NOT LISTED FOR SALE

320 Rosecrans Ave Manhattan Beach, CA 90266

Estimated Value: $2,236,000 - $2,628,000

5 Beds
3 Baths
2,000 Sq Ft
$1,232/Sq Ft Est. Value

Last Sold October 02, 2020

Last sale price $1,815,000 $908 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $14,723/month

29 Days on Market

About This Home

As of October 2020

320 Rosecrans Ave in Manhattan Beach is a ocean view property, located in the heart of North Manhattan Beach, features a front 3-bed/2.5-bath house and a 2-bed/1-bath back unit. The 2,000 SF building sits on a full-sized sand-section lot with back alley access to the two-car garage. The front house was remodeled several years ago and features two private patios and a spacious rear yard. The rear 2-bed/1-bath unit boasts a private patio as well with beautiful ocean views. Given the great sand-section Manhattan Beach location and upside in market rent potential (40% increase in GSI), this property is an amazing investment opportunity!

Last Agent to Sell the Property

Woody Stahl

Lyon Stahl Investment Real Est License #01399621 Listed on: 07/20/2020

Lyon Stahl Investment Real Est

Co-Listed By

Brett Lyon

Lyon Stahl Investment Real Estate, Inc. License #01717818

Last Buyer's Agent

Woody Stahl

Lyon Stahl Investment Real Est License #01399621 Listed on: 07/20/2020

Lyon Stahl Investment Real Est

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 2,705 Sq Ft Lot
  • No Common Walls
  • Private Yard

Parking

  • 2 Car Garage

Home Design

  • 2,000 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 3 / 53
  • Tax Tract Number 3427
  • Assessor Parcel Number 4175016004

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $800
  • Maintenance Expense $2,502
  • Other Expense $1,200
  • New Taxes Expense $21,280
  • Operating Expense $26,982
  • Gross Income $83,400
  • Net Operating Income $52,248

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Zoning: MNCNE
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 4175016004
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 907.50

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 2705.00
  • Lot Size Acres: 0.0621

Multi Family

  • Gross Income: 83400.00
  • Gross Scheduled Income: 83400.00
  • Insurance Expense: 800.00
  • Lot Size Area: 2705.0000 Square Feet
  • Maintenance Expense: 2502.00
  • Net Operating Income: 52248.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 26982.00
  • Other Expense: 1200.00
  • Other Expense Description: Utility
  • Rent Control: No
  • Total Expenses: 26982.00

Tax Info

  • New Taxes Expense: 21280.00
  • Tax Block: 53
  • Tax Census Tract: 6203.05
  • Tax Lot: 3
  • Tax Tract Number: 3427

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2020
Closed on
Aug 20, 2020
Sold by
Brlndeison Chad David and Brinderson Laura Aiongi
Bought by
Broom Garrett and Closs John
Seller's Agent
Woody Stahl
Lyon Stahl Investment Real Est
Buyer's Agent
Woody Stahl
Lyon Stahl Investment Real Est
List Price
$1,850,000
Sold Price
$1,815,000
Premium/Discount to List
-$35,000
-1.89%
Current Estimated Value
$2,464,807

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$649,807
Avg. Annual Appreciation
5.97%
Original Mortgage
$1,440,000
Outstanding Balance
$1,274,280
Interest Rate
2.87%
Mortgage Type
New Conventional
Estimated Equity
$1,190,527

