NOT LISTED FOR SALE

240 Hill St Santa Monica, CA 90405

Ocean Park Neighborhood

Estimated Value: $1,758,000 - $2,842,000

6 Beds
4 Baths
3,234 Sq Ft
$711/Sq Ft Est. Value

Last Sold October 03, 2018

Last sale price $2,750,000 $850 Per Sq Ft

Est. 16% decrease in value since last sale

Current estimated payment $15,536/month

About This Home

As of October 2018

This home is located at 240 Hill St, Santa Monica, CA 90405 since 03 October 2018 and is currently estimated at $2,300,000, approximately $711 per square foot. This property was built in 1910. 240 Hill St is a home located in Los Angeles County with nearby schools including John Muir Elementary School, John Adams Middle School, and Santa Monica High School.

Last Agent to Sell the Property

Jason Berns

Keller Williams Realty License #01787757 Listed on: 10/03/2018

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $36,049

Year Built

  • Built in 1910

Lot Details

  • 6,501 Sq Ft Lot
  • No Common Walls

Interior Spaces

  • 1-Story Property

Listing and Financial Details

  • Assessor Parcel Number 4287023001

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$36,049

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Attached: No
  • Zoning: SMOP2
  • Property Type: Residential Income
  • Parcel Number: 4287023001
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6501.00
  • Lot Size Acres: 0.1500

Multi Family

  • Lot Size Area: 6501.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 18, 2024
Sold by
Marino Family Trust and Marino Michael
Bought by
Cassandra Marino Family Trust and Marino
Current Estimated Value
$2,300,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,497,496
Outstanding Balance
$1,481,032
Interest Rate
7.02%
Mortgage Type
Seller Take Back
Estimated Equity
$818,968

Purchase Details

Closed on
Jun 14, 2024
Sold by
Marino Family Trust and Marino Michael
Bought by
Cassandra Marino Family Trust and Marino

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,497,496
Outstanding Balance
$1,481,032
Interest Rate
7.02%
Mortgage Type
Seller Take Back
Estimated Equity
$818,968

Purchase Details

Closed on
Aug 2, 2021
Sold by
Hangar Holdco Lp
Bought by
Marino Michael Joseph and Marino Cassandra

Purchase Details

Closed on
Oct 15, 2020
Sold by
Hangar Holdco Lp
Bought by
Davis Colbert Smith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$929,881
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 5, 2020
Sold by
Hangar Holdco Lp
Bought by
Kornspan Melissa Linette and Smith Wade Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$580,000
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 4, 2020
Sold by
Hangar Holdco Lp
Bought by
Marquardt Virginia Elaine and Marquardt Brandyn Glenn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$580,000
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 3, 2018
Closed on
Sep 11, 2018
Sold by
Kress Alana and Kress Joshua
Bought by
Hangar Holdco Lp
Seller's Agent
Jason Berns
Keller Williams Realty
List Price
$2,750,000
Sold Price
$2,750,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.56%
Original Mortgage
$2,639,250
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
May 26, 2018
Sold by
Freedman Gail M
Bought by
Freedman Gail M and Gail M Freedman Living Trust

Purchase Details

Closed on
Mar 30, 2018
Sold by
Kress Gary and Pauline Kress Family Trust
Bought by
Freedman Gail and Kress Alana

Purchase Details

Closed on
Mar 15, 2013
Sold by
Millard Richard H and Millard Mark S
Bought by
Millard Richard H and Ther Richard H Millard Child T

Purchase Details

Closed on
Apr 12, 2005
Sold by
Millard Lillian R and The Millard Family Trust
Bought by
Millard Lillian R and The Millard Family Trust
Source: Public Records

Range of Values:

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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
Cassandra Marino Family Trust -- None Listed On Document
Cassandra Marino Family Trust -- None Listed On Document
Cassandra Marino Family Trust -- None Listed On Document
Marino Michael Joseph $1,780,000 Chicago Title Company
Davis Colbert Smith $733,000 Chicago Title Company
Kornspan Melissa Linette $725,000 Chicago Title Company
Marquardt Virginia Elaine $725,000 Chicago Title Company
Hangar Holdco Lp $2,750,000 Lawyers Title
Freedman Gail M -- None Available
Freedman Gail -- None Available
Millard Richard H -- None Available
Millard Lillian R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cassandra Marino Family Trust $1,497,496
Closed Cassandra Marino Family Trust $1,497,496
Previous Owner Hangar Holdco Lp $929,881
Previous Owner Davis Colbert Smith $580,000
Previous Owner Kornspan Melissa Linette $580,000
Previous Owner Marquardt Virginia Elaine $639,000
Previous Owner Hangar Holdco Lp $2,652,985
Previous Owner Hangar Holdco Lp $2,639,250
Previous Owner Hangar Holdco Lp $2,639,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/03/2018 10/03/18 Sold $2,750,000 0.0% $850 / Sq Ft
10/03/2018 10/03/18 Pending -- -- --
10/03/2018 10/03/18 For Sale $2,750,000 -- $850 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $36,049 $3,089,395 $2,205,374 $884,021
2024 $36,049 $3,028,820 $2,162,132 $866,688
2023 $35,473 $2,969,433 $2,119,738 $849,695
2022 $35,040 $2,911,210 $2,078,175 $833,035
2021 $34,153 $2,844,014 $2,049,033 $794,981
2020 $33,808 $2,805,000 $2,040,000 $765,000
2019 $33,473 $2,750,000 $2,000,000 $750,000
2018 $2,094 $101,209 $80,556 $20,653
2016 $1,971 $97,281 $77,429 $19,852
2015 $1,942 $95,820 $76,266 $19,554
2014 $1,957 $93,944 $74,773 $19,171
Source: Public Records

Agents Affiliated with this Home

  • Jason Berns

    Seller's Agent in 2018

    Jason Berns

    Keller Williams Realty

    (626) 826-4544

    397 Total Sales

    Jason Berns
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-818004890

Pasadena-Foothills Association of REALTORS®

APN: 4287-023-001

California Los Angeles County Santa Monica 90405 Ocean Park

240 Hill St, Santa Monica, CA

This home is located at 240 Hill St, Santa Monica, CA 90405 since 03 October 2018 and is currently estimated at $2,300,000, approximately $711 per square foot. This property was built in 1910. 240 Hill St is a home located in Los Angeles County with nearby schools including John Muir 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.

Pasadena-Foothills Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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