NOT LISTED FOR SALE

2505 Maple Ave Manhattan Beach, CA 90266

Estimated Value: $2,492,000 - $3,285,000

2 Beds
3 Baths
1,315 Sq Ft
$2,305/Sq Ft Est. Value

Last Sold April 07, 2015

Last sale price $1,765,000 $1,342 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $18,069/month

17 Days on Market

Highlights

  • Cottage
  • Paved or Partially Paved Lot
  • Back Yard
  • Pacific Elementary School Rated A

About This Home

As of April 2015

2501, 2505 and 2509 Maple Avenue. Rare Tree Section Income Property Available For Purchase. This property is always leased. The triplex consists of three well-maintained units in the heart of a purely single-family residential area. Each unit has its own private back yard and its own garage. New roof in 2008. Electrical and Gas separately metered. With current tenants, seller pays water/sewer/trash (approximately $275/mo.). Each unit has seller-owned stackable washer/dryer, refrigerator, built-in microwave, dishwasher and hot water heater.

2509 Maple (back unit on Maple):
- $1925/mo. Brand new tenant. Lease runs through 11/30/2015
- Studio Unit / 1 Bathroom
- Hardwood floors throughout common area
- Wood-beamed ceilings throughout
- Private Back Yard.

2505 Maple (middle unit):
- $2150/month. 2 year tenant. Rent has not been raised since move-in
- 1 Bedroom / 1 Bathroom
- Hardwood floors throughout common area
- Wood-beamed ceilings throughout
- Private Back Yard.

2501 Maple (corner of Maple and Valley):
- $2400/month. 3-year tenant. Rent has not been raised since move-in
- 2 Bedrooms / 1 Bathroom with tub and shower
- Hardwood floors throughout common area
- Wood-beamed ceiling
- Private Back Yard.

Last Agent to Sell the Property

Gregory Maffei

Vista Sotheby’s International Realty License #01091979 Listed on: 01/24/2015

Vista Sotheby’s International Realty

Co-Listed By

Elaine Quintiliani

Compass License #01924987

Last Buyer's Agent

Kevin Pratt

Strand Hill Properties License #01023090

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,981

Year Built

  • Built in 1938

Lot Details

  • 4,008 Sq Ft Lot
  • No Common Walls
  • Paved or Partially Paved Lot
  • Level Lot
  • Back Yard

Parking

  • 3 Car Garage
  • Parking Available
  • Driveway
  • Assigned Parking

Home Design

  • 1,315 Sq Ft Home
  • Cottage

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 13 / 21
  • Tax Tract Number 1638
  • Assessor Parcel Number 4173021012

Community Details

Overview

  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $750
  • Trash Expense $700
  • Water Sewer Expense $2,400
  • New Taxes Expense $20,900
  • Gross Income $6,475
  • Net Operating Income $52,950

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,981

Year Built

Built in 1938

Lot Details

0

Parking

3

Listing Details

  • Other Phone Description: 310-800-0388
  • Property Attached: No
  • Water Sewer Expenses: 2400.00
  • Zoning: MNRS
  • Architectural Style: Cottage
  • Property Type: Residential Income
  • Parcel Number: 4173021012
  • Year Built: 1938
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 1342.21

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned, Concrete, Driveway
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 700.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: Back Yard, Level with Street, Paved
  • Lot Size Sq Ft: 4008.00
  • Lot Size Acres: 0.0920

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 6475.00
  • Gross Scheduled Income: 77700.00
  • Insurance Expense: 750.00
  • Lot Size Area: 4008.0000 Square Feet
  • Net Operating Income: 52950.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Carpet: 3
  • Number With Dishwasher: 3
  • Number With Disposal: 3
  • Number With Patio: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 24750.00
  • Rent Control: No
  • Total Actual Rent: 6475.00

Tax Info

  • New Taxes Expense: 20900.00
  • Tax Area: 6174
  • Tax Block: 21
  • Tax Lot: 13
  • Tax Tract Number: 1638

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 21, 2024
Sold by
Swan Kathleen M and Kathleen M Swan Revocable Trust
Bought by
Kathleen M Swan Revocable Trust and Winterhalder
Current Estimated Value
$3,031,208

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,057,000
Outstanding Balance
$1,052,179
Interest Rate
6.44%
Mortgage Type
New Conventional
Estimated Equity
$1,979,029

