NOT LISTED FOR SALE

Estimated Value: $3,276,000 - $10,849,000

3 Beds
2 Baths
1,736 Sq Ft
$4,525/Sq Ft Est. Value

Last Sold October 09, 2015

Last sale price $4,800,000 $2,765 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $50,974/month

34 Days on Market

Highlights

  • Ocean Side of Highway 1
  • No HOA
  • Views
  • Opal Robinson Elementary School Rated A
  • Fireplace
  • Living Room

About This Home

As of October 2015

A great opportunity to snatch up a lot on one of the best walk streets in Manhattan Beach’s coveted southern Sand Section…west of Highland…just 1.5 blocks from the sand and Strand…it simply does not get better than this!!!

Imagine the landmark home you can create here. . . this south-facing property guarantees dramatic ocean views, tons of natural light, breathtaking sunsets, soothing ocean breezes, and the Southern California beach lifestyle most can only dream of.

The incredible location puts you within steps of everything that makes this iconic beach town a favorite of locals and international vacationers alike: the sparkling Pacific Ocean, the amazing restaurants and shops of downtown MB, the lovely Strand and Bike Path, the legendary MB Pier, the bucolic greenbelt walking and jogging trail…it’s all in your front yard! And there’s really nothing like the MB walk street community!

Last Agent to Sell the Property

David Caskey

eXp Realty of California Inc License #01198999 Listed on: 05/28/2015

eXp Realty of California Inc

Last Buyer's Agent

Lee LeGrande

eXp Realty of California Inc License #01316971

eXp Realty of California Inc

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1920

Lot Details

  • 2,705

Parking

  • 2 Car Garage

Interior Spaces

  • 1,736 Sq Ft Home
  • Fireplace
  • Living Room
  • Property Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Ocean Side of Highway 1
  • 2,705 Sq Ft Lot

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 11 / 74
  • Assessor Parcel Number 4180024011

Home Details

Home Type

Single Family

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 4180024011
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1736.00
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Levels: One
  • Price Per Square Foot: 2764.98
  • Room Type: Living Room

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: Walkstreet
  • Lot Size Sq Ft: 2705.00
  • Price Per Lot Square Foot: 1774.49
  • Lot Size Acres: 0.0620

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2705.0000 Square Feet
  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Waterfront Features: Ocean Side Of Highway 1

Tax Info

  • Tax Block: 74
  • Tax Lot: 11
  • Tax Tract Number: .

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 20, 2017
Sold by
Luna Bear Properties Ii Llc
Current Estimated Value
$7,854,940

Purchase Details

Closed on
Jul 6, 2015
Sold by
Lesser Richard A and Lesser Janese
Bought by
Luna Bear Properties Ii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,999,999
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 2, 2014
Sold by
Lesser Russell F
Bought by
Lesser Charlotte A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
4.1%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 22, 2014
Sold by
Lesser Richard A and Lesser Janese
Bought by
Lesser Richard A and Lesser Janese

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
4.1%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 23, 2012
Sold by
Lesser Russell F and Lesser Charlotte A
Bought by
Lesser Russell F and Lesser Grat Russell F
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
-- $9,500,000 None Available
Luna Bear Properties Ii Llc $4,800,000 Lawyers Title
Lesser Charlotte A -- Ortc
Lesser Russell F -- Ortc
Lesser Richard A -- None Available
Lesser Richard A -- Ortc
Lesser Russell F -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Luna Bear Properties Ii Llc $2,999,999
Previous Owner Lesser Russell F $500,000
Previous Owner Lesser Richard A $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/09/2015 10/09/15 Sold $4,800,000 -4.0% $2,765 / Sq Ft
07/01/2015 07/01/15 Pending -- -- --
06/12/2015 06/12/15 For Sale $5,000,000 0.0% $2,880 / Sq Ft
06/01/2015 06/01/15 Pending -- -- --
05/28/2015 05/28/15 For Sale $5,000,000 -- $2,880 / 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 $119,291 $10,809,375 $6,144,277 $4,665,098
2024 $119,291 $10,597,427 $6,023,801 $4,573,626
2023 $116,365 $10,389,636 $5,905,688 $4,483,948
2022 $114,326 $10,185,919 $5,789,891 $4,396,028
2021 $112,106 $9,986,196 $5,676,364 $4,309,832
2019 $109,053 $9,690,000 $5,508,000 $4,182,000
2018 $58,286 $5,170,380 $4,993,920 $176,460
2016 $52,837 $4,800,000 $4,500,000 $300,000
2015 $1,865 $142,346 $98,712 $43,634
2014 $1,856 $139,559 $96,779 $42,780
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB15115154

California Regional Multiple Listing Service (CRMLS)

APN: 4180-024-011