NOT LISTED FOR SALE

Estimated Value: $872,000 - $1,475,000

2 Beds
1 Bath
864 Sq Ft
$423/mo HOA Fee

Last Sold November 19, 2018

Last sale price $918,000 $1,062 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $6,997/month

12 Days on Market

Highlights

  • Heated In Ground Pool
  • Automatic Gate
  • 25,983 Sq Ft lot
  • John Muir Elementary School Rated A
  • City View
  • 4-minute walk to Hotchkiss Park

About This Home

As of November 2018

This authentically special, newly renovated 2 bedroom corner unit resides in a superb Ocean Park location. It's blessed with natural light and spacious living, yet stands just blocks from the world-famous beach, Hotchkiss Park, Main St and the luxurious shopping and eating of Santa Monica's 3rd St Promenade. It boasts hardwood floors, a remodeled kitchen, comprising stainless steel appliances, an all-new bathroom and a large master bedroom, with ample built in closet space. In short, this is a perfect Santa Monica pad. But that's not all. There is a community pool, a laundry, a bike storage room, it's pet friendly, has secured entry and even one gated parking spot. From your front door it's just a short stroll to world-class public and private pre-schools at 4th & Ashland, plus elementary options at SMASH and John Muir. Enjoy all that Santa Monica has to offer residents at an affordable price with very low overheads. As an added bonus, the unit is grandfathered for short term rentals.

Last Agent to Sell the Property

Giles Donovan

Donovan Real Estate Brokerage License #01898418 Listed on: 10/08/2018

Last Buyer's Agent

Debra Ziven

Nourmand & Associates-BH License #00957334

Nourmand & Associates-BH

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1962 | Remodeled

Lot Details

  • South Facing Home
  • Gated Home

HOA Fees

  • $423 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Stucco

Interior Spaces

  • 864 Sq Ft Home
  • 3-Story Property
  • Entryway
  • Family Room
  • Dining Area
  • Wood Flooring
  • City Views
  • Laundry Room

Kitchen

  • Oven or Range
  • Gas and Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Home Security

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Automatic Gate
  • Assigned Parking

Pool

  • Heated In Ground Pool
  • Fence Around Pool

Utilities

  • Radiant Heating System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 4289-013-053

Community Details

Overview

  • 38 Units
  • Low-Rise Condominium

Amenities

  • Laundry Facilities
  • Elevator
  • Community Storage Space

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Security

  • Resident Manager or Management On Site
  • Controlled Access
  • Carbon Monoxide Detectors
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Year Built

Built in 1962 | Remodeled

Lot Details

0

HOA Fees

$423 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Low Rise
  • Street Number Display: Yes
  • Advertising Remarks: This authentically special, newly renovated 2 bedroom corner unit resides in a superb Ocean Park location. It's blessed with natural light and spacious living, yet stands just blocks from the world-famous beach, Hotchkiss Park, Main St and the luxurious shopping and eating of Santa Monica's 3rd St Promenade. It boasts hardwood floors, a remodeled kitchen, comprising stainless steel appliances, an all-new bathroom and a large master bedroom, with ample built in closet space. In short, this is a perfect Santa Monica pad. But that's not all. There is a community pool, a laundry, a bike storage room, it's pet friendly, has secured entry and even one gated parking spot. From your front door it's just a short stroll to world-class public and private pre-schools at 4th & Ashland, plus elementary options at SMASH and John Muir. Enjoy all that Santa Monica has to offer residents at an affordable price with very low overheads. As an added bonus, the unit is grandfathered for short term rentals.
  • Complex Name: Bay West Condominiums
  • Entry Floor: 1
  • Entry Location: Ground Level w/steps
  • Living Area: 864
  • Planned Urban Dev: 0
  • Property Condition: Updated/Remodeled
  • Stories: 3
  • Year Built: 1962
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Hardwood
  • Appliances: Gas/Electric Range
  • Bedrooms: 2
  • Fireplaces: 0
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Community, Laundry Area
  • Total Bathrooms: 1.00
  • Equipment: Cable, Dishwasher, Garbage Disposal, Hood Fan, Microwave, Network Wire, Range/Oven, Refrigerator
  • Fireplace: No
  • Price Per S Q F T: 1040.51

Exterior Features

  • Direction Faces: South
  • Construction: Stucco
  • Tennis Court Y/N: No
  • Exposure: South
  • Pool Description: Association Pool, Fenced, Heated And Filtered
  • Pool: Yes
  • View: City
  • View: Yes

