NOT LISTED FOR SALE

Estimated Value: $2,197,000 - $2,345,394

8 Beds
5 Baths
3,020 Sq Ft
$752/Sq Ft Est. Value

Last Sold November 25, 2019

Last sale price $1,890,000 $626 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $14,155/month

121 Days on Market

About This Home

As of November 2019

Price Reduction and 3 units shall be delivered vacant! Property tour this coming Friday, September 20th, from noon - 2pm. This beautifully private 5-unit apartment building located half a block away from Santa Monica College and Ocean Park Blvd. 2420 20th Street offers students an incredibly desirable living situation that is walking distance to the college. It is a popular location for foreign exchange students that do not have vehicles while studying abroad. This building has been incredibly well maintained over the years and all seismic retrofitting has been paid for by the Seller. This apartment complex is part of a 5-building portfolio sale and can be purchased individually or as a package with 4 other properties. Please do NOT disturb the tenants. All showings will be subject to an accepted offer.

Last Agent to Sell the Property

Chase Simonton

RE/MAX One License #01766871 Listed on: 07/15/2019

RE/MAX One

Co-Listed By

Jason Flashman

Keller Williams Encino/Sherman Oaks License #01841976

Last Buyer's Agent

Jeff Lee

Jeff Lee, Broker License #01966427

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,646

Year Built

  • Built in 1945

Lot Details

  • 7,144

Interior Spaces

  • 3,020 Sq Ft Home
  • 1-Story Property
  • Washer

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Parking

  • 5 Parking Spaces
  • Assigned Parking

Additional Features

  • 7,144 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 4273-021-022

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,646

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3020
  • Stories: 1
  • Year Built: 1945
  • Number Of Photos: 10
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 5.00
  • Den: 0
  • Equipment: Washer
  • Price Per S Q F T: 645.70

Exterior Features

  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 5

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 195385
  • Assessed Land Value: 275406
  • Assessor Parcel Number: 4273-021-022
  • Geocode Override: No
  • Lot Size Area: 7144

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 14.95
  • Number Of Units: 5
  • Rent Control: 100
  • Total Annual Expense: 41919
  • Type Of Units: 2+1, 1+1
  • Vacancy Rate: 0%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2019
Closed on
Nov 19, 2019
Sold by
Chang Nancy Kuei Lan
Bought by
Blacktip Santa Monica Llc
Seller's Agent
Chase Simonton
RE/MAX One
Buyer's Agent
Jeff Lee
Jeff Lee, Broker
List Price
$1,950,000
Sold Price
$1,890,000
Premium/Discount to List
-$60,000
-3.08%
Current Estimated Value
$2,271,197

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$381,197
Avg. Annual Appreciation
3.54%

Purchase Details

Closed on
Feb 11, 1999
Sold by
Wang Jean Chou
Bought by
Chang Nancy Kuei Lan and The Nancy Keui Lan Chang Trust

Purchase Details

Closed on
Mar 18, 1997
Sold by
Lazarus Ann Trs A Lazarus Trust
Bought by
Chang Nancy Kuei Lan and Wang Jean Chou

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,888
Interest Rate
7.96%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 13, 1997
Sold by
Calabrese Francesco Diego
Bought by
Wang Jean Chou

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,888
Interest Rate
7.96%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 16, 1993
Sold by
Lazarus Sam and Lazarus Anne
Bought by
Lazarus Sam and Lazarus Ann
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
Blacktip Santa Monica Llc $1,865,000 Ticor Title Company Of Ca
Chang Nancy Kuei Lan -- Old Republic Title Company
Chang Nancy Kuei Lan $339,000 Fidelity Title
Wang Jean Chou -- Fidelity Title
Lazarus Sam -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chang Nancy Keui Lan $500,000
Previous Owner Chang Nancy Kuei Lan $238,888
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/25/2019 11/25/19 Sold $1,890,000 -3.1% $626 / Sq Ft
11/13/2019 11/13/19 Pending -- -- --
11/01/2019 11/01/19 For Sale $1,950,000 +3.2% $646 / Sq Ft
10/31/2019 10/31/19 Off Market $1,890,000 -- --
09/17/2019 09/17/19 Price Changed $1,950,000 -6.9% $646 / Sq Ft
08/16/2019 08/16/19 Price Changed $2,095,000 -0.2% $694 / Sq Ft
07/15/2019 07/15/19 For Sale $2,100,000 -- $695 / 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 $24,646 $2,039,647 $1,640,468 $399,179
2024 $24,646 $1,999,654 $1,608,302 $391,352
2023 $24,258 $1,960,446 $1,576,767 $383,679
2022 $23,959 $1,922,006 $1,545,850 $376,156
2021 $23,371 $1,884,321 $1,515,540 $368,781
2019 $7,218 $489,809 $286,532 $203,277
2018 $6,774 $480,206 $280,914 $199,292
2016 $6,459 $461,560 $270,006 $191,554
2015 $6,376 $454,628 $265,951 $188,677
2014 $6,335 $445,724 $260,742 $184,982
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-488670

The MLS

APN: 4273-021-022