Seller's Agent in 2021
Holly Messer
eXp Realty of California, Inc.
(310) 349-3000
17 in this area
40 Total Sales
3820 The Strand Manhattan Beach, CA 90266
Estimated Value: $2,936,000 - $8,819,846
7
Beds
6
Baths
3,553
Sq Ft
$1,770/Sq Ft
Est. Value
Highlights
- Beach Front
- Ocean View
- Spanish Architecture
- Grand View Elementary School Rated A
- Ocean Side of Highway 1
- Corner Lot
About This Home
As of September 2021This unique Spanish architectural compound located a prime North facing corner lot on The Strand in Manhattan Beach is a legal triplex estate presenting a life time opportunity to use as an owner user or as an investment property. Currently a multi-residence property consisting of 4 remodeled units, this property has the coastal charm & character of the original Spanish architecture while integrating upgrades and modern conveniences throughout each unit. Recently remodeled, all units have an ocean view, its own washer/dryer, and its own garage/parking space. The upper front unit has an oversized deck, with an unobstructed panoramic ocean view, extending from Palos Verdes to Malibu. The upper back three-bedroom / 2 bath unit features ocean views, kitchen with updated kitchen / bathrooms, and a light and bright living room for easy seaside living. The lower middle unit is completely remodeled with 2 bedrooms/ 2 baths, new kitchen with laundry and an attached garage. The lower ocean front unit is a charming 1 bedroom/ 1 bath with its own private patio. This home is walking distance to the shops, restaurants & award winning schools. It located is on a world class surfing beach and has an easy commute to the westside, Santa Monica, LAX, and downtown LA. This significant compound has endless possibilities and is ready for immediate enjoyment.
Last Agent to Sell the Property
eXp Realty of California, Inc. License #01847879 Listed on: 06/10/2021
Last Buyer's Agent
eXp Realty of California, Inc. License #01847879 Listed on: 06/10/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $90,016
Year Built
- Built in 1938
Lot Details
- 3,497 Sq Ft Lot
- Beach Front
- Two or More Common Walls
- Corner Lot
- Density is 2-5 Units/Acre
Parking
- 4 Car Garage
Property Views
- Ocean
- Coastline
- Views of a pier
- Catalina
- Panoramic
Home Design
- 3,553 Sq Ft Home
- Spanish Architecture
- Split Level Home
- Quadruplex
Bedrooms and Bathrooms
- 7 Bedrooms
- 6 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
Outdoor Features
- Ocean Side of Highway 1
- Exterior Lighting
Listing and Financial Details
- Legal Lot and Block 2 / 2
- Tax Tract Number 3701
- Assessor Parcel Number 4137011101
Community Details
Overview
- 4 Units
Building Details
- Rent Control
- 4 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $5,500
- Maintenance Expense $1,500
- Trash Expense $1,500
- Water Sewer Expense $1,500
- New Taxes Expense $21,478
- Operating Expense $35,478
- Gross Income $250,356
- Net Operating Income $244,856
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 15, 2021
Sold by
Friedman Bradley J and Friedman Tiffany A
Bought by
Derhake Capital Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,097,500
Interest Rate
1.75%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 18, 2005
Sold by
Friedman Bradley J and Friedman Tiffany A Rhodes
Bought by
Friedman Bradley J
Purchase Details
Closed on
Aug 1, 2001
Sold by
Little George E
Bought by
Friedman Md Bradley J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Interest Rate
6.94%
Mortgage Type
Seller Take Back
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Derhake Capital Llc | $7,455,000 | Fidelity National Title Co | |
| Friedman Bradley J | -- | -- | |
| Friedman Md Bradley J | $1,400,000 | North American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Derhake Capital Llc | $4,097,500 | |
| Previous Owner | Friedman Bradley J | $3,000,000 | |
| Previous Owner | Friedman Bradley J | $600,000 | |
| Previous Owner | Friedman Md Bradley J | $1,500,000 | |
| Previous Owner | Friedman Md Bradley J | $1,400,000 | |
| Previous Owner | Little George E | $360,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/24/2021 09/24/21 | Sold | $7,455,000 | -0.6% | $2,098 / Sq Ft |
| 07/14/2021 07/14/21 | Pending | -- | -- | -- |
| 06/10/2021 06/10/21 | For Sale | $7,500,000 | 0.0% | $2,111 / Sq Ft |
| 01/21/2017 01/21/17 | Rented | $4,000 | 0.0% | -- |
| 01/19/2017 01/19/17 | For Rent | $4,000 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $90,016 | $7,756,182 | $7,652,142 | $104,040 |
| 2023 | $87,810 | $7,604,100 | $7,502,100 | $102,000 |
| 2022 | $86,312 | $7,455,000 | $7,355,000 | $100,000 |
| 2021 | $24,663 | $1,910,708 | $1,719,643 | $191,065 |
| 2019 | $21,700 | $1,854,038 | $1,668,639 | $185,399 |
| 2018 | $21,257 | $1,817,685 | $1,635,921 | $181,764 |
| 2016 | $19,753 | $1,747,104 | $1,572,398 | $174,706 |
| 2015 | $19,347 | $1,720,862 | $1,548,780 | $172,082 |
| 2014 | $19,096 | $1,687,154 | $1,518,442 | $168,712 |
Source: Public Records
Agents Affiliated with this Home
-
Holly Messer
-
Patrick Panzarella
Seller's Agent in 2017
Patrick Panzarella
eXp Realty of California Inc
(310) 913-9582
6 in this area
27 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB21120639
APN: 4137-011-101
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