201 38th Place Manhattan Beach, CA 90266
Estimated Value: $2,021,649 - $2,494,000
4
Beds
4
Baths
1,838
Sq Ft
$1,250/Sq Ft
Est. Value
Highlights
- Ocean View
- No HOA
- 3 Car Garage
- Grand View Elementary School Rated A
- Laundry Room
- Paved or Partially Paved Lot
About This Home
As of April 2024This fantastic duplex consists of 2 Units. Each unit has two beds and two baths, and the property includes a one-car and two-car parking garage for a total of three garage spaces. Not only is this duplex within walking distance of the beach, but both units have ocean views.
Unit A enters through their front door on the east side of the house. Once you enter the home and walk up a few stairs, everything is on one level. This unit has an open floor plan; the kitchen opens to the living room with great ocean views, perfect for entertaining and watching the sunsets sitting by the cute fireplace in the living room, creating that cozy ambiance. It has two bedrooms and two bathrooms, one with a bathtub. This unit comes with a two-car garage. It has access to a shared laundry room that is located on the west side of the building.
Unit B has two entrances, one on the east and one on the west. This unit consists of two levels. As you enter the unit from the east side, you walk into the kitchen that opens to the living room, with a peak a boo ocean view from the west window. You will find one bedroom and one bathroom upstairs with a walk-in closet. The second bedroom, bathroom, and walk-in closet downstairs with a west-side private entrance. There is a shared laundry room on the west side of the house as well, with its door from the exterior. This unit (B) has a private door from the interior downstairs, connecting the house to the laundry room.
All in all, this duplex is one you want to take advantage of! It is steps from the beach; this duplex offers beach living at its finest. Make dinner and walk down to watch the South Bay sunsets as you unwind your day. The ample garage space makes it easy to park and enjoy the proximity to and from the beach, as well as North Manhattan stores and restaurants. The owner has paid for the underground utilities that are scheduled to take place this year. Take advantage of the opportunity to own this rare gem!
Last Listed By
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 3103451239 License #01717819 Listed on: 02/24/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,055
Year Built
- Built in 1972
Lot Details
- 1,348 Sq Ft Lot
- 1 Common Wall
- Paved or Partially Paved Lot
- Density is up to 1 Unit/Acre
- 4137011076
Parking
- 3 Car Garage
- Parking Available
- Front Facing Garage
- Two Garage Doors
Home Design
- Duplex
Interior Spaces
- 1,838 Sq Ft Home
- 2-Story Property
- Living Room with Fireplace
- Ocean Views
- Laundry Room
Kitchen
- Convection Oven
- Built-In Range
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 9
- Tax Tract Number 4103
- Assessor Parcel Number 4137011075
Community Details
Overview
- No Home Owners Association
- 2 Units
Amenities
- Laundry Facilities
Building Details
- 2 Leased Units
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $240
- Insurance Expense $1,100
- Trash Expense $600
- Water Sewer Expense $1,200
- Operating Expense $3,140
- Gross Income $104,000
- Net Operating Income $100,860
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 24, 2024
Closed on
Mar 14, 2024
Sold by
B Panasewicz 2001 Trust and Panasewicz Barbara
Bought by
John Daniel Webber Revocable Trust and Webber
Seller's Agent
Julie Lyon
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Rick Wilkinson
Redfin Corporation
List Price
$2,000,000
Sold Price
$2,250,000
Premium/Discount to List
$250,000
12.5%
Total Days on Market
13
Views
43
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
$47,662
Avg. Annual Appreciation
1.91%
Original Mortgage
$1,472,250
Outstanding Balance
$1,455,812
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$841,850
Purchase Details
Closed on
Sep 23, 1998
Sold by
Mcgavic Derrick
Bought by
Mcpherson Edwin F
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,000
Interest Rate
7.37%
Purchase Details
Closed on
Feb 10, 1998
Sold by
A May Mathew E and Lanfre May Kimbe
Bought by
Mcgavic Derrick
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$436,500
Interest Rate
7.11%
Purchase Details
Closed on
Nov 1, 1994
Sold by
Lord Dennis L and Lord Jennifer D
Bought by
May Mathew E
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Similar Homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| John Daniel Webber Revocable Trust | $2,250,000 | First American Title | |
| Mcpherson Edwin F | $560,000 | Southland Title | |
| Mcgavic Derrick | $485,000 | Lawyers Title Company | |
| May Mathew E | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | John Daniel Webber Revocable Trust | $1,472,250 | |
| Previous Owner | Panasewicz Barbara | $205,000 | |
| Previous Owner | Panasewicz Barbara | $260,500 | |
| Previous Owner | Panasewicz Barbara | $282,000 | |
| Previous Owner | Mcpherson Edwin F | $500,000 | |
| Previous Owner | Mcpherson Edwin F | $448,000 | |
| Previous Owner | Mcgavic Derrick | $44,000 | |
| Previous Owner | Mcgavic Derrick | $436,500 | |
| Closed | Mcpherson Edwin F | $56,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/12/2024 04/12/24 | Sold | $2,250,000 | +12.5% | $1,224 / Sq Ft |
| 03/08/2024 03/08/24 | Pending | -- | -- | -- |
| 02/24/2024 02/24/24 | For Sale | $2,000,000 | 0.0% | $1,088 / Sq Ft |
| 03/12/2019 03/12/19 | Rented | $4,000 | 0.0% | -- |
| 03/08/2019 03/08/19 | Under Contract | -- | -- | -- |
| 03/04/2019 03/04/19 | For Rent | $4,000 | +6.7% | -- |
| 12/05/2017 12/05/17 | Rented | $3,750 | 0.0% | -- |
| 11/28/2017 11/28/17 | Price Changed | $3,750 | -10.7% | $5 / Sq Ft |
| 10/16/2017 10/16/17 | Price Changed | $4,200 | -6.7% | $5 / Sq Ft |
| 10/10/2017 10/10/17 | For Rent | $4,500 | -- | -- |
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 |
|---|---|---|---|---|
| 2024 | $11,055 | $941,402 | $651,744 | $289,658 |
| 2023 | $10,766 | $922,944 | $638,965 | $283,979 |
| 2022 | $10,584 | $904,848 | $626,437 | $278,411 |
| 2021 | $10,452 | $887,106 | $614,154 | $272,952 |
| 2019 | $10,178 | $860,796 | $595,939 | $264,857 |
| 2018 | $9,981 | $843,918 | $584,254 | $259,664 |
| 2016 | $9,166 | $811,150 | $561,568 | $249,582 |
| 2015 | $8,978 | $798,967 | $553,133 | $245,834 |
| 2014 | $8,862 | $783,317 | $542,298 | $241,019 |
Source: Public Records
Agents Affiliated with this Home
-
Julie Lyon
Seller's Agent in 2024
Julie Lyon
Lyon Stahl Investment Real Estate, Inc.
(310) 345-1239
15 in this area
88 Total Sales
-
Buyer's Agent in 2024
Rick Wilkinson
Redfin Corporation
(310) 663-9064
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB24036950
APN: 4137-011-075
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