NOT LISTED FOR SALE

4009 Ocean Dr Manhattan Beach, CA 90266

Estimated Value: $5,900,000 - $10,298,307

6 Beds
4 Baths
2,680 Sq Ft
$3,022/Sq Ft Est. Value

Last Sold June 12, 2015

Last sale price $5,750,000 $2,146 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $55,643/month

Highlights

  • Beach Front
  • Ocean View
  • Fireplace in Primary Bedroom
  • Grand View Elementary School Rated A
  • Property has ocean access
  • Laundry Room

About This Home

As of June 2015

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.)

Last Agent to Sell the Property

Joseph Franklin

Keller Williams Beach Cities License #01936986 Listed on: 06/06/2015

Co-Listed By

Martin Ensbury

Lyon Stahl Investment Real Estate, Inc. License #00815392

Last Buyer's Agent

Joseph Franklin

Keller Williams Beach Cities License #01936986 Listed on: 06/06/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 3,488 Sq Ft Lot
  • Beach Front
  • No Common Walls

Parking

  • 3 Car Garage
  • Parking Available
  • Assigned Parking

Interior Spaces

  • 2,680 Sq Ft Home
  • 3-Story Property
  • Living Room with Fireplace
  • Ocean Views

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Fireplace in Primary Bedroom
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Gas And Electric Dryer Hookup

Outdoor Features

  • Property has ocean access
  • Exterior Lighting

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 18
  • Tax Tract Number 4103
  • Assessor Parcel Number 4137009030

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,400
  • Insurance Expense $2,500
  • Trash Expense $1,200
  • Water Sewer Expense $2,400
  • New Taxes Expense $62,735
  • Gross Income $12,500
  • Net Operating Income $100,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • View: Yes
  • Water Sewer Expenses: 2400.00
  • Property Type: Residential Income
  • Parcel Number: 4137009030
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 3
  • Common Walls: No Common Walls
  • Fireplace Features: Living Room, Master Bedroom
  • Levels: Three Or More
  • Price Per Square Foot: 2145.52

Exterior Features

  • View: Ocean, Water
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned, Garage
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Available, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Gas & Electric Dryer Hookup, In Garage
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Features: Walkstreet
  • Lot Size Sq Ft: 3488.00
  • Lot Size Acres: 0.0800

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Electric Expense: 2400.00
  • Gross Income: 12500.00
  • Gross Scheduled Income: 150000.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 3488.0000 Square Feet
  • Net Operating Income: 100500.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 49500.00
  • Rent Control: No
  • Waterfront Features: Beach Access, Beach Front, Ocean Access, Ocean Front

Tax Info

  • New Taxes Expense: 62735.00
  • Tax Lot: 18
  • Tax Tract Number: 4103
  • Tax Year: 2014

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
$8,099,154

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,349,154
Avg. Annual Appreciation
3.28%

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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
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
06/12/2015 06/12/15 Sold $5,750,000 0.0% $2,146 / Sq Ft
06/06/2015 06/06/15 Pending -- -- --
06/06/2015 06/06/15 For Sale $5,750,000 -- $2,146 / 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 $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

    30 Total Sales

    Martin Ensbury
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB15122010

California Regional Multiple Listing Service (CRMLS)

APN: 4137-009-069

California Los Angeles County Manhattan Beach 90266

4009 Ocean Dr, Manhattan Beach, CA

Not Listed for Sale

MultiFamily

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