NOT LISTED FOR SALE

4005 Ocean Front Walk Unit 1/2 Marina Del Rey, CA 90292

Estimated Value: $3,171,540 - $3,212,000

3 Beds
3.5 Baths
1,960 Sq Ft
0.3 Acres

Last Sold June 11, 2013

Last sale price $2,100,000 $1,071 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $20,107/month

Highlights

  • Ocean Front
  • Two Primary Bedrooms
  • Wood Flooring
  • Coeur D'Alene Avenue Elementary School Rated A-
  • 13,172 Sq Ft lot
  • Loft

About This Home

As of July 2013

UNIQUE ARCHITECTURAL OCEAN FRONT PENTHOUSE THAT WAS FULLY RENOVATED AND COMPLETED IN 2012. INCREDIBLE ATTENTION TO DETAIL THROUGHOUT. OPEN AND WIDE OCEAN FRONTAGE WITH A STEP DOWN LIVING ROOM, VAULTED TWO STORY CEILINGS, AND PRIVATE BEACH ACCESS RIGHT TO THE SAND. THE KITCHEN IS A COOKS DREAM WITH CUSTOM CABINETRY, SUB ZERO, DOUBLE OVEN AND ALL THE BELLS AND WHISTLES. LIGHT AND PEACEFUL OCEAN FRONT MASTER SUITE WITH IT'D OWN PRIVATE ROOF DECK. WALKING DISTANCE TO ALL OF WHAT MARINA DEL REY AND VENICE HAVE TO OFFER.

Last Agent to Rent the Property

Jennifer Portnoy

Compass License #01215535 Listed on: 06/27/2013

Compass

Last Renter's Agent

Susan L Andrews

Compass License #01425843

Compass

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $40,578

Year Built

  • Built in 1971

Lot Details

  • 0.3

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 1,960 Sq Ft Home
  • Furnished
  • Built-In Features
  • Living Room with Fireplace
  • Dining Room
  • Den
  • Loft
  • Sun or Florida Room
  • Wood Flooring
  • White Water Ocean Views

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Double Master Bedroom
  • Walk-In Closet
  • Powder Room
  • 3.5 Bathrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • 2 Car Garage
  • Assigned Parking

Additional Features

  • Open Patio
  • Ocean Front
  • Forced Air Heating System

Community Details

  • 12 Units

Listing and Financial Details

  • Security Deposit $17,990
  • Tenant pays for electricity, gas
  • 12 Month Lease Term
  • Assessor Parcel Number 4225-011-041

Condo Details

Home Type

Condominium

Est. Annual Taxes

$40,578

Year Built

Built in 1971

Lot Details

0

Rental Info

  • Furnished: Furnished
  • Security Deposit: 17990
  • Tenant Pays: Electricity, Gas

Listing Details

  • Property Type: Residential Lease
  • Style: Architectural
  • Single Family Or Apt: Condo/Apt
  • Street Number Display: Yes
  • Complex Name: Ocean Front Walk
  • Entry Floor: 2
  • Lease Terms: 1+Year
  • Living Area: 1960
  • Year Built: 1971
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Hardwood
  • Bedrooms: 3
  • Fireplaces: 1
  • Laundry: In Closet, In Unit
  • Total Bathrooms: 3.50
  • Equipment: Built-Ins, Dishwasher, Dryer, Garbage Disposal, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 4.59

Exterior Features

  • Balcony: OCEANFRONT
  • Tennis Court Y/N: No
  • Exposure: OCEANFRONT
  • Pool: No
  • View: Ocean, White Water
  • View: Yes
  • Waterfront: Ocean

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Assigned, Garage
  • Total Parking: 2

Utilities

  • Heating: Forced Air

Condo/Co-op/Association

  • Unit Location: OCEANFRONT

Lot Info

  • Special Zoning: Coastal Commission
  • Assessor Parcel Number: 4225-011-041
  • Geocode Override: No
  • Lot Size Area: 13172

