NOT LISTED FOR SALE

3040 Exposition Blvd Santa Monica, CA 90404

Pico Neighborhood

Estimated Value: $1,469,000 - $1,830,000

4 Beds
4 Baths
2,340 Sq Ft
$719/Sq Ft Est. Value

Last Sold August 18, 2023

Last sale price $1,600,000 $684 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $10,473/month

36 Days on Market

Highlights

  • 4 Car Garage
  • Ceiling Fan
  • 4-minute walk to Ishihara Park
  • Edison Language Academy Rated A+

About This Home

As of August 2023

Excellent investment opportunity four-unit building in Santa Monica. 1 unit vacant, perfect for owner user or to establish market rent. All four units are 1 bed + 1 bath floorplan, two units on the ground level and two on the second level. Building features on site laundry, outdoor common space and two 2 car garages that are accessible from the alley and ample street parking. Outstanding location near 10 fwy and 405 fwy, two Expo Stations (Bundy & Bergamot), Bergamot Station Art Gallery, Ishihara & Gandara Parks, Corporate Offices: Riot Games, etc and the trendiest shops and restaurants! Please do not disturb tenants.

Last Agent to Sell the Property

Julia McKinney

Compass License #02081636 Listed on: 06/01/2023

Compass

Last Buyer's Agent

Daniel Pickart

Newmark Estates License #01914551

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 5,006

Parking

  • 4 Car Garage
  • On-Street Parking

Interior Spaces

  • 2,340 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Additional Features

  • 5,006 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 4268-023-008

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

5,006 Sq Ft Lot

Parking

4

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2340
  • Lot Acreage: 0.1149
  • Stories: 2
  • Year Built: 1959
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 705.13

Exterior Features

  • Other Structures: None

Garage/Parking

  • Garage Spaces: 4
  • Covered Parking: 4
  • Garage Structures: 2
  • Parking Garage: Garage Is Detached, On street
  • Total Parking: 4

Utilities

  • Cooling: Ceiling Fan
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 17.70
  • Assessed Improvement Value: 226002
  • Assessed Land Percent: 82.3
  • Assessed Land Value: 1051178
  • Total Assessed Value: 1277180
  • Assessor Parcel Number: 4268-023-008
  • Lot Size Area: 5006

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 25.49
  • Number Of Units: 4
  • Type Of Units: .

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2023
Closed on
Oct 10, 2023
Sold by
Montalba Living Trust
Bought by
3040 Expo Llc
Seller's Agent
Julia McKinney
Compass
Buyer's Agent
Daniel Pickart
Newmark Estates
List Price
$1,650,000
Sold Price
$1,600,000
Premium/Discount to List
-$50,000
-3.03%
Views
60
Current Estimated Value
$1,682,400

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,400
Avg. Annual Appreciation
1.96%

Purchase Details

Listed on
Jun 1, 2023
Closed on
Aug 15, 2023
Sold by
Chen Jay Zhuo
Bought by
Chang Jennifer
Seller's Agent
Julia McKinney
Compass
Buyer's Agent
Daniel Pickart
Newmark Estates
List Price
$1,650,000
Sold Price
$1,600,000
Premium/Discount to List
-$50,000
-3.03%
Views
60

Purchase Details

Listed on
Apr 13, 2018
Closed on
Jun 12, 2018
Sold by
Wolf Frederick George
Bought by
Chang Jennifer
Seller's Agent
Michael Tootikian
No Firm Affiliation
Buyer's Agent
Kristine Ng
COMPASS
List Price
$1,350,000
Sold Price
$1,215,000
Premium/Discount to List
-$135,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.57%
Original Mortgage
$602,452
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 23, 2018
Sold by
Nanavim Steven
Bought by
Wolf Frederick George and Wolf Family Trust

Purchase Details

Listed on
Jul 20, 2016
Closed on
Aug 17, 2016
Sold by
Hovey Carl
Bought by
Wolf Frederick George and Wolf Sheryl Louise
Seller's Agent
Carrie Larson
Carrie Larson Realty, Inc.
Buyer's Agent
Carrie Larson
Carrie Larson Realty, Inc.
List Price
$1,350,000
Sold Price
$900,000
Premium/Discount to List
-$450,000
-33.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.77%

