NOT LISTED FOR SALE

Estimated Value: $1,810,000 - $2,093,000

4 Beds
2 Baths
1,475 Sq Ft
$1,325/Sq Ft Est. Value

Last Sold August 17, 2020

Last sale price $1,410,000 $956 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $12,140/month

59 Days on Market

Highlights

  • Craftsman Architecture
  • Room in yard for a pool
  • Den
  • John Muir Elementary School Rated A
  • Wood Flooring
  • 5-minute walk to Los Amigos Park

About This Home

As of August 2020

Priced below market. ALL CASH SALE ONLY. Sold as-is with current tenants in place. No interior access (even during escrow). 1923 Santa Monica Craftsman duplex (originally built as single-family home) located on quiet st in Ocean Park, 6 blks to the beach. 1st time on the market in 60+ years & in near original condition. Swing open the white picket gate, to a classic front garden leading to the main flr unit comprised of an enclosed sun porch, comfortable living/dining rm, large kit w/nook & 2 beds + 1 bath (approx 860sf). Downstairs is a separate unit w/living/dining rm, kit & 2 beds + 1 bath (approx 640sf). Tons of original details: bay & double hung windows, period mouldings & wood flrs. Large backyard w/detached garage provides lots of possibilities. Property is subject to existing mth-2-mth tenants (will not be delivered vacant). Buyer to research current rent, eviction, ADU, land use/entitlement laws: broker/seller makes no representation.

Last Agent to Sell the Property

Tregg Rustad

Rodeo Realty License #01349144 Listed on: 05/27/2020

Rodeo Realty

Co-Listed By

Peter Maurice

Rodeo Realty License #01129738

Rodeo Realty

Last Buyer's Agent

Peter Maurice

Rodeo Realty License #01129738

Rodeo Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,128

Year Built

  • Built in 1923

Lot Details

  • 5,610 Sq Ft Lot
  • Property is zoned SMOP2*

Parking

  • 2 Car Detached Garage

Home Design

  • Craftsman Architecture
  • Split Level Home
  • Fixer Upper
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 1,475 Sq Ft Home
  • 2-Story Property
  • Bay Window
  • Entryway
  • Living Room
  • Dining Room
  • Den
  • Oven or Range

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms
  • Bathtub with Shower

Outdoor Features

  • Room in yard for a pool
  • Enclosed Patio or Porch

Utilities

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

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • The owner pays for gardener, water
  • Assessor Parcel Number 4289-009-007

Community Details

Overview

Building Details

  • Rent Control

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,128

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Style: Craftsman
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: 1923 Santa Monica Craftsman duplex (originally built as single-family home) located on a quiet street in Ocean Park, only 6 blocks to the beach. First time on the market in 60+ years, and in near original condition. Swing open the white picket gate, to a classic front garden leading to the main floor unit comprised of an enclosed sunny porch surrounded by windows, comfortable living room, dining room, large kitchen with nook, and 2 good sized bedrooms + 1 bath. Downstairs is a separate unit with living/dining rm, kitchen and 2 beds + 1 bath. Tons of original details like bay and double hung wood windows, period mouldings and wood floors. Large backyard with detached garage provides lots of possibilities, including potential ADU (ck rules w/ City). Use as currently configured duplex, or research development opportunity or potentially recombine into a single-family home. Property is subject to existing month-to-month tenancies. Buyer to research current rent, eviction, ADU and land use/entitlement laws/rules: broker/seller makes no representations concerning feasibility of any development strategy. Trust sale, no court confirmation required!
  • Alley: No
  • Living Area: 1475
  • Probate: No
  • Property Condition: Fixer
  • Stories: 2
  • Year Built: 1923
  • Number Of Photos: 26
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Number Carpet: 1
  • Number Dishwasher: 0
  • Number Range: 2
  • Number Refrigerator: 2
  • Flooring: Carpet, Wood
  • Appliances: Gas
  • Bedrooms: 4
  • Common Walls: Detached/No Common Walls
  • Bathroom Features: Shower and Tub
  • Dining Room: 1
  • Family Room: 0
  • Total Bathrooms: 2.00
  • Den: 1
  • Equipment: Range/Oven
  • Price Per S Q F T: 948.47
  • Windows: Bay Window

Exterior Features

  • Construction: Wood Siding
  • Other Structures: None
  • Tennis Court Y/N: No
  • Number Patio: 2
  • Patio: Enclosed
  • Paved: Yes
  • Pool Description: Room For
  • Pool: No
  • Roof: Asphalt
  • Spa Yn: No
  • View: No

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 2
  • Covered Parking: 2
  • Garage Structures: 1
  • Parking Garage: Detached, Garage
  • Total Parking: 2

Utilities

  • Water Heater: Tankless
  • Heating: Wall
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Sewer: In Street
  • Water: In Street
  • Water Heaters: Yes

Schools

  • School District: Santa Monica-Malibu Unified School District

Lot Info

  • Assessor Parcel Number: 4289-009-007
  • Geocode Override: No
  • Lot Size Area: 5610

Rental Info

  • Number Leased: 2
  • Total Actual Rent: 39804.00
  • Garage Rental Rate: 0
  • Land Lease Type: Fee
  • Owner Pays: Gardener, Water
  • Rent Control: Yes
  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 35.00
  • Number Of Units: 2
  • Rent Control: 100
  • Total Annual Expense: 0
  • Type Of Units: Duplex
  • Vacancy Rate: 0%

MLS Schools

  • School District: Santa Monica-Malibu Unified School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 12, 2020
Sold by
Hefley Joan and Mary Davis Revocable Trust
Bought by
Besser Sean and Besser Samantha
Current Estimated Value
$1,954,478

Purchase Details

Closed on
Sep 22, 1994
Sold by
Davis Mary
Bought by
Davis Mary and The Mary Davis Revocable Trust
Source: Public Records

Range of Values:

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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
Besser Sean $1,410,000 Equity Title Company
Davis Mary -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Besser Sean $1,000,000
Closed Besser Sean $700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2020 08/17/20 Sold $1,410,000 +0.8% $956 / Sq Ft
07/25/2020 07/25/20 Pending -- -- --
07/20/2020 07/20/20 Price Changed $1,399,000 -6.7% $948 / Sq Ft
07/16/2020 07/16/20 For Sale $1,499,000 0.0% $1,016 / Sq Ft
06/15/2020 06/15/20 Pending -- -- --
06/15/2020 06/15/20 For Sale $1,499,000 +6.3% $1,016 / Sq Ft
06/08/2020 06/08/20 Off Market $1,410,000 -- --
05/27/2020 05/27/20 For Sale $1,499,000 -- $1,016 / 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 $18,128 $1,526,226 $1,220,982 $305,244
2024 $18,128 $1,496,301 $1,197,042 $299,259
2023 $17,836 $1,466,963 $1,173,571 $293,392
2022 $17,611 $1,438,200 $1,150,560 $287,640
2021 $17,173 $1,410,000 $1,128,000 $282,000
2020 $1,602 $70,775 $60,273 $10,502
2019 $1,576 $69,389 $59,092 $10,297
2018 $1,447 $68,030 $57,934 $10,096
2016 $1,368 $65,391 $55,686 $9,705
2015 $1,347 $64,410 $54,850 $9,560
2014 $1,348 $63,149 $53,776 $9,373
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-583408

The MLS

APN: 4289-009-007