$1,119,000 - $1,349,000
RENTED SEP 6, 2024

2940 Neilson Way Unit 302 Santa Monica, CA 90405

Ocean Park Neighborhood
1 Bed
1.5 Baths
1,081 Sq Ft
3.08 Acres

Last Sold June 18, 2021

Last sale price $1,145,000 $1,059 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $7,936/month

Highlights

  • Beach Front
  • Ocean View
  • Fitness Center
  • John Muir Elementary School Rated A
  • Property has ocean access
  • 3-minute walk to South Beach Park

About This Home

As of September 2024

Negotiable lease term. Furniture can be provided. Ocean view/ocean facing condo in premier beachfront location. Fully renovated with the finest materials. Sleep to the sound of waves crashing, wake up to the sight of the ocean. Feel the ocean breeze from your living room, watch the sunset from your couch. Walk out the side gate and you’re at the beach, walk out the lobby and you’re at the coffee shop and restaurants. Exercise using the on-site gym, hop in a dry sauna, sit in the hot tub. Entertain your guests by the pool and in the adjacent party room. Multiple gardens throughout, 24 hour security, free guest parking, and more. This unit has been fully renovated and everything in it is brand new. Real wood flooring, stone countertops, custom-built soaking tub with shower, highest quality custom cabinets, top of the line central air/heat, brand new appliances including in-unit washer/dryer, matching fixtures and hardware, recessed lighting, remote control blinds, and more. Come see for yourself and enjoy living in luxury at one of the best locations in the world. Unit includes two reserved parking spaces in gated subterranean garage and two reserved bike spaces in the bike room.

Last Agent to Rent the Property

Justin Cusumano

Lee & Associates Brokerage Email: jcusumano@lee-re.com License #01900637 Listed on: 07/16/2024

Last Renter's Agent

NoEmail NoEmail

None MRML License #N/A

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $14,588

Year Built

  • Built in 1980

Lot Details

  • Beach Front
  • Two or More Common Walls

Parking

  • 2 Car Direct Access Garage
  • Attached Carport
  • Parking Storage or Cabinetry
  • Parking Available
  • Side by Side Parking
  • Auto Driveway Gate
  • Guest Parking
  • Parking Lot
  • Assigned Parking
  • Guarded Parking
  • Community Parking Structure

Property Views

  • Ocean
  • Coastline

Interior Spaces

  • 1,081 Sq Ft Home
  • 4-Story Property
  • Open Floorplan
  • Furniture Can Be Negotiated
  • Wired For Data
  • Built-In Features
  • Recessed Lighting
  • Fireplace
  • Double Pane Windows
  • Custom Window Coverings
  • Living Room
  • Home Office
  • Recreation Room
  • Storage
  • Sauna
  • Wood Flooring

Kitchen

  • Updated Kitchen
  • Breakfast Bar
  • Self-Cleaning Convection Oven
  • Microwave
  • Water Line To Refrigerator
  • Dishwasher
  • Quartz Countertops
  • Self-Closing Drawers and Cabinet Doors
  • Disposal

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • Walk-In Closet
  • Remodeled Bathroom
  • Quartz Bathroom Countertops
  • Stone Bathroom Countertops
  • Private Water Closet
  • Soaking Tub
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Security Lights

Pool

  • Heated Spa
  • Heated Pool
  • Above Ground Spa

Outdoor Features

  • Property has ocean access
  • Living Room Balcony
  • Exterior Lighting
  • Outdoor Grill

Location

  • Urban Location

Utilities

  • Central Heating and Cooling System
  • Central Water Heater

Listing and Financial Details

  • Security Deposit $6,000
  • Rent includes association dues, gardener, gas, pool, sewer, trash collection, water
  • Available 8/23/24
  • Tax Lot 2
  • Tax Tract Number 34110
  • Assessor Parcel Number 4288020155

Community Details

Overview

  • Property has a Home Owners Association
  • Front Yard Maintenance
  • 144 Units
  • Sea Colony Ii Association, Phone Number (310) 392-8877
  • Pmp Management HOA

Amenities

  • Community Barbecue Grill
  • Sauna
  • Trash Chute

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa
  • Park
  • Dog Park
  • Water Sports
  • Bike Trail

Pet Policy

  • Limit on the number of pets
  • Pet Size Limit
  • Pet Deposit $500
  • Dogs and Cats Allowed

Security

  • 24-Hour Security
  • Resident Manager or Management On Site
  • Card or Code Access
  • Fire Sprinkler System

Condo Details

Home Type

Condominium

Est. Annual Taxes

$14,588

Year Built

Built in 1980

Lot Details

0

Parking

2

Rental Info

  • Cashiers Check: 1ST Month Rent, Pet Deposit, Security Deposit
  • Available Date: 2024-08-23
  • Credit Check Paid By: Owner
  • Deposit Key: 100
  • Deposit Pets: 500
  • Deposit Security: 6000
  • Furnished: Negotiable
  • Pets Allowed: Call, Cats OK, Dogs OK, Number Limit, Size Limit
  • Transfer Fee Paid By: Owner

