Unit
  • Heating: Wall Gas
  • Number Electric Meters: 3
  • Number Gas Meters: 3
  • Security: Smoke Detector, Carbon Monoxide Detector(s)
  • Sewer: Paid, In Street
  • Water: Public
  • Water Heaters: Yes

Schools

  • School District: Santa Monica-Malibu Unified School District

Lot Info

  • Assessed Improvement Percent: 48.41
  • Assessed Improvement Value: 242935
  • Assessed Land Percent: 51.59
  • Assessed Land Value: 258869
  • Total Assessed Value: 501804
  • Assessor Parcel Number: 4274-013-005
  • Lot Description: Curbs, Lawn, Fenced Yard, Back Yard, Alley Paved, Lot Shape-Rectangular, Sidewalks, Single Lot, Street Paved
  • Lot Location: Alley Access, Flats
  • Lot Size Area: 7747

Rental Info

  • Number Leased: 1
  • Court Approve: No
  • Owner Pays: Gardener, Water
  • Tenant Pays: Electricity, Gas, Insurance

Multi Family

  • Unit Type: 2106
  • Number Of Units: 3
  • Total Annual Expense: 0
  • Type Of Units: 2 + 1
  • Vacancy Allow Percent: 66.00
  • Vacancy Rate: 2

Tax Info

  • Private Transfer Taxes: No

MLS Schools

  • School District: Santa Monica-Malibu Unified School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2024
Closed on
Feb 8, 2024
Sold by
Singh Michael
Bought by
Huang Yue-Ren Jamison
Seller's Agent
Carroll Mceachern
Coldwell Banker Realty
Buyer's Agent
Jaleh Azarmi
Coldwell Banker Realty
List Price
$1,579,000
Sold Price
$1,760,000
Premium/Discount to List
$181,000
11.46%
Views
41
Current Estimated Value
$1,866,799

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,799
Avg. Annual Appreciation
3.60%
Original Mortgage
$907,000
Outstanding Balance
$892,952
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$956,395

Purchase Details

Closed on
Aug 22, 2012
Sold by
Singh Gloria
Bought by
Singh Paul Karm

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
3.63%
Mortgage Type
New Conventional
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
Huang Yue-Ren Jamison $1,760,000 Equity Title Company
Singh Paul Karm -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Huang Yue-Ren Jamison $907,000
Previous Owner Singh Paul Karm $125,000
Previous Owner Singh Paul Karm $75,000
Previous Owner Singh Paul Karm $220,000
Previous Owner Singh Paul Karm $205,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/07/2024 03/07/24 Sold $1,760,000 +11.5% $719 / Sq Ft
01/29/2024 01/29/24 Pending -- -- --
01/16/2024 01/16/24 For Sale $1,579,000 0.0% $645 / Sq Ft
07/08/2019 07/08/19 Rented $3,150 0.0% --
07/02/2019 07/02/19 Under Contract -- -- --
06/21/2019 06/21/19 Price Changed $3,150 -5.7% $4 / Sq Ft
06/03/2019 06/03/19 Price Changed $3,340 -7.2% $4 / Sq Ft
05/22/2019 05/22/19 Price Changed $3,600 +7.5% $4 / Sq Ft
05/17/2019 05/17/19 For Rent $3,350 -- --
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 $20,570 $1,795,200 $1,581,000 $214,200
2024 $20,570 $1,683,000 $1,479,000 $204,000
2023 $6,961 $501,804 $258,869 $242,935
2022 $6,858 $491,966 $253,794 $238,172
2021 $6,657 $482,320 $248,818 $233,502
2019 $6,535 $468,016 $241,439 $226,577
2018 $6,008 $458,840 $236,705 $222,135
2016 $5,837 $441,024 $227,514 $213,510
2015 $5,758 $434,400 $224,097 $210,303
2014 $5,706 $425,892 $219,708 $206,184
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-348287

The MLS

APN: 4274-013-005