NOT LISTED FOR SALE

220 Rees St Playa Del Rey, CA 90293

Estimated Value: $2,955,000 - $3,960,000

4 Beds
4.5 Baths
3,861 Sq Ft
$870/Sq Ft Est. Value

Last Sold July 21, 2021

Last sale price $3,050,000 $790 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $20,721/month

72 Days on Market

Highlights

  • White Water Ocean Views
  • Attached Guest House
  • Rooftop Deck
  • Kentwood Elementary Rated A-
  • Home Theater
  • Gourmet Kitchen

About This Home

As of July 2021

Rare ocean view former 3-unit property on Playa del Rey's prime northwest bluff overlooking the Santa Monica Bay. Now used as a spacious single family, this 3-level beautifully renovated spacious home can be enjoyed as a large private home, or converted back to 3 units w/separate entrances, fully remodelled kitchen and baths, and features two full cook's kitchens (+ space for a third), three separate entrances---one for lower level studio w/bath; one for mid-level 2 bed/2.5 bath ocean view home; and one for the spectacular top level 1 bed/1 bath unit w/living rm, dining area, kitchen & huge deck w/ocean, Marina & Malibu views. Two blocks to the beach, this welcoming hilltop home features three levels of impeccable ocean view living w/multiple indoor/outdoor spaces for relaxing, working & sunset entertaining. Main house features living room w/endless views of the Pacific, hardwood floors throughout. Adjoining media/family room w/ocean view deck & sliding doors to lovely inner courtyard/lanai for large gatherings of friends & family. Gourmet kitchens on 2nd & 3rd levels w/Viking, SubZero & Gaggenau appls, 3 wine fridges. Ocean view main level master w/soaking tub & walk-in. Flexible space for multi-units (all w/ocean views) or single family, this very special home offers creative space for large families, vacation or long term rentals. Wow!

Last Agent to Sell the Property

Alice Plato

Coldwell Banker Realty License #01216340 Listed on: 02/25/2021

Coldwell Banker Realty

Last Buyer's Agent

Megan Whalen

Compass License #01374178

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $29,094

Year Built

  • Built in 1956 | Remodeled

Lot Details

  • 5,281 Sq Ft Lot
  • Lot Dimensions are 47x112
  • North Facing Home
  • Fenced Yard
  • Wrought Iron Fence
  • Wood Fence
  • Brick Fence
  • Stucco Fence
  • Landscaped
  • Corner Lot
  • Sprinklers on Timer
  • Hilltop Location
  • Back and Front Yard
  • Property is zoned LAR1

Parking

  • 2 Car Direct Access Garage
  • Side by Side Parking
  • Garage Door Opener
  • Driveway

Property Views

  • White Water Ocean
  • Marina
  • Coastline
  • Bay
  • Catalina
  • City Lights
  • Canal
  • Hills

Home Design

  • Contemporary Architecture
  • Turnkey
  • Raised Foundation
  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 3,861 Sq Ft Home
  • 1-Story Property
  • Wired For Sound
  • Built-In Features
  • Recessed Lighting
  • Wood Burning Fireplace
  • Fireplace With Gas Starter
  • Double Pane Windows
  • Awning
  • Sliding Doors
  • Separate Family Room
  • Living Room with Fireplace
  • 2 Fireplaces
  • Formal Dining Room
  • Home Theater
  • Den with Fireplace
  • Library
  • Firewall

Kitchen

  • Gourmet Kitchen
  • Double Oven
  • Electric Oven
  • Gas Cooktop
  • Range Hood
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Stone
  • Tile
  • Travertine

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Remodeled Bathroom
  • Powder Room
  • Maid or Guest Quarters
  • In-Law or Guest Suite
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Rooftop Deck
  • Covered Patio or Porch
  • Rain Gutters

Additional Homes

  • Attached Guest House

Utilities

  • Forced Air Heating System
  • Tankless Water Heater
  • Gas Water Heater
  • Sewer in Street
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4116-016-005

