NOT LISTED FOR SALE

Estimated Value: $1,773,129 - $3,289,000

2 Beds
2 Baths
1,660 Sq Ft
0.54 Acres

Last Sold June 05, 2017

Last sale price $1,900,000 $1,145 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $14,189/month

Highlights

  • City View
  • 0.54 Acre Lot
  • Engineered Wood Flooring
  • John Muir Elementary School Rated A
  • Contemporary Architecture
  • 5-minute walk to South Beach Park

About This Home

As of February 2023

This industrial modern 2bdrm/2bath situated on the corner of Main/Marine, known as the Sailhouse Lofts, is just a few blocks to the beach between the line of Santa Monica and Venice. Great live/work environment. Experience the best of Ocean Park, Santa Monica Main street area w/ great outdoor dining, the Sunday Farmers Market at OP BLVD/Main St. Boarding Venice and with in walking distance to the Rose Corridor or a quick drive, scooter or bike ride to the eclectic and vibrant Abbot Kinney Blvd. This location is a haven for the beach goers lifestyle or the beach loving/outdoor enthusiasts so surf, skate, bike or sunbath. This unit has a love where you live atmosphere contemporary, chic, and sexy. Want a wonderful place to create content for the influencer in you? This is it. Come check this unit out and be prepared to say WOW!!!! You won't be disappointed! Available for immediate occupancy.

Last Agent to Rent the Property

Leah Melika

Compass License #01472610 Listed on: 11/18/2022

Compass

Last Renter's Agent

Lisa Anderson

Keller Williams Hollywood Hills License #01452497

Keller Williams Hollywood Hills

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $25,630

Year Built

  • Built in 2006

Lot Details

  • 0.54

Parking

  • 2 Car Garage
  • Controlled Entrance

Home Design

  • Contemporary Architecture

Interior Spaces

  • 1,660 Sq Ft Home
  • Living Room
  • Dining Area
  • City Views

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Engineered Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Double Vanity
  • Bathtub with Shower

Laundry

  • Laundry closet
  • Dryer
  • Washer

Additional Features

  • Open Patio
  • Central Heating and Cooling System

Listing and Financial Details

  • Security Deposit $16,000
  • Tenant pays for cable TV, electricity, gas, special
  • Rent includes association dues
  • 12 Month Lease Term
  • Assessor Parcel Number 4288-005-025

Community Details

Pet Policy

  • Call for details about the types of pets allowed

Additional Features

  • Low-Rise Condominium
  • Controlled Access
  • Elevator

Condo Details

Home Type

Condominium

Est. Annual Taxes

$25,630

Year Built

Built in 2006

Lot Details

0

Parking

2

Rental Info

  • Credit Report Paid By: Tenant
  • Furnished: Furnished Or Unfurnished
  • Rent Includes: Association Dues
  • Security Deposit: 16000
  • Tenant Pays: Cable TV, Electricity, Gas, Special

Listing Details

  • Property Type: Residential Lease
  • Style: Contemporary
  • Single Family Or Apt: Condo/Apt
  • Street Number Display: Yes
  • Lease Terms: 1+Year
  • Living Area: 1660
  • Lot Acreage: 0.5439
  • Monthto Month: No
  • Probate: No
  • Year Built: 2006
  • Number Of Photos: 18
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Flooring: Tile, Engineered Hardwood
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Bathroom Features: Tile, Shower Over Tub, Double Vanity(s)
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: Dining Area
  • Laundry: In Closet, In Unit, Laundry Closet Stacked
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Range/Oven, Washer, Elevator, Hood Fan, Refrigerator
  • Price Per S Q F T: 4.22

Exterior Features

  • Pool: No
  • View: City
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Assigned, Garage, Community Garage, Controlled Entrance, Covered Parking
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Heating: Central

Association/Amenities

  • Amenities: Controlled Access, Elevator
  • Pet Rules: Call

Lot Info

  • Assessor Parcel Number: 4288-005-025
  • Lot Size Area: 23692

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2017
Closed on
May 22, 2017
Sold by
Coltman Andrew M and The Heytsbury Trust
Bought by
Ms 212 Llc
Seller's Agent
Nancy Osborne
Compass
Buyer's Agent
Tamra Pardee
Pardee Properties
List Price
$2,165,000
Sold Price
$1,900,000
Premium/Discount to List
-$265,000
-12.24%
Current Estimated Value
$2,212,032

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$312,032
Avg. Annual Appreciation
0.96%

Purchase Details

Closed on
May 9, 2014
Sold by
Coltman Andrew M
Bought by
Coltman Andrew M and The Heytsbury Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$999,000
Interest Rate
5.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 24, 2011
Sold by
Klein John
Bought by
The Heytsbury Trust

Purchase Details

Closed on
Feb 3, 2009
Sold by
Smith Charles F
Bought by
Klein John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$770,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 23, 2006
Sold by
Sailhouse Llc
Bought by
Smith Charles F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$885,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage
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
Ms 212 Llc $1,900,000 Fidelity National Title Co
Coltman Andrew M -- Chicago Title
Coltman Andrew M -- Chicago Title
The Heytsbury Trust $1,375,000 Fidelity National Title Co
Klein John $1,100,000 Fidelity National Title Co
Smith Charles F $1,180,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Coltman Andrew M $975,000
Previous Owner Coltman Andrew M $999,000
Previous Owner Klein John $777,000
Previous Owner Klein John $770,000
Previous Owner Smith Charles F $885,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/02/2023 02/02/23 Rented $7,000 0.0% --
01/31/2023 01/31/23 Under Contract -- -- --
12/09/2022 12/09/22 Price Changed $7,000 -12.5% $4 / Sq Ft
11/18/2022 11/18/22 For Rent $8,000 0.0% --
06/05/2017 06/05/17 Sold $1,900,000 -4.9% $1,145 / Sq Ft
05/14/2017 05/14/17 Pending -- -- --
05/06/2017 05/06/17 Price Changed $1,997,500 -7.7% $1,203 / Sq Ft
04/17/2017 04/17/17 For Sale $2,165,000 -- $1,304 / 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 $25,630 $2,205,106 $1,764,087 $441,019
2024 $25,630 $2,161,870 $1,729,498 $432,372
2023 $25,219 $2,119,482 $1,695,587 $423,895
2022 $24,911 $2,077,925 $1,662,341 $415,584
2021 $24,307 $2,037,183 $1,629,747 $407,436
2019 $23,902 $1,976,760 $1,581,408 $395,352
2018 $22,495 $1,938,000 $1,550,400 $387,600
2016 $17,100 $1,458,928 $1,061,039 $397,889
2015 $16,879 $1,437,015 $1,045,102 $391,913
2014 $16,633 $1,408,866 $1,024,630 $384,236
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-215005

The MLS

APN: 4288-005-025