NOT LISTED FOR SALE

Estimated Value: $1,904,000 - $2,378,000

7 Beds
5 Baths
2,868 Sq Ft
$754/Sq Ft Est. Value

Last Sold April 27, 2021

Last sale price $2,000,000 $697 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $13,656/month

50 Days on Market

Highlights

  • Property is near public transit
  • End Unit
  • Granite Countertops
  • Will Rogers Elementary Rated A
  • Ground Level Unit
  • Lawn

About This Home

As of April 2021

Back on the Market - Buyer was unable to perform -Charming one story 4-unit with the white picket fence on a quiet street. Located near Santa Monica College, Trader Joes, Whole Foods and public transit in Santa Monica's Pico District. The property features two separate buildings - the front offers a 3 bed / 2 bath (can be DELIVERED VACANT at close of escrow) and a 2 bed / 1 bath. The back building offers two 1 bed / 1 bath units. Three of the four units were renovated four years ago by the current owners. During this renovation period, units 2/3/4 received new kitchens and baths, floors, appliances, and recessed lighting. All the windows for both buildings were replaced with dual-pane windows, the parking area was paved with concrete (1 per unit and 1 extra for visitors), and all common areas were landscaped - irrigation systems installed. More recently, the owner installed one EV charging connection for the parking space belonging to the 3 Bed / 2 bath, and also had both buildings Earthquake Retrofitted. Great property & location

Last Agent to Sell the Property

SJ Van Der Berg

Vault Brokerage License #01997787 Listed on: 01/26/2021

Last Buyer's Agent

Jacqueline Fiske

Compass License #01943216

Compass

Property Details

Home Type

  • Multi-Family

Lot Details

  • 7,980 Sq Ft Lot
  • End Unit
  • North Facing Home
  • Fenced Yard
  • Landscaped
  • Level Lot
  • Lawn

Home Design

  • Updated or Remodeled
  • Additions or Alterations
  • Raised Foundation
  • Fire Rated Drywall
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 2,868 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Drapes & Rods
  • Blinds
  • Window Screens

Kitchen

  • Gas Oven
  • Microwave
  • Water Line To Refrigerator
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Remodeled Bathroom
  • 5 Bathrooms
  • Low Flow Toliet
  • Bathtub with Shower
  • Shower Only
  • Low Flow Shower
  • Linen Closet In Bathroom

Laundry

  • Laundry in Kitchen
  • Dryer
  • Washer

Home Security

  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Side by Side Parking
  • Guest Parking
  • Assigned Parking

Outdoor Features

  • Stone Porch or Patio

Location

  • Ground Level Unit
  • Property is near public transit
  • City Lot

Utilities

  • Air Conditioning
  • Central Heating
  • Vented Exhaust Fan
  • Heating System Mounted To A Wall or Window
  • Property is located within a water district
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for gardener, water
  • Assessor Parcel Number 4274-016-022

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Rent Control
  • Vacancy Allowance $3,638

Property Details

Home Type

Multi-Family

Lot Details

7,980 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Levels: Ground Level, One
  • Street Number Display: Yes
  • ADA Compliant: No
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: Calling all investors, Owner-Occupiers, and House-Hackers! Now for sale with an owner's unit to be delivered vacant at close of escrow! Charming one story 4-unit with the white picket fence on a quiet street. Located near Santa Monica College, Trader Joes, Whole Foods and public transit in Santa Monica's Pico District. The property features two separate buildings - the front offers a 3 bed / 2 bath (to be DELIVERED VACANT at close of escrow) and a 2 bed / 1 bath. The back building offers two 1 bed / 1 bath units. Three of the four units were renovated four years ago by the current owners. During this renovation period, units A/B/C received new kitchens and baths, floors, appliances, and recessed lighting. All the windows for both buildings were replaced with dual-pane windows, the parking area was paved with concrete (1 per unit and 1 extra for visitors), and all common areas were landscaped - irrigation systems installed. More recently, the owner installed one EV charging connection for the parking space belonging to the 3 Bed / 2 bath, and also had both buildings Earthquake Retrofitted. Great property & location
  • Alley: Yes
  • Entry Location: Ground Level w/steps
  • Living Area: 2868
  • Lot Acreage: 0.1832
  • Probate: No
  • Property Condition: Additions/Alter, Updated/Remodeled
  • Stories: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Common Walls, Drywall Walls
  • Number Carpet: 1
  • Number Dishwasher: 2
  • Number Disposal: 3
  • Flooring: Carpet, Ceramic Tile, Laminate, Tile
  • Appliances: Oven-Gas, Free Standing Gas
  • Bedrooms: 7
  • Bedroom Features: All Bedrooms Down
  • Common Walls: Attached
  • Bathroom Features: Low Flow Toilet(s), Low Flow Shower(s), Remodeled, Shower Over Tub, Shower Stall, Tile, Linen Closet
  • Kitchen Features: Granite Counters, Remodeled
  • Laundry: In Kitchen
  • Laundry Equipment: Own
  • Total Bathrooms: 5.00
  • Equipment: Ceiling Fan, Dishwasher, Dryer, Garbage Disposal, Gas Dryer Hookup, Microwave, Range/Oven, Refrigerator, Stackable W/D Hookup, Vented Exhaust Fan, Washer, Water Line to Refrigerator
  • Price Per S Q F T: 723.50
  • Windows: Drapes/Curtains, Screens, Window Blinds