Garage/Parking

  • Other Spaces: 1
  • Parking Garage: Assigned
  • Total Parking: 1

Utilities

  • TV Svcs: Cable TV
  • Heating: Radiant
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Fire and Smoke Detection System, Gated

Association/Amenities

  • Amenities: Controlled Access, Elevator, Extra Storage, Gated Parking, Onsite Property Management, Pool
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 423.00
  • HOA: Yes
  • Unit Location: 1st floor

Lot Info

  • Special Zoning: Property Report
  • Horses: No
  • Assessor Parcel Number: 4289-013-053
  • Geocode Override: No
  • Lot Size Area: 25983

Multi Family

  • Number Of Units: 38

MLS Schools

  • School District: Santa Monica-Malibu Unified School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2018
Closed on
Oct 22, 2018
Sold by
Garlich Horner Brian and Garlich Horner Flona
Bought by
Separ Grossbard Shoshana Amyra and Separ Shoshana Amyra Grossbard
Seller's Agent
Giles Donovan
Donovan Real Estate Brokerage
Buyer's Agent
Debra Ziven
Nourmand & Associates-BH
List Price
$899,000
Sold Price
$918,000
Premium/Discount to List
$19,000
2.11%
Current Estimated Value
$1,062,787

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,787
Avg. Annual Appreciation
2.07%

Purchase Details

Listed on
Oct 30, 2015
Closed on
Nov 24, 2015
Sold by
Magana Renee
Bought by
Horner Brian and Horner Fiona Garlich
Seller's Agent
Alan Austin
Market Group Realty
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$599,000
Sold Price
$581,525
Premium/Discount to List
-$17,475
-2.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.11%

Purchase Details

Closed on
Oct 18, 2007
Sold by
Ahmed Bina
Bought by
Magana Renee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 6, 2005
Sold by
Jensen Trine Camilla
Bought by
Magana Renee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,150
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 4, 2001
Sold by
Myhr Andres I and Myhr Brandi Rachele
Bought by
Richter Trine Camilla

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,100
Interest Rate
8%

Purchase Details

Closed on
Apr 12, 1999
Sold by
Myhr Brandi Rachele and Flowers Brandi Rachele
Bought by
Myhr Anders I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.1%

Purchase Details

Closed on
Feb 14, 1997
Sold by
2002 Bay West
Bought by
Flowers Brandi Rachele

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
7.63%

Purchase Details

Closed on
Mar 21, 1996
Sold by
Rosenloecher Christa
Bought by
Rudolph C J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
6.98%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 1, 1995
Sold by
Kabbash James and The Kabbash Living Trust
Bought by
Rudolph C J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
7.36%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Separ Grossbard Shoshana Amyra $918,000 Equity Title Company
Horner Brian $582,000 Title365 Company
Magana Renee -- Fidelity National Title Co
Magana Renee $559,000 Chicago Title Co
Richter Trine Camilla $223,000 Equity Title Company
Myhr Anders I -- Southland Title Corporation
Flowers Brandi Rachele $125,000 First American Title Co
Rudolph C J $325,000 Equity Title Company
Rudolph C J $350,000 Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Magana Renee $417,000
Previous Owner Magana Renee $475,150
Previous Owner Richter Trine Camilla $156,100
Previous Owner Myhr Anders I $150,000
Previous Owner Flowers Brandi Rachele $85,000
Previous Owner Rudolph C J $275,000
Previous Owner Rudolph C J $260,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/19/2018 11/19/18 Sold $918,000 +2.1% $1,063 / Sq Ft
10/08/2018 10/08/18 For Sale $899,000 +54.6% $1,041 / Sq Ft
12/31/2015 12/31/15 Sold $581,525 -2.9% $673 / Sq Ft View Prior Sale
11/12/2015 11/12/15 Pending -- -- --
10/30/2015 10/30/15 For Sale $599,000 -- $693 / Sq Ft
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 $12,205 $1,024,041 $819,234 $204,807
2024 $12,205 $1,003,963 $803,171 $200,792
2023 $12,007 $984,278 $787,423 $196,855
2022 $11,851 $964,980 $771,984 $192,996
2021 $11,550 $946,060 $756,848 $189,212
2020 $11,471 $936,360 $749,088 $187,272
2019 $11,351 $918,000 $734,400 $183,600
2018 $7,360 $605,512 $484,410 $121,102
2016 $7,086 $582,000 $465,600 $116,400
2015 $6,966 $578,000 $463,000 $115,000
2014 $5,813 $474,000 $380,000 $94,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 18-392914

The MLS

APN: 4289-013-053