$2,025,000
SOLD MAR 31, 2023
6 Beds
6 Baths
2,792 Sq Ft
9,003 Sq Ft Lot

Recently Sold

$725 Per Sq Ft

14% Below List Price

107 Days on Market

Highlights

  • Traditional Architecture
  • East Facing Home
  • 1-Story Property
  • Grant Elementary School Rated A+

About This Home

As of March 2023

REDUCED! 4 of the 5 units will be delivered vacant! Over a 5.5% CAP when leased up. Rare Santa Monica opportunity just south of Pico Blvd and steps to Trader Joe's. Remodel the existing structures or build and expand. Huge 9,000 sf lot with plenty of room to build new ADU's for a total of 7 units. There are 3 structures on the property: In front is a 3 unit building with a lovely private, front yard . It has (1) 2+1 and (2) 1+1 units. The middle building has 2-stories with (2) 1+1's and a 1-car garage. The rear structure is a detached 2-car garage. All 3 garages will be delivered vacant. There are a total of 7 parking spaces. This is a contractor's dream - rebuild or restore and choose your own market rent tenants!

Last Agent to Sell the Property

David Schuchman

Roque & Mark Company, Inc. License #01472937 Listed on: 10/18/2022

Last Buyer's Agent

Sarah Edelman

Keller Williams Los Angeles License #01999746

Keller Williams Los Angeles

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,556

Year Built

  • Built in 1956

Lot Details

  • 9,003 Sq Ft Lot
  • Lot Dimensions are 60x150
  • East Facing Home

Parking

  • 4 Open Parking Spaces
  • 3 Car Garage

Home Design

  • Traditional Architecture
  • Major Repairs Completed
  • Fixer Upper

Interior Spaces

  • 2,792 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Utilities

  • Heating System Mounted To A Wall or Window
  • Property is located within a water district
  • Sewer in Street

Listing and Financial Details

  • The owner pays for water, gardener
  • Assessor Parcel Number 4270-007-044

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,556

Year Built

Built in 1956

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Style: Traditional
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: No
  • Living Area: 2792
  • Lot Acreage: 0.2067
  • Lot Dimensions: 60x150
  • Probate: No
  • Property Condition: Fixer, Repairs Major
  • Stories: 1
  • Year Built: 1956
  • Number Of Photos: 11
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Common Walls: Attached
  • Total Bathrooms: 6.00
  • Price Per S Q F T: 752.15

Exterior Features

  • Direction Faces: East
  • Other Structures: None

Garage/Parking

  • Garage Spaces: 3
  • Other Spaces: 4
  • Garage Structures: 2
  • Parking Garage: Garage - 1 Car, Garage - 2 Car, Uncovered
  • Total Parking: 7

Utilities

  • Heating: Wall
  • Sewer: In Street
  • Water: District

Lot Info

  • Assessor Parcel Number: 4270-007-044
  • Lot Size Area: 9003

Rental Info

  • Land Lease Type: Fee
  • Owner Pays: Water, Gardener
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 1301.00
  • Number Of Units: 5
  • Total Annual Expense: 42900
  • Type Of Units: Apartment
  • Vacancy Rate: 1%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2022
Closed on
Feb 7, 2023
Sold by
Duff Judith Ann
Bought by
Ee & Ge Properties Llc
Seller's Agent
David Schuchman
Roque & Mark Company, Inc.
Buyer's Agent
Sarah Edelman
Keller Williams Los Angeles
List Price
$2,350,000
Sold Price
$2,025,000
Premium/Discount to List
-$325,000
-13.83%
Views
28

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.77%
Original Mortgage
$1,499,900
Interest Rate
8.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 1, 2022
Sold by
Emily L Spencer Trust
Bought by
Duff Judith Ann and Prince Donna Jean
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $2,025,000 Usa National Title
Gift Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,499,900 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2025 06/10/25 Price Changed $2,220,000 -6.7% $636 / Sq Ft
04/15/2025 04/15/25 For Sale $2,380,000 +17.5% $682 / Sq Ft
03/31/2023 03/31/23 Sold $2,025,000 -3.6% $725 / Sq Ft
02/02/2023 02/02/23 Pending -- -- --
01/13/2023 01/13/23 Price Changed $2,100,000 -10.6% $752 / Sq Ft
12/19/2022 12/19/22 For Sale $2,350,000 0.0% $842 / Sq Ft
12/09/2022 12/09/22 Pending -- -- --
11/16/2022 11/16/22 For Sale $2,350,000 0.0% $842 / Sq Ft
11/11/2022 11/11/22 Pending -- -- --
10/18/2022 10/18/22 For Sale $2,350,000 -- $842 / 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
2024 $25,556 $2,065,500 $1,836,000 $229,500
2023 $7,429 $492,356 $279,172 $213,184
2022 $7,322 $482,703 $273,699 $209,004
2021 $7,115 $473,239 $268,333 $204,906
2020 $7,068 $468,607 $265,582 $203,025
2019 $6,992 $459,424 $260,375 $199,049
2018 $6,500 $450,421 $255,270 $195,151
2016 $6,198 $432,720 $245,358 $187,362
2015 $6,118 $426,221 $241,673 $184,548
2014 $6,075 $417,872 $236,939 $180,933
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-209915

The MLS

APN: 4270-007-044