NOT LISTED FOR SALE

221 El Porto St Manhattan Beach, CA 90266

Estimated Value: $2,474,000 - $2,869,000

3 Beds
2 Baths
1,603 Sq Ft
$1,663/Sq Ft Est. Value

Last Sold June 23, 2015

Last sale price $1,600,000 $998 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $16,357/month

104 Days on Market

Highlights

  • Ocean Side of Highway 1
  • Wood Flooring
  • Double Pane Windows
  • Grand View Elementary School Rated A
  • No HOA
  • Ceiling Fan

About This Home

As of June 2015

The exciting El Porto neighborhood, in North Manhattan Beach, features a mix of single and multi-family properties, along with award-winning restaurants, quaint cafes, hip coffee shops, serene yoga studios and fun-filled sports bars. Here in this reinvigorated neighborhood is located a duplex in the middle of this growth community. This property is ideal for an owner/user wishing to off-set the mortgage with additional rental income. Or build your dream home in north MB hot new enclave. The upper 2 bedroom unit has an ocean view from the kitchen. It also features a large dining area and living room with 2 generous bedrooms. The lower unit has been updated making it an ideal bread and butter property.
Both units feature a lovely fireplace providing warmth and a lovely focal point. Parking for 3 on site: lower unit is assigned the covered carport space while upper unit uses the attached 2 car garage!

Last Agent to Sell the Property

David Caskey

eXp Realty of California Inc License #01198999 Listed on: 05/19/2015

eXp Realty of California Inc

Last Buyer's Agent

Matt Pernice

eXp Realty of California Inc License #01879552

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,334

Year Built

  • Built in 1968 | Remodeled

Lot Details

  • 1,499 Sq Ft Lot
  • 1 Common Wall

Parking

  • 2 Car Garage

Home Design

  • Property Attached
  • Fixer Upper

Interior Spaces

  • 1,603 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Blinds
  • Living Room with Fireplace

Kitchen

  • Gas Range
  • Microwave

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Mirrored Closets Doors
  • 2 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Ocean Side of Highway 1
  • Exterior Lighting

Additional Features

  • Urban Location
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 4
  • Tax Tract Number 4103
  • Assessor Parcel Number 4137010012

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $324
  • Insurance Expense $700
  • Maintenance Expense $300
  • Trash Expense $390
  • Water Sewer Expense $390
  • New Taxes Expense $18,975
  • Gross Income $2,700
  • Net Operating Income $33,497

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,334

Year Built

Built in 1968 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 390.00
  • Property Condition: Fixer, Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 4137010012
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Carpet, Tile, Wood
  • Appliances: Yes
  • Door Features: Mirror Closet Door(s)
  • Fireplace Features: Living Room
  • Levels: Two
  • Window Features: Blinds, Double Pane Windows

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Appliances: Gas Range, Microwave
  • Heating Type: Wall Furnace
  • Trash Expense: 390.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Street Lights, Urban

Lot Info

  • Lot Size Sq Ft: 1499.00
  • Price Per Lot Square Foot: 1067.38
  • Lot Size Acres: 0.0340

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 324.00
  • Gross Income: 2700.00
  • Gross Scheduled Income: 54900.00
  • Insurance Expense: 700.00
  • Lot Size Area: 1499.0000 Square Feet
  • Maintenance Expense: 300.00
  • Net Operating Income: 33497.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Range: 2
  • Operating Expense: 21403.00
  • Rent Control: No
  • Waterfront Features: Ocean Side Of Highway 1

Tax Info

  • New Taxes Expense: 18975.00
  • Tax Lot: 4
  • Tax Tract Number: 4103
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 29, 2016
Sold by
Rusyniak Kathryn
Bought by
Rsyniak Kathryn P and Kathryn P Rusyniak Separate Property Tru
Current Estimated Value
$2,665,674

Purchase Details

Closed on
Apr 10, 2015
Sold by
Fay Kevin Eugene Aloysius
Bought by
Rusyniak Kathryn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
5.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 22, 2009
Sold by
Fay Marnie T
Bought by
Fay Kevin Eugene Aloysius

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$698,750
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 10, 2005
Sold by
Fay Kevin E
Bought by
Fay Kevin Eugene Aloysrus and Fay Marnie T

Purchase Details

Closed on
Jun 20, 2003
Sold by
Fay Keven E
Bought by
Fay Kevin Eugene Aloysius

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$504,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 3, 2002
Sold by
Fay Kevin E
Bought by
Fay Kevin E and Fay Marnie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
7.13%

Purchase Details

Closed on
Apr 30, 1997
Sold by
Bennington Lourdes
Bought by
Bennington Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,725
Interest Rate
4.95%

Purchase Details

Closed on
Apr 18, 1997
Sold by
Bennington Joseph
Bought by
Fay Kevin E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,725
Interest Rate
4.95%

Purchase Details

Closed on
Aug 24, 1993
Sold by
Martin William R
Bought by
Bennington Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,000
Interest Rate
6.98%
Source: Public Records

Range of Values:

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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
Rsyniak Kathryn P -- Accommodation
Rusyniak Kathryn $1,600,000 Lawyers Title Company
Fay Kevin Eugene Aloysius -- Chicago Title Company
Fay Kevin Eugene Aloysius -- Chicago Title Company
Fay Kevin Eugene Aloysrus -- --
Fay Kevin Eugene Aloysius -- Southland Title Corporation
Fay Kevin E -- Chicago Title Co
Bennington Joseph -- Title Land Company
Fay Kevin E $395,500 Title Land Company
Bennington Joseph $297,454 Gateway Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rusyniak Kathryn $1,140,000
Previous Owner Rusyniak Kathryn $1,200,000
Previous Owner Fay Kevin Eugene Aloysius $659,000
Previous Owner Fay Kevin Eugene Aloysius $698,750
Previous Owner Fay Kevin Eugene Aloysius $504,000
Previous Owner Fay Kevin E $500,000
Previous Owner Fay Kevin E $355,000
Previous Owner Fay Kevin E $355,725
Previous Owner Bennington Joseph $238,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2015 06/23/15 Sold $1,600,000 +0.1% $998 / Sq Ft
05/20/2015 05/20/15 Pending -- -- --
02/05/2015 02/05/15 For Sale $1,599,000 -- $998 / 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 $23,334 $1,922,952 $1,562,401 $360,551
2024 $23,334 $1,885,248 $1,531,766 $353,482
2023 $22,766 $1,848,283 $1,501,732 $346,551
2022 $22,399 $1,812,043 $1,472,287 $339,756
2021 $22,085 $1,776,514 $1,443,419 $333,095
2019 $19,846 $1,723,823 $1,400,607 $323,216
2018 $19,383 $1,690,024 $1,373,145 $316,879
2016 $18,000 $1,624,400 $1,319,825 $304,575
2015 $6,126 $535,617 $338,787 $196,830
2014 $6,053 $525,126 $332,151 $192,975
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB15025127

California Regional Multiple Listing Service (CRMLS)

APN: 4137-010-012