Seller's Agent in 2019
David Caskey
eXp Realty of California Inc
(310) 200-1960
102 in this area
322 Total Sales
2200 The Strand Manhattan Beach, CA 90266
Estimated Value: $4,853,000 - $10,254,317
8
Beds
6
Baths
4,799
Sq Ft
$1,587/Sq Ft
Est. Value
Highlights
- Ocean View
- Corner Lot
- Living Room
- Grand View Elementary School Rated A
- No HOA
- 5-minute walk to Bruce's Beach
About This Home
As of December 2019Ideally situated on the north corner of Marine Avenue and the Strand and fronting one of the best beaches in town, 2200 The Strand presents a once-in-a-lifetime opportunity. Currently a multi-residence property, this building encompasses four separate units and features an oversize deck overlooking the beach and displaying an unobstructed 180-degree view of the Pacific, from Palos Verdes to Malibu. The four units currently housed in the building offer rental property opportunities and feature two three-bedroom, two-bath units and two one-bedroom, one-bath units. The three-bedroom units both feature ocean views, kitchens with updated appliances and original details, and light and bright living rooms for easy seaside living. The one-bedroom units share the vast deck with incredible, panoramic ocean views and space for entertaining or lounging in the gorgeous Southern California sunshine. Large bedrooms, hardwood floors and updated appliances offer coastal charm and modern conveniences. Parking for seven ensures all residence parking needs are met. Located within walking distance of award-winning Grandview Elementary in the Gaslamp neighborhood, this property is also convenient for families. Both downtown Manhattan Beach and the shops and restaurants of North Manhattan are equidistant from this site. Wake up to crashing surf and take in breathtaking views and the sound of seagulls overhead from this perfectly positioned, multi-unit building in the heart of Manhattan Beach.
Last Agent to Sell the Property
eXp Realty of California Inc License #01198999 Listed on: 05/30/2019
Last Buyer's Agent
eXp Realty of California Inc License #01198999 Listed on: 05/30/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $91,574
Year Built
- Built in 1958
Lot Details
- 3,491 Sq Ft Lot
- 1 Common Wall
- Corner Lot
Parking
- 4 Car Garage
Property Views
- Ocean
- Coastline
- Catalina
Home Design
- Quadruplex
Interior Spaces
- 4,799 Sq Ft Home
- Living Room
- Laundry Room
Bedrooms and Bathrooms
- 8 Bedrooms
- 6 Bathrooms
Listing and Financial Details
- Assessor Parcel Number 4177028013
Community Details
Overview
- No Home Owners Association
- 4 Units
Amenities
- Laundry Facilities
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $720
- Insurance Expense $2,262
- Maintenance Expense $6,261
- Professional Management Expense $8,400
- Trash Expense $1,000
- Water Sewer Expense $1,568
- Operating Expense $20,306
- Gross Income $204,000
- Net Operating Income $165,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 3, 2019
Sold by
Thomasset William R and Minesci Julia Thomasset
Bought by
Saba Investments Llc and Parn Mb Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,789,000
Interest Rate
3.7%
Mortgage Type
Construction
Purchase Details
Closed on
May 16, 2019
Sold by
Augustine Michael R and Mary Y Thomasset Trust
Bought by
Thomasset William R and Thomasset Katherine A
Purchase Details
Closed on
Feb 5, 2014
Sold by
Thomasset Mary Y
Bought by
Thomasset Mary Y and Mary Y Thomasset Trust
Purchase Details
Closed on
Jan 26, 2005
Sold by
Thomasset Mary Y and Marys Trust
Bought by
Thomasset Mary Y and Marys Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
7.59%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Saba Investments Llc | $7,550,000 | Usa National Title | |
| Thomasset William R | -- | Usa National Title Co | |
| Thomasset Mary Y | -- | None Available | |
| Thomasset Mary Y | -- | Chicago Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Saba Investments Llc | $5,789,000 | |
| Previous Owner | Thomasset Mary Y | $800,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/16/2019 12/16/19 | Sold | $7,550,000 | -11.2% | $1,573 / Sq Ft |
| 08/06/2019 08/06/19 | Pending | -- | -- | -- |
| 08/05/2019 08/05/19 | Price Changed | $8,500,000 | -5.5% | $1,771 / Sq Ft |
| 07/25/2019 07/25/19 | Price Changed | $8,995,000 | -10.1% | $1,874 / Sq Ft |
| 05/30/2019 05/30/19 | For Sale | $10,000,000 | -- | $2,084 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $91,574 | $8,257,023 | $7,983,615 | $273,408 |
| 2024 | $91,574 | $8,095,122 | $7,827,074 | $268,048 |
| 2023 | $89,569 | $7,936,395 | $7,673,602 | $262,793 |
| 2022 | $88,430 | $7,780,781 | $7,523,140 | $257,641 |
| 2021 | $86,772 | $7,628,218 | $7,375,628 | $252,590 |
| 2019 | $91,152 | $8,001,460 | $7,900,000 | $101,460 |
| 2018 | $6,662 | $439,057 | $280,104 | $158,953 |
| 2016 | $6,151 | $420,606 | $269,228 | $151,378 |
| 2015 | $6,074 | $414,289 | $265,184 | $149,105 |
| 2014 | $5,995 | $406,175 | $259,990 | $146,185 |
Source: Public Records
Agents Affiliated with this Home
-
David Caskey
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB19167109
APN: 4177-028-013
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