Purchase Details

Closed on
Jan 12, 2012
Sold by
Chang Jennifer
Bought by
Montalba Living Trust and Montalba

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
6.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 12, 2001
Sold by
Torres Sally
Bought by
Sally Torres 1997 Family Trust

Purchase Details

Closed on
Jun 3, 1999
Sold by
Larson Max W
Bought by
Larson Max W and Larson Dorothy L

Purchase Details

Closed on
Sep 9, 1998
Sold by
Dorothy Larson Trust Larson, Max W And Doroth
Bought by
Larson Max W and Larson Dorothy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
6.89%

Purchase Details

Closed on
Jul 31, 1997
Sold by
Larson Max W
Bought by
Larson Max W and Larson Dorothy L

Purchase Details

Closed on
Sep 18, 1996
Sold by
Larson Max W
Bought by
Larson Max W and Larson Dorothy L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
3040 Expo Llc -- None Listed On Document
Chang Jennifer -- Endpoint Title
Chang Jennifer $1,215,000 First American Title Insuran
Wolf Frederick George $21,000 None Available
Wolf Frederick George $900,000 Fatcola
Montalba Living Trust $1,600,000 Endpoint Title
Sally Torres 1997 Family Trust -- --
Larson Max W -- --
Larson Max W -- Benefit Land Title Company
Larson Max W -- --
Larson Max W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chang Jennifer $602,452
Previous Owner Montalba Living Trust $1,200,000
Previous Owner Larson Max W $152,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/18/2023 08/18/23 Sold $1,600,000 -3.0% $684 / Sq Ft
07/07/2023 07/07/23 Pending -- -- --
06/01/2023 06/01/23 For Sale $1,650,000 +35.8% $705 / Sq Ft
07/20/2018 07/20/18 Sold $1,215,000 -10.0% $519 / Sq Ft View Prior Sale
06/12/2018 06/12/18 Pending -- -- --
04/13/2018 04/13/18 For Sale $1,350,000 +50.0% $577 / Sq Ft
09/02/2016 09/02/16 Sold $900,000 -33.3% $385 / Sq Ft View Prior Sale
08/19/2016 08/19/16 Pending -- -- --
07/20/2016 07/20/16 For Sale $1,350,000 -- $577 / Sq Ft
Source: The MLS

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 $19,480 $1,632,000 $1,249,500 $382,500
2024 $19,480 $1,600,000 $1,225,000 $375,000
2023 $16,092 $1,302,723 $1,072,201 $230,522
2022 $15,885 $1,277,180 $1,051,178 $226,002
2021 $15,480 $1,252,138 $1,030,567 $221,571
2019 $15,215 $1,215,000 $1,000,000 $215,000
2018 $11,205 $918,000 $765,000 $153,000
2016 $1,713 $84,452 $31,248 $53,204
2015 $1,687 $83,184 $30,779 $52,405
2014 $1,704 $81,556 $30,177 $51,379
Source: Public Records

Agents Affiliated with this Home

  • Julia McKinney

    Seller's Agent in 2023

    Julia McKinney

    Compass

    (310) 858-6800

    2 in this area

    24 Total Sales

    Julia McKinney
    Section Image
  • Daniel Pickart

    Buyer's Agent in 2023

    Daniel Pickart

    Newmark Estates

    (310) 407-6515

    1 in this area

    8 Total Sales

    Daniel Pickart
    Section Image

  • M

    Seller's Agent in 2018

    Michael Tootikian

    No Firm Affiliation

    Section Image
  • Kristine Ng

    Buyer's Agent in 2018

    Kristine Ng

    COMPASS

    (213) 400-7383

    42 Total Sales

    Kristine Ng
    Section Image
  • Carrie Larson

    Seller's Agent in 2016

    Carrie Larson

    Carrie Larson Realty, Inc.

    (661) 722-2422

    25 Total Sales

    Carrie Larson
    Section Image
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Map

Source: The MLS

MLS Number: 23-275035

The MLS

APN: 4268-023-008

California Los Angeles County Santa Monica 90404 Pico

3040 Exposition Blvd, Santa Monica, CA

Not Listed for Sale

MultiFamily

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