NOT LISTED FOR SALE

Estimated Value: $5,532,000 - $8,652,000

4 Beds
5 Baths
3,980 Sq Ft
$1,935/Sq Ft Est. Value

Last Sold August 04, 2023

Last sale price $7,350,000 $1,847 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $47,375/month

Highlights

  • White Water Ocean Views
  • Primary Bedroom Suite
  • Main Floor Primary Bedroom
  • Grand View Elementary School Rated A
  • Open Floorplan
  • 4-minute walk to Bruce's Beach

About This Home

As of May 2024

Welcome to 228 31st Street, a stunning beachside retreat on a walk street nestled in Manhattan Beach's highly sought-after neighborhood. This exquisite property perfectly blends modern luxury and coastal charm, providing an unparalleled living experience.
As you enter the third floor by a beautiful floating staircase or a 3-floor elevator, you are greeted by an open, airy floor plan flooded with natural light accentuating the gorgeous hardwood floors and high ceilings. The spacious living area is ideal for entertaining guests or relaxing with family, featuring two large balconies showcasing breathtaking ocean views and open sliders for an indoor-outdoor living experience.
The gourmet kitchen is a chef's dream, boasting top-of-the-line stainless steel appliances, custom Alder wood cabinetry, a Caesarstone quartz slab island, and a walk-in pantry. The adjacent dining area offers a seamless flow, perfect for hosting intimate dinner parties or casual gatherings.
The primary suite is a true oasis with a private balcony where you can enjoy morning coffee while enjoying the ocean views. The en-suite bathroom is a spa-like retreat featuring a luxurious soaking tub, dual vanities, and a walk-in shower.
This home also offers three additional well-appointed bedrooms, each with unique charm and ample closet space. The bathrooms throughout the property are elegantly designed with high-end finishes and fixtures.
Step outside to the walk-street yard, a serene outdoor living space perfect for al fresco dining and entertaining. The beautifully landscaped yard provides a tranquil escape, creating the ultimate outdoor oasis. This level also has an entertainment room with a built-in bar, perfect for direct access to the walk-street.
Located just steps from the beach, this home offers the quintessential California coastal lifestyle. Enjoy leisurely walks along the sandy shores, indulge in water sports, or relax and soak up the sun. Additionally, the property is conveniently situated near renowned restaurants, upscale shopping, and award-winning schools.

Don't miss the opportunity to lease this exceptional property in the heart of Manhattan Beach.
You can schedule a private showing today and experience the epitome of coastal living at 228 31st Street.

Last Agent to Rent the Property

Julie Lyon

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 3103451239 License #01717819 Listed on: 03/20/2024

Lyon Stahl Investment Real Estate, Inc.

Last Renter's Agent

Julie Lyon

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 3103451239 License #01717819 Listed on: 03/20/2024

Lyon Stahl Investment Real Estate, Inc.

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2010

Lot Details

  • 2,708 Sq Ft Lot
  • Density is up to 1 Unit/Acre
  • Property is zoned MNRH

Parking

  • 3 Car Attached Garage

Property Views

  • White Water Ocean
  • Coastline
  • Panoramic
  • Mountain

Home Design

  • Entry on the 2nd floor
  • Turnkey

Interior Spaces

  • 3,980 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Bar
  • Recessed Lighting
  • Custom Window Coverings
  • Family Room Off Kitchen
  • Living Room
  • Bonus Room
  • Laundry Room

Kitchen

  • Open to Family Room
  • Walk-In Pantry
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms | 3 Main Level Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Suite
  • Multi-Level Bedroom
  • Walk-In Closet

Outdoor Features

  • Living Room Balcony
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Security Deposit $44,000
  • 12-Month Minimum Lease Term
  • Available 5/1/24
  • Legal Lot and Block 2 / 46
  • Tax Tract Number 2
  • Assessor Parcel Number 4176024002

Home Details

Home Type

Single Family

Year Built

Built in 2010

Lot Details

0

Parking

3

Rental Info

  • Cashiers Check: 1ST Month Rent, Credit Report, Security Deposit
  • Available Date: 2024-05-01
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Security: 44000
  • Furnished: Unfurnished

