NOT LISTED FOR SALE

417 8th Place Manhattan Beach, CA 90266

Estimated Value: $3,883,000 - $4,452,000

3 Beds
2 Baths
1,407 Sq Ft
$2,926/Sq Ft Est. Value

Last Sold October 01, 2021

Last sale price $3,851,000 $2,737 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $24,967/month

8 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • No HOA
  • Opal Robinson Elementary School Rated A
  • Private Yard
  • Bay Window

About This Home

As of October 2021

This prime Sand Section walk street property features an original 1939-constructed duplex situated on 30 x 90 lot and is ready to buy and hold or build your own California beach dream home. Ideally located on the first flat block from the beach it’s just 3.5 blocks to the sand and 3 blocks to Manhattan Beach Blvd. shops and restaurants. The duplex consists of two well maintained units; a 2 BDRM/1BA upper and 1 BDRM/1BA lower unit with a shared two car garage accessed off the 8th Place alley. On the walk street side, a professionally-landscaped shared yard rounds off this once in a lifetime purchase opportunity.
*** The County Tax record shows the address as 417 8Th Place ***

Last Agent to Sell the Property

Rich Harik

West Shores Realty, Inc. License #01425309 Listed on: 08/12/2021

West Shores Realty, Inc.

Last Buyer's Agent

Christa Lyons

Radius Agent Realty License #01489213

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,367

Year Built

  • Built in 1939 | Remodeled

Lot Details

  • 2,688 Sq Ft Lot
  • No Common Walls
  • Masonry wall
  • Wood Fence
  • Landscaped
  • Private Yard
  • Lawn
  • Back Yard

Parking

  • 2 Car Garage
  • Parking Storage or Cabinetry
  • Parking Available
  • Rear-Facing Garage

Home Design

  • Duplex
  • Traditional Architecture
  • Fire Rated Drywall
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 1,407 Sq Ft Home
  • 2-Story Property
  • Bay Window
  • Wood Flooring

Kitchen

  • Gas Oven
  • Gas Range
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Wall Furnace
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 34 / 5
  • Tax Tract Number 4795
  • Assessor Parcel Number 4179011026

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Laundry Facilities

Recreation

  • Bike Trail

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,500
  • Fuel Expense $40
  • Gardener Expense $1,440
  • Insurance Expense $1,311
  • Trash Expense $792
  • Water Sewer Expense $3,936
  • Operating Expense $12,948
  • Gross Income $78,300
  • Net Operating Income $58,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,367

Year Built

Built in 1939 | Remodeled

Lot Details

2,688 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Surface Type: Alley Paved
  • Water Sewer Expenses: 3936.00
  • Zoning: MNRS
  • Architectural Style: Traditional
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 4179011026
  • Year Built: 1939
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Unfurnished
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 2737.03
  • Room Type: Laundry
  • Window Features: Bay Window(s)

Exterior Features

  • Fence: Yes
  • Fencing: Masonry, Wood
  • Pool Private: No
  • Roof: Asphalt
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Built-In Storage, Garage, Garage Faces Rear
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Oven, Gas Range, Gas Water Heater, Refrigerator
  • Electric: Electricity - On Property, Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 792.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Landscaped, Lawn, Yard
  • Lot Size Sq Ft: 2688.00
  • Lot Size Acres: 0.0617

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 1500.00
  • Fuel Expense: 40.00
  • Gross Income: 78300.00
  • Gross Scheduled Income: 78300.00
  • Insurance Expense: 1311.00
  • Lot Size Area: 2688.0000 Square Feet
  • Net Operating Income: 58300.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 12948.00
  • Rent Control: No
  • Total Actual Rent: 6525.00
  • Total Expenses: 12948.00

Tax Info

  • Tax Area: 6174
  • Tax Block: 5
  • Tax Lot: 34
  • Tax Rate: 1.10
  • Tax Tract Number: 4795
  • Tax Annual Amount: 4367.00
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2021
Closed on
Aug 26, 2021
Sold by
Harik 2018 Rachid and Hari Patricia
Bought by
Klineman Alexandra and Purcell Edward
Seller's Agent
Rich Harik
West Shores Realty, Inc.
Buyer's Agent
Christa Lyons
Radius Agent Realty
List Price
$3,400,000
Sold Price
$3,851,000
Premium/Discount to List
$451,000
13.26%
Current Estimated Value
$4,116,584

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$265,584
Avg. Annual Appreciation
1.52%
Original Mortgage
$2,440,750
Outstanding Balance
$2,196,553
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,920,031

Purchase Details

Closed on
Feb 29, 2020
Sold by
Harik Patricia Bell
Bought by
Harik Patricia Bell and 2015 Rachid Harik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$820,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 9, 2020
Sold by
Harik Patricia Bell and Harik Rachid
Bought by
Harik Patricia Bell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$820,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 20, 2018
Sold by
Bell Jennifer
Bought by
Bell Courtney Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 19, 2018
Sold by
Harik Patricia Ann Bell and Harik Richard Bell
Bought by
Harik Patricia Bell and 2018 Rachid Harik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 14, 2009
Sold by
Bell Richard and Bell Maxine
Bought by
Bell Richard and Bell Maxine Cosper
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Klineman Alexandra $3,851,000 Fidelity National Title
Harik Patricia Bell -- Usa National Title Co Inc
Harik Patricia Bell -- Usa National Title Co Inc
Harik Patricia Bell -- Usa National Title Co Inc
Bell Courtney Richard -- Usa National Title Co
Harik Patricia Bell -- Usa National Title Co
Bell Richard -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Klineman Alexandra $2,440,750
Previous Owner Harik Patricia Bell $820,000
Previous Owner Bell Courtney Richard $840,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2021 10/01/21 Sold $3,851,000 +13.3% $2,737 / Sq Ft
08/20/2021 08/20/21 Pending -- -- --
08/12/2021 08/12/21 For Sale $3,400,000 -- $2,416 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $45,890 $4,086,710 $3,980,590 $106,120
2024 $45,342 $4,006,580 $3,902,540 $104,040
2023 $44,223 $3,928,020 $3,826,020 $102,000
2022 $43,453 $3,851,000 $3,751,000 $100,000
2021 $4,405 $342,561 $244,116 $98,445
2019 $4,296 $4,033,054 $3,820,348 $212,706
2018 $44,784 $3,953,985 $3,745,440 $208,545
2016 $3,737 $313,232 $223,215 $90,017
2015 $3,663 $308,528 $219,863 $88,665
2014 $3,628 $302,486 $215,557 $86,929
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21177590

California Regional Multiple Listing Service (CRMLS)

APN: 4179-011-026

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