NOT LISTED FOR SALE

Estimated Value: $1,717,000 - $2,094,000

4 Beds
5 Baths
2,288 Sq Ft
$810/Sq Ft Est. Value

Last Sold February 02, 2024

Last sale price $1,655,000 $723 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $11,071/month

101 Days on Market

Highlights

  • In Ground Spa
  • Hydromassage or Jetted Bathtub
  • Den
  • Grant Elementary School Rated A+
  • Granite Countertops
  • Breakfast Area or Nook

About This Home

As of February 2024

Excited to introduce 2025 Ocean Park Boulevard, a meticulously maintained property situated on a 6,069 square-foot lot in the highly sought-after Sunset Park neighborhood of Santa Monica. This remarkable property, spanning 2,288 square feet, was constructed in 1949 as a four-unit building, and later converted into a three-unit building in 2016 when the seller combined two of the units to use as an owner-user unit.The property's unit configuration has been thoughtfully designed to maximize its attractiveness. It includes two 1-bedroom/1-bathroom units, both featuring updated bathrooms, with one unit also boasting a renovated kitchen. The property is enveloped by lush landscaping, offering dedicated patio spaces where tenants can set up outdoor amenities. All units feature hardwood floors and have been impeccably maintained. The 2-bedroom/2.5-bathroom converted unit, previously occupied by the owner, has undergone extensive renovations, leaving no detail spared. It includes an in-unit washer/dryer and a pantry room, a custom-built wet bar, a spacious kitchen with granite countertops and stainless-steel appliances, a sunlit master bedroom with an expansive powder room, a walk-in closet, and luxurious master bathroom with a multi-jet shower and a full-sized jacuzzi. The expansive backyard is adorned with mature landscaping, while the private front yard accommodates a large endless swimming jet spa/pool and ample space for entertainment. The property features an attached one-car garage to the main unit and an additional three parking spaces in the front. Street parking is available in the area, and tenants also have the option to purchase parking permits from the city for added parking flexibility. All tenants are current on their rents.Walking distance to Santa Monica College and various city amenities, this property is minutes away from the beach and has easy access to PCH as well as both the 10 and 405 Freeways. This is a rare opportunity to acquire a tastefully renovated triplex, with the potential to revert it back to a fourplex.

Last Agent to Sell the Property

Natalie Hagler

NAI Capital Commercial Inc. License #02200672 Listed on: 10/13/2023

NAI Capital Commercial Inc.

Last Buyer's Agent

Natalie Hagler

NAI Capital Commercial Inc. License #02200672 Listed on: 10/13/2023

NAI Capital Commercial Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,972

Year Built

  • Built in 1949 | Remodeled

Lot Details

  • 6,069 Sq Ft Lot
  • Gated Home

Parking

  • 1 Car Attached Garage
  • 3 Open Parking Spaces
  • 3 Carport Spaces
  • Garage Door Opener
  • Driveway

Home Design

  • Triplex

Interior Spaces

  • 2,288 Sq Ft Home
  • 2-Story Property
  • Bar
  • Ceiling Fan
  • Skylights in Kitchen
  • Dining Room
  • Den
  • Fire Sprinkler System
  • Gas And Electric Dryer Hookup

Kitchen

  • Breakfast Area or Nook
  • Oven
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Remodeled Bathroom
  • 5 Bathrooms
  • Hydromassage or Jetted Bathtub
  • Bathtub with Shower
  • Spa Bath

Outdoor Features

  • In Ground Spa
  • Balcony

Utilities

  • Central Heating
  • Property is located within a water district

Community Details

  • 3 Units
  • Vacancy Allowance $2,736

Listing and Financial Details

  • Assessor Parcel Number 4273-019-016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,972

Year Built

Built in 1949 | Remodeled

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Building Permit: Yes
  • Entry Floor: 1
  • Entry Location: Main Level
  • Living Area: 2288
  • Lot Acreage: 0.1393
  • Price Per Unit: 650000.00
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1949
  • Number Of Photos: 26
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Bar
  • Appliances: Oven
  • Bedrooms: 4
  • Bedroom Features: Ground Floor Master
  • Common Walls: Attached
  • Bathroom Features: Remodeled, Shower and Tub, Tile, Tub With Jets
  • Dining Room: 1
  • Family Room: 0
  • Kitchen Features: Granite Counters, Pantry, Remodeled, Skylight(s)
  • Total Bathrooms: 5.00
  • Den: 1
  • Equipment: Garbage Disposal, Gas Or Electric Dryer Hookup
  • Price Per S Q F T: 808.57

