NOT LISTED FOR SALE

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

5 Beds
4 Baths
2,525 Sq Ft
$1,091/Sq Ft Est. Value

Last Sold July 08, 2015

Last sale price $1,500,000 $594 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $17,357/month

160 Days on Market

Highlights

  • Living Room with Fireplace
  • Wood Flooring
  • Side by Side Parking
  • Grant Elementary School Rated A+
  • Built-In Features
  • Bungalow

About This Home

As of July 2015

Amazing opportunity to purchase a 3-unit investment property in the heart of Sunset Park! Property includes 3 stand alone bungalows consisting of 1 - 2 BD/2 BA, 1 - 2BD/1BA & 1 - 1BD/1BA units. The back 2 units share a garden courtyard, which provides a copious amount of outdoor space, & the front unit has a large, private patio off the den with a water feature. Unique environment w/ flexible configuration: use as short or long term rentals. 4-car garage provides an opportunity to generate extra income by renting garage spaces/ storage spaces in back! Don't miss this incredible opportunity! Perfect location seconds to beach, shopping, restaurants and all that Santa Monica has to offer! Please see private remarks.

Last Agent to Sell the Property

Tamra Pardee

Pardee Properties License #01421451 Listed on: 01/09/2015

Last Buyer's Agent

Hirsch Sherman

Keller Williams Realty Calabasas License #00710184

Keller Williams Realty Calabasas

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $29,612

Year Built

  • Built in 1932

Lot Details

  • 7,013 Sq Ft Lot
  • Property is zoned SMR2*

Parking

  • 4 Car Garage
  • Side by Side Parking

Home Design

  • Bungalow

Interior Spaces

  • 2,525 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Living Room with Fireplace
  • Wood Flooring

Kitchen

  • Oven or Range
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Utilities

  • Heating System Mounted To A Wall or Window
  • Sewer in Street

Community Details

  • 3 Units
  • Rent Control

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water
  • Assessor Parcel Number 4272-001-011

Home Details

Home Type

Single Family

Est. Annual Taxes

$29,612

Year Built

Built in 1932

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Style: Bungalow
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: Yes
  • Living Area: 2525
  • Stories: 1
  • Year Built: 1932
  • Number Of Photos: 15
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Built-Ins
  • Fireplace Rooms: Living Room
  • Flooring: Mixed, Wood
  • Bedrooms: 5
  • Common Walls: Detached/No Common Walls
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Garbage Disposal, Range/Oven
  • Price Per S Q F T: 623.76

Exterior Features

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

Garage/Parking

  • Garage Spaces: 4
  • Covered Parking: 4
  • Parking Garage: Garage, Garage - 4+ Car, Side By Side
  • Total Parking: 4

Utilities

  • Heating: Wall
  • Sewer: In Street

Lot Info

  • Assessor Parcel Number: 4272-001-011
  • Geocode Override: No
  • Lot Size Area: 7013

Rental Info

  • Owner Pays: Water
  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
  • Number Of Units: 3
  • Rent Control: 100
  • Total Annual Expense: 0
  • Type Of Units: Tradtional
  • Vacancy Rate: 0

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
$2,753,941

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

Closed on
Feb 19, 2020
Sold by
Schirripa Nicholas Patrick and Schirripa Brent Christopher
Bought by
Gr Real Estate Llc

Purchase Details

Listed on
Jan 9, 2015
Closed on
Jul 2, 2015
Sold by
Mitchell Stephen and The Mitchell Trust
Bought by
Schirripa Nicholas Patrick and Schirripa Brent Christopher
Seller's Agent
Tamra Pardee
Pardee Properties
Buyer's Agent
Hirsch Sherman
Keller Williams Realty Calabasas
List Price
$1,795,000
Sold Price
$1,500,000
Premium/Discount to List
-$295,000
-16.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.15%
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
07/08/2015 07/08/15 Sold $1,500,000 -16.4% $594 / Sq Ft
06/18/2015 06/18/15 Pending -- -- --
01/09/2015 01/09/15 For Sale $1,795,000 -- $711 / 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

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Map

Source: The MLS

MLS Number: 15-819225

The MLS

APN: 4272-001-011