B
Seller's Agent in 2024
Bobby Sillman
Lyon Stahl Investment Real Estate, Inc.
(310) 230-5478
1 in this area
11 Total Sales
2639 Highland Ave Santa Monica, CA 90405
Ocean Park NeighborhoodEstimated Value: $1,638,000 - $1,761,000
5
Beds
3
Baths
1,647
Sq Ft
$1,023/Sq Ft
Est. Value
Highlights
- Mountain View
- Wood Flooring
- Floor Furnace
- John Muir Elementary School Rated A
- No HOA
- 2 Car Garage
About This Home
As of June 2024First time on the market in 46 years, 2639-2643 Highland Avenue is a charming and unique corner lot property comprised of three detached, bungalow-style residences! With (1) 1Bed+1Bath front house, (1) 2Bed+1Bath middle house, and (1) VACANT 2Bed+1Bath back house, this is the perfect opportunity for an owner-user or investor looking for a prime Ocean Park asset. Additionally, there is a bonus room + bathroom that could double as a bedroom, art studio, gym, or office with the potential to be connected to the upstairs owner's unit or legalized as a rental unit using the ADU law. Sitting on a 4,288 square foot corner lot with lush greenery and an ocean breeze, each house features a separate entrance and a private deck, yard, or patio. There are also (2) single-car garages, one of which to be delivered VACANT. Located in the Ocean Park neighborhood just blocks from the beach, Ocean View Park, and Main St, and only a short walk to Rose Ave and Abbot Kinney in Venice, this property is centrally located near some of the most highly rated shops, dining, and entertainment venues. ATTENTION: Owner-occupied triplexes can qualify for a temporary use exemption from Santa Monica's rent control law. Properties like this rarely become available! See supplements for OM.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. Brokerage Email: bobby@lyonstahl.com License #02145409 Listed on: 05/09/2024
Co-Listed By
Lyon Stahl Investment Real Estate, Inc. Brokerage Email: bobby@lyonstahl.com License #02035763
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,271
Year Built
- Built in 1913
Lot Details
- 4,288 Sq Ft Lot
- Property fronts an alley
- No Common Walls
- Density is up to 1 Unit/Acre
Parking
- 2 Car Garage
- Parking Available
- Rear-Facing Garage
Property Views
- Mountain
- Neighborhood
Home Design
- Triplex
- Split Level Home
- Entry on the 1st floor
Interior Spaces
- 1,647 Sq Ft Home
- 2-Story Property
- Wood Flooring
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Utilities
- Floor Furnace
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 13
- Tax Tract Number 8604
- Assessor Parcel Number 4287015005
- $853 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 3 Units
Recreation
- Bike Trail
Building Details
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $30,041
- Gross Income $110,592
- Net Operating Income $77,234
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 9, 2024
Closed on
Jun 14, 2024
Sold by
Leland Judith E
Bought by
Ramalingam-Andres Family Living Trust and Ramalingam
Seller's Agent
Bobby Sillman
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Melanie Sommers
Compass
List Price
$1,600,000
Sold Price
$1,588,000
Premium/Discount to List
-$12,000
-0.75%
Views
26
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,135
Avg. Annual Appreciation
4.99%
Original Mortgage
$1,088,000
Outstanding Balance
$1,076,198
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$608,937
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ramalingam-Andres Family Living Trust | $1,588,000 | Chicago Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ramalingam-Andres Family Living Trust | $1,088,000 | |
| Previous Owner | Leland Judith E | $200,000 | |
| Previous Owner | Leland Judith E | $100,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/21/2024 06/21/24 | Sold | $1,588,000 | -0.8% | $964 / Sq Ft |
| 05/23/2024 05/23/24 | Pending | -- | -- | -- |
| 05/09/2024 05/09/24 | For Sale | $1,600,000 | -- | $971 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $3,271 | $1,619,760 | $1,377,000 | $242,760 |
| 2024 | $3,271 | $215,350 | $149,870 | $65,480 |
| 2023 | $3,214 | $211,129 | $146,932 | $64,197 |
| 2022 | $3,154 | $206,990 | $144,051 | $62,939 |
| 2021 | $3,043 | $202,932 | $141,227 | $61,705 |
| 2020 | $3,018 | $200,852 | $139,779 | $61,073 |
| 2019 | $2,977 | $196,915 | $137,039 | $59,876 |
| 2018 | $2,811 | $193,054 | $134,352 | $58,702 |
| 2016 | $2,680 | $185,559 | $129,136 | $56,423 |
| 2015 | $2,641 | $182,773 | $127,197 | $55,576 |
| 2014 | $2,632 | $179,194 | $124,706 | $54,488 |
Source: Public Records
Agents Affiliated with this Home
-
Bobby Sillman
-
Cameron Samimi
Seller Co-Listing Agent in 2024
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
(310) 259-7556
4 in this area
187 Total Sales
-
Melanie Sommers
Buyer's Agent in 2024
Melanie Sommers
Compass
(310) 418-0343
4 in this area
86 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB24091715
APN: 4287-015-005
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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