NOT LISTED FOR SALE

Estimated Value: $2,157,000 - $3,196,000

6 Beds
3.5 Baths
2,640 Sq Ft
$1,079/Sq Ft Est. Value

Last Sold May 28, 2015

Last sale price $1,675,000 $634 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $17,156/month

15 Days on Market

Highlights

  • Enclosed Patio or Porch
  • 3 Car Attached Garage
  • 1-Story Property
  • John Muir Elementary School Rated A
  • Ceiling Fan
  • 3-minute walk to Hotchkiss Park

About This Home

As of May 2015

Your entree into owning a well maintained triplex located in the prime Ocean Park community of Santa Monica, just blocks from the Beach, schools, parks, public transportation and Main Street shops and entertainment. This is a fantastic opportunity for an investor or a buyer who wants to live in one unit while collecting rental income on the two other units. The front 2 bedroom, 1.5 bathroom "possible owner" unit was recently renovated with wood laminate floors and has direct access to a one car garage. The back two units are each spacious 2 bedroom, 1 bath units with inside washer/dryer hookups. This property has a 2 car garage and adjoining 1 car garage, plus 3 parking spaces in front of the garages. There is also an attractive and spacious low maintenance rear patio area available to the residents.

Last Agent to Sell the Property

Richard Greta

Offices of Richard Greta License #01209434 Listed on: 04/03/2015

Last Buyer's Agent

Tamra Pardee

Pardee Properties License #01421451

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,752

Year Built

  • Built in 1956

Lot Details

  • 5,608

Parking

  • 3 Car Attached Garage
  • 3 Open Parking Spaces
  • Driveway
  • Assigned Parking

Home Design

  • Triplex
  • Composition Roof

Interior Spaces

  • 2,640 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Kitchen

  • Oven or Range
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3.5 Bathrooms

Laundry

  • Laundry in unit
  • Gas And Electric Dryer Hookup

Additional Features

  • Enclosed Patio or Porch
  • 5,608 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Units
  • Rent Control

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, interior maint, move in fee
  • The owner pays for gardener, water
  • Assessor Parcel Number 4289-008-003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,752

Year Built

Built in 1956

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: Your entree into owning a well maintained triplex located in the prime Ocean Park community of Santa Monica, just blocks from the Beach, schools, parks, public transportation and Main Street shops and entertainment. This is a fantastic opportunity for an investor or a buyer who wants to live in one unit while collecting rental income on the two other units. The front 2 bedroom, 1.5 bathroom "possible owner" unit was recently renovated with wood laminate floors and has direct access to one car garage. The back two units are each spacious 2 bedroom, 1 bath units with inside washer/dryer hookups. This property has a 2 car garage and adjoining 1 car garage, plus 3 parking spaces in front of the garages.There is also an attractive and spacious low maintenance rear patio area available to the residents.Contact Richard Greta at (310) 692-0319 for more information about this property, which will have an open house on Sunday, April 19, 2015 between 2:00 pm - 5:00 pm. See property website at www.2210FifthStreet.com
  • Living Area: 2640
  • Probate: No
  • Stories: 1
  • Year Built: 1956
  • Number Of Photos: 14
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Disposal: 3
  • Number Range: 2
  • Number Refrigerator: 1
  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 3.50
  • Den: 0
  • Equipment: Ceiling Fan, Garbage Disposal, Gas Or Electric Dryer Hookup, Range/Oven
  • Price Per S Q F T: 606.06

Exterior Features

  • Tennis Court Y/N: No
  • Patio: Concrete Slab, Enclosed
  • Pool: No
  • Roof: Composition
  • View: No

Garage/Parking

  • Garage Spaces: 3
  • Other Spaces: 3
  • Garage Structures: 1
  • Parking Garage: Assigned, Driveway - Concrete, Garage - 1 Car, Garage - 2 Car, Garage Is Attached
  • Total Parking: 6

Utilities

  • Cooling: Ceiling Fan
  • Heating: Wall
  • Number Electric Meters: 3
  • Number Gas Meters: 3
  • Water Expense: 2900.00
  • Water Heaters: Yes