Purchase Details

Closed on
Nov 28, 2017
Sold by
Brinderson Chad David and Brinderson Laura Alongi
Bought by
Brinderson Chad David and Brinderson Laura Alongi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,058,000
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jul 8, 2014
Closed on
Oct 8, 2014
Sold by
Boze Jason H and Boze Nina F
Bought by
2008 Brinderson Family Trust
Seller's Agent
Woody Stahl
Lyon Stahl Investment Real Est
Buyer's Agent
Woody Stahl
Lyon Stahl Investment Real Est
List Price
$1,675,000
Sold Price
$1,650,000
Premium/Discount to List
-$25,000
-1.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.66%
Original Mortgage
$1,050,000
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 10, 2008
Sold by
Boze Jason H and Boze Nina F
Bought by
Boze Jason H and Boze Nina F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,170,000
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 25, 2005
Sold by
Nordine Leo S and Nordine Molly B
Bought by
Boze Jason H and Boze Nina F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$938,400
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 17, 2001
Sold by
Nordine Leo S
Bought by
Nordine Leo S and Nordine Molly B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
7.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 12, 2000
Sold by
Nordine Leo S
Bought by
Nordine Leo S and Nordine Molly B

Purchase Details

Closed on
Nov 23, 1999
Sold by
Nordine Molly
Bought by
Nordine Leo S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.85%

Purchase Details

Closed on
Oct 15, 1999
Sold by
Albert Cecilia C
Bought by
Nordine Leo S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.85%

Purchase Details

Closed on
Feb 10, 1997
Sold by
Packwood Glendora Sadie and The Packwood Family Trust
Bought by
Albert Cecilia C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
7.63%
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
Broom Garrett $1,800,000 Usa National Title Company
Brinderson Chad David -- Old Republic Title Company
2008 Brinderson Family Trust $1,650,000 Progressive Title Company
Boze Jason H -- Fidelity Van Nuys
Boze Jason H $1,173,000 --
Nordine Leo S -- Lawyers Title
Nordine Leo S -- Lawyers Title Company
Nordine Leo S -- Lawyers Title Company
Nordine Leo S -- Continental Title
Nordine Leo S -- Southland Title
Nordine Leo S $425,000 Southland Title
Albert Cecilia C $320,000 Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Broom Garrett $1,440,000
Previous Owner Brinderson Chad David $1,058,000
Previous Owner 2008 Brinderson Family Trust $1,050,000
Previous Owner Boze Jason H $1,170,000
Previous Owner Boze Jason H $938,400
Previous Owner Nordine Leo S $212,000
Previous Owner Nordine Leo S $200,000
Previous Owner Albert Cecilia C $224,000
Closed Boze Jason H $175,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/02/2020 10/02/20 Sold $1,815,000 -1.9% $908 / Sq Ft
08/18/2020 08/18/20 Pending -- -- --
07/20/2020 07/20/20 For Sale $1,850,000 +12.1% $925 / Sq Ft
11/19/2014 11/19/14 Sold $1,650,000 0.0% $853 / Sq Ft View Prior Sale
11/19/2014 11/19/14 Sold $1,650,000 -1.5% $825 / Sq Ft View Prior Sale
10/01/2014 10/01/14 Pending -- -- --
10/01/2014 10/01/14 Pending -- -- --
07/08/2014 07/08/14 For Sale $1,675,000 -1.2% $838 / Sq Ft
05/29/2014 05/29/14 For Sale $1,695,000 -- $876 / 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 $22,011 $1,948,376 $1,786,012 $162,364
2024 $22,011 $1,910,174 $1,750,993 $159,181
2023 $21,416 $1,872,720 $1,716,660 $156,060
2022 $21,048 $1,836,000 $1,683,000 $153,000
2021 $20,705 $1,800,000 $1,650,000 $150,000
2020 $20,869 $1,813,785 $1,483,565 $330,220
2019 $20,499 $1,778,232 $1,454,476 $323,756
2018 $20,087 $1,743,376 $1,425,957 $317,419
2017 $19,490 $1,708,664 $1,397,998 $310,666
2016 $18,662 $1,675,162 $1,370,587 $304,575
2015 $18,275 $1,650,000 $1,350,000 $300,000
2014 $16,387 $1,467,984 $1,310,507 $157,477
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20143180

California Regional Multiple Listing Service (CRMLS)

APN: 4175-016-004