NOT LISTED FOR SALE

2807 Manhattan Ave Manhattan Beach, CA 90266

Estimated Value: $4,460,000 - $6,077,039

7 Beds
4 Baths
3,153 Sq Ft
$1,629/Sq Ft Est. Value

Last Sold August 26, 2016

Last sale price $4,000,000 $1,269 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $31,174/month

29 Days on Market

About This Home

As of August 2016

Amazing location with Ocean view for a buildable 45' by 60' lot. Existing Triplex located 3 lots from The Strand. Fantastic Development opportunity to build your Ocean view Dream Home. This is a 2,703 sq. ft. High Density lot. Keep as a Triplex now to potentially build later. First time on the Market in over 35 years.

Last Agent to Sell the Property

Michael Millea

Lyon Stahl Investment Real Estate, Inc. License #01069014 Listed on: 05/03/2016

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Michael Millea

Lyon Stahl Investment Real Estate, Inc. License #01069014 Listed on: 05/03/2016

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 2,703 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls

Parking

  • 2 Car Garage

Home Design

  • 3,153 Sq Ft Home

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Utilities

  • Underground Utilities

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 1, 2
  • Tax Tract Number 6203
  • Assessor Parcel Number 4176029020

Community Details

Overview

  • 3 Units

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $300
  • Insurance Expense $1,800
  • Trash Expense $600
  • Water Sewer Expense $600
  • New Taxes Expense $43,520
  • Gross Income $8,200
  • Net Operating Income $51,280

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
  • Water Sewer Expenses: 600.00
  • Property Type: Residential Income
  • Parcel Number: 4176029020
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 1268.63

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected, Underground Utilities
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 2703.00
  • Price Per Lot Square Foot: 1479.84

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 300.00
  • Gross Income: 8200.00
  • Gross Scheduled Income: 98400.00
  • Insurance Expense: 1800.00
  • Net Operating Income: 51280.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Operating Expense: 47120.00
  • Rent Control: No
  • Total Actual Rent: 8200.00

Tax Info

  • New Taxes Expense: 43520.00
  • Tax Area: 6-174
  • Tax Lot: 1, 2
  • Tax Tract Number: 6203

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
08/26/2016 08/26/16 Sold $4,000,000 0.0% $1,269 / Sq Ft
06/01/2016 06/01/16 Pending -- -- --
05/03/2016 05/03/16 For Sale $3,999,900 -- $1,269 / 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 $51,712 $4,642,338 $3,667,449 $974,889
2024 $51,712 $4,551,313 $3,595,539 $955,774
2023 $50,396 $4,462,073 $3,525,039 $937,034
2022 $49,520 $4,374,582 $3,455,921 $918,661
2021 $48,650 $4,288,807 $3,388,158 $900,649
2019 $47,335 $4,161,600 $3,287,664 $873,936
2018 $46,428 $4,080,000 $3,223,200 $856,800
2016 $4,675 $380,536 $192,613 $187,923
2015 $4,584 $374,821 $189,720 $185,101
2014 $4,543 $367,480 $186,004 $181,476
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16093798

California Regional Multiple Listing Service (CRMLS)

APN: 4176-029-020