NOT LISTED FOR SALE

4009 Ocean Dr Manhattan Beach, CA 90266

Estimated Value: $4,725,000 - $10,381,221

7 Beds
6 Baths
4,224 Sq Ft
$1,788/Sq Ft Est. Value

Last Sold June 12, 2015

Last sale price $5,750,000 $1,361 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $52,827/month

About This Home

We are pleased to offer an amazing triplex on a full lot on the famous Manhattan Beach Strand. With approximately 33 feet of white water ocean view frontage you will enjoy unobstructed, unparalleled views from the Santa Monica mountains to Catalina. This property has three units-a huge 3BR/2BA, a 2BR/1BA and a 1BR/1BA. All have ocean views. The annual income for this property is approximately $150,000. All leases and rentals are month to month or short term vacation rentals. You have so many options for living on the Strand with this property. Live in the larger unit and continue to rent the other two on a monthly or vacation rental basis. The 3,488 square foot lot allows you to build your own dream home or two condominiums. (Buyer to verify.) Qualifies for 1031 exchanges. This part of the Manhattan Beach Strand is family friendly and minutes to LAX and the 105 and 405 freeways. (Note: The address shown on the Strand side of the property is 4009.)

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2015
Closed on
Jun 9, 2015
Sold by
Abbjohn Inc
Bought by
4004 The Strand Llc
Seller's Agent
Joseph Franklin
Keller Williams Beach Cities
Buyer's Agent
Joseph Franklin
Keller Williams Beach Cities
List Price
$5,750,000
Sold Price
$5,750,000
Current Estimated Value
$7,553,111

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,803,111
Avg. Annual Appreciation
2.66%

Purchase Details

Closed on
May 11, 2005
Sold by
Battle Luther J and Battle Cynthia A
Bought by
Abbjohn Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,310,000
Interest Rate
6.12%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 10, 2002
Sold by
Battle Luther J and Battle Cynthia A
Bought by
Battle Luther J and Battle Cynthia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$633,000
Interest Rate
6.05%

Purchase Details

Closed on
Jul 9, 2001
Sold by
Battie Luther J and Battie Cynthia A
Bought by
Battle Luther J and Battle Cynthia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.26%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 30, 2001
Sold by
Battle Luther J and Battle Cynthia A
Bought by
Battle Luther J and Battle Cynthia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.26%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 25, 2001
Sold by
Battle Luther J and Battle Cynthia A
Bought by
Battle Luther J and Battle Cynthia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.26%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

Collateral Analytics

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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
4004 The Strand Llc $5,750,000 Fidelity National Title
Abbjohn Inc $3,300,000 Fatcola
Battle Luther J -- Chicago Title Co
Battle Luther J -- Fidelity National Title Co
Battle Luther J -- American Coast Title
Battle Luther J -- American Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Abbjohn Inc $2,310,000
Previous Owner Battle Luther J $633,000
Previous Owner Battle Luther J $100,000
Previous Owner Battle Luther J $630,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/12/2015 06/12/15 Sold $5,750,000 0.0% $2,146 / Sq Ft View Prior Sale
06/06/2015 06/06/15 Pending -- -- --
06/06/2015 06/06/15 For Sale $5,750,000 -- $2,146 / Sq Ft

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 $159,504 $14,121,739 $14,121,739 --
2024 $159,504 $13,844,843 $13,844,843 --
2023 $155,524 $13,573,376 $13,573,376 $0
2022 $152,852 $13,307,232 $13,307,232 $0
2021 $150,049 $13,046,306 $13,046,306 $0
2020 $148,676 $12,912,533 $12,912,533 $0
2019 $142,512 $12,659,344 $11,312,608 $1,346,736
2018 $139,769 $12,411,123 $11,090,793 $1,320,330
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2015

    Joseph Franklin

    Keller Williams Beach Cities

  • Martin Ensbury

    Seller Co-Listing Agent in 2015

    Martin Ensbury

    Lyon Stahl Investment Real Estate, Inc.

    (310) 376-4600

    31 Total Sales

    Martin Ensbury
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Map

California Los Angeles County Manhattan Beach 90266

4009 Ocean Dr, Manhattan Beach, CA

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