Seller's Agent in 2023
Adam Zunder
Iconic Investments
(818) 554-5560
1 in this area
41 Total Sales
2214 Montana Ave Santa Monica, CA 90403
Northeast NeighborhoodEstimated Value: $2,462,000 - $3,657,128
5
Beds
5
Baths
3,196
Sq Ft
$887/Sq Ft
Est. Value
Highlights
- Rooftop Deck
- Corner Lot
- Balcony
- Franklin Elementary School Rated A+
- Granite Countertops
- Open Patio
About This Home
As of September 2023Very rare opportunity to own an income property in the unrivaled Montana Avenue location. First time on the market in over 40 years. Just blocks away from world-class shops, restaurants & schools on Montana Avenue and minutes to Brentwood Country Mart, the Riviera and Brentwood Country Clubs and of course, the famous Santa Monica Beach. This true value-add opportunity consists of two separate structures on a corner lot. The front building, 2214 Montana Avenue is a two story duplex (Units A & B) with two spacious one bedroom one bath units, the upstairs unit will be delivered vacant and the downstairs unit is tenant occupied. Built in 2000, the rear building is a huge three bedroom-three bath townhome with two balconies and a roof top deck with an outstanding view possibly of Santa Monica Bay. The property is the perfect for either an owner-user or investor looking for an A+ Santa Monica location.Santa Monica is a beachfront city with an enviable climate and location. Santa Monica is conveniently located right in between the eclectic Venice Beach and the glamourous white sand beaches of Malibu, drawing millions of visitors every year. With Santa Monica's laidback vibe and plentiful amenities, it's easy to see why prospective tenants are looking for apartments and condos in the area. Of course, the Santa Monica State Beach is the heart of the city, anchoring major attractions and local hotspots
Last Agent to Sell the Property
Iconic Investments License #01821053 Listed on: 03/31/2023
Last Buyer's Agent
Arash Ardalan
Ardalan Realty License #01802329
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $26,812
Year Built
- Built in 2000
Lot Details
- 4,001 Sq Ft Lot
- Fenced
- Corner Lot
Parking
- 3 Open Parking Spaces
- 1 Car Garage
- Driveway
Home Design
- Split Level Home
- Flat Roof Shape
- Shingle Roof
- Composition Roof
Interior Spaces
- 3,196 Sq Ft Home
- 2-Story Property
- Alarm System
Kitchen
- Microwave
- Dishwasher
- Granite Countertops
- Disposal
Bedrooms and Bathrooms
- 5 Bedrooms
- All Upper Level Bedrooms
- 5 Bathrooms
Laundry
- Dryer
- Washer
Outdoor Features
- Balcony
- Rooftop Deck
- Open Patio
Utilities
- Central Heating and Cooling System
- Cooling System Mounted In Outer Wall Opening
- Heating System Mounted To A Wall or Window
- Property is located within a water district
- Tankless Water Heater
- Sewer in Street
Listing and Financial Details
- Tenant pays for electricity, gas
- The owner pays for water
- Assessor Parcel Number 4277-003-012
Community Details
Overview
- 2 Buildings
- 3 Units
Building Details
- Rent Control
- Vacancy Allowance $36,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 20, 2023
Sold by
2214 Montana Llc
Bought by
Sheikhpour Sheida
Current Estimated Value
Purchase Details
Listed on
Mar 31, 2023
Closed on
Sep 11, 2023
Sold by
Survivors Trust and San Pasqual Fiduciary Trust Company
Bought by
2214 Montana Llc
Seller's Agent
Adam Zunder
Iconic Investments
Buyer's Agent
Arash Ardalan
Ardalan Realty
List Price
$2,395,000
Sold Price
$2,250,000
Premium/Discount to List
-$145,000
-6.05%
Views
167
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.45%
Original Mortgage
$1,600,000
Interest Rate
6.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 31, 2018
Sold by
Cowell Rosellen A and Union Bank N A
Bought by
Cowell Rosellen A and Mufg Union Bank N A
Purchase Details
Closed on
Nov 16, 2001
Sold by
Cowell Eric and Cowell Markell
Bought by
Cowell Earl W and Cowell Rosellen A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
6.87%
Mortgage Type
Unknown
Purchase Details
Closed on
Nov 14, 1994
Sold by
Cowell Eric and Cowell Markell
Bought by
Cowell Eric and Cowell Markell
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,600
Interest Rate
8.54%
Purchase Details
Closed on
Oct 7, 1994
Sold by
Lewbel Michael S and Lewbel Fran Berman
Bought by
Cowell Eric and Cowell Markell
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,600
Interest Rate
8.54%
Purchase Details
Closed on
Mar 2, 1994
Sold by
Lewbel Michael S and Berman Fran
Bought by
Lewbel Michael S and Lewbel Fran Berman
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
7.15%
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 |
|---|---|---|---|
| Sheikhpour Sheida | -- | None Listed On Document | |
| 2214 Montana Llc | $2,250,000 | Fidelity National Title | |
| 2214 Montana Llc | $2,250,000 | Fidelity National Builders Ser | |
| Cowell Rosellen A | -- | None Available | |
| Cowell Earl W | $160,000 | Lawyers Title | |
| Cowell Eric | -- | -- | |
| Cowell Eric | -- | Pacific Title | |
| Lewbel Michael S | -- | Investors Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | 2214 Montana Llc | $1,600,000 | |
| Previous Owner | Cowell Earl W | $450,000 | |
| Previous Owner | Cowell Eric | $0 | |
| Previous Owner | Cowell Eric S | $28,242 | |
| Previous Owner | Cowell Eric | $261,600 | |
| Previous Owner | Lewbel Michael S | $296,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/18/2023 09/18/23 | Sold | $2,250,000 | -6.1% | $704 / Sq Ft |
| 08/30/2023 08/30/23 | Pending | -- | -- | -- |
| 08/07/2023 08/07/23 | For Sale | $2,395,000 | 0.0% | $749 / Sq Ft |
| 08/04/2023 08/04/23 | Pending | -- | -- | -- |
| 06/21/2023 06/21/23 | Price Changed | $2,395,000 | -14.3% | $749 / Sq Ft |
| 03/31/2023 03/31/23 | For Sale | $2,795,000 | -- | $875 / Sq Ft |
Source: The MLS
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 | $26,812 | $2,295,000 | $1,836,000 | $459,000 |
| 2024 | $26,812 | $2,250,000 | $1,800,000 | $450,000 |
| 2023 | $17,771 | $1,461,136 | $1,156,295 | $304,841 |
| 2022 | $17,547 | $1,432,487 | $1,133,623 | $298,864 |
| 2021 | $17,103 | $1,404,400 | $1,111,396 | $293,004 |
| 2020 | $9,263 | $728,023 | $448,205 | $279,818 |
| 2019 | $9,165 | $713,749 | $439,417 | $274,332 |
| 2018 | $8,614 | $699,754 | $430,801 | $268,953 |
| 2016 | $8,270 | $672,583 | $414,073 | $258,510 |
| 2015 | $8,162 | $662,481 | $407,854 | $254,627 |
| 2014 | $8,060 | $649,505 | $399,865 | $249,640 |
Source: Public Records
Agents Affiliated with this Home
-
Adam Zunder
-
Mark Konopaske
Seller Co-Listing Agent in 2023
Mark Konopaske
Mark Konopaske
(213) 220-9800
1 in this area
10 Total Sales
-
A
Buyer's Agent in 2023
Arash Ardalan
Ardalan Realty
Map
Source: The MLS
MLS Number: 23-256121
APN: 4277-003-012
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