Listing Details

  • Structure Type: House
  • Inclusions: Washer, Dryer, 4 barstools, all TV's
  • Property Attached: No
  • View: Yes
  • Zoning: MNRH
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 4176024002
  • Year Built: 2010
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 3980.00 Square Feet
  • Interior Amenities: Balcony, Bar, Living Room Balcony, Open Floorplan, Recessed Lighting
  • Stories: 3
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Entry Level: 2
  • Levels: Three Or More
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 5.53
  • Room Type: Bonus Room, Laundry, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Suite, Multi-Level Bedroom, Walk-In Closet, Walk-In Pantry
  • Window Features: Custom Covering
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room, Walk-In Pantry

Exterior Features

  • View: Coastline, Mountain(s), Ocean, Panoramic, White Water
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2708.00
  • Lot Size Acres: 0.0622

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months, 6 Months
  • Lot Size Area: 2708.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 46
  • Tax Census Tract: 6203.05
  • Tax Lot: 2
  • Tax Tract Number: 2

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2023
Closed on
Jul 13, 2023
Sold by
Yu Margaret and Yu Margaret M
Bought by
Rabago Family Trust and Rabago
Seller's Agent
Julie Lyon
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Austin Houska
Vista Sotheby’s International Realty
Sold Price
$22,000
Views
13
Current Estimated Value
$7,699,473

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,677,473
Avg. Annual Appreciation
1.96%

Purchase Details

Closed on
Oct 5, 2010
Sold by
228 31St Street Llc
Bought by
Lee Thomas T and Yu Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,590,000
Interest Rate
4.26%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 28, 2010
Sold by
Lee Thomas T and Yu Margaret
Bought by
Yu Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,590,000
Interest Rate
4.26%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 13, 2009
Sold by
Corrall Clifford J and Corrall Joanne S
Bought by
228 31St Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,305,000
Interest Rate
4.8%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 26, 2008
Sold by
Morton Gerard T
Bought by
Corrall Clifford J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,371,825
Interest Rate
5.99%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Dec 14, 2007
Sold by
Morton Gerard T and Gerard Thomas Morton Jr Living
Bought by
Morton Gerard T

Purchase Details

Closed on
Oct 23, 2007
Sold by
Morton Gerard T
Bought by
Morton Gerard T and Gerard Thomas Morton Jr Living Trust

Purchase Details

Closed on
Jun 26, 2002
Sold by
Morton Gerard T
Bought by
Morton Gerard T

Purchase Details

Closed on
Dec 15, 1994
Sold by
Morton Gerard T
Bought by
Morton Gerard T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
9.27%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Rabago Family Trust $7,350,000 Wfg National Title
Lee Thomas T $3,800,000 Usa National Title Co
Yu Margaret -- Accommodation
228 31St Street Llc -- First American Title Company
Corrall Clifford J $2,100,000 Lawyers Title
Morton Gerard T -- None Available
Morton Gerard T -- None Available
Morton Gerard T -- None Available
Morton Gerard T -- North American Title
Morton Gerard T -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lee Thomas T $2,590,000
Previous Owner 228 31St Street Llc $2,305,000
Previous Owner Corrall Clifford J $1,371,825
Previous Owner Morton Gerard T $188,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/03/2024 05/03/24 Rented $22,000 0.0% --
04/22/2024 04/22/24 Under Contract -- -- --
03/20/2024 03/20/24 For Rent $22,000 0.0% --
08/21/2023 08/21/23 Rented $22,000 -99.7% --
08/18/2023 08/18/23 Under Contract -- -- --
08/04/2023 08/04/23 Sold $7,350,000 0.0% $1,847 / Sq Ft View Prior Sale
08/01/2023 08/01/23 For Rent $22,000 0.0% --
07/10/2023 07/10/23 Pending -- -- --
02/16/2023 02/16/23 For Sale $7,595,000 -- $1,908 / 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 $82,985 $7,497,000 $5,814,000 $1,683,000
2024 $82,985 $7,350,000 $5,700,000 $1,650,000
2023 $53,020 $4,679,422 $3,078,569 $1,600,853
2022 $52,363 $4,587,669 $3,018,205 $1,569,464
2021 $51,407 $4,497,716 $2,959,025 $1,538,691
2019 $50,056 $4,364,312 $2,871,259 $1,493,053
2018 $49,074 $4,278,738 $2,814,960 $1,463,778
2016 $46,058 $4,112,591 $2,705,652 $1,406,939
2015 $45,091 $4,050,817 $2,665,011 $1,385,806
2014 $44,464 $3,971,468 $2,612,808 $1,358,660
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24055715

California Regional Multiple Listing Service (CRMLS)

APN: 4176-024-002