NOT LISTED FOR SALE

2031 5th St Santa Monica, CA 90405

Ocean Park Neighborhood

Estimated Value: $1,950,000 - $3,850,000

6 Beds
7 Baths
4,597 Sq Ft
$675/Sq Ft Est. Value

Last Sold January 21, 2014

Last sale price $1,800,000 $392 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $18,451/month

77 Days on Market

About This Home

As of January 2014

Unit #2 will be delivered vacant at the close of escrow. Approximately 70% UPSIDE in rents! The property features (2) spacious townhouse-style units and (2) 1+1 apartments. All units have private balconies. The large townhouse unit has three fireplaces. Just 5 blocks from the beach, this building is in a prime location for an owner user. There is a 2-car private garage, (3) covered parking spaces and additional guest parking.

Last Agent to Sell the Property

Kenny Stevens

Compass License #01090251 Listed on: 07/25/2013

Compass

Last Buyer's Agent

Brad Neal

Gold Coast Properties License #00904899

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,198

Year Built

  • Built in 1965

Lot Details

  • 5,611 Sq Ft Lot

Interior Spaces

  • 4,597 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 7 Bathrooms

Parking

  • 5 Parking Spaces
  • Covered Parking

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 4289-009-016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,198

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4597
  • Stories: 2
  • Year Built: 1965
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 7.00
  • Den: 0
  • Price Per S Q F T: 404.61

Exterior Features

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

Garage/Parking

  • Parking Garage: Covered Parking, Garage - 2 Car
  • Total Parking: 5

Lot Info

  • Assessed Improvement Value: 111633
  • Assessed Land Value: 50532
  • Assessor Parcel Number: 4289-009-016
  • Geocode Override: No
  • Lot Size Area: 5611

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Number Of Units: 4
  • Total Annual Expense: 35921
  • Type Of Units: 2Twnhs 2Apt
  • Vacancy Rate: 0%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 29, 2018
Sold by
2031 5Th Street L P
Bought by
2031 5Th Street L P
Current Estimated Value
$2,985,748

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,885,000
Outstanding Balance
$1,658,148
Interest Rate
5.2%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,443,937

Purchase Details

Closed on
Feb 28, 2017
Sold by
Lowther Jackie and Jose M Bunge Childrens Trust
Bought by
2031 5Th Street Inc

Purchase Details

Closed on
Dec 22, 2016
Sold by
Bunge Sophia Moreno and Moreno Bunge Matias Jose
Bought by
2031 5Th Street Lp

Purchase Details

Listed on
Jul 25, 2013
Closed on
Dec 16, 2013
Sold by
Sain Family Limited Partnership
Bought by
Bunge Sophia Moreno and Moreno Bunge Matias Jose
Seller's Agent
Kenny Stevens
Compass
Buyer's Agent
Brad Neal
Gold Coast Properties
List Price
$1,890,000
Sold Price
$1,800,000
Premium/Discount to List
-$90,000
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.82%
Original Mortgage
$200,000
Interest Rate
4.45%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
Not Available
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
2031 5Th Street L P -- Chicago Title Company
2031 5Th Street Inc -- None Available
2031 5Th Street Lp -- None Available
Lowther Jackie -- None Available
Bunge Sophia Moreno -- Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 2031 5Th Street L P $1,885,000
Previous Owner Bunge Sophia Moreno $1,410,000
Previous Owner Bunge Sophia Moreno $200,000
Previous Owner Bunge Sophia Moreno $1,170,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/21/2014 01/21/14 Sold $1,800,000 -4.8% $392 / Sq Ft
10/10/2013 10/10/13 Pending -- -- --
07/25/2013 07/25/13 For Sale $1,890,000 -- $411 / 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 $26,198 $2,206,541 $1,471,029 $735,512
2024 $26,198 $2,163,277 $1,442,186 $721,091
2023 $25,782 $2,120,860 $1,413,908 $706,952
2022 $25,462 $2,079,276 $1,386,185 $693,091
2021 $24,825 $2,038,506 $1,359,005 $679,501
2019 $24,410 $1,978,046 $1,318,698 $659,348
2018 $22,917 $1,939,262 $1,292,842 $646,420
2016 $22,059 $1,863,961 $1,242,641 $621,320
2015 $21,775 $1,835,964 $1,223,976 $611,988
2014 $2,796 $166,157 $51,776 $114,381
Source: Public Records

Agents Affiliated with this Home

  • Kenny Stevens

    Seller's Agent in 2014

    Kenny Stevens

    Compass

    (424) 284-4453

    42 Total Sales

    Section Image
  • Brad Neal

    Buyer's Agent in 2014

    Brad Neal

    Gold Coast Properties

    (310) 936-3050

    2 Total Sales

    Section Image
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Map

Source: The MLS

MLS Number: 13-691901

The MLS

APN: 4289-009-016

California Los Angeles County Santa Monica 90405 Ocean Park

2031 5th St, Santa Monica, CA

This home is located at 2031 5th St, Santa Monica, CA 90405 since 25 July 2013 and is currently estimated at $3,102,085, approximately $674 per square foot. This property was built in 1965. 2031 5th St is a home located in Los Angeles County with nearby schools including John Muir Elementary School, John Adams Middle School, and Santa Monica High School.

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