NOT LISTED FOR SALE

Estimated Value: $3,392,000 - $10,685,438

5 Beds
5 Baths
2,400 Sq Ft
$3,050/Sq Ft Est. Value

Last Sold December 18, 2015

Last sale price $7,300,000 $3,042 Per Sq Ft

Current estimated payment $47,789/month

37 Days on Market

Highlights

  • Ocean Front
  • Attached Guest House
  • Fireplace in Primary Bedroom
  • Webster Elementary School Rated A
  • Home Theater
  • Wood Flooring

About This Home

As of December 2015

Opportunity on Malibu Road, located on one of the best sections of the beach. The property is zoned for 4 units with 3 addresses;
Buyer to verify. There are 2 separate ocean view 1B/1B units with kitchens, fireplaces, high-beamed ceilings and private decks. The
main house has a massive wrap-around upper deck with a built-in BBQ and a lower deck under the house. High-beamed wood ceilings
and fireplaces in the great room and master bedroom. Updated kitchen and bathrooms. Hardwood floors throughout. 2 bonus/media
rooms that could be additional bedrooms.4 car garage plus 4 more parking spaces. Presently bringing in about $35K in monthly income.

Last Agent to Sell the Property

David Friedman

Rodeo Realty License #00867551 Listed on: 08/19/2015

Rodeo Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $98,602

Year Built

  • Built in 1954

Lot Details

  • 7,861 Sq Ft Lot
  • Ocean Front
  • Property fronts an alley

Parking

  • 4 Car Attached Garage

Property Views

  • White Water Ocean
  • Coastline
  • Panoramic

Home Design

  • Asphalt Roof

Interior Spaces

  • 2,400 Sq Ft Home
  • Ceiling Fan
  • Free Standing Fireplace
  • Entryway
  • Great Room with Fireplace
  • Family Room
  • Dining Room
  • Home Theater
  • Sun or Florida Room
  • Laundry Room

Kitchen

  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • 5 Full Bathrooms

Outdoor Features

  • Enclosed Patio or Porch
  • Exterior Lighting

Additional Homes

  • Attached Guest House
  • Fireplace in Guest House

Utilities

  • No Heating
  • Conventional Septic

Community Details

  • No Home Owners Association
  • Laundry Facilities

Listing and Financial Details

  • Tax Lot 27
  • Tax Tract Number 12939
  • Assessor Parcel Number 4459016009

Home Details

Home Type

Single Family

Est. Annual Taxes

$98,602

Year Built

Built in 1954

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: Alley
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 4459016009
  • Year Built: 1954
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2400.00
  • Interior Amenities: Ceiling Fan(s), Granite Counters
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 5
  • Full And Three Quarter Bathrooms: 5
  • Total Bedrooms: 5
  • Eating Area: Dining Room
  • Fireplace Features: Free Standing, Guest House, Great Room, Master Bedroom
  • Levels: Two
  • Price Per Square Foot: 3041.67
  • Room Type: Entry, Family Room, Great Room, Sun, Home Theatre
  • Room Kitchen Features: Kitchen Island

Exterior Features

  • Patio: Yes
  • Other Structures: Guest House, Guest House Attached
  • View: Coastline, Panoramic, White Water
  • Patio And Porch Features: Enclosed
  • Pool Private: No
  • Roof: Asphalt

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal
  • Laundry Features: Common Area, Individual Room
  • Sewer: Conventional Septic
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Lot Size Sq Ft: 7861.00
  • Price Per Lot Square Foot: 928.64
  • Lot Size Acres: 0.1800

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7861.0000 Square Feet
  • Number Of Units In Community: 3
  • Number Of Units Total: 3
  • Waterfront Features: Ocean Front

Tax Info

  • Tax Lot: 27
  • Tax Tract Number: 12939

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 23, 2015
Sold by
Pro Value Properties Inc
Bought by
The Early Hours Llc
Current Estimated Value
$7,319,146

Purchase Details

Closed on
May 22, 2014
Sold by
Aflalo Solomon
Bought by
Pro Value Properties Inc

Purchase Details

Closed on
May 10, 2006
Sold by
Aflalo Solomon
Bought by
Aflalo Solomon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,999,999
Interest Rate
6.52%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 25, 2005
Sold by
Aflalo Solomon
Bought by
Aflalo Solomon and The Solomon Aflalo & Renee E Labossiere

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,990,000
Interest Rate
1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 16, 1997
Sold by
Dinow Sidney H Tr Sidney H Dinow Trust
Bought by
Dinow Cheryl and The Cheryl Dinow Living Trust
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
The Early Hours Llc $7,300,000 Fidelity National Title Co
Pro Value Properties Inc -- None Available
Aflalo Solomon -- First Southwestern Title
Aflalo Solomon -- First Southwestern Title
Aflalo Solomon -- --
Dinow Cheryl -- Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open The Early Hours Llc $4,953,650
Previous Owner Aflalo Solomon $425,000
Previous Owner Aflalo Solomon $2,999,999
Previous Owner Aflalo Solomon $2,990,000
Previous Owner Aflalo Solomon $460,000
Previous Owner Aflalo Solomon $275,000
Previous Owner Aflalo Solomon $2,160,000
Previous Owner Aflalo Solomon $125,000
Previous Owner Aflalo Solomon $25,000
Previous Owner Aflalo Solomon $997,000
Previous Owner Aflalo Solomon $199,999
Previous Owner Aflalo Solomon $165,000
Previous Owner Aflalo Solomon $210,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2015 12/18/15 Sold $7,300,000 -2.6% $3,042 / Sq Ft
09/25/2015 09/25/15 Pending -- -- --
08/19/2015 08/19/15 For Sale $7,495,000 -- $3,123 / 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 $98,602 $8,641,713 $7,818,386 $823,327
2024 $98,602 $8,472,269 $7,665,085 $807,184
2023 $96,849 $8,306,147 $7,514,790 $791,357
2022 $95,689 $8,143,283 $7,367,442 $775,841
2021 $93,569 $7,983,612 $7,222,983 $760,629
2019 $91,773 $7,746,816 $7,008,747 $738,069
2018 $87,230 $7,594,919 $6,871,321 $723,598
2016 $84,167 $7,300,000 $6,604,500 $695,500
2015 $140,254 $12,239,760 $11,729,770 $509,990
2014 $16,572 $1,328,611 $1,062,895 $265,716
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR15183958

California Regional Multiple Listing Service (CRMLS)

APN: 4459-016-009