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Other Phone Number: 8186323554
  • Property Attached: Yes
  • Security: 24 Hour Security, Gated with Attendant, Automatic Gate, Card/Code Access, Closed Circuit Camera(s), Fire Sprinkler System, Gated Community, Gated with Guard, Guarded, Resident Manager, Security Lights, Security System
  • View: Yes
  • Zoning: SMOP4*
  • Property Sub Type: Condominium
  • Property Type: Residential Lease
  • Parcel Number: 4288020155
  • Year Built: 1980
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1081.00 Square Feet
  • Interior Amenities: Balcony, Built-in Features, Elevator, Living Room Balcony, Open Floorplan, Quartz Counters, Recessed Lighting, Stone Counters, Storage, Trash Chute, Wired for Data
  • Stories: 4
  • Entry Location: Ground level
  • Common Walls: 2+ Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 1
  • Eating Area: Breakfast Counter / Bar
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 5.55
  • Room Type: Kitchen, Laundry, Living Room, Office, Recreation, Walk-In Closet
  • Spa Features: Above Ground, Heated
  • Window Features: Custom Covering, Double Pane Windows
  • Bathroom Features: Bathtub, Shower In Tub, Privacy Toilet Door, Quartz Counters, Remodeled, Soaking Tub, Stone Counters
  • Room Kitchen Features: Quartz Counters, Remodeled Kitchen, Self-Closing Cabinet Doors, Self-Closing Drawers, Stone Counters

Exterior Features

  • Other Structures: Sauna Private
  • Exterior Features: Barbecue Private
  • View: Coastline, Ocean
  • Pool Features: Private, Association, Heated
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Auto Driveway Gate, Built-In Storage, Attached Carport, Community Structure, Covered, Direct Garage Access, Gated, Guarded, Guest, On Site, Parking Space, Private, Side by Side
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Convection Oven, Dishwasher, Disposal, Microwave, Self Cleaning Oven, Water Heater Central, Water Line to Refrigerator
  • Heating Type: Central
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Sauna, Barbecue, Gym/Ex Room, Guard, Maintenance Front Yard
  • Association Name: Sea Colony II
  • Phone: (310) 392-8877
  • Senior Community: No
  • Community Features: Biking, Dog Park, Park, Watersports, Sidewalks, Storm Drains, Street Lights, Urban
  • Association Management: PMP Management

Schools

  • School District: Santa Monica-Malibu Unified

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 134111.00
  • Lot Size Acres: 3.0788
  • Latitude Manual: 33.99817100

Multi Family

  • Insurance Water Furniture: Yes
  • Lot Size Area: 134111.0000 Square Feet
  • Number Of Units In Community: 144
  • Number Of Units Total: 1
  • Rent Includes: Association Dues, Gardener, Gas, Pool, Sewer, Trash Collection, Water
  • Waterfront Features: Beach Access, Beach Front, Ocean Access, Ocean Front

Tax Info

  • Tax Census Tract: 7021.02
  • Tax Lot: 2
  • Tax Tract Number: 34110

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 5, 2021
Sold by
Cusumano Justin Daniel
Bought by
Cusumano Justin and Justin Cusumano Living Trust
Current Estimated Value
$1,233,283

Purchase Details

Listed on
Apr 29, 2021
Closed on
May 24, 2021
Sold by
Nicholson Stephen A and Nicholson Carol E
Bought by
Cusumano Justin Daniel
Seller's Agent
Randi Pollock
Equity Union
Buyer's Agent
Randi Pollock
Equity Union
List Price
$1,150,000
Sold Price
$1,145,000
Premium/Discount to List
-$5,000
-0.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.80%
Original Mortgage
$850,000
Outstanding Balance
$771,243
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$462,040
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Cusumano Justin -- None Available
Cusumano Justin Daniel $1,145,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cusumano Justin Daniel $850,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2024 09/06/24 Rented $6,000 0.0% --
08/19/2024 08/19/24 For Rent $6,000 0.0% --
08/18/2024 08/18/24 Off Market $6,000 -- --
08/05/2024 08/05/24 Price Changed $6,000 -7.7% $6 / Sq Ft
07/29/2024 07/29/24 Price Changed $6,500 -7.1% $6 / Sq Ft
07/16/2024 07/16/24 For Rent $7,000 0.0% --
06/18/2021 06/18/21 Sold $1,145,000 -0.4% $1,059 / Sq Ft
05/17/2021 05/17/21 Pending -- -- --
04/29/2021 04/29/21 For Sale $1,150,000 0.0% $1,064 / Sq Ft
03/04/2014 03/04/14 Rented $3,700 0.0% --
02/21/2014 02/21/14 Under Contract -- -- --
10/29/2013 10/29/13 For Rent $3,700 -- --
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 $14,588 $1,239,382 $934,679 $304,703
2024 $14,588 $1,215,081 $916,352 $298,729
2023 $14,351 $1,191,257 $898,385 $292,872
2022 $14,166 $1,167,900 $880,770 $287,130
2021 $5,258 $402,234 $200,313 $201,921
2020 $5,220 $398,111 $198,260 $199,851
2019 $5,160 $390,306 $194,373 $195,933
2018 $4,867 $382,654 $190,562 $192,092
2016 $4,676 $367,797 $183,163 $184,634
2015 $4,613 $362,273 $180,412 $181,861
2014 $4,559 $355,177 $176,878 $178,299
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR24146283

California Regional Multiple Listing Service (CRMLS)

APN: 4288-020-155