$2,300,000
SOLD APR 15, 2025
3 Beds
3 Baths
1,392 Sq Ft
1,345 Sq Ft Lot

Recently Sold

$1,652 Per Sq Ft

2% Below List Price

33 Days on Market

Highlights

  • Laundry Room
  • Grand View Elementary School Rated A
  • Forced Air Heating System

About This Home

As of April 2025

Here’s your chance to own a fantastic duplex in one of California’s most coveted beachside neighborhoods. 205 38th Street is just steps away from the stunning El Porto Beach and within easy walking distance of all the great restaurants, shops, and entertainment the area has to offer. The upper unit (Unit A) is bright and spacious, featuring two bedrooms and two full bathrooms. The open-concept living area includes a cozy fireplace and offers spectacular ocean views from the living room, dining space, and kitchen, and an outdoor patio with stunning views and cool ocean breezes — perfect for those who want to enjoy the beach lifestyle. Unit B, located on the ground floor, is a one-bedroom, one-bathroom unit with a comfortable living area and a well-designed kitchen. It also has an outdoor deck area, ideal for enjoying the year-round Southern California sunshine. Finding parking near the beach is always a challenge, but this property includes a roomy two-car garage with additional storage space and laundry hookups. Come make 205 38th Street yours!

Last Agent to Sell the Property

Mark Lima

Lima Real Estate Group Brokerage Email: mlima@limarealestategroup.com License #01845513 Listed on: 01/08/2025

Last Buyer's Agent

Mark Lima

Lima Real Estate Group Brokerage Email: mlima@limarealestategroup.com License #01845513 Listed on: 01/08/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1967

Lot Details

  • 1,345 Sq Ft Lot
  • Two or More Common Walls
  • No Landscaping

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 1,392 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Legal Lot and Block 14 / 2
  • Tax Tract Number 3701
  • Assessor Parcel Number 4137011115

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Operating Expense $25,023

Property Details

Home Type

Multi-Family

Year Built

Built in 1967

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Zoning: MNRH
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 4137011115
  • Year Built: 1967
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 1652.30

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: No Landscaping
  • Lot Size Sq Ft: 1345.00
  • Lot Size Acres: 0.0309

Multi Family

  • Gross Scheduled Income: 76200.00
  • Lot Size Area: 1345.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 25023.00
  • Rent Control: No
  • Total Actual Rent: 6360.00
  • Total Expenses: 25023.00

Tax Info

  • Tax Block: 2
  • Tax Census Tract: 6202.01
  • Tax Lot: 14
  • Tax Tract Number: 3701

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2025
Closed on
Feb 14, 2025
Sold by
Wood Michael Corbett and Lejnieks Martin J
Bought by
Kernan Stephen M and Kernan Lindsey A
Seller's Agent
Mark Lima
Lima Real Estate Group
Buyer's Agent
Mark Lima
Lima Real Estate Group
List Price
$2,350,000
Sold Price
$2,300,000
Premium/Discount to List
-$50,000
-2.13%
Views
47
Current Estimated Value
$2,342,043

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,043
Avg. Annual Appreciation
2.83%
Original Mortgage
$1,840,000
Interest Rate
6.76%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Grant Deed $2,300,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,840,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/15/2025 04/15/25 Sold $2,300,000 -2.1% $1,652 / Sq Ft
02/10/2025 02/10/25 Pending -- -- --
01/08/2025 01/08/25 For Sale $2,350,000 -- $1,688 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $6,196 $2,184,840 $2,080,800 $104,040
2024 $6,196 $359,184 $239,464 $119,720
2023 $6,049 $352,142 $234,769 $117,373
2022 $5,974 $345,238 $230,166 $115,072
2021 $5,987 $338,469 $225,653 $112,816
2019 $4,239 $328,432 $218,961 $109,471
2018 $4,146 $321,993 $214,668 $107,325
2016 $3,680 $309,491 $206,333 $103,158
2015 $3,606 $304,843 $203,234 $101,609
2014 $3,570 $298,872 $199,253 $99,619
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25005430

California Regional Multiple Listing Service (CRMLS)

APN: 4137-011-115