Purchase Details

Closed on
Jun 11, 2019
Sold by
Winterhalder Kathleen Swan
Bought by
Swan Kathleen M and The Kathleen M Swan Revocable

Purchase Details

Listed on
Jan 24, 2015
Closed on
Mar 26, 2015
Sold by
Maple Triplex Llc
Bought by
Winterhalder Kathleen Swan
Seller's Agent
Gregory Maffei
Vista Sotheby’s International Realty
Buyer's Agent
Kevin Pratt
Strand Hill Properties
List Price
$1,899,000
Sold Price
$1,765,000
Premium/Discount to List
-$134,000
-7.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.29%
Original Mortgage
$1,160,000
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 13, 2013
Sold by
Maple Triplex Llc
Bought by
Darcy Shawn D and Darcy Susan M

Purchase Details

Closed on
Mar 12, 2013
Sold by
Darcy Shawn D and Darcy Susan M
Bought by
Maple Triplex Llc

Purchase Details

Closed on
Jan 31, 2011
Sold by
Darcy Shawn D and Darcy Susan M
Bought by
Maple Triplex Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Interest Rate
4.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 19, 2007
Sold by
Darcy Shawn D and Darcy Susan M
Bought by
Maple Triplex Llc

Purchase Details

Closed on
Jul 16, 2007
Sold by
Reinagel Charles J and Reinagel Christine
Bought by
Darcy Shawn D and Darcy Susan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 11, 2002
Sold by
Davids Daniel J and Daniel J Davids Trust
Bought by
Reinagel Charles J and Reinagel Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$468,000
Interest Rate
7.15%
Mortgage Type
Balloon

Purchase Details

Closed on
Jul 24, 1997
Sold by
Davids Daniel J
Bought by
Davids Daniel J and Daniel J Davids Trust

Purchase Details

Closed on
Apr 9, 1997
Sold by
Davids Daniel J and Davids Janet G
Bought by
Davids Daniel J

Purchase Details

Closed on
Mar 9, 1994
Sold by
Turk Tim and Turk Claudette
Bought by
Davids Daniel J and Davids Janet G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
4%
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
Kathleen M Swan Revocable Trust -- Chicago Title Company
Kathleen M Swan Revocable Trust -- Chicago Title Company
Swan Kathleen M -- None Available
Winterhalder Kathleen Swan $1,765,000 Progressive Title
Darcy Shawn D -- None Available
Maple Triplex Llc -- None Available
Maple Triplex Llc -- None Available
Darcy Shawn D -- None Available
Maple Triplex Llc -- None Available
Darcy Shawn D $1,260,000 Chicago Title Co
Reinagel Charles J $585,000 Chicago Title Co
Davids Daniel J -- --
Davids Daniel J -- --
Davids Daniel J -- --
Davids Daniel J $285,000 Title Land Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kathleen M Swan Revocable Trust $1,057,000
Closed Kathleen M Swan Revocable Trust $1,057,000
Previous Owner Winterhalder Kathleen Swan $1,160,000
Previous Owner Maple Triplex Llc $950,000
Previous Owner Darcy Shawn D $1,000,000
Previous Owner Reinagel Charles J $468,000
Previous Owner Davids Daniel J $228,000
Closed Reinagel Charles J $58,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/07/2015 04/07/15 Sold $1,765,000 -7.1% $1,342 / Sq Ft
02/10/2015 02/10/15 Pending -- -- --
01/24/2015 01/24/15 For Sale $1,899,000 -- $1,444 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $23,981 $2,121,260 $1,880,893 $240,367
2024 $23,981 $2,079,667 $1,844,013 $235,654
2023 $23,337 $2,038,890 $1,807,856 $231,034
2022 $22,938 $1,998,912 $1,772,408 $226,504
2021 $22,609 $1,959,718 $1,737,655 $222,063
2019 $22,006 $1,901,854 $1,686,116 $215,738
2018 $21,563 $1,864,568 $1,653,055 $211,513
2016 $20,063 $1,791,916 $1,588,866 $203,050
2015 $15,430 $1,377,067 $1,311,496 $65,571
2014 -- $1,350,093 $1,285,806 $64,287
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB15018341

California Regional Multiple Listing Service (CRMLS)

APN: 4173-021-012