NOT LISTED FOR SALE

3905 Crest Dr Manhattan Beach, CA 90266

Estimated Value: $2,314,000 - $3,254,000

3 Beds
2 Baths
1,411 Sq Ft
$1,968/Sq Ft Est. Value

Last Sold December 06, 2019

Last sale price $1,940,000 $1,375 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $16,763/month

22 Days on Market

Highlights

  • Ocean View
  • Updated Kitchen
  • Property is near a park
  • Grand View Elementary School Rated A
  • Deck
  • Cathedral Ceiling

About This Home

As of December 2019

Located on a an oversized half lot (35’ x 60’) that offers unblockable panoramic views from Catalina island to Point Dume, this charming Spanish duplex has been remodeled beautifully and makes for an excellent investment property, 1st or 2nd home, or home and income, and future development site, suitable for a spectacular larger sand section home of 3500 sf or more. The lower unit (1 BR 1 BA) is currently rented for $2700 and it has a yard so can eventually rent for much more. The upper unit has vaulted trussed beam wood ceilings in the living room, a rustic brick fireplace, and a formal dining room with ridiculously massive views adjacent to a gracious, elevated, deck with views that are even more superlative. There are two garages, which could park smaller vehicles, plus 4 additional parking spaces leased from Chevron directly across the street, at a nominal fee. Some of the best surf in the South Bay is just 3 blocks away, and terrific restaurants are within shouting distance. New kitchens and baths and new appliances enhance the vintage character of this property which also has hardwood floors, elegant new paint, and dual panel windows. You will love this Property now AND later.

Last Agent to Sell the Property

Robert Freedman

DOMO Real Estate License #00711607 Listed on: 10/10/2019

Co-Listed By

Greg Geilman

DOMO Real Estate License #01788567

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,808

Year Built

  • Built in 1932

Lot Details

  • 2,092 Sq Ft Lot
  • Lot Dimensions are 35 x 60
  • 1 Common Wall
  • East Facing Home
  • Back Yard
  • Value in Land

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Front Facing Garage
  • Single Garage Door
  • Parking Lot
  • Assigned Parking

Property Views

  • Ocean
  • Coastline
  • Catalina
  • Panoramic

Home Design

  • Duplex
  • Cottage
  • Turnkey
  • Raised Foundation
  • Composition Roof
  • Plaster
  • Stucco

Interior Spaces

  • 1,411 Sq Ft Home
  • 2-Story Property
  • Beamed Ceilings
  • Cathedral Ceiling
  • Insulated Windows
  • Living Room with Fireplace
  • Dining Room
  • Wood Flooring

Kitchen

  • Updated Kitchen
  • Electric Oven
  • Built-In Range
  • Quartz Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • Remodeled Bathroom
  • 2 Bathrooms
  • Quartz Bathroom Countertops

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Deck
  • Patio
  • Exterior Lighting

Location

  • Property is near a park

Schools

  • Grand View Elementary School
  • Manhattan Beach Middle School
  • Mira Costa High School

Utilities

  • Heating Available
  • Gas Water Heater

Listing and Financial Details

  • Legal Lot and Block 5 / 9
  • Tax Tract Number 4103
  • Assessor Parcel Number 4137002029

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Laundry Facilities

Recreation

  • Park
  • Bike Trail

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,808

Year Built

Built in 1932

Lot Details

0

Parking

2

Listing Details

  • Structure Type: Duplex
  • Assessments: Yes
  • Property Attached: Yes
  • View: Yes
  • Zoning: MNCNE
  • Architectural Style: Cottage
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential
  • Parcel Number: 4137002029
  • Year Built: 1932
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1411.00 Square Feet
  • Interior Amenities: Beamed Ceilings, Cathedral Ceiling(s)
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Appliances: Yes
  • Full And Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Eating Area: Dining Room
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 1374.91
  • Room Type: Kitchen, Laundry, Living Room
  • Window Features: Insulated Windows
  • Bathroom Features: Quartz Counters, Remodeled
  • Room Kitchen Features: Quartz Counters, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Direction Faces: East
  • Foundation: Raised
  • View: Catalina, Coastline, Ocean, Panoramic
  • Patio And Porch Features: Deck
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Plaster, Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Garage Faces Front, Garage - Single Door, Parking Space, Private
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Electric Oven, Electric Range, Gas Water Heater, Refrigerator
  • Heating Type: Electric
  • Laundry Features: Common Area, Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Park, Sidewalks, Street Lights

