NOT LISTED FOR SALE

Estimated Value: $2,069,000 - $2,505,961

8 Beds
4 Baths
3,636 Sq Ft
$643/Sq Ft Est. Value

Last Sold April 30, 2021

Last sale price $2,021,000 $556 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $14,789/month

26 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Wall Furnace
  • Lincoln Elementary School Rated A+
  • Paved or Partially Paved Lot

About This Home

As of April 2021

Very Well Maintained 4 unit apartment building, a short 2 blocks from Manhattan Beach.Each unit has it's own laundry.
Property is walking distance to the park and school, and close to FWY,Shopping and Beach. Rents are lower then the market rent.
2 of the 3 Bedrooms 1 bath are upstairs are spacious with high ceiling laundry area is in the kitchen, counter tops appear to be granite.
the 2 bedroom 1 bath down stairs is spacious and was remodeled recently, One of the bedrooms is a converted garage.unit has a great size yard that is good for kids or a dog. All units have newer windows.
Front house is a 3 bedrooms 2 bath in good condition, it has a nice yard. there are total of 5 garages, each unit has one garage parking and the 5th garage is being used by the current owner. All income and expense to be verified during escrow.

Last Agent to Sell the Property

Nadra Dahdah

Estate Properties License #00996145 Listed on: 02/23/2021

Estate Properties

Last Buyer's Agent

Christina Kaminsky-Phillips

Strand Hill Properties License #01828048

Strand Hill Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,946

Year Built

  • Built in 1948

Lot Details

  • 7,501 Sq Ft Lot
  • Two or More Common Walls
  • Paved or Partially Paved Lot

Parking

  • 4 Car Garage

Home Design

  • 3,636 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 4155007019

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $180
  • Insurance Expense $1,893
  • Maintenance Expense $318
  • Professional Management Expense $8,109
  • Trash Expense $1,282
  • Water Sewer Expense $1,641
  • New Taxes Expense $25,000
  • Operating Expense $4,031
  • Gross Income $109,800
  • Net Operating Income $80,949

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,946

Year Built

Built in 1948

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • Professional Management Expense: 8108.60
  • Property Attached: Yes
  • Water Sewer Expenses: 1640.70
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 180.00
  • Parcel Number: 4155007019
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 555.83

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1282.20
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Paved
  • Lot Size Sq Ft: 7501.00
  • Lot Size Acres: 0.1722

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 109800.00
  • Gross Operating Income: 109980.00
  • Gross Scheduled Income: 109980.00
  • Gross Spendable Income: 109.00
  • Insurance Expense: 1892.50
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 7501.0000 Square Feet
  • Maintenance Expense: 318.25
  • Net Operating Income: 80948.75
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Number With Refrigerator: 1
  • Operating Expense: 29031.20
  • Rent Control: No
  • Total Actual Rent: 9150.00
  • Total Expenses: 4031.25

Tax Info

  • New Taxes Expense: 25000.00
  • Tax Block: 000
  • Tax Lot: 000
  • Tax Tract Number: 000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2021
Closed on
Mar 8, 2021
Sold by
2011 Ryan Dean Humphreys Trust
Bought by
Hofeller Jonathan E and Hofeller Julia
Seller's Agent
Nadra Dahdah
Estate Properties
Buyer's Agent
Christina Kaminsky-Phillips
Strand Hill Properties
List Price
$1,999,999
Sold Price
$2,021,000
Premium/Discount to List
$21,001
1.05%
Current Estimated Value
$2,337,240

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$316,240
Avg. Annual Appreciation
2.93%
Original Mortgage
$1,515,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 8, 2011
Sold by
Humphreys Ryan Dean
Bought by
Humphreys Ryan Dean and 2011 Ryan Dean Humphreys Trust

Purchase Details

Closed on
Nov 15, 2001
Sold by
Jeanette P Townsend Revocable Living Tr
Bought by
Humphreys Ronald

Purchase Details

Closed on
Mar 27, 2001
Sold by
Townsend Jeanette P
Bought by
Jeanette P Townsend Revocable Living Tr
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
Hofeller Jonathan E $2,021,000 Chicago Title Company
Humphreys Ryan Dean -- None Available
Humphreys Ryan Dean -- None Available
Humphreys Ronald -- --
Jeanette P Townsend Revocable Living Tr -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hofeller Jonathan E $1,515,000
Previous Owner Humphreys Ronald $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2021 04/30/21 Sold $2,021,000 +1.1% $556 / Sq Ft
04/28/2021 04/28/21 Price Changed $1,999,999 0.0% $550 / Sq Ft
04/28/2021 04/28/21 For Sale $1,999,999 0.0% $550 / Sq Ft
04/27/2021 04/27/21 Price Changed $1,999,999 0.0% $550 / Sq Ft
04/27/2021 04/27/21 For Sale $1,999,999 0.0% $550 / Sq Ft
03/21/2021 03/21/21 Pending -- -- --
03/04/2021 03/04/21 For Sale $1,999,999 -1.0% $550 / Sq Ft
02/28/2021 02/28/21 Off Market $2,021,000 -- --
02/23/2021 02/23/21 For Sale $1,999,999 -- $550 / 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 $24,946 $2,187,593 $1,515,404 $672,189
2024 $24,946 $2,144,700 $1,485,691 $659,009
2023 $24,486 $2,102,648 $1,456,560 $646,088
2022 $26,179 $2,061,420 $1,428,000 $633,420
2021 $2,844 $132,224 $54,108 $78,116
2020 $2,842 $130,870 $53,554 $77,316
2019 $2,801 $128,304 $52,504 $75,800
2018 $2,630 $125,789 $51,475 $74,314
2016 $2,467 $120,906 $49,477 $71,429
2015 $2,429 $119,091 $48,734 $70,357
2014 $2,430 $116,759 $47,780 $68,979
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21033979

California Regional Multiple Listing Service (CRMLS)

APN: 4155-007-019