NOT LISTED FOR SALE

216 Idaho Ave Santa Monica, CA 90403

Wilshire Montana Neighborhood

Estimated Value: $3,051,000 - $4,657,000

8 Beds
4 Baths
4,809 Sq Ft
$761/Sq Ft Est. Value

Last Sold January 21, 2016

Last sale price $2,600,000 $541 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $24,418/month

40 Days on Market

Highlights

  • Wood Flooring
  • Tandem Parking
  • 4-minute walk to Palisades Park
  • Roosevelt Elementary School Rated A+
  • Floor Furnace

About This Home

As of January 2016

Excellent Owner-User Opportunity! Location, location, location... Walk to the Third Street Promenade, Santa Monica Mall, Pier, Montana Ave. shops and just a few blocks from the Ocean!!! All 4 units are Two Beds and One Bath. One unit will be delivered vacant at Close of Escrow and the rent for this unit is projected at $3,500. Expenses are projected. Seller will not be performing any repairs, retrofit, or termite work in connection with this sale. Property is selling in it's existing "AS-IS,WHERE-IS" condition. Each unit has its own separate electric meter and there is only one gas meter for all units. All units are under the Santa Monica Rent Control, Buyers are advised to do their due diligence regarding same. Agents please read private remarks for further instructions.

Last Agent to Sell the Property

Vanessa Pineda

Vanessa Pineda License #01810936 Listed on: 10/07/2015

Last Buyer's Agent

Ryan Marshall

Superior Real Estate License #01952418

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $35,992

Year Built

  • Built in 1921

Lot Details

  • 5,001 Sq Ft Lot

Home Design

  • Flat Roof Shape
  • Stucco

Interior Spaces

  • 4,809 Sq Ft Home
  • Decorative Fireplace
  • Oven or Range

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 2 Parking Spaces
  • Tandem Parking
  • Uncovered Parking

Utilities

  • Floor Furnace
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for gardener, gas, water
  • Assessor Parcel Number 4292-023-020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$35,992

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4809
  • Year Built: 1921
  • Number Of Photos: 53
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Fireplace Rooms: Decorative
  • Flooring: Carpet, Hardwood
  • Bedrooms: 8
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Range/Oven, Refrigerator
  • Price Per S Q F T: 623.62

Exterior Features

  • Construction: Stucco
  • Tennis Court Y/N: No
  • Construction: Frame and Stucco
  • Pool: No
  • Roof: Flat
  • View: No

Garage/Parking

  • Parking Garage: Tandem, Uncovered
  • Total Parking: 2

Utilities

  • Heating: Floor Furnace, Wall Gas
  • Water Expense: 1500.00

Condo/Co-op/Association

  • Professional Management: 4200.00

Fee Information

  • Gas Expense: 1800.00
  • Insurance Expense: 4500.00
  • Maintenance Expense: 1800.00
  • Other Expense: 1150.00
  • Trash Expense: 1320.00

Lot Info

  • Assessor Parcel Number: 4292-023-020
  • Geocode Override: No
  • Lot Size Area: 5001

Rental Info

  • Owner Pays: Gardener, Gas, Water
  • Tenant Pays: Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 26.49
  • Number Of Units: 4
  • Rent Control: 100
  • Total Annual Expense: 56757
  • Type Of Units: Residential
  • Vacancy Rate: 0

Tax Info

  • Tax Expense: 38987.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 25, 2016
Sold by
Malina Caroline
Bought by
Cirka Llc
Current Estimated Value
$4,035,929

Purchase Details

Listed on
Oct 7, 2015
Closed on
Dec 7, 2015
Sold by
Germann Antonio P
Bought by
Germann Barbara Greenlee
Seller's Agent
Vanessa Pineda
Vanessa Pineda
Buyer's Agent
Ryan Marshall
Superior Real Estate
List Price
$2,999,000
Sold Price
$2,600,000
Premium/Discount to List
-$399,000
-13.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.34%
Original Mortgage
$1,820,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 7, 2015
Closed on
Dec 2, 2015
Sold by
Greenlee Karen Louise
Bought by
Greenlee Karen Louise and Neifert Deborah Jane
Seller's Agent
Vanessa Pineda
Vanessa Pineda
Buyer's Agent
Ryan Marshall
Superior Real Estate
List Price
$2,999,000
Sold Price
$2,600,000
Premium/Discount to List
-$399,000
-13.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,820,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 20, 2015
Sold by
Greenlee Karen Louise
Bought by
Malina Caroline and Novak Irene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,820,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 8, 2002
Sold by
Neifert Deborah Jane Greenlee and Germann Barbara Greenlee
Bought by
Greenlee Karen Louise
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
Cirka Llc -- None Available
Malina Caroline -- None Listed On Document
Germann Barbara Greenlee -- First American Title Company
Neifert Deborah Jane -- First American Title Company
Greenlee Karen Louise -- First American Title Company
Malina Caroline $2,600,000 Fatcola
Greenlee Karen Louise -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Neifert Deborah Jane $1,820,000
Previous Owner Greenlee Karen Louise $1,820,000
Previous Owner Malina Caroline $1,820,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/21/2016 01/21/16 Sold $2,600,000 -13.3% $541 / Sq Ft
11/16/2015 11/16/15 Pending -- -- --
10/07/2015 10/07/15 For Sale $2,999,000 -- $624 / 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 $35,992 $3,077,866 $1,894,072 $1,183,794
2024 $35,992 $3,017,517 $1,856,934 $1,160,583
2023 $35,420 $2,958,351 $1,820,524 $1,137,827
2022 $34,990 $2,900,345 $1,784,828 $1,115,517
2021 $34,053 $2,843,477 $1,749,832 $1,093,645
2019 $33,486 $2,759,140 $1,697,932 $1,061,208
2018 $31,481 $2,705,040 $1,664,640 $1,040,400
2016 $2,437 $138,920 $106,846 $32,074
2015 $2,403 $136,835 $105,242 $31,593
2014 $2,410 $134,156 $103,181 $30,975
Source: Public Records

Agents Affiliated with this Home

  • Vanessa Pineda

    Seller's Agent in 2016

    Vanessa Pineda

    Vanessa Pineda

    (310) 699-9224

    1 in this area

    6 Total Sales

    Section Image

  • R

    Buyer's Agent in 2016

    Ryan Marshall

    Superior Real Estate

    (562) 810-6722

    9 Total Sales

    Section Image
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Map

Source: The MLS

MLS Number: 15-948341

The MLS

APN: 4292-023-020

California Los Angeles County Santa Monica 90403 Wilshire Montana

216 Idaho Ave, Santa Monica, CA

This home is located at 216 Idaho Ave, Santa Monica, CA 90403 since 07 October 2015 and is currently estimated at $3,660,937, approximately $761 per square foot. This property was built in 1921. 216 Idaho Ave is a home located in Los Angeles County with nearby schools including Roosevelt Elementary School, Lincoln Middle School, and Santa Monica High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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