NOT LISTED FOR SALE

Estimated Value: $8,132,000 - $9,750,000

5 Beds
4.5 Baths
4,641 Sq Ft
$1,864/Sq Ft Est. Value

Last Sold December 07, 2020

Last sale price $6,375,000 $1,374 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $53,040/month

89 Days on Market

Highlights

  • Views of Trees
  • 0.45 Acre Lot
  • Wood Flooring
  • Franklin Elementary School Rated A+
  • Living Room with Fireplace
  • Spanish Architecture

About This Home

As of December 2020

Stunning 1920s Spanish-style home on one of the most prestigious streets in Santa Monica is ready for a new life. The lush yard welcomes you as you approach the tiled front porch and enter into the 2-story entry with curved staircase, stained glass windows, and iron details. The expansive living room boasts vaulted ceilings with wood beams, fireplace, original wood floors, and lots of light. The main floor also includes a large formal dining room, breakfast nook with built-ins and french doors to the patio, a half bath, two bedrooms, a den/ parlor with fireplace, butlers pantry, and kitchen with a Wolf stove and cooktop. Upstairs are 3 large bedrooms with tons of character and light, hardwood floors, laundry room, and 4 full baths. Attached 3-car garage with dual driveway access from both La Mesa Drive and San Vicente, huge partially-covered tiled patio with fireplace overlooking the lush rear yard with space for a pool and guest house. In a desirable location, this home is close to

Last Agent to Sell the Property

David Solomon

Douglas Elliman of California, Inc. License #01386406 Listed on: 06/12/2020

Douglas Elliman of California, Inc.

Co-Listed By

Anna Solomon

Douglas Elliman of California, Inc. License #00850601

Last Buyer's Agent

Shah Noorvash

Coldwell Banker Realty License #00695525

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $83,278

Year Built

  • Built in 1927

Lot Details

  • 0.45 Acre Lot
  • Lot Dimensions are 99x199
  • Property is zoned SMR1*

Parking

  • 3 Car Garage
  • Driveway

Home Design

  • Spanish Architecture
  • Fixer Upper

Interior Spaces

  • 4,641 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • High Ceiling
  • French Doors
  • Formal Entry
  • Living Room with Fireplace
  • 3 Fireplaces
  • Breakfast Room
  • Dining Room
  • Den with Fireplace
  • Views of Trees
  • Laundry on upper level

Kitchen

  • Walk-In Pantry
  • Oven or Range

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4407-020-005

Home Details

Home Type

Single Family

Est. Annual Taxes

$83,278

Year Built

Built in 1927

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Spanish
  • Street Number Display: Yes
  • Living Area: 4641
  • Lot Acreage: 0.4546
  • Lot Dimensions: 99x199
  • Planned Urban Dev: 0
  • Property Condition: Fixer
  • Stories: 2
  • Year Built: 1927
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room, Patio, Den
  • Flooring: Tile, Wood
  • Bedrooms: 5
  • Fireplaces: 3
  • Full Bathroom: 4
  • Half Bathroom: 1
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 0
  • Laundry: On Upper Level
  • Total Bathrooms: 5.00
  • Den: 1
  • Equipment: Built-Ins, Refrigerator, Range/Oven
  • Fireplace: Yes
  • Price Per S Q F T: 1485.67

Exterior Features

  • Other Features: Balcony, High Ceilings (9 Feet+), French Doors
  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: Tree Top
  • View: Yes

Garage/Parking

  • Garage Spaces: 3
  • Parking Garage: Driveway, Garage - 3 Car
  • Total Parking: 3

Utilities

  • Water: Public

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4407-020-005
  • Geocode Override: No
  • Lot Size Area: 19775

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 8, 2021
Sold by
Sarshar Marjan
Bought by
Elche Heights Llc
Current Estimated Value
$8,652,581

Purchase Details

Listed on
Jun 12, 2020
Closed on
Oct 26, 2020
Sold by
Lufkin Robert and Li Zheng
Bought by
Sarshar Marjan
Seller's Agent
David Solomon
Douglas Elliman of California, Inc.
Buyer's Agent
Shah Noorvash
Coldwell Banker Realty
List Price
$6,895,000
Sold Price
$6,375,000
Premium/Discount to List
-$520,000
-7.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.67%
Original Mortgage
$4,387,500
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 20, 2018
Sold by
Lufkin Robert and Li Zheng
Bought by
Mesa Garden Llc

Purchase Details

Closed on
Mar 8, 2017
Sold by
The Peter Nelson & Christine Nelson Fami
Bought by
Lufkin Robert and Li Zheng

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 19, 2010
Sold by
Nelson Peter
Bought by
Nelson Peter and Nelson Peter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.03%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 25, 2003
Sold by
Nelson Peter and Nelson Christine B
Bought by
Nelson Peter and Nelson Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.84%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Elche Heights Llc -- None Available
Sarshar Marjan $6,375,000 Fidelity National Title
Lufkin Robert -- Fidelity National Title
Mesa Garden Llc -- None Available
Lufkin Robert $6,000,000 Chicago Title Company
Nelson Peter -- Accommodation
Nelson Peter -- Ticor Title Company
Nelson Peter -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sarshar Marjan $4,387,500
Previous Owner Lufkin Robert $2,977,000
Previous Owner Lufkin Robert $3,000,000
Previous Owner Nelson Peter $250,000
Previous Owner Nelson Peter $417,000
Previous Owner Nelson Peter $250,000
Previous Owner Nelson Peter $417,000
Previous Owner Nelson Peter $200,000
Previous Owner Nelson Peter $300,000
Previous Owner Nelson Peter $100,000
Previous Owner Nelson Peter $200,000
Previous Owner Nelson Peter $100,000
Closed Nelson Peter $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/07/2020 12/07/20 Sold $6,375,000 -7.5% $1,374 / Sq Ft
09/09/2020 09/09/20 Pending -- -- --
06/12/2020 06/12/20 For Sale $6,895,000 -- $1,486 / 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 $83,278 $7,269,273 $5,815,419 $1,453,854
2024 $83,278 $7,126,740 $5,701,392 $1,425,348
2023 $81,955 $6,987,000 $5,589,600 $1,397,400
2022 $76,941 $6,502,500 $5,202,000 $1,300,500
2021 $75,130 $6,375,000 $5,100,000 $1,275,000
2020 $75,299 $6,367,247 $5,093,798 $1,273,449
2019 $74,571 $6,242,400 $4,993,920 $1,248,480
2018 $70,126 $6,120,000 $4,896,000 $1,224,000
2016 $4,690 $383,095 $207,083 $176,012
2015 $4,631 $377,342 $203,973 $173,369
2014 $4,584 $369,951 $199,978 $169,973
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-590298

The MLS

APN: 4407-020-005