Seller's Agent in 2019
Filip Niculete
Marcus & Millichap
(818) 357-9525
2 in this area
105 Total Sales
2416 20th St Santa Monica, CA 90405
Sunset Park NeighborhoodEstimated Value: $2,519,504 - $2,657,000
8
Beds
5
Baths
3,076
Sq Ft
$841/Sq Ft
Est. Value
About This Home
As of February 2019We are pleased to present 2416 20th Street, located in the prime Sunset Park area of Santa Monica. The offering is a fantastic 5 unit opportunity with an incredibly low GRM of 15.53 and outstanding Cap Rate of 4.37% on current income with additional upside in rents! The property is located less than two miles from the beach and within walking distance to some of the most desirable retail, shopping and dining in the country; Main Street, Ocean Front Walk and Abbot Kinney just to name a few. 4 of 5 units have been renovated throughout with much of the following: granite counter tops, windows, stainless steel appliances, hardwood floors, water heaters, recessed lighting etc. Units A, C, D & E were redone with copper plumbing, roof and windows. The offering sits on 7,161 square feet of land with a rentable square feet of 3,076 and consist of 2 one-bedroom/one-bathroom units and 3 two-bedroom/one-bathroom units.
Last Agent to Sell the Property
Marcus & Millichap License #01905352 Listed on: 10/24/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $27,476
Year Built
- Built in 1944
Lot Details
- 7,162 Sq Ft Lot
Parking
- 4 Parking Spaces
Interior Spaces
- 3,076 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 5 Bathrooms
Community Details
- 5 Units
Listing and Financial Details
- Assessor Parcel Number 4273-021-021
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 24, 2018
Closed on
Jan 28, 2019
Sold by
Wolff Stephanie R and Wolff Michael K
Bought by
Levico Group Llc
Seller's Agent
Filip Niculete
Marcus & Millichap
Buyer's Agent
Mojgan Hakim
Coldwell Banker Realty
List Price
$2,100,000
Sold Price
$2,052,000
Premium/Discount to List
-$48,000
-2.29%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$536,252
Avg. Annual Appreciation
3.61%
Original Mortgage
$1,180,000
Interest Rate
4.5%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 20, 2015
Sold by
Wolff Michael and Wolff Stephanie R
Bought by
Wolff Family Revocable Trust
Purchase Details
Closed on
Mar 1, 2002
Sold by
Queenie Properties Llc
Bought by
Wolff Michael and Wolff Stephanie R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
6.85%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 15, 1997
Sold by
Feldman Jan
Bought by
Queenie Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
7.7%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Aug 28, 1995
Sold by
Aston Ann Kathrne
Bought by
Feldman Jan
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Levico Group Llc | $2,052,000 | Ticor Title Company | |
| Wolff Family Revocable Trust | -- | None Available | |
| Wolff Michael | $587,000 | Equity Title | |
| Queenie Properties Llc | $357,500 | Provident Title | |
| Feldman Jan | $255,000 | Chicago Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Levico Group Llc | $1,326,000 | |
| Closed | Levico Group Llc | $1,180,000 | |
| Previous Owner | Wolff Michael K | $800,000 | |
| Previous Owner | Wolff Michael | $680,000 | |
| Previous Owner | Wolff Michael | $50,000 | |
| Previous Owner | Wolff Michael | $440,000 | |
| Previous Owner | Queenie Properties Llc | $60,000 | |
| Previous Owner | Queenie Properties Llc | $280,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/12/2019 02/12/19 | Sold | $2,052,000 | -2.3% | $667 / Sq Ft |
| 01/04/2019 01/04/19 | Price Changed | $2,100,000 | +3.3% | $683 / Sq Ft |
| 01/04/2019 01/04/19 | Pending | -- | -- | -- |
| 01/04/2019 01/04/19 | Price Changed | $2,032,000 | -3.2% | $661 / Sq Ft |
| 10/24/2018 10/24/18 | For Sale | $2,100,000 | -- | $683 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
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 | $27,476 | $2,289,040 | $1,561,724 | $727,316 |
| 2024 | $27,476 | $2,244,157 | $1,531,102 | $713,055 |
| 2023 | $27,043 | $2,200,155 | $1,501,081 | $699,074 |
| 2022 | $26,712 | $2,157,016 | $1,471,649 | $685,367 |
| 2021 | $26,060 | $2,114,723 | $1,442,794 | $671,929 |
| 2019 | $10,619 | $777,859 | $569,449 | $208,410 |
| 2018 | $9,974 | $762,618 | $558,284 | $204,334 |
| 2016 | $9,548 | $732,526 | $536,606 | $195,920 |
| 2015 | $9,426 | $721,524 | $528,546 | $192,978 |
| 2014 | $9,337 | $707,391 | $518,193 | $189,198 |
Source: Public Records
Agents Affiliated with this Home
-
Filip Niculete
-
Mojgan Hakim
Buyer's Agent in 2019
Mojgan Hakim
Coldwell Banker Realty
(310) 387-8500
12 Total Sales
Map
Source: The MLS
MLS Number: 18-400352
APN: 4273-021-021
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