$1,698,000
SOLD MAY 5, 2025
5 Beds
3 Baths
2,011 Sq Ft
6,362 Sq Ft Lot

Recently Sold

$844 Per Sq Ft

190 Days on Market

Highlights

  • Contemporary Architecture
  • Living Room with Fireplace
  • Park or Greenbelt View
  • Richland Avenue Elementary Rated A-
  • Main Floor Bedroom
  • Corner Lot

About This Home

As of May 2025

Here is an excellent investor/owner user/rental income triplex property located off Ocean Park Blvd bordering Santa Monica. This corner lot property has a separate standing front house that faces Ocean Park Blvd. - 3 Bedrooms, One Bath. (Note 3rd Bedroom in house converted garage - permit status unknown) Laminate flooring throughout the house, lots of natural light. Nice size gated private backyard separates 2nd Building which consists of two upper one bedroom, one bath units over 4 one-car garages. Garages offer additional rental income or ADU potential. Close by 10 Fwy access, schools, shopping and coffee shops/restaurants. This wonderful Santa Monica adjacent property offers a great upside potential or buy as is for immediate rental income. Sold As Is, Fully Tenant occupied, month to month leases. Seller will assist with concession for tenant relocation fees. Garage rents ($670) are included in gross rental amount.

Last Agent to Sell the Property

Thomas Hickey

Thomas Hickey License #01312830 Listed on: 07/13/2024

Last Buyer's Agent

Dominic Trott

Dominic Trott, Broker License #01905148

Dominic Trott, Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,037

Year Built

  • Built in 1954

Lot Details

  • 6,362 Sq Ft Lot
  • North Facing Home
  • Fenced Yard
  • Gated Home
  • Landscaped
  • Corner Lot
  • Back and Front Yard

Property Views

  • Park or Greenbelt
  • Courtyard

Home Design

  • Contemporary Architecture
  • Asbestos Shingle Roof
  • Stucco

Interior Spaces

  • 2,011 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Gas Fireplace
  • Blinds
  • Living Room with Fireplace
  • Fire and Smoke Detector

Kitchen

  • Galley Kitchen
  • Breakfast Area or Nook
  • Gas Oven
  • Tile Countertops

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • 3 Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Parking

  • 4 Car Attached Garage
  • 1 Open Parking Space

Outdoor Features

  • Balcony
  • Rain Gutters

Location

  • City Lot

Utilities

  • Floor Furnace
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater
  • Sewer in Street
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • The owner pays for gardener, water
  • Assessor Parcel Number 4257-007-041

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,037

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Contemporary
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: Yes
  • Living Area: 2011
  • Lot Acreage: 0.1461
  • Probate: No
  • Stories: 2
  • Year Built: 1954
  • Number Of Photos: 56
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Common Walls
  • Fireplace Rooms: Living Room, Gas
  • Flooring: Laminate, Carpet, Vinyl Sheet
  • Appliances: Oven-Gas
  • Bedrooms: 5
  • Bedroom Features: Main Floor Bedroom
  • Common Walls: Attached
  • Bathroom Features: Shower Over Tub
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Tile Counters, Galley Kitchen
  • Laundry: Laundry Area
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Built-Ins, Gas Or Electric Dryer Hookup, Range/Oven
  • Price Per S Q F T: 844.36
  • Windows: Window Blinds

Exterior Features

  • Direction Faces: North
  • Construction: Stucco
  • Other Features: Balcony, Two On A Lot, Rain Gutters
  • Other Structures: Other
  • Tennis Court Y/N: No
  • Paved: Yes
  • Pool: No
  • Roof: Asbestos Shingle
  • Spa Yn: No
  • View: Courtyard, Green Belt
  • View: Yes

Garage/Parking

  • Other Spaces: 1
  • Covered Parking: 4
  • Garage Structures: 4
  • Parking Garage: Private Garage, Garage Is Attached
  • Total Parking: 4

Utilities

  • TV Svcs: Cable TV
  • Water Heater: Gas
  • Heating: Floor Furnace, Wall
  • Security: Gated, Smoke Detector
  • Sewer: In Street
  • Water: Public
  • Water Expense: 2400.00
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 35.85
  • Assessed Improvement Value: 92912
  • Assessed Land Percent: 64.15
  • Assessed Land Value: 166281
  • Total Assessed Value: 259193
  • Assessor Parcel Number: 4257-007-041
  • Lot Description: Back Yard, Alley Paved, Fenced Yard, Front Yard, Curbs, Gutters, Landscaped
  • Lot Location: Alley Access, City, Corner Lot
  • Lot Size Area: 6362

Rental Info

  • Land Lease Type: Fee
  • Owner Pays: Gardener, Water
  • Rent Control: Yes
  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 21.83
  • Number Of Units: 3
  • Total Annual Expense: 3480
  • Type Of Units: residential
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 10, 2024
Sold by
Doty Rick D
Bought by
Albi Eileen Therese and Doty Eileen T
Current Estimated Value
$1,704,147

Purchase Details

Closed on
Sep 21, 2023
Sold by
Albi Family Trust and Albi Dennis Christopher
Bought by
Gst Trust and Albi

Purchase Details

Closed on
Oct 1, 1998
Sold by
Albi J Keith and Albi Cecelia L
Bought by
Albi J Keith and Albi Cecelia L

Purchase Details

Closed on
Oct 18, 1995
Sold by
Albi J Keith and The Katherine Elizabeth Lysigh
Bought by
Albi J Keith and Albi Cecelia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
7.48%
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 Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Deed Of Distribution -- None Listed On Document
Interfamily Deed Transfer -- --
Grant Deed $230,000 American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $184,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2025 05/05/25 Sold $1,698,000 0.0% $844 / Sq Ft
01/19/2025 01/19/25 Pending -- -- --
07/13/2024 07/13/24 For Sale $1,698,000 -- $844 / 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 $13,037 $1,066,506 $867,422 $199,084
2024 $13,037 $1,045,595 $850,414 $195,181
2023 $3,606 $259,193 $166,281 $92,912
2022 $3,457 $254,112 $163,021 $91,091
2021 $3,405 $249,130 $159,825 $89,305
2020 $3,434 $246,577 $158,187 $88,390
2019 $3,314 $241,743 $155,086 $86,657
2018 $3,229 $237,004 $152,046 $84,958
2016 $3,079 $227,803 $146,143 $81,660
2015 $3,039 $224,382 $143,948 $80,434
2014 $3,071 $219,988 $141,129 $78,859
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-415005

The MLS

APN: 4257-007-041