NOT LISTED FOR SALE

Estimated Value: $1,894,000 - $2,230,682

2 Beds
2 Baths
1,175 Sq Ft
$1,749/Sq Ft Est. Value

Last Sold April 30, 2024

Last sale price $1,800,000 $1,532 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $11,808/month

Highlights

  • Property is near public transit
  • Laundry Room
  • Wall Furnace
  • Grand View Elementary School Rated A
  • Brick Driveway

About This Home

As of April 2024

What a great spot. Located between Sloopy's and Pancho's and just 3 short blocks to the beach. Life is good! 1/2 lot duplex is on the market for the first time since the 80's. Nice size studio (approx. 425 sq. ft.) with private full bath, 2 closets and ample galley kitchen with a parking spot right outside the unit. The partial ocean view upstairs 2 bedroom - 1 full bath (approx. 750 sq. ft.) has a single car garage with opener plus driveway parking. Common laundry/utility room with owner provided stacked washer/dryer. Individual hot water heaters. There is a nice common area patio behind the unit, bike storage plus enclosed storage room. Wonderful North Manhattan Beach location, on a wide full street, that is walking distance to everything. Lowest priced duplex on the market. Hurry, this will not last long.

Last Agent to Sell the Property

Ted Dodd

Haynes Real Estate Brokerage Phone: 310-490-9189 License #00756734 Listed on: 03/20/2024

Last Buyer's Agent

Gillan Abercrombie

COMPASS License #01348441

COMPASS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1941

Lot Details

  • 1,352 Sq Ft Lot
  • 1 Common Wall
  • Value in Land

Parking

  • 1 Car Garage
  • Parking Available
  • Single Garage Door
  • Brick Driveway
  • Parking Lot

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 1,175 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Location

  • Property is near public transit

Utilities

  • Wall Furnace
  • Overhead Utilities
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 4 / 51
  • Tax Tract Number 3427
  • Assessor Parcel Number 4175018004
  • $484 per year additional tax assessments

Community Details

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,228
  • Trash Expense $1,121
  • Operating Expense $28,699
  • Gross Income $62,040
  • Net Operating Income $33,341

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1941

Lot Details

0

Parking

1

Listing Details

  • Property Attached: Yes
  • Zoning: MNRM
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 4175018004
  • Year Built: 1941
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Price Per Square Foot: 1531.91
  • Room Type: Laundry

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Driveway, Driveway - Brick, Garage - Single Door, Parking Space
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 1121.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit, Utilities - Overhead, Value In Land
  • Lot Size Sq Ft: 1352.00
  • Lot Size Acres: 0.0310

Multi Family

  • Gross Income: 62040.00
  • Gross Scheduled Income: 62040.00
  • Insurance Expense: 1228.00
  • Lot Size Area: 1352.0000 Square Feet
  • Net Operating Income: 33341.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Disposal: 2
  • Number With Patio: 1
  • Number With Range: 1
  • Number With Refrigerator: 2
  • Operating Expense: 28699.00
  • Rent Control: Yes
  • Total Expenses: 28699.00

Tax Info

  • Tax Block: 51
  • Tax Census Tract: 6203.05
  • Tax Lot: 4
  • Tax Tract Number: 3427
  • TaxOtherAnnualAssessmentAmount: 484.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2024
Closed on
Jun 28, 2024
Sold by
Frame Gregory H and Abercrombie Gillan
Bought by
Frame Family Trust and Frame
Seller's Agent
Ted Dodd
Haynes Real Estate
Buyer's Agent
Gillan Abercrombie
COMPASS
List Price
$1,795,000
Sold Price
$1,800,000
Premium/Discount to List
$5,000
0.28%
Views
9
Current Estimated Value
$1,969,700

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$169,700
Avg. Annual Appreciation
7.97%

Purchase Details

Listed on
Mar 20, 2024
Closed on
Apr 23, 2024
Sold by
Robsahm Living Trust and Robsahm Reid L
Bought by
Frame Gregory H and Abercrombie Gillan
Seller's Agent
Ted Dodd
Haynes Real Estate
Buyer's Agent
Gillan Abercrombie
COMPASS
List Price
$1,795,000
Sold Price
$1,800,000
Premium/Discount to List
$5,000
0.28%
Views
9

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
6.74%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Frame Family Trust -- None Listed On Document
Frame Gregory H $1,800,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Frame Gregory H $850,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2024 04/30/24 Sold $1,800,000 +0.3% $1,532 / Sq Ft
03/20/2024 03/20/24 Pending -- -- --
03/20/2024 03/20/24 For Sale $1,795,000 0.0% $1,528 / Sq Ft
04/25/2021 04/25/21 Rented $2,950 0.0% --
03/22/2021 03/22/21 Price Changed $2,950 -1.7% $4 / Sq Ft
01/27/2021 01/27/21 For Rent $3,000 -- --
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 $19,335 $1,836,000 $1,734,000 $102,000
2024 $19,335 $1,683,000 $1,632,000 $51,000
2023 $1,972 $133,317 $97,056 $36,261
2022 $1,945 $130,703 $95,153 $35,550
2021 $1,987 $128,141 $93,288 $34,853
2019 $1,943 $124,722 $90,522 $34,200
2018 $1,900 $122,285 $88,748 $33,537
2016 $1,571 $117,172 $85,302 $31,870
2015 $1,541 $115,413 $84,021 $31,392
2014 $1,536 $113,154 $82,376 $30,778
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24055343

California Regional Multiple Listing Service (CRMLS)

APN: 4175-018-004