Exterior Features

  • Other Features: Balcony
  • Other Structures: None
  • Tennis Court Y/N: No
  • Spa: Bath Tub, In Ground, Hot Tub
  • Spa Yn: Yes

Garage/Parking

  • Carport Spaces: 3
  • Garage Spaces: 1
  • Other Spaces: 3
  • Covered Parking: 1
  • Parking Garage: Attached, Door Opener, Driveway
  • Total Parking: 4

Utilities

  • Cooling: Ceiling Fan, Air Conditioning
  • Heating: Central
  • Security: Fire and Smoke Detection System, Gated
  • Water: District
  • Water Heaters: Yes

Fee Information

  • Insurance Expense: 2621.00
  • Maintenance Expense: 1634.00
  • Management Expense: 4560.00

Lot Info

  • Additions Alterations: Yes
  • Assessed Improvement Percent: 14.81
  • Assessed Improvement Value: 133972
  • Assessed Land Percent: 85.19
  • Assessed Land Value: 770372
  • Total Assessed Value: 904344
  • Assessor Parcel Number: 4273-019-016
  • Lot Size Area: 6069

Rental Info

  • Total Actual Rent: 91200.00

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 20.30
  • Number Of Units: 3
  • Total Annual Expense: 31705
  • Type Of Units: triplex
  • Vacancy Allow: 2736
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 3%

Tax Info

  • Tax Expense: 21450.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2023
Closed on
Feb 27, 2024
Sold by
Rad Daniel
Bought by
2025 Ocean Park Boulevard Llc
Seller's Agent
Natalie Hagler
NAI Capital Commercial Inc.
Buyer's Agent
Natalie Hagler
NAI Capital Commercial Inc.
List Price
$1,850,000
Sold Price
$1,655,000
Premium/Discount to List
-$195,000
-10.54%
Views
143
Current Estimated Value
$1,852,250

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$197,250
Avg. Annual Appreciation
7.39%
Original Mortgage
$1,324,000
Interest Rate
6.61%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 13, 2023
Closed on
Jan 26, 2024
Sold by
Chusid Eugenia and Chusid Gennady
Bought by
Rad Daniel
Seller's Agent
Natalie Hagler
NAI Capital Commercial Inc.
Buyer's Agent
Natalie Hagler
NAI Capital Commercial Inc.
List Price
$1,850,000
Sold Price
$1,655,000
Premium/Discount to List
-$195,000
-10.54%
Views
143

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,324,000
Interest Rate
6.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 22, 2016
Sold by
Merman Gennady
Bought by
Chusid Eugenia and Merman Gennady

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$528,000
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 2004
Sold by
Dimodica Frank and Dimodica Antoinine
Bought by
Merman Gennady

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
4.62%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
2025 Ocean Park Boulevard Llc -- None Listed On Document
Rad Daniel $1,655,000 Old Republic Title Company
Chusid Eugenia -- Title 365
Merman Gennady $675,000 Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rad Daniel $1,324,000
Previous Owner Chusid Eugenia $528,000
Previous Owner Merman Gennady $475,000
Previous Owner Dimodica Frank $110,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/02/2024 02/02/24 Sold $1,655,000 -10.5% $723 / Sq Ft
01/22/2024 01/22/24 Pending -- -- --
01/16/2024 01/16/24 For Sale $1,850,000 0.0% $809 / Sq Ft
12/27/2023 12/27/23 Pending -- -- --
11/02/2023 11/02/23 Price Changed $1,850,000 -5.1% $809 / Sq Ft
10/13/2023 10/13/23 For Sale $1,950,000 -- $852 / 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 $11,972 $1,688,100 $1,428,000 $260,100
2024 $11,972 $940,878 $801,494 $139,384
2023 $11,779 $922,430 $785,779 $136,651
2022 $11,621 $904,344 $770,372 $133,972
2021 $11,312 $886,613 $755,267 $131,346
2019 $11,115 $860,317 $732,866 $127,451
2018 $10,413 $843,449 $718,497 $124,952
2016 $10,016 $810,698 $690,598 $120,100
2015 $9,884 $798,521 $680,225 $118,296
2014 $9,773 $782,880 $666,901 $115,979
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-321531

The MLS

APN: 4273-019-016