Home Details

Home Type

Single Family

Est. Annual Taxes

$29,094

Year Built

Built in 1956 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Levels: Three Or More
  • Street Number Display: Yes
  • Entry Location: Ground Level - no steps
  • Living Area: 3861
  • Lot Acreage: 0.1212
  • Lot Dimensions: 47x112
  • Planned Urban Dev: 0
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 1
  • Year Built: 1956
  • Number Of Photos: 41
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Built-Ins, Recessed Lighting, Pre-wired for surround sound, Turnkey
  • Fireplace Rooms: Den, Living Room, Gas Starter, Gas and Wood, Wood Burning
  • Flooring: Hardwood, Mixed, Tile, Stone Tile, Wood, Travertine
  • Appliances: Built-Ins, Cooktop - Gas, Oven, Range Hood, Electric, Double Oven, Oven-Electric, Built-In Electric, Built-In Gas, Gas
  • Bedrooms: 4
  • Fireplaces: 2
  • Full Bathroom: 2
  • Half Bathroom: 1
  • Bedroom Features: WalkInCloset, Master Bedroom, Main Floor Master Bedroom, Main Floor Bedroom
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Shower and Tub, Powder Room, Travertine, Remodeled, Shower Stall
  • Three Quarter Bathrooms: 2
  • Dining Room: 1
  • Family Room: 1
  • Eating Areas: Formal Dining Rm, Dining Area
  • Kitchen Features: Granite Counters, Remodeled, Gourmet Kitchen, Pantry
  • Laundry: Laundry Area, Inside, On Upper Level
  • Maids Room: 1
  • Total Bathrooms: 5.00
  • Den: 1
  • Equipment: Built-Ins, Garbage Disposal, Dishwasher, Dryer, Washer, Refrigerator, Hood Fan
  • Fireplace: Yes
  • Price Per S Q F T: 827.51
  • Windows: Double Pane Windows

Exterior Features

  • Direction Faces: North
  • Construction: Brick, Stone, Stucco, Wood Siding
  • Other Features: Balcony, Full Copper Plumbing, Energy Efficient, Sprinkler System, Sliding Glass Doors, Rain Gutters
  • Other Structures: None
  • Tennis Court Y/N: No
  • Foundation Details: Raised, Slab
  • Fence: Brick, Wood, Stucco Wall, Wrought Iron
  • Guest House: Attached
  • Patio: Porch - Front, Porch - Rear, Roof Top Deck, Porch, Covered Porch, Deck(s), Awning
  • Pool: No
  • Roof: Composition, Shingle
  • Spa Yn: No
  • View: Canal, City, City Lights, Coastline, White Water, Marina, Hills, Bay, Catalina, Water
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Direct Entrance, Garage - 2 Car, Garage Is Attached, Private Garage, Side By Side, Driveway - Concrete, Driveway, Door Opener
  • Total Parking: 2

Utilities

  • TV Svcs: Cable TV
  • Water Heater: Tankless, Gas
  • Heating: Central, Forced Air
  • Sewer: In Street
  • Water: Public

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Special Zoning: Coastal Commission, Property Report
  • Sprinklers: Sprinkler System, Sprinkler Timer
  • Assessor Parcel Number: 4116-016-005
  • Lot Description: Fenced Yard, Fenced, Firewall(s), Landscaped, Yard, Front Yard, Back Yard
  • Lot Location: Corner Lot, Hilltop
  • Lot Size Area: 5281

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2021
Closed on
Jul 12, 2021
Sold by
Torrell Gary F and Torrell Kathleen M
Bought by
Pekala Robert Lance and Riseborough Jill
Seller's Agent
Alice Plato
Coldwell Banker Realty
Buyer's Agent
Megan Whalen
Compass
List Price
$3,295,000
Sold Price
$3,050,000
Premium/Discount to List
-$245,000
-7.44%
Current Estimated Value
$3,357,933

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$307,933
Avg. Annual Appreciation
1.74%
Original Mortgage
$1,200,000
Outstanding Balance
$1,084,783
Interest Rate
2.37%
Mortgage Type
New Conventional
Estimated Equity
$2,188,746

Purchase Details

Closed on
Mar 7, 2001
Sold by
Harris William E and Harris Rose
Bought by
Torrell Gary F and Torrell Kathleen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$505,000
Interest Rate
7.19%

Purchase Details

Closed on
Apr 24, 2000
Sold by
Harris William E and Harris Rose
Bought by
Harris William E and Harris Rose
Source: Public Records

Range of Values:

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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
Pekala Robert Lance $3,050,000 Fidelity National Title Co
Torrell Gary F $975,000 Fidelity National Title
Harris William E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pekala Robert Lance $1,200,000
Previous Owner Torrell Gary F $232,000
Previous Owner Torrell Gary F $505,000
Closed Torrell Gary F $275,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2021 07/21/21 Sold $3,050,000 -4.5% $790 / Sq Ft
05/08/2021 05/08/21 Pending -- -- --
04/16/2021 04/16/21 Price Changed $3,195,000 -3.0% $828 / Sq Ft
02/25/2021 02/25/21 For Sale $3,295,000 -- $853 / 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 $29,094 $2,441,461 $1,830,831 $610,630
2024 $29,094 $2,393,590 $1,794,933 $598,657
2023 $28,528 $2,346,658 $1,759,739 $586,919
2022 $27,278 $1,426,338 $900,234 $526,104
2021 $16,785 $1,398,372 $882,583 $515,789
2020 $16,956 $1,384,035 $873,534 $510,501
2019 $16,281 $1,356,898 $856,406 $500,492
2018 $16,164 $1,330,293 $839,614 $490,679
2016 $15,083 $1,248,637 $807,011 $441,626
2015 $14,861 $1,229,882 $794,889 $434,993
2014 $14,906 $1,205,792 $779,319 $426,473
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-695744

The MLS

APN: 4116-016-005