NOT LISTED FOR SALE

2029 Oak St Unit A-C Santa Monica, CA 90405

Sunset Park Neighborhood

Estimated Value: $2,443,000 - $2,993,000

1 Bed
1 Bath
2,525 Sq Ft
$1,091/Sq Ft Est. Value

Last Sold March 12, 2020

Last sale price $2,175,000 $861 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $17,603/month

267 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Grant Elementary School Rated A+
  • 4 Car Garage

About This Home

As of March 2020

2029 Oak Street is a turnkey triplex located in the Sunset Park neighborhood of Santa Monica, California. The property, which consists of three free standing structures, offers an excellent unit mix of 1 one-bedroom/one-bathroom unit, 1 two-bedroom/one-bathroom unit and 1 two-bedroom/two-and-one-half-bathroom unit. Each of the units have been recently remodeled and feature new kitchens with tile backsplashes, stone countertops and high end appliances. Each unit has its own washer/dryer hookups. The remodeled bathrooms feature designer tile and high end finishes. Each unit features hardwood flooring throughout and new windows. The 2,525 square foot building sits on a 7,013 square foot SMR2 zoned lot. The property also features four enclosed garages. Please contact listing agent for full marketing package.

Last Agent to Sell the Property

Jeff Louks

Marcus & Millichap License #00908473 Listed on: 05/16/2019

Last Buyer's Agent

Jeff Louks

Marcus & Millichap License #00908473 Listed on: 05/16/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $29,612

Year Built

  • Built in 1932

Lot Details

  • 7,013

Parking

  • 4 Car Garage

Home Design

  • 2,525 Sq Ft Home

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Additional Features

  • Oven or Range
  • 7,013 Sq Ft Lot

Community Details

  • 3 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 4272-001-011

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$29,612

Year Built

Built in 1932

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2525
  • Year Built: 1932
  • Number Of Photos: 28
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Dining Room: 0
  • Family Room: 0
  • Den: 0
  • Equipment: Range/Oven, Refrigerator
  • Price Per S Q F T: 910.89

Exterior Features

  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Garage
  • Total Parking: 4

Utilities

  • Cooling: Central, Wall Unit(s)
  • Heating: Forced Air, Wall

Lot Info

  • Assessed Improvement Value: 459000
  • Assessed Land Value: 1071000
  • Assessor Parcel Number: 4272-001-011
  • Geocode Override: No
  • Lot Size Area: 7013

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 16.36
  • Number Of Units: 3
  • Total Annual Expense: 35720
  • Type Of Units: Apartments
  • Vacancy Rate: 3%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 16, 2021
Sold by
Gr Real Estate Llc
Bought by
Desert Springs Inn Llc
Current Estimated Value
$2,740,501

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,398,000
Outstanding Balance
$1,266,937
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$1,487,004

Purchase Details

Listed on
May 16, 2019
Closed on
Feb 19, 2020
Sold by
Schirripa Nicholas Patrick and Schirripa Brent Christopher
Bought by
Gr Real Estate Llc
Seller's Agent
Jeff Louks
Marcus & Millichap
Buyer's Agent
Jeff Louks
Marcus & Millichap
List Price
$2,300,000
Sold Price
$2,175,000
Premium/Discount to List
-$125,000
-5.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.46%

Purchase Details

Closed on
Jul 2, 2015
Sold by
Mitchell Stephen and The Mitchell Trust
Bought by
Schirripa Nicholas Patrick and Schirripa Brent Christopher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,350,000
Interest Rate
3.83%
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
Desert Springs Inn Llc $2,330,000 North American Title
Gr Real Estate Llc $2,175,000 North American Title Company
Schirripa Nicholas Patrick $1,500,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Desert Springs Inn Llc $1,398,000
Previous Owner Schirripa Nicholas Patrick $1,340,000
Previous Owner Schirripa Nicholas Patrick $1,350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2020 03/12/20 Sold $2,175,000 -5.4% $861 / Sq Ft
02/07/2020 02/07/20 Pending -- -- --
01/06/2020 01/06/20 For Sale $2,300,000 +5.7% $911 / Sq Ft
01/03/2020 01/03/20 Off Market $2,175,000 -- --
08/06/2019 08/06/19 For Sale $2,300,000 0.0% $911 / Sq Ft
08/06/2019 08/06/19 Price Changed $2,300,000 +5.7% $911 / Sq Ft
08/03/2019 08/03/19 Off Market $2,175,000 -- --
05/16/2019 05/16/19 For Sale $2,400,000 -- $950 / 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 $29,612 $2,522,066 $2,197,337 $324,729
2024 $29,612 $2,472,614 $2,154,252 $318,362
2023 $29,139 $2,424,132 $2,112,012 $312,120
2022 $28,781 $2,376,600 $2,070,600 $306,000
2021 $26,540 $2,197,533 $1,540,799 $656,734
2020 $19,928 $1,623,646 $1,136,553 $487,093
2019 $19,726 $1,591,811 $1,114,268 $477,543
2018 $18,445 $1,560,600 $1,092,420 $468,180
2016 $17,765 $1,500,000 $1,050,000 $450,000
2015 $3,516 $246,746 $161,453 $85,293
2014 -- $241,914 $158,291 $83,623
Source: Public Records

Agents Affiliated with this Home

  • Jeff Louks

    Seller's Agent in 2020

    Jeff Louks

    Marcus & Millichap

    (818) 212-2700

    64 Total Sales

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Map

Source: The MLS

MLS Number: 19-467388

The MLS

APN: 4272-001-011

California Los Angeles County Santa Monica 90405 Sunset Park

2029 Oak St Unit A-C, Santa Monica, CA

This home is located at 2029 Oak St Unit A-C, Santa Monica, CA 90405 since 16 May 2019 and is currently estimated at $2,753,941, approximately $1,090 per square foot. This property was built in 1932. 2029 Oak St Unit A-C is a home located in Los Angeles County with nearby schools including Grant Elementary School, John Adams Middle School, and Santa Monica High School.

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