Schools

  • School District: Manhattan Unified
  • Elementary School: Grand View
  • Middle School: Manhattan Beach
  • High School: Mira Costa
  • Elementary School: Grand View
  • High School: Mira Costa
  • Middle Or Junior School: Manhattan Beach
  • Elementary School #2: GRAVIE
  • High School2: MIRCOS

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Park Nearby, Value In Land
  • Lot Size: 35 X 60
  • Lot Size Sq Ft: 2092.00
  • Lot Size Acres: 0.0480

Multi Family

  • Lease Considered: Yes
  • Lot Size Area: 2092.0000 Square Feet
  • Number Of Units Total: 2

Tax Info

  • Tax Block: 9
  • Tax Census Tract: 6202.01
  • Tax Lot: 5
  • Tax Tract Number: 4103

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2019
Closed on
Nov 26, 2019
Sold by
Acres Veronique Y
Bought by
Acres Mark R
Seller's Agent
Robert Freedman
DOMO Real Estate
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$2,000,000
Sold Price
$1,940,000
Premium/Discount to List
-$60,000
-3%
Current Estimated Value
$2,776,675

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$836,675
Avg. Annual Appreciation
6.32%
Original Mortgage
$575,000
Outstanding Balance
$507,353
Interest Rate
3.75%
Mortgage Type
New Conventional
Estimated Equity
$2,269,322

Purchase Details

Listed on
Oct 10, 2019
Closed on
Nov 4, 2019
Sold by
3905 Crest Dr Llc
Bought by
Acres Mark R
Seller's Agent
Robert Freedman
DOMO Real Estate
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$2,000,000
Sold Price
$1,940,000
Premium/Discount to List
-$60,000
-3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,000
Outstanding Balance
$507,353
Interest Rate
3.75%
Mortgage Type
New Conventional
Estimated Equity
$2,269,322

Purchase Details

Closed on
Apr 4, 2019
Sold by
Benedetto James Robert
Bought by
3905 Crest Dr Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$960,000
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Nov 5, 2018
Closed on
Nov 21, 2018
Sold by
Geilenfeldt Sharron and Lucero Mary Adair
Bought by
Benedetto James Robert
Seller's Agent
Bryn Stroyke
Bayside
Buyer's Agent
Robert Freedman
DOMO Real Estate
List Price
$1,450,000
Sold Price
$1,675,000
Premium/Discount to List
$225,000
15.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.69%

Purchase Details

Closed on
Mar 13, 1995
Sold by
Ball Ouida C
Bought by
Ball Ouida and Ouida Ball Family Trust
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
Acres Mark R -- Lawyers Title Company
Acres Mark R $1,940,000 Lawyers Title Company
3905 Crest Dr Llc -- Chicago Title Company
Benedetto James Robert $1,675,000 Wfg National Title Company
Ball Ouida -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Acres Mark R $575,000
Previous Owner 3905 Crest Dr Llc $960,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/06/2019 12/06/19 Sold $1,940,000 -3.0% $1,375 / Sq Ft
10/10/2019 10/10/19 For Sale $2,000,000 +19.4% $1,417 / Sq Ft
12/14/2018 12/14/18 Sold $1,675,000 +15.5% $1,187 / Sq Ft View Prior Sale
11/17/2018 11/17/18 Pending -- -- --
11/05/2018 11/05/18 For Sale $1,450,000 -- $1,028 / 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 $23,808 $2,121,668 $1,902,941 $218,727
2024 $23,808 $2,080,068 $1,865,629 $214,439
2023 $23,202 $2,039,284 $1,829,049 $210,235
2022 $22,802 $1,999,299 $1,793,186 $206,113
2021 $22,427 $1,960,098 $1,758,026 $202,072
2020 $24,161 $1,940,000 $1,740,000 $200,000
2019 $19,290 $1,675,000 $1,625,000 $50,000
2018 $22,037 $1,927,800 $1,662,600 $265,200
2016 $1,232 $92,113 $75,571 $16,542
2015 $1,209 $90,730 $74,436 $16,294
2014 $1,207 $88,953 $72,978 $15,975
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19240278

California Regional Multiple Listing Service (CRMLS)

APN: 4137-002-029