1923 12th St Santa Monica, CA 90404
Pico Neighborhood
4
Beds
3
Baths
2,152
Sq Ft
7,510
Sq Ft Lot
About This Home
As of February 2018Fabulous pride of ownership triplex opportunity on a large lot in the heart of Santa Monica. Close to SM College and the beach, this triplex consists of a charming lower rear owner's unit with high ceilings and a large private backyard, upper 1 bedroom with ocean and mountain views, and a lower front one bedroom with high ceilings and a front yard. Owner's unit will be vacant at the close of escrow. An owner lives in lower front one bedroom and would like to stay at market rent ($2,000). Upper one bedroom is currently rented ($1,850) and will not be delivered vacant. 5 side x side parking spaces off the alley. If a triplex is owner-occupied, the property can be exempted from rent control where new market rents can be set. Please speak with SM Rent Control. This property sits at the top of the hill on 12th - a very special opportunity and location.
Last Buyer's Agent
Kin-Chih Wang
License #00841439
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $24,291
Year Built
- Built in 1925
Lot Details
- 7,510 Sq Ft Lot
- Lot Dimensions are 50x150
Interior Spaces
- 2,152 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Parking
- 5 Parking Spaces
- Side by Side Parking
- Uncovered Parking
Community Details
- 3 Units
Listing and Financial Details
- Assessor Parcel Number 4283-027-016
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 15, 2018
Closed on
Jan 23, 2018
Sold by
Barker Barry Mayhew
Bought by
Wang David Chih Wen and Wang Claudia
Seller's Agent
Kin-Chih Wang
Al Mar Company
Buyer's Agent
Kin-Chih Wang
Al Mar Company
Sold Price
$3,700
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
$2,159,708
Avg. Annual Appreciation
2.84%
Original Mortgage
$1,225,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Jan 31, 2017
Sold by
Ferry Joseph P
Bought by
Evans Cynthia Ann and Barker Barry Mayhew
Purchase Details
Closed on
Aug 14, 2008
Sold by
Barker Betty A
Bought by
Barker Betty Ann and Betty Ann Barker Survivors Trust
Similar Homes in Santa Monica, CA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,804,000 | Fidelity National Title Comp | |
| Quit Claim Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,161,500 | New Conventional | |
| Closed | $1,225,000 | Adjustable Rate Mortgage/ARM |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/19/2018 03/19/18 | Rented | $3,700 | 0.0% | -- |
| 03/15/2018 03/15/18 | For Rent | $3,700 | 0.0% | -- |
| 02/15/2018 02/15/18 | Sold | $1,803,750 | +6.2% | $838 / Sq Ft |
| 01/16/2018 01/16/18 | Pending | -- | -- | -- |
| 01/02/2018 01/02/18 | For Sale | $1,699,000 | -- | $789 / Sq Ft |
Source: The MLS
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 | $24,291 | $2,052,354 | $1,938,573 | $113,781 |
| 2024 | $24,291 | $2,012,112 | $1,900,562 | $111,550 |
| 2023 | $23,902 | $1,972,660 | $1,863,297 | $109,363 |
| 2022 | $23,604 | $1,933,981 | $1,826,762 | $107,219 |
| 2021 | $23,022 | $1,896,061 | $1,790,944 | $105,117 |
| 2019 | $22,635 | $1,839,825 | $1,737,825 | $102,000 |
| 2018 | $1,548 | $59,862 | $48,454 | $11,408 |
| 2016 | $1,457 | $57,539 | $46,573 | $10,966 |
| 2015 | $1,434 | $56,676 | $45,874 | $10,802 |
| 2014 | $1,449 | $55,567 | $44,976 | $10,591 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2018
Stacey Valnes
Create
(310) 455-0096
4 in this area
77 Total Sales
-
K
Seller's Agent in 2018
Kin-Chih Wang
Al Mar Company
(714) 821-8999
3 Total Sales
-
Seller Co-Listing Agent in 2018
Heather Bell
The Agency
(310) 779-7211
45 Total Sales
Map
Source: The MLS
MLS Number: 17-297828
APN: 4283-027-016
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