Exterior Features

  • Direction Faces: North
  • Construction: Stucco
  • Other Features: End Unit
  • Other Structures: None
  • Tennis Court Y/N: No
  • Foundation Details: Raised
  • Number Patio: 4
  • Patio: Patio Open, Rock/Stone
  • Paved: Yes
  • Pool: No
  • Roof: Asphalt
  • Spa Yn: No
  • View: No

Garage/Parking

  • Other Spaces: 5
  • Parking Garage: Assigned, Side By Side, Parking for Guests - Onsite, Uncovered
  • Total Parking: 5

Utilities

  • Water Heater: Gas
  • Cooling: Air Conditioning, Ceiling Fan
  • Heating: Central, Wall Gas
  • Number Electric Meters: 4
  • Number Gas Meters: 4
  • Number Water Meters: 1
  • Security: Smoke Detector, Fire Rated Drywall, Carbon Monoxide Detector(s)
  • Water: District
  • Water Heaters: Yes

Lot Info

  • Additions Alterations: Yes
  • Assessed Improvement Percent: 29.65
  • Assessed Improvement Value: 300900
  • Assessed Land Percent: 70.35
  • Assessed Land Value: 714000
  • Total Assessed Value: 1014900
  • Assessor Parcel Number: 4274-016-022
  • Lot Description: 2-4 Lots, Alley Paved, Back Yard, Curbs, Exterior Security Lights, Fenced, Fenced Yard, Front Yard, Landscaped, Lawn, Sidewalks, Single Lot, Street Asphalt, Street Lighting, Street Paved, Lot-Level/Flat, Yard
  • Lot Location: Alley Access, City, Near Public Transit
  • Lot Size Area: 7980

Rental Info

  • Number Leased: 4
  • Total Actual Rent: 121272.00
  • Owner Pays: Gardener, Water
  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 17.11
  • Number Of Units: 4
  • Type Of Units: Rental
  • Vacancy Allow: 3638
  • Vacancy Allow Percent: 3.00

Tax Info

  • Mello Roos: Unknown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2015
Closed on
Aug 18, 2015
Sold by
Buckman James G and Buckman Family Trust
Bought by
Hoffman Delwhite Geoffry and Hoffman White Eric
Seller's Agent
Alimon Williams
THE MILLENNIUM GROUP
Buyer's Agent
Alimon Williams
THE MILLENNIUM GROUP
List Price
$975,000
Sold Price
$995,000
Premium/Discount to List
$20,000
2.05%
Current Estimated Value
$2,162,945

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,167,945
Avg. Annual Appreciation
7.67%
Original Mortgage
$746,250
Outstanding Balance
$591,473
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,571,472

Purchase Details

Closed on
Apr 29, 2014
Sold by
Buckman James G
Bought by
Buckman James G and Buckman Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$715,000
Interest Rate
4.35%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 26, 2013
Sold by
Buckman James G
Bought by
Buckman James G and Buckman Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$467,000
Interest Rate
4.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 21, 2012
Sold by
Buckman James G and Buckman George V
Bought by
Buckman James G and Buckman Family Trust

Purchase Details

Closed on
Aug 29, 2000
Sold by
Buckman Amie I and The Buckman Family Trust
Bought by
Buckman Amie I and The Buckman Family Trust

Purchase Details

Closed on
May 19, 1994
Sold by
Buckman James and Buckman Amie I
Bought by
Buckman James and Buckman Amie I
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hoffman Delwhite Geoffry $995,000 Provident Title
Buckman James G -- Lawyers Title
Buckman James G -- Lawyers Title
Buckman James G -- Lawyers Title
Buckman James G -- Wfg Title Company Of Ca
Buckman James G -- Wfg Title Company Of Ca
Buckman James G -- Wfg Title Company Of Ca
Buckman James G -- None Available
Buckman Amie I -- --
Buckman James -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hoffman Delwhite Geoffry $746,250
Previous Owner Buckman James G $715,000
Previous Owner Buckman James G $467,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/27/2021 04/27/21 Sold $2,000,000 -3.6% $697 / Sq Ft
03/17/2021 03/17/21 Pending -- -- --
03/12/2021 03/12/21 For Sale $2,075,000 0.0% $724 / Sq Ft
02/23/2021 02/23/21 Pending -- -- --
01/26/2021 01/26/21 For Sale $2,075,000 +108.5% $724 / Sq Ft
09/22/2015 09/22/15 Sold $995,000 +2.1% $347 / Sq Ft View Prior Sale
08/15/2015 08/15/15 Pending -- -- --
08/10/2015 08/10/15 For Sale $975,000 -- $340 / Sq Ft
Source: The MLS

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 $27,349 $2,164,862 $1,786,012 $378,850
2024 $25,674 $2,122,415 $1,750,993 $371,422
2023 $25,263 $2,080,800 $1,716,660 $364,140
2022 $24,946 $2,040,000 $1,683,000 $357,000
2021 $13,809 $1,088,175 $765,550 $322,625
2020 $13,714 $1,077,538 $757,701 $319,837
2019 $13,570 $1,056,421 $742,845 $313,576
2018 $12,718 $1,035,718 $728,280 $307,438
2016 $12,235 $995,000 $700,000 $295,000
2015 $1,694 $68,699 $32,615 $36,084
2014 $1,715 $67,355 $31,977 $35,378
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-684714

The MLS

APN: 4274-016-022

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