Fee Information

  • Insurance Expense: 1245.00
  • Maintenance Expense: 600.00

Schools

  • School District: Santa Monica-Malibu Unified School District

Lot Info

  • Assessed Improvement Value: 51576
  • Assessed Land Value: 113326
  • Assessor Parcel Number: 4289-008-003
  • Geocode Override: No
  • Lot Size Area: 5608

Rental Info

  • Number Leased: 2
  • Total Actual Rent: 3720.00
  • Land Lease Type: Fee
  • Owner Pays: Gardener, Water
  • Rent Control: Yes
  • Tenant Pays: Cable TV, Electricity, Gas, Interior Maint, Move In Fee

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 19.61
  • Number Of Units: 3
  • Rent Control: 100
  • Total Annual Expense: 24290
  • Type Of Units: Triplex
  • Vacancy Rate: 33.33

Tax Info

  • Tax Expense: 18300.00

MLS Schools

  • School District: Santa Monica-Malibu Unified School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 22, 2020
Sold by
Chan Alexander C and Kim Michelle
Bought by
Chan Alexander C
Current Estimated Value
$2,848,618

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$974,500
Outstanding Balance
$869,143
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,780,005

Purchase Details

Listed on
Apr 3, 2015
Closed on
May 4, 2015
Sold by
Hernandez Family Partnership
Bought by
Chan Alexander C
Seller's Agent
Richard Greta
Offices of Richard Greta
Buyer's Agent
Tamra Pardee
Pardee Properties
List Price
$1,599,999
Sold Price
$1,675,000
Premium/Discount to List
$75,001
4.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.55%
Original Mortgage
$1,088,750
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 9, 2005
Sold by
Hernandez Georgina A
Bought by
The Hernandez Family Partnership

Purchase Details

Closed on
Apr 18, 2005
Sold by
Hernandez Sandra Lee Cohen
Bought by
Hernandez Louis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,951
Interest Rate
5.92%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 13, 2005
Sold by
Hernandez Georgina
Bought by
Hernandez Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,951
Interest Rate
5.92%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 3, 1999
Sold by
Hernandez Louis
Bought by
Hernandez Family Partnership

Purchase Details

Closed on
Apr 26, 1999
Sold by
Hernandez Anthony Tr
Bought by
Hernandez Anthony and Hernandez Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
7.1%

Purchase Details

Closed on
Mar 31, 1999
Sold by
Hernandez Anthony
Bought by
Hernandez Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
7.1%

Purchase Details

Closed on
Mar 13, 1995
Sold by
Hernandez Anthony
Bought by
Hernandez Anthony and Hernandez Smith Julie
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
Chan Alexander C -- Provident Title Company
Chan Alexander C $1,675,000 Provident Title Company
The Hernandez Family Partnership -- --
Hernandez Louis -- Orange Coast Title
Hernandez Anthony -- Orange Coast Title Company
Hernandez Anthony -- Orange Coast Title
Hernandez Family Partnership -- --
Hernandez Anthony -- American Title
Hernandez Anthony -- --
Hernandez Anthony -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chan Alexander C $974,500
Closed Chan Alexander C $1,088,750
Previous Owner Hernandez Anthony $150,951
Previous Owner Hernandez Anthony $150,951
Previous Owner Hernandez Anthony $104,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2015 05/28/15 Sold $1,675,000 +4.7% $634 / Sq Ft
04/18/2015 04/18/15 Pending -- -- --
04/03/2015 04/03/15 For Sale $1,599,999 -- $606 / 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 $23,752 $2,013,089 $1,412,169 $600,920
2024 $23,752 $1,973,618 $1,384,480 $589,138
2023 $23,371 $1,934,921 $1,357,334 $577,587
2022 $23,079 $1,896,982 $1,330,720 $566,262
2021 $22,508 $1,859,787 $1,304,628 $555,159
2019 $22,128 $1,804,627 $1,265,933 $538,694
2018 $20,751 $1,769,243 $1,241,111 $528,132
2016 $19,990 $1,700,543 $1,192,918 $507,625
2015 $2,649 $168,196 $115,590 $52,606
2014 -- $164,902 $113,326 $51,576
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 15-892021

The MLS

APN: 4289-008-003