Seller's Agent in 2019
Austin Zahn
Lyon Stahl Investment Real Estate, Inc.
(310) 613-1251
62 Total Sales
1844 16th St Unit A-C Santa Monica, CA 90404
Pico NeighborhoodEstimated Value: $2,434,000 - $3,889,000
8
Beds
8
Baths
3,732
Sq Ft
$855/Sq Ft
Est. Value
Highlights
- Laundry Room
- Paved or Partially Paved Lot
- Front Yard
- Will Rogers Elementary Rated A
About This Home
As of December 2019We are pleased to present 1844 16th St. This four unit building boasts an impressive mix of (1) 2-bed 2-bath detached front house and (3) 2-bed 1.5-bath town-house style units. The front 2-bed 2-bath house will be delivered vacant. All units have undergone tasteful interior remodels, along with, a new roof, new copper plumbing, new windows, new tankless water heaters and water efficient landscaping. The 3,732 SF property sits on a 7,504 SF lot (BTV) just around the corner from Santa Monica College. The quiet tree-lined street, strong in-place income, and high demand rental location makes this opportunity one you won't want to miss!
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #01936451 Listed on: 09/11/2019
Last Buyer's Agent
Lyon Stahl Investment Real Estate, Inc. License #01936451 Listed on: 09/11/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $32,379
Year Built
- Built in 1948
Lot Details
- 7,504 Sq Ft Lot
- Two or More Common Walls
- Paved or Partially Paved Lot
- Front Yard
Home Design
- 3,732 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
Laundry
- Laundry Room
Listing and Financial Details
- Legal Lot and Block 17 / 4
- Tax Tract Number 7018
- Assessor Parcel Number 4283031018
Community Details
Overview
- 2 Buildings
- 4 Units
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Fuel Expense $600
- Gardener Expense $1,200
- Insurance Expense $2,626
- Maintenance Expense $4,878
- Trash Expense $1,000
- Water Sewer Expense $600
- New Taxes Expense $34,375
- Operating Expense $45,279
- Gross Income $162,600
- Net Operating Income $112,443
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 11, 2019
Closed on
Nov 26, 2019
Sold by
3148 James M Woods Lp
Bought by
1844 16Th Street Llc
Seller's Agent
Austin Zahn
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Austin Zahn
Lyon Stahl Investment Real Estate, Inc.
List Price
$2,750,000
Sold Price
$2,520,000
Premium/Discount to List
-$230,000
-8.36%
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
$423,625
Avg. Annual Appreciation
4.21%
Original Mortgage
$1,764,000
Outstanding Balance
$1,531,843
Interest Rate
2.75%
Mortgage Type
New Conventional
Estimated Equity
$1,659,074
Purchase Details
Closed on
Jul 24, 2018
Sold by
Triwest Investments Lp
Bought by
3148 James M Woods Lp
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,365,000
Interest Rate
4.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
May 10, 2017
Sold by
Ivanir Omer and Overend Blake
Bought by
Triwest Investments Lp
Purchase Details
Closed on
Aug 5, 2016
Sold by
Saba Investments Llc
Bought by
Ivanir Omer and Overend Blake
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,283,750
Interest Rate
3.48%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Feb 5, 2015
Sold by
Burcham Max and Burcham Nancy L
Bought by
Saba Investment Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,242,000
Interest Rate
3.66%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Purchase Details
Closed on
May 14, 2014
Sold by
Martin Maria Del Refujio and Julian A Martin & Maria Del Re
Bought by
Burcham Max and Burcham Nancy L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
4.09%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 29, 2004
Sold by
Martin Maria Delrefujio
Bought by
Delrefujio Martin Julian A and Delrefujio Martin Maria
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 |
|---|---|---|---|
| 1844 16Th Street Llc | $2,520,000 | Lawyers Title Corporation | |
| 3148 James M Woods Lp | -- | Provident Title | |
| Triwest Investments Lp | -- | None Available | |
| Ivanir Omer | -- | North American Title | |
| Saba Investment Llc | $1,380,000 | Fidelity National Title Co | |
| Burcham Max | $1,150,000 | Lawyers Title | |
| Delrefujio Martin Julian A | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 1844 16Th Street Llc | $1,764,000 | |
| Previous Owner | 3148 James M Woods Lp | $1,430,000 | |
| Previous Owner | 3148 James M Woods Lp | $1,365,000 | |
| Previous Owner | Ivanir Omer | $1,283,750 | |
| Previous Owner | Saba Investments Llc | $1,242,000 | |
| Previous Owner | Saba Investment Llc | $1,242,000 | |
| Previous Owner | Martin Maria Del Refujio | $500,000 | |
| Previous Owner | Burcham Max | $1,172,000 | |
| Previous Owner | Delrefugio Martin Julian A | $127,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/03/2019 12/03/19 | Sold | $2,520,000 | -8.4% | $675 / Sq Ft |
| 10/03/2019 10/03/19 | Pending | -- | -- | -- |
| 09/11/2019 09/11/19 | For Sale | $2,750,000 | 0.0% | $737 / Sq Ft |
| 10/15/2018 10/15/18 | Rented | $3,300 | 0.0% | -- |
| 10/13/2018 10/13/18 | For Rent | $3,300 | -- | -- |
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 | $32,379 | $2,755,984 | $1,929,190 | $826,794 |
| 2024 | $32,379 | $2,701,946 | $1,891,363 | $810,583 |
| 2023 | $31,864 | $2,648,968 | $1,854,278 | $794,690 |
| 2022 | $31,474 | $2,597,028 | $1,817,920 | $779,108 |
| 2021 | $30,704 | $2,546,107 | $1,782,275 | $763,832 |
| 2020 | $30,496 | $2,521,100 | $1,764,000 | $757,100 |
| 2019 | $27,562 | $2,248,364 | $1,950,750 | $297,614 |
| 2018 | $25,894 | $2,204,300 | $1,912,500 | $291,800 |
| 2017 | $17,382 | $1,429,064 | $1,004,487 | $424,577 |
| 2016 | $16,803 | $1,401,044 | $984,792 | $416,252 |
| 2015 | $13,966 | $1,150,000 | $800,000 | $350,000 |
| 2014 | $4,754 | $337,628 | $238,894 | $98,734 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller's Agent in 2018
Julie Kirschbaum
Engel & Volkers Santa Monica
(310) 460-2525
20 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB19217138
APN: 4283-031-018
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