$1,500,000
$500K PRICE DROP

Estimated payment $8,786/month

Total Views 153
6 Beds
4 Baths
3,278 Sq Ft
$458 Price per Sq Ft

Highlights

  • Wood Flooring
  • Parking Storage or Cabinetry
  • 4 Car Garage
  • Richland Avenue Elementary Rated A-

About This Home

Priced to Sell NOW with an amazing 500k price reduction! First time on the market in 30 years! 4-Unit apartment building in a Prime location, Santa Monica/Sunset Park adjacent. Development opportunity or great for owner/user with 1 unit vacant. Wonderful corner lot with deep setback in park-like setting. Coveted residential and multi-unit combined neighborhood.

Listing Agent

Christian Arbid

Power Brokers License #01268376 Listed on: 08/26/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,355

Year Built

  • Built in 1951

Lot Details

  • 5,308 Sq Ft Lot
  • Front Yard Sprinklers
  • Manual Sprinklers System

Parking

  • 4 Car Garage
  • Parking Storage or Cabinetry
  • Garage Door Opener
  • Assigned Parking

Home Design

  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 3,278 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Disposal

Flooring

  • Wood
  • Carpet
  • Linoleum
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 4257-007-055

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,355

Year Built

Built in 1951

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 3278
  • Lot Acreage: 0.1219
  • Probate: No
  • Year Built: 1951
  • Number Of Photos: 4
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Flooring: Mixed, Hardwood, Carpet, Linoleum, Ceramic Tile
  • Bedrooms: 6
  • Total Bathrooms: 4.00
  • Equipment: Garbage Disposal, Range/Oven
  • Price Per S Q F T: 457.60

Exterior Features

  • Other Structures: None
  • Foundation Details: Raised
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4
  • Garage Structures: 2
  • Parking Garage: Assigned, Door Opener, Garage, Built-In Storage

Utilities

  • Cooling: Air Conditioning, Wall/Window
  • Heating: Wall

Lot Info

  • Sprinklers: Front, Manual
  • Assessed Improvement Percent: 12.02
  • Assessed Improvement Value: 67502
  • Assessed Land Percent: 87.98
  • Assessed Land Value: 494021
  • Total Assessed Value: 561523
  • Assessor Parcel Number: 4257-007-055
  • Lot Size Area: 5308

Rental Info

  • Owner Pays: Water, Gardener
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 19.00
  • Number Of Units: 4
  • Total Annual Expense: 1380
  • Type Of Units: APARTMENT
  • Vacancy Rate: 1

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $7,355 $572,753 $503,901 $68,852
2024 $7,355 $561,523 $494,021 $67,502
2023 $7,225 $550,514 $484,335 $66,179
2022 $6,910 $539,721 $474,839 $64,882
2021 $6,810 $529,139 $465,529 $63,610
2019 $6,617 $513,646 $451,722 $61,924
2018 $6,531 $503,579 $442,865 $60,714
2016 $6,228 $483,834 $425,669 $58,165
2015 $6,142 $476,568 $419,276 $57,292
2014 $6,188 $467,233 $411,063 $56,170
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2025 08/26/25 For Sale $1,500,000 0.0% $458 / Sq Ft
08/24/2025 08/24/25 Pending -- -- --
08/23/2025 08/23/25 Price Changed $1,500,000 -14.3% $458 / Sq Ft
08/17/2025 08/17/25 Price Changed $1,750,000 -12.5% $534 / Sq Ft
07/11/2025 07/11/25 For Sale $2,000,000 -- $610 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- Equity Title Los Angeles
Grant Deed -- None Available
Grant Deed $341,000 Gateway Title Company
Grant Deed $305,000 Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $665,000 New Conventional
Closed $600,000 New Conventional
Closed $645,300 New Conventional
Previous Owner $456,400 Unknown
Previous Owner $455,000 Unknown
Previous Owner $255,200 Unknown
Previous Owner $255,750 No Value Available
Previous Owner $228,750 No Value Available
Source: Public Records

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Source: The MLS

MLS Number: 25563735

The MLS

APN: 4257-007-055