NOT LISTED FOR SALE

2240 Delaware Ave Santa Monica, CA 90404

Pico Neighborhood

Estimated Value: $1,604,000 - $1,866,000

4 Beds
3 Baths
2,396 Sq Ft
$739/Sq Ft Est. Value

Last Sold September 30, 2021

Last sale price $1,045,000 $436 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $10,562/month

80 Days on Market

Highlights

  • Double Pane Windows
  • Edison Language Academy Rated A
  • 3 Car Garage

About This Home

As of September 2021

-Priced Reduced! -Great Owner User Opportunity -Rent Control Exempt if Owner Occupied -Attractive Residential Financing -Great Unit Mix of (Two) 1- Bedrooms & (One) 2-Bedroom -Three Garage Parking Spaces -Freshly Painted Exterior -Roughly Three Miles Away from Third Street Promenade & Santa Monica Pier -In Close Proximity to the Restaurants of Main Street Including Ashland Hill, Interstellar, The Library Alehouse & Via Veneto -Walking Distance to Virginia Ave Park, Santa Monica College & Santa Monica Business Park

Last Agent to Sell the Property

David Messiah

Lyon Stahl Investment Real Estate, Inc. License #02117893 Listed on: 07/02/2021

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Gianluca Jacoli

Shield CRE, Inc. License #01938297

Last Buyer's Agent

David Messiah

Lyon Stahl Investment Real Estate, Inc. License #02117893 Listed on: 07/02/2021

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,571

Year Built

  • Built in 1951

Lot Details

  • 5,016 Sq Ft Lot

Parking

  • 3 Car Garage

Interior Spaces

  • 2,396 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Community Details

  • 3 Units
  • Vacancy Allowance $1,476

Listing and Financial Details

  • Assessor Parcel Number 4274-023-002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,571

Year Built

Built in 1951

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 2396
  • Lot Acreage: 0.1152
  • Price Per Unit: 466667.00
  • Stories: 2
  • Year Built: 1951
  • Number Of Photos: 25
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Common Walls: Attached
  • Laundry: In Unit
  • Total Bathrooms: 3.00
  • Equipment: Dryer, Washer
  • Price Per S Q F T: 542.57
  • Windows: Double Pane Windows

Exterior Features

  • Other Structures: Other
  • Construction: Frame and Stucco
  • Paved: Yes
  • Pool: No

Garage/Parking

  • Garage Spaces: 3
  • Parking Garage: Garage
  • Total Parking: 3

Utilities

  • Number Electric Meters: 3
  • Number Gas Meters: 3

Lot Info

  • Assessed Improvement Percent: 57.23
  • Assessed Improvement Value: 40765
  • Assessed Land Percent: 42.77
  • Assessed Land Value: 30461
  • Total Assessed Value: 71226
  • Assessor Parcel Number: 4274-023-002
  • Lot Size Area: 5016

Rental Info

  • Total Actual Rent: 49200.00

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 28.46
  • Number Of Units: 3
  • Total Annual Expense: 23436
  • Type Of Units: 2 Bd, 1 Bd
  • Vacancy Allow: 1476
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 0

Tax Info

  • Tax Percent: 1.25
  • Tax Total: 16250.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2021
Closed on
Oct 14, 2021
Sold by
T & R Delaware Llc
Bought by
Sater Elie Abed El
Seller's Agent
David Messiah
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
David Messiah
Lyon Stahl Investment Real Estate, Inc.
List Price
$1,550,000
Sold Price
$1,045,000
Premium/Discount to List
-$505,000
-32.58%
Current Estimated Value
$1,770,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$725,000
Avg. Annual Appreciation
14.23%
Original Mortgage
$783,750
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 2, 2021
Closed on
Sep 24, 2021
Sold by
Larez Nicolas and The Magdalena Houston Trust
Bought by
T & R Delaware Llc
Seller's Agent
David Messiah
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
David Messiah
Lyon Stahl Investment Real Estate, Inc.
List Price
$1,550,000
Sold Price
$1,045,000
Premium/Discount to List
-$505,000
-32.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$783,750
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 10, 2020
Sold by
Houston Magdalena
Bought by
Larez Nicolas
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
Sater Elie Abed El -- North American Title Company
T & R Delaware Llc $1,045,000 North American Title Company
Larez Nicolas -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open El Sater Elie Abed $322,741
Open El Sater Elie Abed $880,000
Closed T & R Delaware Llc $783,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2021 09/30/21 Sold $1,045,000 -19.6% $436 / Sq Ft
09/20/2021 09/20/21 Pending -- -- --
08/16/2021 08/16/21 Price Changed $1,300,000 -7.1% $543 / Sq Ft
07/22/2021 07/22/21 Price Changed $1,400,000 -9.7% $584 / Sq Ft
07/02/2021 07/02/21 For Sale $1,550,000 -- $647 / 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 $13,571 $1,108,961 $742,845 $366,116
2024 $13,571 $1,087,218 $728,280 $358,938
2023 $13,354 $1,065,900 $714,000 $351,900
2022 $13,179 $1,045,000 $700,000 $345,000
2021 $1,684 $71,963 $30,776 $41,187
2020 $1,234 $71,826 $30,461 $41,365
2019 $1,221 $70,430 $29,864 $40,566
2018 $1,072 $69,062 $29,279 $39,783
2016 $1,002 $65,805 $28,143 $37,662
2015 $989 $64,818 $27,721 $37,097
2014 $1,002 $63,549 $27,178 $36,371
Source: Public Records

Agents Affiliated with this Home

  • David Messiah

    Seller's Agent in 2021

    David Messiah

    Lyon Stahl Investment Real Estate, Inc.

    (310) 593-9869

    1 in this area

    16 Total Sales

    David Messiah
    Section Image
  • Gianluca Jacoli

    Seller Co-Listing Agent in 2021

    Gianluca Jacoli

    Shield CRE, Inc.

    (510) 708-2662

    1 in this area

    47 Total Sales

    Gianluca Jacoli
    Section Image
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Map

Source: The MLS

MLS Number: 21-756412

The MLS

APN: 4274-023-002

California Los Angeles County Santa Monica 90404 Pico

2240 Delaware Ave, Santa Monica, CA

This home is located at 2240 Delaware Ave, Santa Monica, CA 90404 since 02 July 2021 and is currently estimated at $1,770,000, approximately $738 per square foot. This property was built in 1951. 2240 Delaware Ave is a home located in Los Angeles County with nearby schools including Edison Language Academy, John Adams Middle School, and Santa Monica High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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