NOT LISTED FOR SALE

2312 28th St Santa Monica, CA 90405

Sunset Park Neighborhood

Estimated Value: $1,913,000 - $3,614,000

8 Beds
4 Baths
3,246 Sq Ft
$772/Sq Ft Est. Value

Last Sold July 27, 2020

Last sale price $1,800,000 $555 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $15,581/month

77 Days on Market

Highlights

  • Floor Furnace
  • Grant Elementary School Rated A+
  • 4 Car Garage

About This Home

As of July 2020

3 VACANT UNITS! Excellent opportunity to own this Santa Monica multi-unit fourplex. Total of 3,246 Sq/Ft. Front house is a Spanish style 3 bedroom + 1 bathroom with 1,307 Sq/Ft currently vacant and will be delivered vacant at close of escrow. Middle house is 2 bed + 1 bath (will be delivered vacant at close). Rear duplex building consists of a 2 bed + 1 bath (tenant occupied) and 1 bed + 1 bath (vacant). Huge Lot boasting 9,293 SQ/FT. Plenty of space if your looking to rebuild! 4 separate meters. Owner pays water and trash. Excellent Potential!

Last Agent to Sell the Property

Michael Kayem

Estate Properties License #01320892 Listed on: 04/09/2020

Estate Properties

Last Buyer's Agent

Ripsime Barsamian

Engel & Völkers License #01991753

Engel & Völkers

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,447

Year Built

  • Built in 1924

Lot Details

  • 9,293 Sq Ft Lot

Parking

  • 4 Car Garage
  • Driveway

Home Design

  • 3,246 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Utilities

  • Floor Furnace
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Assessor Parcel Number 4270-003-007

Community Details

Overview

  • 3 Buildings
  • 4 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,447

Year Built

Built in 1924

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3246
  • Year Built: 1924
  • Number Of Photos: 29
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 583.80

Exterior Features

  • Other Structures: None

Garage/Parking

  • Garage Spaces: 4
  • Parking Garage: Driveway, Garage
  • Total Parking: 4

Utilities

  • Heating: Floor Furnace, Wall
  • Water Expense: 250.00

Lot Info

  • Assessed Improvement Value: 37997
  • Assessed Land Value: 91229
  • Assessor Parcel Number: 4270-003-007
  • Geocode Override: No
  • Lot Size Area: 9293

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 15.71
  • Number Of Units: 4
  • Total Annual Expense: 00
  • Type Of Units: Spanish
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2020
Closed on
Jul 22, 2020
Sold by
Herber Bruce W and Herber Family Trust
Bought by
Martinez Pedro and Cueva Lorena
Seller's Agent
Michael Kayem
Estate Properties
Buyer's Agent
Ripsime Barsamian
Engel & Völkers
List Price
$1,895,000
Sold Price
$1,800,000
Premium/Discount to List
-$95,000
-5.01%
Current Estimated Value
$2,505,758

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$705,758
Avg. Annual Appreciation
6.83%
Original Mortgage
$1,350,000
Outstanding Balance
$1,204,571
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$1,317,182
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
Martinez Pedro $1,800,000 Progressive Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martinez Pedro $1,350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2020 07/27/20 Sold $1,800,000 -5.0% $555 / Sq Ft
06/25/2020 06/25/20 Pending -- -- --
06/19/2020 06/19/20 For Sale $1,895,000 0.0% $584 / Sq Ft
06/10/2020 06/10/20 Pending -- -- --
06/04/2020 06/04/20 Price Changed $1,895,000 -5.0% $584 / Sq Ft
04/09/2020 04/09/20 For Sale $1,995,000 -- $615 / 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 $23,447 $1,948,377 $1,363,864 $584,513
2024 $23,447 $1,910,174 $1,337,122 $573,052
2023 $23,073 $1,872,720 $1,310,904 $561,816
2022 $22,782 $1,836,000 $1,285,200 $550,800
2021 $22,210 $1,800,000 $1,260,000 $540,000
2020 $2,794 $137,133 $96,812 $40,321
2019 $2,753 $134,445 $94,914 $39,531
2018 $2,502 $131,809 $93,053 $38,756
2016 $2,362 $126,693 $89,441 $37,252
2015 $2,326 $124,791 $88,098 $36,693
2014 $2,337 $122,348 $86,373 $35,975
Source: Public Records

Agents Affiliated with this Home

  • Michael Kayem

    Seller's Agent in 2020

    Michael Kayem

    Estate Properties

    (310) 739-8029

    47 Total Sales

    Michael Kayem
    Section Image
  • Ripsime Barsamian

    Buyer's Agent in 2020

    Ripsime Barsamian

    Engel & Volkers Santa Monica

    (213) 280-0247

    2 in this area

    18 Total Sales

    Ripsime Barsamian
    Section Image
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Map

Source: The MLS

MLS Number: 20-569742

The MLS

APN: 4270-003-007

California Los Angeles County Santa Monica 90405 Sunset Park

2312 28th St, Santa Monica, CA

This home is located at 2312 28th St, Santa Monica, CA 90405 since 09 April 2020 and is currently estimated at $2,505,758, approximately $771 per square foot. This property was built in 1924. 2312 28th St is a home located in Los Angeles County with nearby schools including Grant Elementary School, 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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