Multi Family

  • Number Of Units: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 13, 2016
Sold by
Sand Dollar Mdr Llc
Bought by
The Croutch Family Trust
Current Estimated Value
$3,195,513

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,175,000
Outstanding Balance
$1,683,386
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,512,127

Purchase Details

Closed on
Aug 21, 2015
Sold by
Neu David W
Bought by
Sand Dollar Mdr Llc

Purchase Details

Closed on
Aug 27, 2014
Sold by
Sand Dollar Mdr Llc
Bought by
Neu David W and Neu Esperanza M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jun 27, 2013
Closed on
Jun 4, 2013
Sold by
Gradstein Henry
Bought by
Sand Dollar Mdr Llc
Seller's Agent
Jennifer Portnoy
Compass
Buyer's Agent
Susan L Andrews
Compass
Sold Price
$8,995

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.45%

Purchase Details

Closed on
Dec 5, 2012
Sold by
Gradstein Donna
Bought by
Gradstein Henry

Purchase Details

Closed on
Aug 17, 2009
Sold by
Weston Nancy Lee
Bought by
Gradstein Henry and Gradstein Donna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 22, 1999
Sold by
Weston Nancy L
Bought by
Weston Nancy Lee and The Nancy Lee Weston Revocable Trust

Purchase Details

Closed on
Jan 10, 1985
Sold by
Suarez John M
Bought by
Weston Nancy L
Source: Public Records

Range of Values:

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Average Value
Not Available
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
The Croutch Family Trust $2,900,000 Fidelity National Title Co
Sand Dollar Mdr Llc -- None Available
Neu David W -- Old Republic Title Company
Sand Dollar Mdr Llc $2,100,000 Lawyers Title
Gradstein Henry -- None Available
Gradstein Henry -- Lawyers Title
Weston Nancy Lee -- --
Weston Nancy L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open The Croutch Family Trust $2,175,000
Previous Owner Neu David W $1,000,000
Previous Owner Gradstein Henry $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/16/2013 07/16/13 Rented $8,995 0.0% --
07/16/2013 07/16/13 Under Contract -- -- --
06/27/2013 06/27/13 For Rent $8,995 0.0% --
06/11/2013 06/11/13 Sold $2,100,000 -4.3% $1,071 / Sq Ft View Prior Sale
04/18/2013 04/18/13 Price Changed $2,195,000 -4.4% $1,120 / Sq Ft
01/31/2013 01/31/13 For Sale $2,295,000 -- $1,171 / Sq Ft
Source: The MLS

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 $40,578 $3,433,004 $1,420,552 $2,012,452
2024 $40,578 $3,365,692 $1,392,699 $1,972,993
2023 $39,781 $3,299,699 $1,365,392 $1,934,307
2022 $37,907 $3,235,000 $1,338,620 $1,896,380
2021 $37,458 $3,171,570 $1,312,373 $1,859,197
2019 $36,322 $3,077,502 $1,273,449 $1,804,053
2018 $36,247 $3,017,160 $1,248,480 $1,768,680
2016 $22,034 $1,837,602 $1,218,300 $619,302
2015 $25,780 $2,151,682 $1,536,916 $614,766
2014 $27,951 $2,109,534 $1,506,810 $602,724
Source: Public Records

Agents Affiliated with this Home

  • Jennifer Portnoy

    Landlord's Agent in 2013

    Jennifer Portnoy

    Compass

    (310) 420-7861

    61 in this area

    80 Total Sales

    Jennifer Portnoy
    Section Image
  • Susan L Andrews

    Tenant's Agent in 2013

    Susan L Andrews

    Compass

    (310) 652-6285

    40 Total Sales

    Susan L Andrews
    Section Image
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Map

Source: The MLS

MLS Number: 13-683997

The MLS

APN: 4225-011-041

California Los Angeles County Marina Del Rey 90292

4005 Ocean Front Walk Unit 1/2, Marina Del Rey, CA

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