NOT LISTED FOR SALE

Estimated Value: $4,760,000 - $5,120,000

4 Beds
4 Baths
2,256 Sq Ft
$2,193/Sq Ft Est. Value

Last Sold December 06, 2022

Last sale price $4,165,000 $1,846 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $29,864/month

19 Days on Market

Highlights

  • Corner Lot
  • Opal Robinson Elementary School Rated A
  • Laundry Room

About This Home

As of December 2022

A+ location in the coveted, very desirable, highly sought after South Sand Section in the Heart of Downtown Manhattan Beach. Whether you're walking one minute to fine dining or down to the water for a beach day, watching the dolphins, or checking out the waves from the comfort of your home, this stunning property has it All!!! With potential Unblockable Gorgeous Panoramic Ocean View from PV to Malibu, it's like living on the Strand for a fraction of the price. This property is sold for lot value. Build SFR home or two townhomes. Check with city to verify what can be built. Property in front is limited to 2 stories while this pristine location could have Three. Don't Miss This Rare Opportunity!!!!!

Last Agent to Sell the Property

Darryl Rosen

Vista Sotheby’s International Realty License #01429792 Listed on: 04/20/2018

Vista Sotheby’s International Realty

Last Buyer's Agent

Yasmina Khulusi

Estate Properties License #02052156

Estate Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1938

Lot Details

  • 2,709 Sq Ft Lot
  • No Common Walls
  • Corner Lot

Parking

  • 2 Car Garage

Home Design

  • 2,256 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Upper Level Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tax Lot 15
  • Tax Tract Number 6209
  • Assessor Parcel Number 4179017015

Community Details

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $500
  • New Taxes Expense $62,500
  • Operating Expense $63,000
  • Gross Income $78,000
  • Net Operating Income $45,000

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1938

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Zoning: MNRH
  • Property Type: Residential Income
  • Parcel Number: 4179017015
  • Year Built: 1938
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Price Per Square Foot: 1846.19
  • Room Type: All Bedrooms Up

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 2709.00
  • Lot Size Acres: 0.0622

Multi Family

  • Gross Income: 78000.00
  • Gross Scheduled Income: 78000.00
  • Insurance Expense: 500.00
  • Lot Size Area: 2709.0000 Square Feet
  • Net Operating Income: 45000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 33000.00
  • Rent Control: No
  • Total Expenses: 63000.00

Tax Info

  • New Taxes Expense: 62500.00
  • Tax Census Tract: 6209.04
  • Tax Lot: 15
  • Tax Tract Number: 6209

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2018
Closed on
Nov 8, 2022
Sold by
Katz Leon and Katz Sharon
Bought by
Enh Investments Llc
Seller's Agent
Darryl Rosen
Vista Sotheby’s International Realty
Buyer's Agent
Yasmina Khulusi
Estate Properties
List Price
$5,000,000
Sold Price
$4,165,000
Premium/Discount to List
-$835,000
-16.7%
Current Estimated Value
$4,948,445

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$783,445
Avg. Annual Appreciation
5.76%

Purchase Details

Closed on
Apr 25, 2007
Sold by
Emmelivya P Mcnamara Trust
Bought by
Katz Leon and Katz Sharon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Enh Investments Llc $4,165,000 Usa National Title
Katz Leon $2,500,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Katz Leon $1,500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/06/2022 12/06/22 Sold $4,165,000 -7.4% $1,846 / Sq Ft
05/09/2018 05/09/18 Pending -- -- --
05/05/2018 05/05/18 Price Changed $4,500,000 -10.0% $1,995 / Sq Ft
04/20/2018 04/20/18 For Sale $5,000,000 -- $2,216 / 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 $48,173 $4,333,266 $4,281,246 $52,020
2024 $48,173 $4,248,300 $4,197,300 $51,000
2023 $46,939 $4,165,000 $4,115,000 $50,000
2022 $35,786 $3,156,274 $3,093,158 $63,116
2021 $35,148 $3,094,387 $3,032,508 $61,879
2019 $34,199 $3,002,608 $2,942,563 $60,045
2018 $33,532 $2,943,734 $2,884,866 $58,868
2016 $31,299 $2,829,427 $2,772,844 $56,583
2015 $30,647 $2,786,928 $2,731,194 $55,734
2014 $30,211 $2,732,337 $2,677,694 $54,643
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18092629

California Regional Multiple Listing Service (CRMLS)

APN: 4179-017-015