NOT LISTED FOR SALE

3216 Manhattan Ave Manhattan Beach, CA 90266

Estimated Value: $6,495,000 - $8,413,000

8 Beds
7 Baths
4,144 Sq Ft
$1,799/Sq Ft Est. Value

Last Sold March 02, 2018

Last sale price $5,000,000 $1,207 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $44,661/month

77 Days on Market

Highlights

  • Ocean View
  • Property has ocean access
  • No HOA
  • Grand View Elementary School Rated A
  • Across the Road from Lake or Ocean
  • Balcony

About This Home

As of March 2018

Location! Location! Location! Don't miss out on this rare opportunity to own a highly desirable residential four plex with a potential rental income of $15,000/month located directly across the street from one of the most beautiful beaches on the west coast. Manhattan Beach is a laid-back South Bay community popular with families & outdoor enthusiasts & is home to fashionably chic shopping, cafes, pubs, creative upscale eateries.

Last Agent to Sell the Property

Dean O'Dell

Seven Gables Real Estate License #01060767 Listed on: 11/11/2017

Seven Gables Real Estate

Co-Listed By

Carmina Johansson

Seven Gables Real Estate License #01851643

Last Buyer's Agent

Todd Frelinger

ARROWHEAD PREMIER PROPERTIES License #01748434

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $63,392

Year Built

  • Built in 1973

Lot Details

  • 3,497 Sq Ft Lot
  • Two or More Common Walls
  • No Landscaping

Parking

  • 9 Car Garage
  • Parking Available
  • Front Facing Garage
  • Rear-Facing Garage

Property Views

  • Ocean
  • Coastline

Home Design

  • 4,144 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Outdoor Features

  • Property has ocean access
  • Beach Access
  • Balcony

Additional Features

  • Laundry Room
  • Across the Road from Lake or Ocean

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 2
  • Assessor Parcel Number 4175021009

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Water Meters
  • Gross Income $15,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$63,392

Year Built

Built in 1973

Lot Details

0

Parking

9

Listing Details

  • Ad Number: Carmina
  • Property Attached: Yes
  • View: Yes
  • Zoning: MNRH
  • Property Type: Residential Income
  • Parcel Number: 4175021009
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Balcony
  • Common Walls: 2+ Common Walls
  • Levels: Three Or More
  • Price Per Square Foot: 1206.56

Exterior Features

  • View: Coastline, Ocean, Water
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 9.00
  • Parking: Yes
  • Parking Features: Garage Faces Front, Garage Faces Rear
  • Total Parking Spaces: 9.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: No Landscaping
  • Lot Size Sq Ft: 3497.00

Multi Family

  • Average1 Bed Area: 1064 Square Feet
  • Average2 Bed Area: 1064 Square Feet
  • Average3 Bed Area: 1400 Square Feet
  • Average Studio Area: 616 Square Feet
  • Gross Income: 15000.00
  • Gross Scheduled Income: 180000.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Rent Control: No
  • Total Actual Rent: 12250.00
  • Waterfront Features: Across the Road from Lake/Ocean, Beach Access, Ocean Access

Tax Info

  • Tax Census Tract: 6203.05
  • Tax Lot: 7
  • Tax Tract Number: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2017
Closed on
Jan 25, 2018
Sold by
Ditto Patricia L
Bought by
West Bluff Realty And Investment Llc
Seller's Agent
Dean O'Dell
Seven Gables Real Estate
Buyer's Agent
Todd Frelinger
ARROWHEAD PREMIER PROPERTIES
List Price
$5,500,000
Sold Price
$5,000,000
Premium/Discount to List
-$500,000
-9.09%
Current Estimated Value
$7,456,578

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,456,578
Avg. Annual Appreciation
5.43%

Purchase Details

Closed on
Jun 28, 2005
Sold by
Gilmore Gloria L
Bought by
Gilmore Gloria L and Gilmore Family Trust

Purchase Details

Closed on
Sep 3, 2003
Sold by
Gilmore Gordon R
Bought by
Gilmore Gordon R and Gilmore Gloria L
Source: Public Records

Range of Values:

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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
West Bluff Realty And Investment Llc $5,000,000 Chicago Title Company
Gilmore Gloria L -- --
Gilmore Gordon R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open West Bluff Realty And Investme $4,005,000
Closed West Bluff Realty And Investment Llc $750,000
Closed West Bluff Realty And Investment Llc $3,080,000
Previous Owner Gilmore Gordon R $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/02/2018 03/02/18 Sold $5,000,000 -9.1% $1,207 / Sq Ft
01/25/2018 01/25/18 Pending -- -- --
11/09/2017 11/09/17 For Sale $5,500,000 -- $1,327 / 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 $63,392 $5,689,142 $5,575,361 $113,781
2024 $63,392 $5,577,591 $5,466,041 $111,550
2023 $61,767 $5,468,227 $5,358,864 $109,363
2022 $60,693 $5,361,008 $5,253,789 $107,219
2021 $59,640 $5,255,891 $5,150,774 $105,117
2019 $58,028 $5,100,000 $4,998,000 $102,000
2018 $5,248 $381,566 $180,115 $201,451
2016 $4,696 $366,751 $173,122 $193,629
2015 $4,607 $361,243 $170,522 $190,721
2014 $4,575 $354,168 $167,182 $186,986
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17256787

California Regional Multiple Listing Service (CRMLS)

APN: 4175-021-009