NOT LISTED FOR SALE

216 Marine Place Manhattan Beach, CA 90266

Estimated Value: $2,218,242 - $4,366,000

5 Beds
4 Baths
2,080 Sq Ft
$1,611/Sq Ft Est. Value

Last Sold March 01, 2017

Last sale price $3,325,000 $1,599 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $18,098/month

6 Days on Market

Highlights

  • 3 Car Garage
  • Grand View Elementary School Rated A
  • 5-minute walk to Bruce's Beach

About This Home

As of March 2017

Location, location, location! Income fixer/tear down. West of Highland, this full sized, sand section lot can accommodate your dream home (max. square footage 4300+, buyer to verify) two brand new units, or fix up the existing four unit apartment building and maximize your rents while you decide which direction to take! Located just up the street from the famous Marine Street beach, this building features three one bedroom/ one bath units, and a two bedroom /one bath unit upstairs, in addition a room and another bathroom off a private deck. The upstairs unit was recently redone with new paint, carpet, fixtures and lighting and is ready to rent! Two of the three units downstairs have been redone as well. Put some TLC into the building, or tear it down to create a new home for yourself, or property to put to market! Property sold AS IS. Please do not disturb tenants. 2 units currently have tenants that are month to month, with a 60 day notice required.

Last Agent to Sell the Property

Courtney Lingle

The Agency License #01953447 Listed on: 02/11/2017

The Agency

Last Buyer's Agent

Rachel Ezra

Vista Sotheby’s International Realty License #01396863

Vista Sotheby’s International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,012

Year Built

  • Built in 1927

Lot Details

  • 2,710 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage
  • Parking Available

Home Design

  • 2,080 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Utilities

  • Underground Utilities

Community Details

  • 4 Units
  • 2 Leased Units

Listing and Financial Details

  • Legal Lot and Block 5 / 8
  • Tax Tract Number 6174
  • Assessor Parcel Number 4178013032

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,012

Year Built

Built in 1927

Lot Details

0

Parking

3

Listing Details

  • Other Phone Description: 13102457321
  • Other Phone Number: 13102457321
  • Property Attached: Yes
  • Zoning: MNRM
  • Property Type: Residential Income
  • Parcel Number: 4178013032
  • Year Built: 1927
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 1598.56

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected, Underground Utilities
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 2710.00

Multi Family

  • Number Of Units Leased: 2
  • Number Of Units Total: 4
  • Rent Control: No

Tax Info

  • Tax Block: 8
  • Tax Census Tract: 6203.05
  • Tax Lot: 5
  • Tax Tract Number: 6174

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 13, 1999
Sold by
Chen Sylvia S
Bought by
Gorman Daniel C
Current Estimated Value
$3,350,561

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,000
Interest Rate
7.82%
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
Gorman Daniel C -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Gorman Daniel C $415,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/01/2017 03/01/17 Sold $3,325,000 -4.9% $1,599 / Sq Ft
02/17/2017 02/17/17 Pending -- -- --
02/11/2017 02/11/17 For Sale $3,495,000 -- $1,680 / 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 $4,012 $352,146 $298,809 $53,337
2024 $4,012 $345,242 $292,950 $52,292
2023 $3,909 $338,473 $287,206 $51,267
2022 $3,842 $331,837 $281,575 $50,262
2021 $3,802 $325,331 $276,054 $49,277
2019 $3,699 $315,683 $267,867 $47,816
2018 $3,844 $309,494 $262,615 $46,879
2016 $3,443 $297,477 $252,418 $45,059
2015 $3,373 $293,010 $248,627 $44,383
2014 $3,334 $287,271 $243,757 $43,514
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17028955

California Regional Multiple Listing Service (CRMLS)

APN: 4177-019-022