NOT LISTED FOR SALE

Estimated Value: $1,756,000 - $2,419,000

5 Beds
4 Baths
2,645 Sq Ft
$792/Sq Ft Est. Value

Last Sold November 23, 2016

Last sale price $1,500,000 $567 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $12,870/month

15 Days on Market

About This Home

As of November 2016

This GREAT income opportunity is centrally located in Santa Monica! This 3 unit building has incredible value with the ability to increase rent. Perfectly located in one of the best LA neighborhoods, this multi-unit is close to Santa Monica high school, Virginia Park, incredible restaurants, high-end shops and more. With the increased VALUE and the incredible potential this property has should have you hooked right away!

Last Agent to Sell the Property

Sally Forster Jones

Compass License #00558939 Listed on: 10/14/2016

Compass

Last Buyer's Agent

Ryan Scarzone

Coldwell Banker Realty License #01910272

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939

Lot Details

  • 7,992 Sq Ft Lot

Interior Spaces

  • 2,645 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • 2 Parking Spaces
  • Off-Site Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 4274-019-014

Property Details

Home Type

Multi-Family

Year Built

Built in 1939

Lot Details

7,992 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2645
  • Stories: 1
  • Year Built: 1939
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 528.92

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Offsite
  • Total Parking: 2

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 135023
  • Assessed Land Value: 454417
  • Assessor Parcel Number: 4274-019-014
  • Geocode Override: No
  • Lot Size Area: 7992

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Number Of Units: 3
  • Type Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2016
Closed on
Nov 9, 2016
Sold by
Johnston Susan C
Bought by
Jones Jacqueline R and Jones Miles
Seller's Agent
Sally Forster Jones
Compass
Buyer's Agent
Ryan Scarzone
Coldwell Banker Realty
List Price
$1,399,000
Sold Price
$1,500,000
Premium/Discount to List
$101,000
7.22%
Current Estimated Value
$2,094,733

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$594,733
Avg. Annual Appreciation
3.64%
Original Mortgage
$967,950
Outstanding Balance
$776,239
Interest Rate
3.47%
Mortgage Type
New Conventional
Estimated Equity
$1,318,494

Purchase Details

Closed on
May 31, 2000
Sold by
Krohn Doria
Bought by
Krohn Doria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
8.24%

Purchase Details

Closed on
Apr 14, 2000
Sold by
Shomer Robert W and Shomer Elisabeth
Bought by
Krohn Doria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
8.24%

Purchase Details

Closed on
Apr 10, 2000
Sold by
Shomer Andrea N and Shomer Andrea
Bought by
Shomer Robert Wm and Shomer Elisabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
8.24%
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
Jones Jacqueline R $1,500,000 Fidelity National Title
Krohn Doria -- --
Krohn Doria -- --
Krohn Doria $454,000 First American Title Co
Shomer Robert Wm -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jones Jacqueline R $967,950
Previous Owner Krohn Doria $330,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/23/2016 11/23/16 Sold $1,500,000 +7.2% $567 / Sq Ft
10/29/2016 10/29/16 Pending -- -- --
10/14/2016 10/14/16 For Sale $1,399,000 -- $529 / 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 $22,225 $1,740,875 $1,450,730 $290,145
2024 $20,861 $1,706,741 $1,422,285 $284,456
2023 $20,528 $1,673,277 $1,394,398 $278,879
2022 $20,268 $1,640,468 $1,367,057 $273,411
2021 $19,759 $1,608,302 $1,340,252 $268,050
2020 $19,624 $1,591,812 $1,326,510 $265,302
2019 $19,425 $1,560,600 $1,300,500 $260,100
2018 $18,225 $1,530,000 $1,275,000 $255,000
2016 $7,542 $589,440 $454,417 $135,023
2015 $7,441 $580,587 $447,592 $132,995
2014 $7,363 $569,215 $438,825 $130,390
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 16-171074

The MLS

APN: 4274-019-014

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